OklahomaMinerals.com

Snippets

• US shale producers lean into the promise of small nuclear
  Small nuclear reactors are attracting interest from US shale companies...
  Small nuclear reactors are attracting interest from US shale companies as potential sources of clean, reliable power for Permian Basin drilling operations. Advanced nuclear startup Oklo has reached a preliminary agreement to supply its reactors to Diamondback Energy and is engaged in similar discussions with other industry players, according to CEO Jacob Dewitte.
  Read More
• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose $1.44 to $85.15 per barrel Tuesday. Brent crude for June delivery rose $1.50 to $88.92 per barrel.
  
  Wholesale gasoline for May delivery rose 5 cents to $2.76 a gallon. May heating oil rose 8 cents to $2.71 a gallon. May natural gas rose 2 cents to $1.86 per 1,000 cubic feet.
  
  
  Read More
• U.S. stocks post worst day in a month, Treasury yields spike on rate-cut fears
  U.S. stocks finished lower in a volatile session on Tuesday, with the...
  U.S. stocks finished lower in a volatile session on Tuesday, with the three benchmark indexes suffering their worst day since early March after strong economic data and a rally in commodities spurred fears that the Federal Reserve may need to hold policy rates for longer than expected.
  
  The S&P 500 fell 37.96 points, or 0.7%, to end at 5,205.81.
  
  The Dow Jones Industrial Average was off 396.61 points, or 1%, to finish at 39,170.24. It was the largest one-day point and percentage decline since March 5, according to Dow Jones Market Data.
  
  The Nasdaq Composite slumped 156.38 points, or nearly 1%, ending at 16,240.45.
  
  Long-dated Treasury yields finished at their highest levels in more than four months on Tuesday. The yield on the 10-year Treasury rose 3.4 basis points to 4.363%, the highest since Nov. 27, based on 3 p.m. Eastern time figures from Dow Jones Market Data.
  Read More
• More senior notes offered by Tulsa oil and gas firm
  Tulsa’s Vital Energy announced Monday that it is offering another $100...
  Tulsa’s Vital Energy announced Monday that it is offering another $100 million in 7.875% senior notes due 2032 in a private placement to eligible purchasers.
  
  In the announcement, Vital stated that it intends to use the net proceeds from the offering, if completed, to repay or repurchase indebtedness.
  

   The senior notes will be senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by Vital Midstream Services, LLC, a subsidiary of the Company, and certain of its future subsidiaries.

  
  

  Vital had earlier offered and issued $800 million in 7.875% senior notes due 2032 which have substantially identical terms as the existing notes.

  Read More
• Google will destroy billions of records to settle a privacy lawsuit
  The search giant has ...
  The search giant has agreed to wipe data on millions of users’ browsing histories as part of a settlement resolving a class action filed in 2020 that claimed Chrome’s Incognito mode wasn’t nearly as incognito as users were led to believe. Google will also update its disclosures about what it tracks and let Incognito users block third-party cookies. The deal, which still requires a judge’s approval, doesn’t include damages for individual users, but attorneys who brought the case say it could be worth as much as $7.8 billion—and the settlement permits individuals to sue for their own damages.
  Read More

• Prev
• Next