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6ExplorationBrigham Minerals gearing up for IPO
Bud Brigham, who has sold two oil companies this decade for a combined $6.8 billion, is involved in a new venture. He...
7ExplorationSuit alleges Alta Mesa underpays gas royalties
PAYETTE COUNTY — A class action suit filed in Payette County challenges gas producer Alta Mesa’s methods for figuring royalty payments. The...
71ProductionThe U.S. Gulf Coast became a net exporter of crude oil in late 2018
In the last two months of 2018, the U.S. Gulf Coast exported more crude oil than it imported. Monthly net trade of...
117ProductionOccidental emerges as heavy hitter in U.S. oil export boom
NEW YORK/HOUSTON (Reuters) – Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading...
37ProductionNM oil production hit record high in 2018
ALBUQUERQUE JOURNAL – Southeastern New Mexico is riding a monster wave of oil production, with output flooding into a record of nearly...
66Oil & Gas NewsRed Wolf Natural Resources Announces Partnership With Pearl Energy Investments
OKLAHOMA CITY, March 11, 2019 /PRNewswire/ — Red Wolf Natural Resources, LLC (“Red Wolf”), a newly formed upstream oil and gas exploration and production company,...
90ProductionPooled Unit Gas Royalties in Oklahoma
Many division order analysts are squeamish about working Oklahoma as a geographic area. This is because Oklahoma is unique in its royalty...
134InvestingFirefly sets goals for Gulfport to avoid proxy fight
A New York-based hedge fund manager said Wednesday Gulfport Energy’s plan to repurchase $400 million of stock was just one of several...
199ExplorationBidders said to emerge in BP’s $7 billion U.S. shale asset sale
LONDON (Bloomberg) — BP Plc’s sale of a portfolio of U.S. onshore shale assets worth a combined $7 billion is progressing, with...
102ProductionExxon Mobil Raises Output Target For Permian Basin
Reuters – Exxon Mobil Corp. on March 5 estimated production at its top U.S. shale field would rise to 1 million barrels...
Snippets
- Shale driller's shares tumble on news of possible saleNews that Permian Basin producer Legacy Reserves is reviewing strategic options, including a full or...News that Permian Basin producer Legacy Reserves is reviewing strategic options, including a full or partial sale, triggered a stock sell-off that erased 56% of the company's market value on Thursday. It was the biggest intraday share price decline in over 10 years.Read More
Read Full Story - Anadarko Targeting New Wells in Loving County, TXThe Woodlands oil company Anadarko Petroleum is gearing up to drill eight new horizontal wells on state-owned...The Woodlands oil company Anadarko Petroleum is gearing up to drill eight new horizontal wells on state-owned lands in West Texas. The company is seeking permission to drill oil wells on four leases owned by University Lands in Loving County. All eight wells target the Phantom field of the Wolfcamp geological layer.Read More
- Tuesday's Closing Oil PricesU.S. oil prices pulled back from a four-month high Tuesday over concerns about the progress of U.S.-China...U.S. oil prices pulled back from a four-month high Tuesday over concerns about the progress of U.S.-China trade negotiations and as shale producers began hedging their output to lock in relatively high prices.Read More
West Texas Intermediate futures, the U.S. oil standard, ended 6 cents lower at $59.03 a barrel on the New York Mercantile Exchange. The decline came after prices ended Monday at $59.09, the highest closing price since Nov. 12.
International Brent crude futures climbed 7 cents to $67.61 per barrel. It traded as high as $68.22.
Oklahoma crude oil prices as of 5 p.m. Tuesday:
Oklahoma Sweet: Sunoco Inc. —$55.50
Oklahoma Sour: Sunoco Inc. —$43.50 - Diamondback seeks permission for Permian Basin wellsDiamondback Energy has asked the Railroad Commission of Texas for permission to drill 17 wells into geological...Diamondback Energy has asked the Railroad Commission of Texas for permission to drill 17 wells into geological layers in five Permian Basin counties. The company, which produced over 24.3 million oil barrels and over 42.4 billion cubic feet of natural gas last year, wants to target the Spraberry and Wolfcamp layers on state-owned lands.Read More
Read Full Story - Williams To Optimize Marcellus/Utica Midstream With $3.8 Billion JVWilliams (NYSE: WMB) unveiled plans on March 18 to optimize its midstream operations in the western Marcellus...Williams (NYSE: WMB) unveiled plans on March 18 to optimize its midstream operations in the western Marcellus and Utica basins through a $3.8 billion joint venture (JV) with Canada Pension Plan Investment Board (CPPIB). The JV will include Williams’ 100% owned Ohio Valley Midstream system (OVM) and 100% of Utica East Ohio Midstream system (UEO).Read More
MOST POPULAR
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199Exploration
Bidders said to emerge in BP’s $7 billion U.S. shale asset sale
LONDON (Bloomberg) — BP Plc’s sale of a portfolio of U.S. onshore shale assets...
-
134Investing
Firefly sets goals for Gulfport to avoid proxy fight
A New York-based hedge fund manager said Wednesday Gulfport Energy’s plan to repurchase $400...
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117Production
Occidental emerges as heavy hitter in U.S. oil export boom
NEW YORK/HOUSTON (Reuters) – Occidental Petroleum Corp has emerged as one of the biggest...
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90Production
Pooled Unit Gas Royalties in Oklahoma
Many division order analysts are squeamish about working Oklahoma as a geographic area. This...
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71Production
The U.S. Gulf Coast became a net exporter of crude oil in late 2018
In the last two months of 2018, the U.S. Gulf Coast exported more crude...
-
66Oil & Gas News
Red Wolf Natural Resources Announces Partnership With Pearl Energy Investments
OKLAHOMA CITY, March 11, 2019 /PRNewswire/ — Red Wolf Natural Resources, LLC (“Red Wolf”), a newly formed...
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51ProductionNatural gas production reaches record levels again
U.S. natural gas production rose 11% or by 10 billion cubic feet per day...
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37Production
NM oil production hit record high in 2018
ALBUQUERQUE JOURNAL – Southeastern New Mexico is riding a monster wave of oil production,...
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7Exploration
Suit alleges Alta Mesa underpays gas royalties
PAYETTE COUNTY — A class action suit filed in Payette County challenges gas producer...
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6Exploration
Brigham Minerals gearing up for IPO
Bud Brigham, who has sold two oil companies this decade for a combined $6.8...
