OklahomaMinerals.com

Snippets

• Citadel Buys Haynesville E&P Paloma Natural Gas for $1.2B
  Analysts reported that hedge fund giant Citadel has acquired Haynesville...
  Analysts reported that hedge fund giant Citadel has acquired Haynesville Shale E&P Paloma Natural Gas for $1.2 billion. The company has assets in Caddo, De Soto, Bossier, Sabine, Red River, Webster, and Bienville parishes, Louisiana, and produced nearly 140 Bcf of natural gas in 2024, or about 382.25 MMcf/d.
  
  According to sources familiar with the transaction, the transaction includes acreage, producing assets, and approximately 60 undeveloped Haynesville locations.
  
  Paloma acquired the Haynesville assets of Goodrich Petroleum Corp. for $480 million in cash in 2021.
  Read More
• Longest sand conveyor belt in the US
  Atlas Energy Solutions, a Texas-based oil company, has built a $400 million conveyor belt that stretches...
  Atlas Energy Solutions, a Texas-based oil company, has built a $400 million conveyor belt that stretches for 42 miles across state lines into New Mexico, transporting millions of tons of sand for fracking. The snaking behemoth, which the company named the “Dune Express,” delivers sand more safely and efficiently than hauling it in trucks.
  
  
  Read More
• Putin waffled on the Ukraine ceasefire deal
  Depending on which headline you read, Russian leader Vladimir Putin either...
  Depending on which headline you read, Russian leader Vladimir Putin either did or did not accept the terms of a US-backed ceasefire in Ukraine—his position was fuzzy. Putin claimed he supports “the idea” of a ceasefire, but said there are still “questions” to be answered, appearing to reject an immediate end to the fighting. The proposal, which Russian officials allege would give Ukraine time to regroup, would see all military activities cease for at least 30 days while prisoners were exchanged and civilian detainees released. Analysts remain skeptical that Russia will agree to or comply with a deal that Ukraine has agreed to.
  Read More
• ☕️What Else is Brewing Friday Morning
  Judge ordered US government to rehire thousands of fired workers. A...
  Judge ordered US government to rehire thousands of fired workers. A federal judge, William J. Alsup, ruled that six federal agencies—the Departments of Treasury, Veterans Affairs, Agriculture, Defense, Energy, and Interior—must reinstate the probationary employees who were fired as part of the Trump administration’s downsizing of the government. Alsup called the firings a “gimmick,” arguing they were carried out under the pretense that the workers were poor performers. He said his ruling applied only to the firings that the Office of Personnel and Management recommended last month and does not prevent agencies from lawfully making their own staff reductions.
  
  Meta revealed that its upcoming Community Notes feature, which will roll out next week in lieu of fact-checking, will be powered by X’s open-source algorithm.
  
  Sonos canceled plans to release a streaming video player that would have competed with Roku and Apple TV, The Verge reported.
  
  Comcast re-upped its deal to exclusively broadcast the Olympics in the US through 2036.
  
  The White House reportedly withdrew its nomination of Dave Weldon to lead the CDC after the former Florida congressman’s views on vaccines came under scrutiny.
  
  Donatella Versace stepped down as chief creative officer of Versace after nearly 30 years.
  Read More
• Oil prices settle lower as IEA warns that trade tensions will undercut demand
  Oil futures declined Thursday to trade lower for the week after the International...
  Oil futures declined Thursday to trade lower for the week after the International Energy Agency’s monthly report underscored worries that rising global trade tensions could undercut energy demand.
  
  West Texas Intermediate crude for April delivery fell $1.13, or 1.7%, to settle at $66.55 a barrel on the New York Mercantile Exchange, after climbing 2.2% Wednesday.
  
  May Brent crude, the global benchmark, lost $1.07, or 1.5%, at $69.88 a barrel on ICE Futures Europe.
  
  April gasoline edged down by 0.8% to $2.13 a gallon, while April heating oil fell 2% to $2.16 a gallon.
  
  Natural gas for April delivery settled at $4.11 per million British thermal units, up 0.7% after tapping an intraday low of $3.955.
  Read More

• Prev
• Next