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.
Netflix is turning former department stores into entertainment...
Netflix is turning former department stores into entertainment centers. The empty space that used to be a Sears at your local mall could soon turn into a spot to hang out with the Demogorgon from Stranger Things. The streaming company announced yesterday that it’s opening two 100,000+ square-foot entertainment venues—one at the King of Prussia Mall in Pennsylvania and the other at Galleria Dallas in Texas. It’s Netflix’s latest (and biggest) foray into live experiences, which are less about generating revenue directly and more geared toward drumming up fan interest in its content. Each “Netflix House” will have food, drinks, exclusive merch, and more.
Team USA revealed its Ralph Lauren uniforms for the opening and closing ceremonies of the Olympics—and they include denim.
Vladimir Putin met with Kim Jong Un on the Russian dictator’s first trip to North Korea in 24 years.
Justin Timberlake was arrested in the Hamptons and charged with driving while intoxicated.
Thailand will become the first Southeast Asian country to legalize same-sex marriage.
A mysterious monolith appeared in the Las Vegas desert in either further evidence that aliens walk among us or one human’s desperate attempt to go viral.
Willie Mays, Baseball’s Electrifying Player of Power and Grace, Is Dead at 93
Willie Mays, the spirited center fielder whose brilliance at the plate,...
Willie Mays, the spirited center fielder whose brilliance at the plate, in the field and on the basepaths for the Giants led many to call him the greatest all-around player in baseball history, died on Tuesday in Palo Alto, Calif. He was 93.
