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...
Crude oil prices are holding above $60 a barrel. Rising U.S. crude production combined with higher oil rig counts and shale operators’...
The energy sector is off to a lower start, pressured by weakness in the crude complex and the major market futures. U.S equities are expected to open lower amid fears of further interest rate hikes by the Federal Reserve. As earnings season ramps up, Baker Hughes announced first-quarter earnings that beat Wall St expectations as strong oil prices continue to support demand for their services and equipment. UBS analyst Josh Silverstein initiated coverage across 19 oil & gas stocks and assumed coverage over CVX, SLB and XOM.
Oil futures are extending their weekly losses as traders remain focused on the possibility of another modest rate hike. Concerns over a slowing economy and fuel demand outweighed positive Chinese economic data and a draw in crude inventories according to the API. Markets are now pricing in an 86% chance of the Fed raising rates by 25 basis points at its May policy meeting. As anticipated, China's GDP grew by more than expected at 4.5%, for the first quarter and surpassed analyst expectations. Their refinery throughput also rose to record levels in March. Investors will be keeping an eye out for EIA data which will be released later as last night’s API data showed crude stocks fell by 2.68 million barrels last week.
Natural gas futures are lower amid forecasts for cooler temperatures and lower heating demand than previously expected.
Benchmark U.S. crude oil for May delivery rose 3 cents to $80.86 a barrel Tuesday. Brent crude for June delivery rose 1 cent to $84.77 a barrel.
Wholesale gasoline for May delivery fell 2 cents $2.75 a gallon. May heating oil fell 1 cent to $2.60 a gallon. May natural gas rose 9 cents to $2.37 per 1,000 cubic feet.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
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