By Rob Ruth – The Argus Observer – – PAYETTE COUNTY — A class action suit filed in Payette County challenges gas...
In the last two months of 2018, the U.S. Gulf Coast exported more crude oil than it imported. Monthly net trade of...
U.S. natural gas production rose 11% or by 10 billion cubic feet per day in 2018, from 2017, and the growth was...
NEW YORK/HOUSTON (Reuters) – Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading...
ALBUQUERQUE JOURNAL – Southeastern New Mexico is riding a monster wave of oil production, with output flooding into a record of nearly...
OKLAHOMA CITY, March 11, 2019 /PRNewswire/ — Red Wolf Natural Resources, LLC (“Red Wolf”), a newly formed upstream oil and gas exploration and production company,...
Many division order analysts are squeamish about working Oklahoma as a geographic area. This is because Oklahoma is unique in its royalty...
A New York-based hedge fund manager said Wednesday Gulfport Energy’s plan to repurchase $400 million of stock was just one of several...
LONDON (Bloomberg) — BP Plc’s sale of a portfolio of U.S. onshore shale assets worth a combined $7 billion is progressing, with...
Reuters – Exxon Mobil Corp. on March 5 estimated production at its top U.S. shale field would rise to 1 million barrels...
U.S. stock indexes finished lower on Tuesday. The S&P 500 and the Nasdaq Composite snapped a multisession rally after equities bounced back from a steep selloff earlier this month.
The S&P 500 was off 11.13 points, or 0.2%, to end at 5,597.12. The Nasdaq Composite fell 59.83 points, or 0.3%, to finish at 17,816.94.
Tuesday’s declines ended the eight-day winning streaks for the S&P 500 and Nasdaq. According to Dow Jones Market Data, the modest selloff also interrupted the S&P 500's longest winning streak in 20 years.
The Dow Jones Industrial Average lost 61.56 points, or less than 0.2%, to end at 40,834.97. According to FactSet data, the blue-chip index broke its five-session winning streak on Tuesday.
Markets will focus on Wednesday's release of payroll revisions and the Federal Open Market Committee's July meeting minutes, followed by jobless claims on Thursday and Chair Jerome Powell's remarks at the Jackson Hole Economic Symposium on Friday.
Quantum Capital Group has acquired Caerus Oil and Gas for about $1.8 billion, including liabilities.
Houston, Texas-based Quantum announced the deal's closing in a statement on Monday. Bloomberg News reported in June that Quantum would buy the Rocky Mountain oil and gas company. It’s doing the deal through portfolio companies QB Energy and Koda Resources.
QB Energy is acquiring Caerus's producing upstream assets, gathering and compression midstream assets, and all other assets in the Piceance Basin. Koda is taking a similar set of assets in the Uinta basin.
“The Piceance assets represent the largest single asset base atop the second largest gas resource in the continental U.S.,” Roger Biemans, chief executive officer of QB Energy, said in a statement.
Caerus is backed by Oaktree Capital Management, Anschutz Investment Co., and Old Ironsides Energy. This deal is a relatively rare example of a so-called secondary buyout in U.S. oil and gas, where corporate buyers have typically acquired private equity-backed assets.
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.