OklahomaMinerals.com

Snippets

• Dow, S&P 500 and Nasdaq all close lower as investors await Fed’s rate decision
  U.S. stocks finished mostly lower on Tuesday afternoon,...

  U.S. stocks finished mostly lower on Tuesday afternoon, as investors looked ahead to the conclusion of the Federal Reserve’s two-day policy meeting on Wednesday for decisions on interest rates and guidance on the future direction of monetary policy.

  
  

  The Dow Jones Industrial Average fell 125.55 points, or 0.3%, to end at 45,757.90, according to FactSet data.

  
  

  The S&P 500 was off 8.52 points, or 0.1%, to finish at 6,606.76.

  
  

  The Nasdaq Composite was down less than 0.1%, leaving it nearly flat, at 22,333.96.

  
  

  Fed-funds futures traders were pricing in a 96% likelihood of at least a quarter-point rate cut on Wednesday, according to the CME FedWatch Tool. But investors are laser-focused not just on the policy decision itself, but also on Fed Chair Jerome Powell’s press conference and the updated Summary of Economic Projections — also known as the “dot plot” — which will show where policymakers expect the federal-funds rate to be by the end of this year and in 2026.

  
  

  The Fed is expected to release its monetary-policy statement and economic projections at 2:00 p.m. Eastern time on Wednesday, followed by a press conference with Powell at 2:30 p.m.

  Read More
• Chord Buys Exxon Mobil's Williston Assets for $550MM
  Chord Energy is acquiring Williston Basin assets from Exxon...
  Chord Energy is acquiring Williston Basin assets from Exxon Mobil subsidiary XTO Energy for $550 million. Houston-based Chord, formed through the 2022 merger of Whiting Petroleum and Oasis Petroleum, has focused on developing the Bakken play.
  
  Chord will finance the acquisition with cash on hand and borrowings, the company said Sept. 15.
  
  The deal includes 48,000 net acres (86% operated working interest) in the Williston Basin core and 72 net operated 2-mile locations.
  
  “The acquired assets are in one of the best areas of the Williston Basin and have significant overlap with Chord's existing footprint, setting the stage for long-lateral development,” said Chord President and CEO Danny Brown.
  
  The deal is expected to close by the end of the year.
  
  Chord held approximately 1.3 million net acres in the Williston Basin as of the second quarter. Production averaged 275,000 boe/d (56% oil). Chord expects near-term production to average around 9,000 boe/d (78% oil).
  Read More
• Elon Musk buys $1b worth of Tesla shares
  The Tesla CEO is putting his money where his electric cars are, ...
  The Tesla CEO is putting his money where his electric cars are, buying 2.57 million shares, in a show of confidence in the company as its shareholders prepare to vote on a pay package that could make Musk the world’s first trillionaire. Investors and analysts cheered his first purchase of the stock in the open market since February 2020, sending the share price up 3.26% yesterday—putting it up 85% from its April low to erase its losses for the year. But Musk’s big potential payday also gained a notable detractor: Pope Leo criticized the disparity between worker and CEO salaries, specifically referencing Musk’s potential package and saying, “If that is the only thing that has value anymore, then we’re in big trouble.”
  Read More
• ☕️What Else is Brewing Tuesday Morning
  U.S. announces deadly strike on another alleged drug boat. President...
  U.S. announces deadly strike on another alleged drug boat. President Trump said on Truth Social that the military had killed three “male terrorists” in a strike on a boat allegedly carrying drugs from Venezuela in international waters. Tensions were already running high between the US and Venezuela after a previous strike two weeks ago killed 11 people on a boat that the US said was transporting drugs, allegedly with a connection to the Tren de Aragua gang. Venezuela and some scholars in the US had raised questions over whether that strike was legal, but with the second strike, the administration appeared to be doubling down on the aggressive strategy.
  
  The Fed’s interest rate vote is tomorrow, and a federal appeals court denied President Trump’s bid to remove Fed Governor Lisa Cook while she challenges her firing. Meanwhile, the Senate approved Trump’s choice of Stephen Miran for the post recently vacated by a different Fed governor who stepped down.
  
  Maurene Comey—a federal prosecutor involved in cases against Jeffrey Epstein and Ghislaine Maxwell and the daughter of former FBI head James Comey—sued the Justice Department yesterday over her firing. The suit claims she was terminated because of her perceived political views, or her connection to her father, or both.
  
  The US and Britain are expected to sign several nuclear energy deals when Trump is in the UK for a state visit this week.
  
  President Trump threatened to take over Washington, DC's police force again, saying its mayor won’t cooperate with immigration enforcement.
  
  Apple’s iOS update with its Liquid Glass design is now available for anyone with an iPhone 11 and up.
  Read More
• DAILY OIL PRICE: September 15, 2025
  Crude Oil: 63.30   (+0.61)....
  
  
  • Crude Oil: 63.30   (+0.61).
  
  
  • Nymex MTD AVG: 62.9973.
  
  
  • Natural Gas: 3.043   (+0.102).
  
  
  • Gasoline: 2.0134   (+0.0280).
  
  
  • Spreads: October/November (+0.28)     November/December (+0.26).
  
  
  • Plains WTI Posting: 59.78   (+0.61).
  
  

  
  Source: Odessa American
  
  
  Read More

• Prev
• Next