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• 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.
  
  
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• ☕️What Else is Brewing Wednesday Morning
  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.
  
  The Los Angeles Unified School District voted to ban cellphones in schools for the entire day, becoming the largest US school district to do so.
  
  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.
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• 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.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for July delivery ...
  Benchmark U.S. crude oil for July delivery rose $1.24 to $81.57 per barrel Tuesday. Brent crude for August delivery rose $1.08 to $85.33 per barrel.
  
  Wholesale gasoline for July delivery rose 3 cents to $2.48 a gallon. July heating oil rose 4 cents to $2.52 a gallon. July natural gas rose 12 cents to $2.91 per 1,000 cubic feet.
  
  
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• Nasdaq, S&P 500 bag new records
  U.S. stocks finished higher on Tuesday, as the S&P 500 and the Nasdaq...
  U.S. stocks finished higher on Tuesday, as the S&P 500 and the Nasdaq Composite set fresh records ahead of Wednesday's Juneteenth observance.
  
  Nvidia Corp. stock surged 3.5%, making the AI chipmaker the world's most valuable company by market capitalization, eclipsing megacap tech companies Microsoft Corp. and Apple Inc.
  
  The S&P 500 was up 0.3%, to finish around 5,487. According to preliminary data from FactSet, it was the 31st record close for the large-cap benchmark index so far in 2024.
  
  The Nasdaq Composite ended flat at around 17,862, notching its 20th all-time closing high for the year. The index also rose for seven consecutive trading days, booking its longest win streak since December.
  
  The Dow Jones Industrial Average rose 0.2%, ending near 38,834.
  
  U.S. stocks spent most of the Tuesday session wavering between gains and losses after May retail sales data showed consumers have been more cautious about spending amid elevated inflation and high interest rates.
  
  The New York Stock Exchange and the Nasdaq are closed on Wednesday, June 19, to commemorate the ending of slavery in the United States, as are U.S. bond markets.
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