Shale energy company Bill Barrett Corp. completed its merger with Fifth Creek Energy and started trading last Tuesday under the new symbol,...
Oklahoma City-based Devon Energy Corp said on Monday it was looking to sell even more assets than previously announced in order to...
Second straight weekly rise in the U.S. oil-rig count Crude oil prices have added about 7.7% over the past two weeks, driven...
South Korean energy giant SK Innovation has signed an agreement to acquire a US oil and gas explorer to expand its overseas...
Producers in the recently opened Merge play of Oklahoma’s Anadarko Basin are sitting atop a resource that rivals some of the world’s...
Oklahoma Leasing Activity Continental Resources remains one of the most active operators in Oklahoma; they continue to acquire acreage throughout the SCOOP focusing in Stephens...
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...
Benchmark U.S. crude oil for March delivery fell $1.97 to $75.85 per barrel Wednesday. Brent crude for March delivery fell $1.16 to $81.71 per barrel.
Wholesale gasoline for February delivery fell 8 cents to $2.18 a gallon. February heating oil was unchanged at $2.81 a gallon. March natural gas rose 2 cents to $2.10 per 1,000 cubic feet.
The energy sector is off to a lower start, pressured by weakness in the crude complex and the major equity futures which dropped amid lackluster AI forecasts from mega-cap tech companies. In company news, Phillips 66 released fourth-quarter results of $1.3 billion or $2.86 per share; adjusted earnings of $1.4 billion or $3.09 per share; $2.2 billion of operating cash flow, and $1.6 billion returned to shareholders through dividends and share repurchases. Hess reported net income of $413 million, or $1.34 per share, in the fourth quarter of 2023. A couple of rating changes were made by Seaport Research Partners in U.S E&Ps, and by TPH Energy Research in MLPs & pipelines.
WTI and Brent crude oil futures slid 1% this morning, giving back most of yesterday’s gains on demand concerns as investors digested China’s manufacturing activity which contracted for the fourth consecutive month in January. Oil forecasts such as OPEC’s, expect China to aid in oil demand growth in 2024, however, traders are jittery amid the latest signs of a struggling economy.
Natural gas futures are higher on storage estimates which point to a higher-than-average draw, despite forecasts for warmer temperatures. Consensus is looking for a draw of (202) Bcf vs the 5-yr average of (185) Bcf. This comes following last week’s reported storage draw of (326) Bcf, the third-largest pull-on record.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
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....
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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