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...
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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...
Ventana Exploration and Production II (VEP II) recently received a new round of equity capital from an affiliate of Starwood Capital Group...
By KEVIN D. WILLIAMSON – The National Review –The United States is producing beaucoup natural gas — you knew that. But do you...
(Reuters) – Pioneer Natural Resources Co beat Wall Street estimates for quarterly profit on Monday, and said it sold its Eagle Ford...
U.S. stocks closed higher on Friday but off the session's high, with the S&P 500 and Dow Jones Industrial Average logging back-to-back weekly losses ahead of the Nov. 5 presidential election.
Rising bond yields have been a concern in the run-up to the election, which remained too close to call on Friday and might take days or weeks to decide.
The Dow Jones Industrial Average gained 288.76 points, or 0.7%, ending at 42,052.19 on Friday
The S&P 500 advanced 23.55 points, or 0.4%, closing at 5,728.80
The Nasdaq Composite gained 144.77 points, or 0.8%, finishing at 18,239.92
For the week, the Dow shed 0.2%, while the S&P 500 fell 1.4%, its biggest weekly drop since Sept. 6, according to Dow Jones Industrial Average. Both indexes posted back-to-back weekly declines.
The Nasdaq fell 1.5% for the week, its biggest weekly loss since Sept. 6, while snapping seven straight weeks of gains.
ExxonMobil's third-quarter financial report showed mixed results. Net profits of $8.6 billion decreased 5.1% from the previous year, primarily due to weaker refining margins. However, the company maintained strong shareholder returns, distributing nearly $10 billion through dividends (increased by 4%) and share repurchases. The company's performance was bolstered by record oil and natural gas production in Guyana, strong Permian Basin output, and $11.3 billion in structural cost savings.
The broader energy market context showed some challenges, with crude oil prices falling about 15% since the end of the second quarter. CEO Darren Woods attributed this to a market imbalance, noting record demand for oil and petroleum products and abundant supply, particularly from U.S. unconventional developments. Similarly, competitor Chevron reported a more significant decline in profits, down 31% to $4.5 billion, though they too achieved record shareholder returns of $7.7 billion and strong production in the Permian Basin.
Suspected sabotage of Baltic Sea communication cables has sparked investigations and heightened tensions between...
Thanksgiving Day, 6:42 a.m. The faint glow of sunrise illuminated the empty parking lot...
(Reuters) – Oil prices were little changed on Wednesday, pressured by a large surprise...
APA Corporation, a Houston-based oil and gas exploration company, is expanding its partnership with...
Story By Mella McEwen | Midland-Telegram Reporter |Devon Energy has begun detailing the results...
Donald Trump’s transition team is preparing to make energy a top priority, aiming to...
ONEOK, Inc. [OKE.N] and EnLink Midstream, LLC [ENLC.N] have announced that they have executed...
ConocoPhillips has recently made headlines with its acquisition of Marathon Oil, a move that...
By Ernest Scheyder |HOUSTON (Reuters) – Exxon Mobil said on Wednesday it has signed...
U.S. natural gas producers are gearing up to boost output in 2025 after a...
HOUSTON (Reuters) – Norwegian-headquartered Crown LNG is racing against time to develop and start...
From Bloomberg|by Jonathan Tirone| Iran has agreed to stop producing uranium enriched close to...
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