Dom DiFurio, Dallas Morning News – Pioneer Natural Resources laid off 230 employees Tuesday as the Irving-based driller works to cut $100...
Red Wolf Natural Resources, LLC (“Red Wolf”), a newly formed oil and gas exploration and production company, today announced it has acquired...
Over 10 years ago, in 2008, the natural gas-heavy San Juan, centered around the town of Farmington, was the hot oil and...
Michel Thomas Halbouty (21 June 1909 in Beaumont, Texas – 6 November 2004 in Houston, Texas) was an American geologist, petroleum engineer, and wildcatter. Credited with discovering more than...
NEW YORK (Reuters) – U.S. oil output from seven major shale formations is expected to rise by about 83,000 barrels per day...
Stay updated on oil and gas stories, prices and the weekly rig count. Sign up for our Weekly Newsletter HERE. US rig...
Affidavits of Death and Heirship – Statutory Requirements for Marketability By: Jordan D. Volino, Esq. and J. David Hampton, B.A., J.D. During the...
Chevron said Thursday it will not submit a new offer to acquire Anadarko Petroleum, walking away from the deal after Occidental Petroleum pulled ahead in a...
Oklahoma City-based Continental Resources filed a petition on May 1st, in District Court in Oklahoma County, alleging that multiple defendants and former...
The number of drilled but uncompleted wells in the United States continues to climb Source: U.S. Energy Information Administration, Drilling Productivity Report The number...
U.S. stocks ended higher on Monday, building on last week's gains.
According to Dow Jones Market Data, the Dow Jones Industrial Average climbed 236.77 points, or 0.6%, to end at 40,896.53 for its fifth straight daily gain.
The S&P 500 gained 54.00 points, or 1%, to 5,608.25 for its eighth straight daily gain — logging its longest winning streak since November 8, 2023, when the market rose for eight straight trading days. The index also notched its largest eight-day percentage gain since March 24, 2022.
The Nasdaq Composite rose 245.05 points, or 1.4%, to finish at 17,876.77 for its eighth straight daily gain — recording its longest winning streak since December 19, 2023, when the market rose for nine straight trading days. The index also exited correction territory on Monday after only 11 trading days, the shortest correction for the index since the one ending October 11, 2011, which lasted six trading days.
Based on data since 1971, the Nasdaq Composite saw an average gain of 0.3% in the week after exiting correction territory and an average rise of 23.6% one year after such a move.
Market watchers widely expect Federal Reserve Chair Jerome Powell to set the tone for a September interest-rate cut in his speech at the Kansas City Fed’s annual Jackson Hole Economic Symposium on Friday.
However, if the speech goes differently, it could threaten the stock market’s recent bounce.
Powell is due to speak on the economic outlook at 10 a.m. Eastern time, following a precedent where Fed chairs almost always give a keynote speech during the high-profile annual gathering that regularly attracts top U.S. and global central bankers. The event runs from Aug. 22 to 24 in Grand Teton National Park in Wyoming.
Helium is the second most abundant element in the universe after hydrogen. It is a...
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...
A small group of California Republicans has introduced several bills ahead of a special...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
Have your oil & gas questions answered by industry experts.