By: Valerie Volcovici and Nichola Groom – Reuters – The Biden administration on Tuesday unveiled a plan to slash emissions of the...
Denver-based natural gas company Antero Resources is letting all of its hedging contracts expire due to its confidence that higher oil and...
By: Pippa Stevens – CNBC – Chevron said Friday that it generated the highest free cash flow on record during the third quarter...
By: Bloomberg News – The culprit behind the latest jump in oil prices isn’t soaring natural gas prices or even OPEC+’s limits...
What is ESG and why should I care? ESG is a back door way of choking capital to the energy sector. Its...
By: Gerson Freitas Jr. – Pittsburgh Post-Gazette – U.S. natural gas prices soared the most in more than a year, erasing much...
By: Noah Browning – Reuters – Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply...
By: Bob Woods – CNBC – As energy sector demand roars back and commodities market pundits talk about the return of $100...
By: David Blackmon – Forbes – On April 20, 2020, during the depths of the COVID-19 pandemic, the price for a barrel...
By: Jarrett Renshaw – Reuters – The White House has been speaking with U.S. oil and gas producers in recent days about...
U.S. stock indexes finished lower on Tuesday. The S&P 500 and the Nasdaq Composite snapped a multisession rally after equities bounced back from a steep selloff earlier this month.
The S&P 500 was off 11.13 points, or 0.2%, to end at 5,597.12. The Nasdaq Composite fell 59.83 points, or 0.3%, to finish at 17,816.94.
Tuesday’s declines ended the eight-day winning streaks for the S&P 500 and Nasdaq. According to Dow Jones Market Data, the modest selloff also interrupted the S&P 500's longest winning streak in 20 years.
The Dow Jones Industrial Average lost 61.56 points, or less than 0.2%, to end at 40,834.97. According to FactSet data, the blue-chip index broke its five-session winning streak on Tuesday.
Markets will focus on Wednesday's release of payroll revisions and the Federal Open Market Committee's July meeting minutes, followed by jobless claims on Thursday and Chair Jerome Powell's remarks at the Jackson Hole Economic Symposium on Friday.
Quantum Capital Group has acquired Caerus Oil and Gas for about $1.8 billion, including liabilities.
Houston, Texas-based Quantum announced the deal's closing in a statement on Monday. Bloomberg News reported in June that Quantum would buy the Rocky Mountain oil and gas company. It’s doing the deal through portfolio companies QB Energy and Koda Resources.
QB Energy is acquiring Caerus's producing upstream assets, gathering and compression midstream assets, and all other assets in the Piceance Basin. Koda is taking a similar set of assets in the Uinta basin.
“The Piceance assets represent the largest single asset base atop the second largest gas resource in the continental U.S.,” Roger Biemans, chief executive officer of QB Energy, said in a statement.
Caerus is backed by Oaktree Capital Management, Anschutz Investment Co., and Old Ironsides Energy. This deal is a relatively rare example of a so-called secondary buyout in U.S. oil and gas, where corporate buyers have typically acquired private equity-backed assets.
A small group of California Republicans has introduced several bills ahead of a special...
By Lucia Kassai and Devika Krishna Kumar |Bloomberg)– Oil storage tanks at a key US...
A Spanish infrastructure company, Redexis, has reached a significant milestone for Spain’s energy industry....
Landowners in Arkansas are calling on the Arkansas Oil and Gas Commission to reject...
Story By Jonathan Leake | The Telegraph | Analysts have warned that Labour’s tax...
A federal judge has hit the pause button on new oil and gas drilling...
Story By Andreas Exarheas |Rigzone.com| The U.S. Energy Information Administration’s (EIA) latest gasoline and...
By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
Helium is the second most abundant element in the universe after hydrogen. It is a...
Have your oil & gas questions answered by industry experts.