OklahomaMinerals.com

Featured
Latest
Popular

M&A, Oil, Upstream

M&A, Oil, Upstream

U.S. Oil M&A Activity Drops 21 Percent

Syria, Energy, Oil, Gas

Syria, Energy, Oil, Gas

Syria Attracts U.S. Investment in Oil and Gas

Natural Gas, Oklahoma, Energy, Rig Count

Natural Gas, Oklahoma, Energy, Rig Count

Oklahoma Energy Sees Bullish Shift Toward Natural Gas

Methane, Oklahoma, Energy, Oil, Continental Resources

Methane, Oklahoma, Energy, Oil, Continental Resources

Oklahoma Opens $50M Fund to Cut Methane Emissions

Featured Article

Snippets

Drillers Cut Activity Amid Stabilizing Oil Prices
The total number of active drilling rigs in the United States fell...
The total number of active drilling rigs in the United States fell by 2 this week after climbing by 10 over the course of the last four weeks, according to new data that Baker Hughes published Friday.

The total rig count fell to 624 this week. Since this time last year, Baker Hughes has estimated a loss of 160 active drilling rigs. This week’s count is 451 fewer rigs than the rig count at the beginning of 2019, before the pandemic.

The number of oil rigs fell by 2 to 501. Oil rigs are now down by 119 compared to this time last year. The number of gas rigs stayed the same this week at 119, a loss of 35 active gas rigs from this time last year. Miscellaneous rigs fell by 1.

Primary Vision’s Frac Spread Count, an estimate of the number of crews completing unfinished, rose by 2 in the week to December 8 to 278. The frac spread count is 20 more than where it started the year.
Read More
☕️ What Else Is Brewing Saturday Morning
Friends star Matthew...
- Friends star Matthew Perry died of “acute effects of ketamine” and subsequent drowning, an autopsy report said.
- GM will lay off 1,300 workers in Michigan early next year because it’s ending production of the vehicles they make.
- Amazon, Target, and Walmart are suspending sales of water beads marketed to children because the superabsorbent colorful balls pose a safety risk when swallowed.
- Greek yogurt-maker Chobani has purchased coffee company La Colombe for $900 million in a rare deal involving two brands we really like.
Israel accidentally killed three hostages. The Israeli army said yesterday that it had mistakenly killed three Israeli hostages in Gaza after misidentifying them as a threat during ground operations. The military said it was still investigating the “sad and painful event” but that it believed the three had escaped from or been abandoned by their captors.

Shipping giants are avoiding the Red Sea. Following attacks on commercial ships by Houthi militants off the coast of Yemen, two of the world’s biggest shipping companies, Maersk and Hapag-Lloyd, said they have paused sending their ships through the Red Sea and will reroute around Africa.

Rudy Giuliani ordered to pay $148 million for defaming election workers. A jury found the former NYC mayor should pay the sum to a pair of Georgia election workers he falsely accused of tampering with ballots to rig the 2020 election, including $75 million in punitive damages.
Read More
Closing Market Update
(Friday market close) U.S. stocks...
(Friday market close) U.S. stocks ended mixed Friday, but the S&P 500® index (SPX) and Nasdaq Composite® (COMP) still extended seven-week winning streaks behind encouraging signs on inflation and the economy and beliefs the Federal Reserve will pivot to interest rate cuts in 2024. The Dow Jones Industrial Average® (DJI) posted a record closing high for the third straight day.

Here's where the major benchmarks ended:

The S&P 500 index was down 0.36 points at 4,719.19, up 2.5% for the week; the Dow Jones Industrial Average was up 56.81 points (0.2%) at 37,305.16, up 2.9% for the week; the Nasdaq Composite was up 52.36 points (0.4%) at 14,813.92, up 2.8% for the week.

The 10-year Treasury note yield(TNX) was down about 2 basis points at 3.913%.

The Cboe® Volatility Index (VIX) was down 0.20 at 12.28.

Read More
Closing Oil & Gas Prices for Friday
Benchmark U.S. crude oil for January delivery...
Benchmark U.S. crude oil for January delivery fell 15 cents to $71.43 per barrel Friday.

Brent crude for February delivery fell 6 cents to $76.55 per barrel.

Wholesale gasoline for January delivery rose 2 cents to $2.14 a gallon.

January heating oil rose 3 cents to $2.62 a gallon.

January natural gas rose 10 cents to $2.49 per 1,000 cubic feet.

Read More
Delaware Basin E&P Battalion Oil Acquired for $450 Million
Public Permian player Battalion Oil...
Public Permian player Battalion Oil Corp. is being acquired by a private E&P after continuing to explore strategic alternatives.

Fury Resources Inc. will acquire all of Battalion’s outstanding common shares for $9.80 per share in cash, representing a total transaction value of approximately $450 million, the companies announced on Dec. 15.
Read More

To Top

Lease or Sell Your Minerals Rights in Oklahoma or Texas ➡️(405) 492-6277