OklahomaMinerals.com

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• Nation’s rig count grew while Oklahoma gave one back.
  The combined national count saw a gain...
  The combined national count saw a gain of 4 rigs to reach 623. The number of oil rigs held steady and unchanged at 499 while the total of gas rigs increased by 4 to 121.
  
  Oklahoma dropped to 41 rigs with the loss of one in the past week. The 41 compares to the 63 rigs reported a year ago, according to Baker Hughes.
  
  The U.S. count is still 138 fewer than a year ago when it totaled 761. The decline included 110 oil rigs and 29 gas rigs over the past year.
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• BP to keep Ind. refinery shut for 3 weeks
  BP will keep its refinery in Whiting, Ind., closed for at least three...
  BP will keep its refinery in Whiting, Ind., closed for at least three weeks as it assesses damage from a facility-wide power outage a week ago. The Whiting refinery is the company's largest in North America, with the capacity to process 435,000 barrels of crude each day.
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for March delivery ...
  Benchmark U.S. crude oil for March delivery rose 62 cents to $76.84 per barrel Friday. Brent crude for April delivery rose 56 cents to $82.19 per barrel.
  
  Wholesale gasoline for March delivery was unchanged at $2.34 a gallon. March heating oil rose 7 cents to $2.96 a gallon. March natural gas fell 7 cents to $1.85 per 1,000 cubic feet.
  
  
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• S&P 500 closes over 5,000 for new record high, books 5th straight week of gains
  U.S. stocks closed mostly higher on Friday, with the S&P...
  U.S. stocks closed mostly higher on Friday, with the S&P 500 scoring its 10th record close of 2024 as the index booked a fifth straight week of gains.
  

  
  
  • The S&P 500 ended 0.6% higher at 5,026.61.
  
  
  • The Nasdaq Composite gained 1.2% to 15,990.66
  
  
  • The Dow Jones Industrial Average slipped 0.1% to 38,671.69.
  
  

  
  The S&P 500, Nasdaq, and Dow each rose for a fifth consecutive week in their longest winning streaks since December, according to Dow Jones Market Data.
  
  For the week, the Dow eked out a gain of less than 0.1%, while the S&P 500 climbed 1.4% and the Nasdaq advanced 2.3%.
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• Permian growth in 2024 expected to drop significantly
  Growth in the Permian Basin is expected to slow in 2024 following the purchase by public companies of...
  Growth in the Permian Basin is expected to slow in 2024 following the purchase by public companies of nearly 40 private companies last year. The Energy Department recently dropped its 2024 growth forecast by 120,000 bpd to 170,000 bpd, down from over 1 million bpd last year. "It all ties down to the industry being less interested in growth and more in generating positive cash flows, which they have now done successfully for a few years," said Alexandre Ramos-Peon, head of shale research at Rystad.
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