OklahomaMinerals.com

Snippets

• Wildcatter Herbert Hunt, 95, Passes Away
  The founder of top 10 U.S. privately-held petroleum producer Petro-Hunt...
  The founder of top 10 U.S. privately-held petroleum producer Petro-Hunt LLC, William Herbert Hunt, passed away on April 9. He was 95.
  
  A son of East Texas oil wildcatter H.L. Hunt, he grew his Dallas-brd Petro-Hunt to operations globally and across the U.S., including in the Permian, Williston and Powder River basins and in the Eagle Ford Shale.
  
  Domestically and globally, Petro-Hunt was instrumental in some of the largest oil discoveries in the world. In 1961, Hunt and his brother Nelson Bunker Hunt discovered the Sarir Field in Libya, one of the largest oil fields onshore Africa.
  
  Later, the family opened the North Sea with Placid Oil’s discovery in the 1970s on Block L 10/11.
  
  Obituary HERE
  Read More
• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose 64 cents to $85.66 per barrel Friday. Brent crude for June delivery rose 71 cents to $90.45 per barrel.
  
  Wholesale gasoline for May delivery rose 3 cents to $2.80 a gallon. May heating oil rose 3 cents to $2.69 a gallon. May natural gas rose 1 cent to $1.77 per 1,000 cubic feet.
  
  
  Read More
• Dow books biggest weekly loss since March 2023 as stocks slide on Mideast fears
  U.S. stocks ended sharply lower Friday, with the Dow Jones Industrial...
  U.S. stocks ended sharply lower Friday, with the Dow Jones Industrial Average booking a large weekly loss on investor anxiety over inflation and geopolitical tensions in the Middle East.
  
  The Dow Jones Index dropped 475.84 points, or 1.2%, to close at 37,983.24.
  
  The S&P 500 fell 75.65 points, or 1.5%, to finish at 5,123.41
  
  The Nasdaq Composite lost 267.10 points, or 1.6%, to end at 16, 175.09.
  
  For the week, the Dow sank 2.4%, the S&P 500 slid 1.6% and the Nasdaq declined 0.5%. The Dow suffered its biggest weekly percentage loss since March 2023, while the S&P 500 saw it worst week since October, according to Dow Jones Market Data.
  Read More
• JPMorgan and Wells Fargo beat consensus estimates but stocks still fall
  JPMorgan Chase & Co. and Wells Fargo & Co. Inc.'s stocks fell...
  JPMorgan Chase & Co. and Wells Fargo & Co. Inc.'s stocks fell in premarket trade, even after both banks posted better-than-expected earnings for the first quarter.
  
  JPMorgan was last down 4%, while Wells Fargo was off by 1.8%.
  
  Investors are now awaiting numbers from Citigroup Inc. and updates on its latest restructuring plans. Citi's stock was down 0.4%.
  Read More
• Leadership shuffle announced at Mach Natural Resources
  The company announced in an...
  The company announced in an SEC filing that Daniel T. Reineke, Jr., Executive Vice President of Business Development plans to resign effective April 19.
  
  ” Mr. Reineke’s resignation was not a result of any disagreements with the Partnership or the General Partner or its officers or employees, and we thank him for his service,” stated the company in the filing.
  
  Reineke has been the Executive Vice President since Mach Natural Resources was founded in 2017. According to his resume, prior to joining the Company, he served as Chief Investment Officer for TLW Trading since 2013.
  
  Source: OK Energy Today
  Read More

• Prev
• Next