By Matt Egan, CNN — Oil giant Halliburton said Wednesday it’s grappling with a computer system issue reportedly linked to a cyberattack. A person...
As of early Thursday, Brent crude futures edged up by 3 cents to $76.08 a barrel, while U.S. West Texas Intermediate (WTI)...
EIA – In our latest Short-Term Energy Outlook (STEO), we forecast that crude oil production in the United States will grow to an average...
by Bloomberg|Paul-Alain Hunt, Stephen Stapczynsk| According to Kevin Gallagher, the head of Santos Ltd, demand for natural gas will remain strong despite government...
Mergers and acquisitions in the U.S. oil and gas industry increased by 57% last year, as companies in the U.S. also increased...
APA Corporation is considering the sale of oil and gas drilling properties located in the Permian Basin, spanning Texas and New Mexico,...
Mark Jaffe’s report in The Colorado Sun details how Prospect Energy’s operations in Larimer County have been shut down due to severe...
The U.S. liquefied natural gas (LNG) sector, despite its rapid rise as the world’s largest exporter, is facing increasing challenges that threaten...
By Julianne Geiger for Oilprice.com | U.S. average gasoline prices fell week over week on Friday, at $3.42 per gallon—the cheapest Friday...
By Mella McEwen,Oil Editor |Midland Reporter Telegram| Endeavor Energy Resources announced on Friday the passing of its founder and chairman of the board,...
Job creation bounced back in November after disruptions from storms and a major strike, reinforcing an employment picture of modest expansion over the past few months.
The economy added 227,000 jobs last month, seasonally adjusted, the Labor Department reported on Friday. Revisions to the prior two months added 56,000 jobs.
Matador (MTDR) is set to contribute its Pronto Midstream subsidiary to San Mateo Midstream, a joint venture with Five Point Energy, in a strategic move valued at approximately $600 million. The transaction involves Pronto's 45-mile natural gas gathering network in New Mexico and San Mateo's 140-mile natural gas gathering and processing assets in Texas. TD Cowen notes that the market currently undervalues these midstream assets.
Upon closing, Matador will receive around $220 million in cash from Five Point, which the company plans to use for debt reduction. The deal includes agreements for sour gas treatment in Lea County, with Pronto set to deliver sour gas to Northwind Midstream, a Five Point affiliate. TD Cowen highlighted the transaction's attractiveness, estimating a 2.4x return on invested capital and a 9x EBITDA multiple. The deal is expected to be completed before the end of the year.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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