FourPoint Resources, alongside its partners Quantum Capital Group and Kayne Anderson, has agreed to acquire Ovintiv Inc.’s assets in the Uinta Basin...
NEW YORK- (Reuters) – U.S. and global oil production are set to rise to slightly larger record highs this year than prior...
HOUSTON (Reuters) – Norwegian-headquartered Crown LNG is racing against time to develop and start construction of a liquefied natural gas export plant...
Coterra Energy is set to expand its footprint in the oil-rich Permian Basin, announcing on Wednesday that it will acquire assets from...
We are continuing our new periodic series, “Wildcatter Chronicles,” where Oklahoma Minerals delves into the captivating stories of the pioneering individuals who shaped...
Ring Energy And The Central Basin The Central Basin, a distinctive geological feature within the Permian Basin, occupies a substantial area in...
The surge in water production across the Permian Basin is being met with a rising focus on recycling and reusing that water....
Federal revenue from energy production on public lands and waters fell by 10% in the latest fiscal year, totaling $16.4 billion, according...
By Tsvetana Paraskova for Oilprice.com | Amid Middle East tensions, experts doubt Iran will follow through on threats to close the Strait...
by Bloomberg, via RigZone.com|Bloomberg News | Oil imports into China sank again last month, highlighting soft consumption in the largest buyer just...
The energy sector is off to a lower start, pressured by weakness in the underlying commodities and in the major equity futures which slipped this morning as investor sentiment lost momentum following six consecutive sessions of gains for the benchmark indices. Earnings season continued to wind down today for energy and there is no major economic data on tap. Results from Occidental Petroleum and Ovintiv are due out later this week.
After posting low conviction gains yesterday, WTI and Brent turned sharply lower this morning, pressured by mixed economic data out of China which offset the impact of Saudi Arabia and Russia extending output cuts. Lingering weak economic growth in Europe that is weighing on manufacturing sentiment and news that Venezuela's state-owned oil company is in talks with local and foreign oilfield firms to boost output after sanctions relief also weighed on prices. On the supply side, markets are waiting to see if Saudi Arabia and Russia are ready to rein in production voluntarily beyond the end of the year in addition to a broader deal among the OPEC+ producer group. With no government inventory expected this week due to a planned systems upgrade, traders will be paying closer attention to this afternoon’s API industry data. The EIA will resume its regular schedule on November 13.
Amid an all-stock buying bonanza spurred on by Exxon Mobil Corp. and Chevron Corp. to snatch up shale and international assets, APA Corp. remains focused on creating value, adding a sixth rig in the Permian Basin.
Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall Street.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
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