Tom L. Ward, formerly a stakeholder in both Chesapeake and SandRidge, announced Thursday his year-old company, Mach Resources LLC, has formed a...
Jericho Oil Corporation (“Jericho”) has announced through its Oklahoma STACK Joint Venture (“STACK JV”), that it has brought online a high-rate single-mile...
One of the hottest plays in the country right now is the STACK. One of the hottest plays in the country is...
Big oil has an all-or-nothing reputation, with many pursuing growth at any cost. It’s an approach that cost investors dearly during the...
It has become a regular occurrence in Oklahoma that many operators are spudding their wells before a forced pooling order from the...
Oklahoma gains 4, back up to 124 as U.S. Oil Rigs get back 4 also. The total number of oil and gas rigs now...
Boosted by surging output, the United States is becoming a significant exporter of crude oil, a shift that is remaking American infrastructure...
THE U.S. OIL INDUSTRY is pumping at record levels, putting the country on track to surpass Russia as the world’s top oil producer...
The oil price collapse, which began in June 2014, triggered a wave of cost reduction among upstream businesses, including Cimarex Energy (NYSE:...
Oklahoma Leasing Activity The HOTSPOT over the last 60 days continues to be NW McClain/NE Grady cos. EOG has a nice position there and...
U.S. stocks finished lower on Wednesday after the Federal Reserve decided to leave interest rates unchanged, but Chair Jerome Powell said no decision has been made yet on whether policymakers are ready to cut interest rates in September.
The Dow Jones Industrial Average lost 171.71 points, or nearly 0.4%, to end at 44,461.28, according to preliminary data from FactSet. The blue-chip index has fallen for three consecutive trading days.
The S&P 500 was off 7.96 points, or 0.1%, at 6,362.90.
The Nasdaq Composite rose 31.38 points, or 0.2%, ending at 21,129.67.
The U.S. central bank on Wednesday left rates unchanged for a fifth straight meeting, keeping them in a range of 4.25-4.5%. But Powell, in his post-meeting press conference, mentioned risk of persistent inflation as a result of President Donald Trump's tariff plans. He also said the Fed is prepared to maintain a wait-and-see stance when it comes to delivering rate cuts.
As a result, the odds of a September rate cut moved down substantially after the press conference. Fed-funds futures traders saw a 45% chance of a September cut, down from around 63% earlier in the day, according to the CME FedWatch Tool.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose this week, adding 1.539 million barrels in the week ending July 25. This is a stark contrast to the expected 2.5 million barrel draw that analysts had expected.
The Federal Reserve left its benchmark interest rate unchanged for the fifth straight meeting amid tremendous pressure from President Donald Trump to reduce borrowing costs.
For the first time since 1993, two of the seven members of the Fed’s board of governors dissented.
Fed Govs. Christopher Waller and Michelle Bowman voted in favor of a rate cut. They have expressed concern that the labor market is weakening underneath the surface.
In a statement Wednesday, the Fed said the latest data show economic activity “moderated” in the first half of the year. The labor market remains solid, the committee said.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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