Good morning. Today is the first day of summer in the Northern Hemisphere, or as Neil...
Good morning. Today is the first day of summer in the Northern Hemisphere, or as Neil deGrasse Tyson would call it, the summer solstice.It’s also the longest day of the year.
Ilya Sutskever, OpenAI’s former chief scientist who left the company after raising safety concerns, has started his own AI business and not so subtly named it Safe Superintelligence.
Mortgage rates fell below 7% last week to their lowest level since March, but this didn’t spur much extra demand.
Houthi rebels appear to have sunk a Greek ship off the coast of Yemen. Concerns of a wider regional conflict in the Middle East were also stoked when Israel said Tuesday its military had approved an offensive against Lebanon after Hezbollah released video from surveillance drones taken inside Israel.
Hundreds of people died during the Hajj pilgrimage this year amidst a heat wave in Saudi Arabia.
Stonehenge was spray-painted orange by climate protesters from Just Stop Oil yesterday in advance of a massive gathering there for the summer solstice.
Air-conditioning bills are expected to soar this summer, but there are...
Air-conditioning bills are expected to soar this summer, but there are steps consumers can take to control them — and the faster they act, the better, experts say.
According to new projections from the National Energy Assistance Directors Association and the Center for Energy Poverty and Climate, the average cost to cool a home in the U.S. from June through September is expected to be $719 this year, up from $661 last year.
Electricity rates have been climbing. The average price per kilowatt hour in May was 17.5 cents, the highest ever recorded in BLS data going back to 1978.
U.S. mortgage rates drop to the lowest level in two months
The numbers: Mortgage rates fell for the second week...
The numbers: Mortgage rates fell for the second week in a row despite data indicating that inflation in the U.S. economy was softening. The 30-year mortgage fell to its lowest rate since March.
The decrease in rates caused the market composite index — a measure of mortgage application volume — to inch up in the past week, according to the Mortgage Bankers Association (MBA) on Wednesday.
The market index rose 0.9% to 210.4 for the week ending June 14, up from 209.8 a year ago.
Key details: The purchase index—which measures mortgage applications for buying a home—rose 1.6% from the previous week.
E&P companies explore refracturing for Eagle Ford, Bakken
Exploration and production companies are leveraging refracturing techniques...
Exploration and production companies are leveraging refracturing techniques to increase production in the Eagle Ford and Bakken regions, as discussed at the URTeC conference. "Redevelopment is a bit of an umbrella term for refracs, infill drills, drill-overs and stacks," Ryan Hill, principal analyst at Enverus Intelligence Research. "But all of them come around on executing on under-completed and high-quality rock that has been left behind while operators have been going after standard inventory programs."
Shale Gas Basins See Exploration, Step-out Activity
Although natural gas producer Chesapeake Energy...
Although natural gas producer Chesapeake Energy is wading through a prolonged downcycle of low commodity prices, it sees an upside on the horizon.
Growing domestic gas demand to fuel U.S. LNG exports and artificial intelligence (AI) data center consumption are two factors driving Chesapeake’s bullish outlook, Executive Vice President and COO Josh Viets said during the 2024 Unconventional Resources Technology Conference (URTeC) in Houston.
Oklahoma City-based Chesapeake believes that the U.S. natural gas market “will be extremely constructive” heading into 2025 and beyond.
