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• Vital Energy adds West Texas wells in $78 million acquisition
  Tulsa’s Vital Energy, Inc. made another expansion...

  Tulsa’s Vital Energy, Inc. made another expansion of its Permian Basin holdings with a $78 million acquisition of producing wells from Midland, Texas operator Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC.

  
  

  The purchase increases Vital Energy’s working interest in 54 producing, low-decline wells by an average of 67%, increasing the Company’s estimated 2024 production by approximately 1,850 BOE/d (51% oil) and estimated 2024 Free Cash Flow by approximately $25 million.

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• Country singer Toby Keith dies at 62
  A sad day for Oklahoma, as it was announced that country...

  A sad day for Oklahoma, as it was announced that country music icon Toby Keith has died, his official website and social media accounts said early Tuesday, 18 months after he revealed he had stomach cancer.  He was 62.

  
  

  The "Should've Been a Cowboy" singer died Monday night surrounded by his family, a short statement said. "He fought his fight with grace and courage," it added.

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• ☕️What Else is Brewing This Morning
  King Charles III was diagnosed with cancer. The 75-year-old British monarch was undergoing...
  King Charles III was diagnosed with cancer. The 75-year-old British monarch was undergoing a procedure for benign prostate enlargement when doctors noted a “separate issue of concern,” according to a statement from Buckingham Palace, which did not specify the type or stage of cancer that was found. The palace added that King Charles would postpone his public appearances while he began treatment. The diagnosis comes just a few weeks after the Princess of Wales, Kate Middleton, was hospitalized for a planned abdominal surgery. The string of royal health issues has left the House of Windsor shorthanded for its public duties across the UK.
  
  Christian Horner, the head of Red Bull’s Formula 1 team, is under independent investigation over allegations of inappropriate behavior, which he denied.
  
  Egypt’s Suez Canal revenue was cut nearly in half last month as a result of Houthi militants’ attacks on ships in the Red Sea.
  
  Kobold Metals, a mining company backed by Jeff Bezos and Bill Gates, said it discovered a huge copper deposit in Zambia.
  
  Explicit AI-generated deepfakes of Taylor Swift originated from the controversial internet forum 4chan, according to a new report.
  
  Wegovy-maker Novo Nordisk closed a $16.5 billion acquisition of manufacturer Catalent to drastically boost production of its popular obesity medication.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for March delivery ...
  Benchmark U.S. crude oil for March delivery rose 50 cents to $72.78 per barrel Monday. Brent crude for April delivery rose 66 cents to $77.99 per barrel.
  
  Wholesale gasoline for March delivery rose 6 cents to $2.21 a gallon. March heating oil rose 6 cents to $2.72 a gallon. March natural gas was unchanged at $2.08 per 1,000 cubic feet.
  
  
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• Dow ends over 270 points lower as Fed’s Powell reiterates no rush to cut rates
  U.S. stocks ended lower on Monday after Federal Reserve Chair Jerome Powell over the weekend reiterated...
  U.S. stocks ended lower on Monday after Federal Reserve Chair Jerome Powell over the weekend reiterated in a television interview that the central bank will take its time in delivering interest-rate cuts.
  
  Investors also weighed earnings, including results from Dow components Caterpillar Inc. CAT, +2.00% and McDonald’s Corp. MCD, -3.73%, after big-tech earnings drove a stock-market rally last week.
  

  
  
  The Dow Jones Industrial Average DJIA fell 274.30 points, or 0.7%, to end at 38380.12, according to closing data from Dow Jones Market Data.
  
  The S&P 500 SPX declined 15.80 points, or 0.3%, to finish at 4942.81.
  
  The Nasdaq Composite COMP went down 31.28 points, or 0.2%, to 15597.68.
  
  
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