Reuters – Range Resources Corp said on Wednesday it expects a significant charge in the fourth quarter related to its oil and...
Adrian Hedden – Carlsbad Current-Argus – A multi-mile conveyor belt system could bring frac sand from West Texas into southeast New Mexico,...
Christopher Helman – Forbes —It has been a miraculous decade for American Oil and Gas. Thanks to their enterprising innovations in directional...
HOUSTON (Reuters) – Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer...
New Mexico In Depth – Seated on the floor of First Christian Church on a recent Sunday morning, Pastor Dave Rogers pierces...
SMILEY, Texas (Reuters) – At a dusty drilling site east of San Antonio, shale producer EOG Resources Inc recently completed its latest...
Dallas Morning News – America’s top shale field, the Permian Basin is becoming increasingly gassy as drilling slows down, undercutting profits for...
S&P Global Platts – Brandon Evans – Continued production in Oklahoma’s SCOOP-STACK demonstrates how tracking rig count to determine production swings has...
(Bloomberg) — Global oil markets notched up a number of milestones this year that echoed the story of the past decade: the...
KEY POINTS In the past decade, U.S. oil production has grown dramatically, leapfrogging Saudi Arabia and Russia, but with that quick growth...
The Dow Jones Industrial Average fell 234.21 points, or 0.6%, ending at 38,763.45.
The S&P 500 shed 40.53 points, or 0.8%, closing at 5,199.50.
The Nasdaq Composite dropped 171.05 points, or 1.1%, finishing at 16,195.81.
It has been the worst five-day start to a month for both the Dow and the S&P 500 since January 2016, according to Dow Jones Market Data.
The selloff in U.S. equities resumed despite a sharp rebound for Japanese stocks, with the Nikkei 225 up 1.2% on Wednesday.
According to Informa Global Markets, U.S. capital markets were also opening back up, with Facebook parent Meta Platforms Inc. leading a pack of investment-grade companies that borrowed $31.8 billion on Wednesday alone.
Underground stocks finished the last full week of July at 3,249 Bcf, or 16% above the five-year average, according to the U.S. Energy Information Administration (EIA). There are 14 more weekly government storage reports left for this injection season, including Thursday’s EIA report, for which NGI has modeled a 30 Bcf build.
“On the bull side, you can see that injections have been lean,” veteran gas analyst Thomas Saal said. Market jitters usually appear when inventory scenarios approach the 4,000 Bcf level. “At the rate we're going now, if we put 20 Bcf to 30 Bcf in weekly for the rest of the season, we're not going to have to worry about it.”
The EIA Natural Gas Storage Dashboard has additional updates on storage market conditions.
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...
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