By: Adrian Hedden – Carlsbad Current-Argus – Earthstone Energy, a Texas-based oil and gas company bought about $600 million in lands in...
By: Aaron McDade – Newsweek – Officials from the Bureau of Land Management on Tuesday announced the approval of two solar energy...
By: Nilanjan Choudhury – Zacks – According to the U.S. Energy Information Administration’s (EIA) latest Drilling Productivity Report, oil output in the...
By: Derek Brower – Financial Times – The head of the largest US natural gas producer has said boosting American exports of...
By: Star Spencer – S&P Global Platts – The US oil and gas rig count jumped 16 to 716, energy analytics and...
By: Steve Lackmeyer – The Oklahoman – Harold Hamm announced Wednesday his personal foundation and Continental Resources are donating a combined $50...
By: Kurt Cobb – Resource Insights – Earth scientist David Hughes—who is out with a new skeptical report on the future of U.S....
By: Bloomberg – Pennsylvania is in the final stages of approving a new rule that would crack down on methane emissions from...
By: Reuters – Attempts to cut investment in oil and gas to combat climate change are “midguided,” OPEC Secretary General Mohammad Barkindo...
By: Garrett Hering – S&P Global Platts – Touting a series of unprecedented power grid reforms, additions of new generating facilities, and...
The Federal Reserve on Thursday voted to cut its benchmark interest rate by quarter-percentage point to a range of 4.5%-4.75%. The move follows an outsized half-point cut in September.
The Fed is reducing rates to protect the labor market while keeping inflation on a cooling trend. In a statement, the Fed said it would assess the economic data when considering future easing.
Uncertainty over the path of Fed policy has risen since President-elect Donald Trump's victory on Tuesday.
Traders in the federal funds futures market now see a 33% chance of a pause at the Fed's next meeting in mid-December. Before Election Day, the odds were much smaller.
Diamondback Energy, the largest independent oil and gas producer in the Permian Basin, has warned that the U.S. shale industry may be repeating past mistakes of unsustainable growth. The company plans to limit its own output growth to 2% next year, emphasizing the need for financial discipline over aggressive production expansion.
Diamondback's CFO, Kaesa Van't Hof, cautioned that other companies' focus on lowering break-even costs to justify growth has "gotten this industry in trouble in the past" and may be leading the industry back down a problematic path. The broader shale sector is closely monitored, as rising U.S. production has put pressure on OPEC, leading the cartel to delay a planned production increase. Some producers, such as Matador Resources and ConocoPhillips, have already raised their production guidance, but Diamondback aims to prioritize free cash flow over capital expenditure growth.
The U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 1. EIA HERE
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By Kaanita Iyer, CNN |President-elect Donald Trump has chosen North Dakota Gov. Doug Burgum to...
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