OklahomaMinerals.com

Snippets

• Friday Stock Market Outlook
  US stock futures rise early Friday as the S&P 500 extended its...
  US stock futures rise early Friday as the S&P 500 extended its winning run with a sixth straight day of gains. Check out the latest market moves.
  
  Earnings on deck: Canaccord Genuity, Top Glove, and more, all reporting.
  Read More
• Patterson-UTI, NexTier Merging in $5.4B Deal
  Patterson-UTI Energy Inc. and NexTier Oilfield Solutions Inc. will combine in an all-stock merger of...
  Patterson-UTI Energy Inc. and NexTier Oilfield Solutions Inc. will combine in an all-stock merger of equals transaction, resulting in a company with a combined value of $5.4 billion that will operate in the most active basins in the U.S.
  
  The combined company, which will operate under the name Patterson-UTI Energy Inc., will have a fleet of 172 super-spec drilling rigs, 45 active frac fleets (33 NexTier, 12 Patterson-UTI) and directional drilling services.
  
  Its combined 3.3 million horsepower will make Patterson-UTI the largest North American pressure pumper by capacity, slightly larger than Halliburton, analysts at Evercore ISI wrote in a June 15 research note.
  
  
  Read More
• ☕️What Else is Brewing Friday Morning
  Virgin Galactic said it would begin its commercial space tourism service by the end of the month. ...
  Virgin Galactic said it would begin its commercial space tourism service by the end of the month. It’s been a long time coming.
  
  Former UFC champ Conor McGregor was accused of sexually assaulting a woman during Game 4 of the NBA Finals last week in Miami. McGregor’s attorney denied the allegations.
  
  An American man is in custody for allegedly pushing two women down a ravine near Germany’s Neuschwanstein castle, killing one of them.
  
  Twitter is being evicted from its Boulder, CO, office since it owes its landlord three months’ rent.
  
  About 35 million people in Texas, Louisiana, and Florida are under some sort of heat warning as stifling weather hits the South this weekend.
  
  
  Read More
• S&P 500, Nasdaq extend winning streak as stocks gain over 1%
  U.S. stocks booked big gains on Thursday, a day after the Federal...
  U.S. stocks booked big gains on Thursday, a day after the Federal Reserve skipped a June rate hike, but indicated more increases could be on the table this year. The Dow Jones Industrial Average DJIA jumped about 430 points, or 1.3%, ending near 34,409, according to preliminary FactSet data, while the S&P 500 Index SPX gained 1.2% to score a sixth session in a row of wins and its longest stretch of straight gains since Nov. 8, 2021, according to Dow Jones Market Data. The Nasdaq Composite Index COMP closed up 1.2%. The rally for stocks comes in the wake of the S&P 500 emerging from its longest bear market in decades, with shares of big technology companies continuing to lead the index higher on Thursday. Its Communications Services segment rose 1.5% Thursday, while the Information Technology sector gained 1.3%, according to FactSet.
  Read More
• Earthstone Buys EnCap-Backed Delaware E&P in $1B Deal
  Earthstone Energy Inc. is expanding its position in the northern...
  Earthstone Energy Inc. is expanding its position in the northern Delaware Basin with a $1 billion deal to acquire Novo Oil & Gas.
  
  Northern Oil & Gas Inc. simultaneously announced it will acquire a 33.33% undivided stake in the Novo assets in partnership with Earthstone.
  
  For Earthstone, the acquisition of Novo Oil & Gas Holdings, a private E&P backed by EnCap Investments LP, will add around 11,300 net acres in Eddy County, New Mexico, and Culberson County, Texas, to the E&P’s footprint, the company announced June 15.
  
  Earthstone’s Delaware acreage position will grow to approximately 56,000 net acres after the deal closes, which is expected to occur during the third quarter.
  
  
  Read More

• Prev
• Next