Ovintiv completes $4.2 billion acquisition of holdings in Permian Basin
Ovintiv Inc. announced this week the completion of its $4.2 billion acquisition of core ...
Ovintiv Inc. announced this week the completion of its $4.2 billion acquisition of core Midland Basinassets in West Texas.
The Permian deal involved its purchase of assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources. The acquisition was formally closed on June 12 and added more than 1,000 well locations and nearly 65,000 net acres of largely undeveloped land adjacent to Ovintiv’s existing Permian operations.
Ovintiv also closed on the previously announced all-cash sale of its Bakkenassets located in the Williston Basin of North Dakota to Grayson Mill Bakken, LLC, a portfolio company of funds managed by EnCap for $825 million. The sale means Ovintiv no longer has any Bakken holdings.
Consumer prices rose 4 percent in the year through May, the slowest pace in more than two years and an...
Consumer prices rose 4 percent in the year through May, the slowest pace in more than two years and an encouraging sign as the Fed plots its next interest rate move.
US Senate to investigatethe proposed merger between the PGA Tour and the Saudi-backed LIV Golf series (More) | Vegas Golden Knights try to win their first Stanley Cup in Game 5 tonight (8 pm ET, TNT) against the Florida Panthers (More)
The Denver Nuggets captured their first title in franchise history last night, defeating the Miami Heat 94-89 in Game 5 of the NBA Finals.
Benchmark U.S. crudeoil for July delivery fell $3.05 to $67.12 a barrel Monday. Brent crudefor August delivery fell $2.95 to $71.84 a barrel.
Wholesale gasolinefor July delivery fell 11 cents $2.48 a gallon. July heating oil fell 5 cents to $2.31 a gallon. July natural gas rose 2 cents to $2.27 per 1,000 cubic feet.
Nasdaq ends up over 1% as stocks rally ahead of inflation data, Fed decision
U.S. stocks powered higher on Monday for the third straight day...
U.S. stocks powered higher on Monday for the third straight day as both the S&P 500 and Nasdaq Composite posted their highest closing levels since April 21, 2022.All three major U.S. equity indexes rose as stocks built on their gains following the S&P 500’s exit from bear-market territory late last week. Meanwhile, investors were looking ahead to Tuesday’s consumer-price inflation data and a Federal Reserve decision on interest rates due on Wednesday. The S&P 500 SPX, +0.93% gained 40.15 points, or 0.9%, to 4,339.01. The Nasdaq CompositeCOMP, +1.53% rose by 202.78 points, or 1.5%, to 13,461.92. The Dow Jones Industrial AverageDJIA, +0.56% increased by 189.55 points, or 0.6%, to 34,066.33.
