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...
Crude oil prices are holding above $60 a barrel. Rising U.S. crude production combined with higher oil rig counts and shale operators’...
The data in this Oklahoma activity report is provided by Oseberg, a next-generation oil & gas information and data analytics company that...
Oil Rig Count Hits 800 Oklahoma gains 3 to 124; U.S. Rigs climb by 3 Bloomberg reported that U.S. oil explorers raised...
Gastar Exploration Inc. (NYSE American: GST) (“Gastar”) announced today that it has completed the previously announced sale of its interest in the...
The oil and gas industry regulator has raised its forecast of how many barrels of oil can be recovered from the waters...
From the Harvard Business Review: In November, the United States crude oil production exceeded 10 million barrels per day for the first...
Companies drilling for oil and gas are engaged in an expensive game of chance. Given rising project costs and increasing pressure on...
Oklahoma Leasing Activity The SCOOP continues to be the hottest play in Oklahoma leasing. Continental’s leasing efforts in Stephens County speaks to their continued position as the...
The nation’s drilling rig count rose slightly this week as crude inventories are falling and U.S. oil exports are on the rise....
(Reuters) - Oil prices settled down more than 7% on Monday, losing more than $5 a barrel after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz, but instead attacked a U.S. military base in Qatar in retaliation for U.S. attacks on its nuclear facilities.
Brent crude futures closed down $5.53, or 7.2%, at $71.48 a barrel, while U.S. West Texas Intermediate crude (WTI) eased $5.33, or 7.2%, to $68.51.
Brent's 7.2% drop was the steepest since August 2022. The benchmark traded in a $10 range, the widest since July 2022.
Both benchmarks were down nearly 9% in after-hours trading.
"Oil flows for now aren't the primary target and are likely not to be impacted, I think it's going to be military retaliation on U.S. bases and/or trying to hit more of the Israeli civilian targets," said John Kilduff, a partner at Again Capital.
Oil fell sharply after Iran retaliated against U.S. airstrikes on its main nuclear sites with a missile attack on the Al Udeid U.S. airbase in Qatar, the largest U.S. military installation in the Middle East. No U.S. personnel were killed or injured in Iran's attack, two U.S. officials told Reuters.
U.S. stocks ended higher after volatile swings on Monday, after Iran launched missiles at a U.S. military base in Qatar — though reports said Iran gave advanced warnings. At the same time, no U.S. personnel were killed or injured in the attack.
The Dow Jones Industrial Average went up 374.96 points or 0.9% to end at 42,581.78 for back-to-back gains, according to the Dow Jones Market Data.
The S&P 500 rose 57.33 points or 1% to finish at 6,025.17, snapping a three-day losing streak.
The Nasdaq Composite gained 183.56 points or 0.9% to close at 19,630.97.
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...
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...
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...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Have your oil & gas questions answered by industry experts.