OklahomaMinerals.com

Snippets

• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery fell 62 cents to $88.75 a barrel Friday. Brent crude for December delivery fell 22 cents to $92.16 a barrel.
  
  Wholesale gasoline for November delivery rose 1 cent to $2.37 a gallon. November heating oil fell 1 cent to $3.16 a gallon. November natural gas fell 6 cents to $2.90 per 1,000 cubic feet.
  
  
  Read More
• Dow books worst week in a month, U.S. stocks close lower after a weekly rise in Treasury yields and oil prices
  U.S. stocks ended down on Friday, booking their worst week in...
  U.S. stocks ended down on Friday, booking their worst week in a month after a rise in Treasury yields as well as higher oil prices amid worries over the war in the Middle East.
  

  
  
  • The Dow Jones Industrial Average DJIA fell 286.89 points, or 0.9%, to close at 33,127.28.
  
  
  • The S&P 500 SPX shed 53.84 points, or 1.3%, to finish at 4,224.16.
  
  
  • The Nasdaq Composite COMP dropped 202.37 points, or 1.5%, to end at 12,983.81.
  
  

  
  For the week, the Dow fell 1.6%, the S&P 500 declined 2.4% and the Nasdaq sank 3.2%. The tech-heavy Nasdaq logged back-to-back weekly losses, while the S&P 500 snapped two straight weeks of gains, according to Dow Jones Market Data. All three benchmarks booked their largest percentage weekly drops since the week ending Sept. 22.
  Read More
• Active hurricane season has minimal impact on US oil, gas
  Despite above-average hurricane activity so far this year,...
  Despite above-average hurricane activity so far this year, US Gulf of Mexico oil and natural gas operations have remained largely unscathed, although caution is still advised until the official end of the Atlantic hurricane season on Nov. 30. The industry's most significant disruption this year was a brief, one-day interruption of operations at three Corpus Christi, Texas, refineries during Tropical Storm Harold.
  Read More
• Vital Energy doubles down on Permian after $2B spree
  Having invested almost $2 billion in Permian Basin-focused...
  Having invested almost $2 billion in Permian Basin-focused acquisitions this year, Vital Energy is ready for further expansion and sees promise in the Delaware Basin, according to President and CEO Jason Pigot. The company's main objectives include growing its oil weighting from 50% to 55% and increasing its drilling inventory.
  Read More
• EIA sees upward trajectory for US gas production
  The Energy Information Administration expects the ...
  The Energy Information Administration expects the Permian Basin to drive US-marketed natural gas production higher in the coming years, with projections indicating a 5% growth in 2023 and an additional 2% increase in 2024. In the Permian alone, associated gas production is forecast to rise by 11% in 2023 and 6% in 2024 as well productivity improves and strong oil prices boost drilling activity.
  Read More

• Prev
• Next