Rachel Adams-Heard – Bloomberg – Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the...
Simon Flowers – Forbes – Buying oil and gas assets in a downturn – it’s been a golden opportunity that’s been readily...
Denver Business Journal – Colorado is approving less than half the number of oil and gas well locations and new drilling permits...
By Liz Hampton – Reuters —The companies that provide sand for hydraulic fracturing operations are the latest casualties of shale industry cutbacks...
The Wall Street Journal – After pushing U.S. oil and natural-gas shale production to record levels, some shale companies are doing the...
Yahoo Finance—A few high-profile shale executives say the glory days of shale drilling are over. In a round of earnings calls, the...
Sergio Chapa – Houston Chronicle – At first, there were not enough pipelines to move oil and natural gas to market. Then,...
BY JENNIFER WARREN | D Magazine—America has been on the forefront of an oil and gas revolution for nearly two decades, owing to...
By Suzanne Edwards, Natural Gas Intel ~ Oklahoma City, OK-based Continental Resources Inc. turned in a third-quarter earnings report that beat expectations...
Houston Chronicle – Stephen Chazen believes Wall Street’s recent push for U.S. shale drillers to return cash to shareholders isn’t meant to...
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...
Have your oil & gas questions answered by industry experts.