Devon, Oxy CEOs share insights into production plans
Easing oilfield inflation will allow Devon Energy...
Easing oilfield inflation will allow Devon Energy to reduce spending on sustaining oil and natural gas production next year, although labor constraints present an ongoing hurdle, said CEO Rick Muncrief. Meanwhile, Occidental Petroleumplans to hold steady on production despite surging oil prices because the market is unbalanced, according to CEO Vicki Hollub.
Hamm: Oil and gas here to stay, but policy stability needed
The world will continue to rely on oil and gas over the next century, predicted ...
The world will continue to rely on oil and gas over the next century, predicted Continental Resources Chairman Harold Hamm as he called for more consistent and enduring energy policies. Speaking at the American Energy Security Summit, Hamm cautioned that a lack of policy support for new drilling could push oil prices to $120 to $150 per barrel, potentially upending the energy system.
As the oil industry celebrated a century since the Permian...
As the oil industry celebrated a century since the Permian Basin's first discovery, industry leaders convened at the West Texas Geological Society's fall symposium to chart the course ahead. Discussions centered on unlocking new opportunities, overcoming capital barriers, attracting and nurturing talent, and devising effective solutions for managing produced water. Full Story: Midland Reporter-Telegram
U.S. stocks open lower Tuesday as government-shutdown worries intensify
U.S. stocks opened lower Tuesday amid worries over a potential government shutdown and higher Treasury...
U.S. stocks opened lower Tuesday amid worries over a potential government shutdown and higher Treasury yields. The Dow Jones Industrial Average DJIA, -0.50% was down 0.6% soon after the opening bell, while the S&P 500 SPX, -0.80% shed 0.7% and the Nasdaq Composite COMP, -0.90% dropped 0.7%, according to FactSet data, at last check. Investors are watching for Congress to pass a budget by Saturday or risk a U.S. government shutdown. Moody’s has said that a shutdown “would demonstrate the significant constraints that intensifying political polarization put on fiscal policymaking at a time of declining fiscal strength, driven by widening fiscal deficits and deteriorating debt affordability.
David McCallum, the actor known for starring roles in "The Man From U.N.C.L.E." and...
David McCallum, the actor known for starring roles in "The Man From U.N.C.L.E." and "NCIS," dies at 90 (More)
Moody’s, the only major credit rating agency that still gives the US government a triple-A rating, warned that a federal government shutdown would negatively impact the country’s credit.
Ukraine said it killed the commander of Russia’s Black Sea Fleet in a missile strike on the Crimean city of Sevastopol.
Nissan announced that all new models it launches in Europe will be fully electric, and by 2030, it will only sell electric vehicles on the Continent.
Governors Gavin Newsom and Ron DeSantis will square off in a Fox News debate between two people who will probably never be president.
SAG-AFTRA, whose members are already striking against Hollywood studios, are set to begin contract talks with video game companies in the hopes of avoiding a second strike.
President Biden announced a $1.4 billion investment to improve rail safety across 35 states, including track upgrades and bridge repairs.
