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• Permian constraints inspire creative drilling strategies
  Permian Basin land constraints...
  Permian Basin land constraints are driving operators to develop innovative solutions for drilling longer laterals, Apache Corp CEO John Christmann said in an interview. "[...] I think you'll see more and more creative geometries as you're trying to get well bores in very productive landing zones, where you can get more exposure to length and so forth, and design your fracs to develop as much rock efficiently for as lowest amount of capital as possible," Christmann said.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery ...
  Benchmark U.S. crude oil for June delivery fell 26 cents to $79.80 per barrel Monday. Brent crude for July delivery fell 27 cents to $83.71 per barrel.
  
  Wholesale gasoline for June delivery fell 3 cents to $2.54 a gallon. June heating oil was unchanged at $2.49 a gallon. June natural gas rose 12 cents to $2.75 per 1,000 cubic feet.
  
  
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• S&P 500, Nasdaq score record highs, while Dow retreats from 40K-point milestone
  U.S. stocks ended mixed on Monday, as the Dow Jones Industrial Average...
  U.S. stocks ended mixed on Monday, as the Dow Jones Industrial Average retreated after ending last week above the 40,000 milestone.
  
  The Dow Jones ended about 0.5% lower. The S&P 500 finished 0.1% higher and the Nasdaq Composite went up 0.7% to its ninth-record close this year.
  
  
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• Seadrill Sells Three Jackups for $338MM to Gulf Drilling International
  Seadrill Ltd. has agreed to sell its Qatar...
  
  
  Seadrill Ltd. has agreed to sell its Qatar jackup fleet and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to joint venture partner Gulf Drilling International (GDI) for $338 million.
  
  The sale of the three jack-up rigs—the West Castor, the West Telesto, and the West Tucana, is subject to certain conditions, including approval or non-objection of the Qatar Financial Centre Authority and approval of the shareholders of GDI’s parent company.
  
  The deal is expected to close in the third quarter of 2024.
  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  
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• Hydrogen fuel plant proposed for Pittsburgh airport
  Pittsburgh International Airport could get a $1.5 billion plant to make...
  Pittsburgh International Airport could get a $1.5 billion plant to make hydrogen-based fuels under a tentative plan by natural gas producer CNX Resources. The project depends on the US granting tax credits for coal mine methane, with CNX touting the plant as a way to pull the greenhouse gas out of the atmosphere and combine it with natural gas to produce hydrogen-based airline fuel.
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