LONDON – Premier Oil’s UK oil production averaged 39,500 boe/d last year, 20% higher than in 2016. This was mainly due to...
HOUSTON, — U.S. crude production will soar to a record high this year before rising even more in 2019, according to a...
In Oklahoma, there are various rivers that cut across the state dividing property lines and boundary lines. Although it is known that...
As we march into 2018, let’s start by taking a look back at Oklahoma O&G activity during 2017. At Oseberg, we believe...
ALBUQUERQUE, N.M. (AP) — Thanks to more barrels of oil production being pumped monthly from the Permian Basin, New Mexico is among...
Oklahoma down 2, now at 121; U.S. Rigs fall by 5 U.S. energy companies this week cut oil rigs for the first week...
Updated August 27, 2019. U.S. petroleum and natural gas production increased by 16% and by 12%, respectively, in 2018, and these totals...
In 2017, oil prices recovered significantly. Posting its second annual gain in a row, the commodity closed 2017 up more than 12%. The U.S....
Penn Virginia Corp. (NASDAQ: PVAC) will expand its core position in the Eagle Ford Shale with an $86 million bolt-on acquisition, the Houston-based...
As the price of oil rises, heavily-hedged shale producers may find it harder to meet investor demands for payback, boosting the value...
(Wednesday market close) Major U.S. equity benchmarks ended lower late Wednesday, retreating sharply to erase initial gains as investors appeared keen to lock in some profits from the market's recent rally ahead of the three-day holiday weekend. The Dow Jones Industrial Average® (DJI) touched another record high early in the session but ended with its first loss in 10 days.
The late sell-off didn't appear to be triggered by any piece of news, though disappointing quarterly results from FedEx (FDX) late Tuesday sent the shipping giant's shares tumbling 12%, weighing on the transportation industry and raising some potential red flags over the economy.
The energy sector is starting higher, supported by strength in the underlying commodities. Meanwhile, the major market futures are lower as the year-end rally takes a breather.
WTI and Brent crude oil futures are higher in early trading, on pace for their third-straight session of gains as the focus shifts back to supply woes amid ongoing tensions in the Red Sea and the Middle East. Earlier today, Greece advised commercial ships sailing the Red Sea and the Gulf of Aden to avoid Yemeni waters. Greek ship owners control approximately 20% of the world’s commercial vessels in carrying capacity. Investors will also look to the EIA data later today after last night’s API report showed a surprise build of 939K barrels last week. Analysts are expecting the government data to show a 2.2mm barrel draw.
Natural gas futures are higher, tracking gains in the crude complex but gains are capped ahead of the EIA weekly storage report.
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
Natural gas remains the leading source of electricity generation in the United States, but...
by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with...
President Donald Trump used his address at the United Nations General Assembly this week...
West Texas holds a treasure trove of natural gas that could become a critical...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
By DANIEL JONES, US CONSUMER EDITOR | Daily Mail | and REUTERS | Exxon Mobil...
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
By Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas...
AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its...
OPEC+’s production hikes have been a tool to both punish countries that were overproducing...
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