OklahomaMinerals.com

Snippets

• Shelly Lambertz Named Continental Resources’ Executive Chair
  Shelly Lambertz, part of Continental Resources’ namesake founding...
  Shelly Lambertz, part of Continental Resources’ namesake founding as Shelly Dean Oil, has been named the estimated $30 billion shale E&P’s executive chairman.
  
  Continental currently operates across the Lower 48, primarily in the Permian, Anadarko, Powder River and Williston basins, and recently signed a deal to explore in Turkey.
  
  Lambertz, who has been on Continental’s board since 2018, was executive vice president, chief culture, and administrative officer.
  
  She joined the E&P in 2018 and held the post of chief culture officer and senior vice president, human resources. Her roles also included responsibility for HSE, government relations, investor and public relations, and legal.
  
  She received her bachelor’s in business administration from Oklahoma State University.
  Read More
• Job openings declined in July and employers remain cautious, according to new data
  The Bureau of Labor Statistics released last month’s JOLTs data, which...
  The Bureau of Labor Statistics released last month’s JOLTs data, which tracks hiring, layoffs, and quits. The employers surveyed reported 7.2 million job openings, down from 7.4 million in June, but other key data points remained unchanged from the prior month. However, the decline in “help wanted” signs points to a softening labor market, which could influence the Federal Reserve’s rate-cut decision due later this month. “This job market is frozen and it’s difficult for anyone to get a job right now,” the chief economist of the Navy Federal Credit Union said of the findings.
  Read More
• ☕️What Else is Brewing Thursday Morning
  Amazon nixes Prime perk that let members share free shipping. The...
  Amazon nixes Prime perk that let members share free shipping. The company said its Prime Invitee program, which lets Prime members share free shipping benefits with people outside their household, is ending on Oct. 1. It’s encouraging the customers who benefited from it to get their own Prime subscriptions by offering them one for $14.99 for their first year (after that, it’s $139 annually). Amazon also encouraged current Prime members to check out Amazon Family, which lets them extend free shipping privileges, Prime Video, and other offerings to one adult, as well as teens and children, in their household.
  
  A funicular in Lisbon, Portugal, derailed, killing at least 15 and injuring at least 18 more.
  
  The Harvard funding freeze, which the Trump administration implemented to withhold $2.2 billion from the university, violated the First Amendment, according to a federal judge.
  
  The Philadelphia Eagles open the NFL season tonight as they host the Cowboys. Philly’s public transit system, SEPTA, is so snarled that the team advised fans to practice “consolidated” tailgating to make more parking available, and FanDuel brokered a public-private partnership to restore train service.
  
  ConocoPhillips said it would lay off up to 25% of its workforce by the end of the year, as the oil company seeks major cost reductions.
  
  Kim Ju Ae, the daughter of Kim Jong Un, traveled with him to Beijing, sparking speculation that she may become his successor.
  Read More
• DAILY OIL PRICE: September 3, 2025
  Crude Oil: 63.97   (-1.62)....
  
  
  • Crude Oil: 63.97   (-1.62).
  
  
  • Nymex MTD AVG: 64.5233.
  
  
  • Natural Gas: 3.064   (+0.055).
  
  
  • Gasoline: 2.0120   (-0.308).
  
  
  • Spreads: October/November (+0.40)     November/December (+0.33).
  
  
  • Plains WTI Posting: 60.45   (-1.62).
  
  

  
  From the Odessa American
  
  
  Read More
• Nasdaq, S&P 500 end higher on Big Tech rally, while Dow lags and closes lower
  Stocks ended mostly higher Wednesday, with the tech-heavy...

  Stocks ended mostly higher Wednesday, with the tech-heavy Nasdaq Composite scoring a strong gain and the S&P 500 buoyed by a big gain for Google parent Alphabet Inc., which avoided the worst-case antitrust remedies for its actions in the search market.

  
  

  The Dow Jones Industrial Average lagged, however, falling 24.58 points, or less than 0.1%, to close at 45,271.23, for its third straight loss.

  
  

  Alphabet shares ended 9% higher. Apple Inc. shares were also lifted, finishing with a gain of 3.8%. Under a revenue-sharing agreement, Google pays Apple an estimated $20 billion annually to make Google Search the default engine on its devices.

  
  

  A Job Openings and Labor Turnover Survey that showed a smaller-than-expected number of openings and showed the number of unemployed Americans exceeding the number of open positions for the first time since 2021 further solidified expectations the Federal Reserve will cut rates Sept. 17. It also provided some support for equities while putting pressure on long-term Treasury yields.

  
  

  Important data lies ahead, however, including ADP's take on private-sector payrolls for August on Thursday and the official jobs report due on Friday.

  Read More

• Prev
• Next