By: Brandon Evans – S&P Global Platts – As Colorado’s 2,000-foot drilling setbacks go into effect, PDC Energy looks to become the...
By: Mella McEwen – Midland Reporter-Telegram – Navigating the pandemic last year was an incredible challenge for individuals and businesses alike. But...
By: Hannah Grover – The Farmington Daily Times – The San Juan Basin has gone through booms and busts before, but Jamie...
By: Allison Herrera – KOSU – The second day of confirmation hearings for U.S. Representative Deb Haaland concluded on Wednesday. Members of...
By: Jack Money – The Oklahoman – Oil and gas operators headquartered in Oklahoma continue adjusting their footprints as market and geopolitical...
By: Carolyn Davis – Natural Gas Intelligence – The Permian Basin will be the go-to target for Devon Energy Corp. this year,...
By: Joe Wallace – MarketWatch – The deep freeze that plunged Texas into darkness is rippling through energy markets in unexpected ways,...
By: Alex Lawler & Jennifer Hiller – Reuters – OPEC and U.S. oil companies see a limited rebound in shale oil supply...
By: Catherine Leffert – Dallas Business Journal – Tailwater Capital has announced several midstream acquisitions in the last month, utilizing a $1.1...
By: Paul O’Donnell and Kyle Arnold – The Dallas Morning News – Dallas-based pipeline giant Energy Transfer is acquiring an Oklahoma City...
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.
By Jonathan Saul | LONDON (Reuters) – At least 65 oil tankers have dropped...
Story by Andreas Exarheas| RigZone.com |. Oil market sentiment appears to have improved significantly...
Langford Energy Partners (LEP), a private oil and gas operator, has announced the purchase...
The U.S. energy industry recently experienced an extraordinary run of oil and gas mergers...
The Permian Basin continues to dominate the U.S. oil production landscape, while other maturing...
Texas set a series of new milestones in 2024 for its oil and natural...
Story by Bloomberg|Mia Gindis | Oil slipped from a five-month high as Hamas and Israel tentatively...
By JENNIFER McDERMOTT | AP | Chris Wright, President-elect Donald Trump’s pick for energy secretary, told...
Story By Sohrab Darabshaw | Via Metal Miner| U.S. President Donald Trump has not...
(Bloomberg) — Oil companies declined to bid in a US government auction for drilling...
Story by Andreas Exarheas| RigZone.com | Donald J. Trump issued a raft of energy orders...
The Biden administration on Friday unveiled its most extensive sanctions package yet against Russia’s...
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