Exxon Mobil Corporation (NYSE:XOM) recently announced it will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through...
It is without question that technological innovations have drastically altered the way that geologists and engineers perform their jobs. For the landman,...
Oil rigs down, Permian Remains Resilient. In 2016, the oil rig count staged a comeback not seen since the most recent oil...
This month’s article is a continuation of the Due Diligence topic we started in December. You may remember in my previous article...
Oil and Gas Bankruptcy Update: Samson Resources Haynes and Boone has tracked 114 North American oil and gas producers that have filed...
Out With The Old, In With The New – Rig Count Climbs Again A Look Back At 2016 Things were ominous for...
Over-pressured Meramec wells in STACK are delivering some of the highest returns across the play. Continental Resources (NYSE: CLR) announced a new...
Most modern oil and gas leases provide that a lease will not terminate if the lessee “commences operations for the drilling of...
Last month’s article was focused on the value of GIS (Geographic Information Systems) or “smart” maps to mineral owners. I focused on...
INTRO Only time will tell whether OPEC will effectively implement its recent decision to curb oil supplies and reverse a price slump...
U.S. crude oil futures rose from post-settlement levels Tuesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude oil inventories.
U.S. stocks finished mostly lower on Tuesday afternoon, as investors looked ahead to the conclusion of the Federal Reserve’s two-day policy meeting on Wednesday for decisions on interest rates and guidance on the future direction of monetary policy.
The Dow Jones Industrial Average fell 125.55 points, or 0.3%, to end at 45,757.90, according to FactSet data.
The S&P 500 was off 8.52 points, or 0.1%, to finish at 6,606.76.
The Nasdaq Composite was down less than 0.1%, leaving it nearly flat, at 22,333.96.
Fed-funds futures traders were pricing in a 96% likelihood of at least a quarter-point rate cut on Wednesday, according to the CME FedWatch Tool. But investors are laser-focused not just on the policy decision itself, but also on Fed Chair Jerome Powell’s press conference and the updated Summary of Economic Projections — also known as the “dot plot” — which will show where policymakers expect the federal-funds rate to be by the end of this year and in 2026.
The Fed is expected to release its monetary-policy statement and economic projections at 2:00 p.m. Eastern time on Wednesday, followed by a press conference with Powell at 2:30 p.m.
Source: EIA | Between 2020 and 2024, total crude oil and lease condensate production...
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
Canadian midstream operator Enbridge has approved final investment decisions on two new gas transmission...
Targa Resources Corp. has launched a non-binding open season for its proposed Forza Pipeline...
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a...
Reporting by Gavin Maguire | (Reuters) – U.S. power developers are planning to sharply...
Authored by Jill McLaughlin via The Epoch Times, | California regulators fearing a dramatic...
Data centers across the United States are increasingly grappling with one of the most...
The U.S. oil and gas industry is entering a period of retrenchment, marked by...
[energyintel.com] A data center boom in the US is straining the grid and pushing...
By Mella McEwen,Oil Editor | MRT | Crude prices have spent much of the year...
Canada’s ambitions to become a global energy powerhouse gained momentum just two months after...
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