Evercore ISI: Onshore permitting activity slowed in April
Onshore oil and natural gas permitting issuance totaled 3,060 in April, down 31% from March, with notable...
Onshore oil and natural gas permitting issuance totaled 3,060 in April, down 31% from March, with notable declines recorded in natural gas-rich plays such as the Haynesville, Marcellus, and Barnett shales, where permitting activity dropped by 40%, 25%, and 30%, respectively, Evercore ISI reported. The Permian Basin, which remains the epicenter of permitting activity, experienced a 34% decrease while permitting fell by 52% in the Denver-Julesburg Basin and by 45% in the Eagle Ford Shale.
ProPetro Announces $100 Million Share Repurchase Program
ProPetro Holding Corp.’s board of directors approved a $100 million share repurchase program,...
ProPetro Holding Corp.’s board of directors approved a $100 million share repurchase program, announced on May 17 in a press release. ProPetro is a Midland, Texas-based oilfield services company.
Under the program, ProPetro may repurchase outstanding common stock until May 31, 2024. The $100 million authorization represents approximately 13% of the company’s market capitalization based on the current share price.
NHL Stanley Cup Playoffs conference finals begin tonight; see preview and predictions (More) | 2023 PGA Championship begins today from Oak Hill Country Club in New York (More)
Commercial real-estate prices could tumble 10% from their peak and defaults are sure to increase,...
Commercial real-estate prices could tumble 10% from their peak and defaults are sure to increase, Moody's chief economist said. Higher interest rates, a credit crunch, and waning demand for office buildings are all working against the sector, in his view. Read more.
US stock futures rise early Thursday, as investors await the weekly jobless claims report...
US stock futures rise early Thursday, as investors await the weekly jobless claims report to measure the strength of the labor market. Meanwhile, the Philadelphia Fed's manufacturing survey numbers for May are also due out later today. Check out the latest market moves.
Earnings on deck: Walmart, Alibaba, and Charles Schwab, all reporting.
