On May 9th Vanguard Natural Resources Inc. continued its divestiture plans with multiple agreements to divest noncore assets for gross proceeds of...
OKLAHOMA CITY, May 15, 2018 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today provided an update on...
Enbridge Inc. took its first steps in efforts to reduce the load of debt it took on with its $28.6 billion purchase of...
AN ARTICLE ON NATURAL GAS. Author: Matthew DiLallo | May 08, 2018 – The Motley Fool Read the full article here The...
The hottest areas of production in our state – the STACK, SCOOP, and Merge plays have dominated the Oklahoma rig count for...
The Texas Railroad Commission (RRC), which regulates the state’s oil and gas industry, issued a third more oil and gas drilling permits...
Crude prices fell Friday afternoon as the US added oil rigs for the sixth week in a row, bringing the total rig...
The STACK Meramec play in Oklahoma emerged as a star performer for Continental Resources back in 2016 out in Blaine County, which...
Marathon Oil got off to a hot start in Q1 of 2018. Like its peers, Marathon benefited from strong drilling results across...
On Tuesday, the Oklahoma Corporation Commission announced that it has issued a directive for further reductions in oil and gas wastewater disposal...
U.S. stock and bond investors face a big employment report this week, after returning from the Labor Day weekend to kick off September trading.
The U.S. jobs report, scheduled to be released Friday, will be “huge” from a market’s perspective, said Victoria Fernandez, chief market strategist at Crossmark Global Investments, in an interview. She said the report on jobs growth and the unemployment rate in August, has the potential to move stocks and bonds.
July employment data, released in early August, had rocked the stock market as it was softer than Wall Street expected and showed the unemployment rate rose to 4.3%. However, U.S. stocks have bounced back from their recent slump, with the Dow Jones Industrial Average logging a fresh record high Friday while the S&P 500 ended 0.3% below its all-time peak notched July 16.
“The overall economy continues to look pretty strong,” said Bob Elliott, co-founder, chief executive officer, and chief investment officer of Unlimited Funds, by phone. But “the jury is still out on whether we’re going to get a ‘no landing,’ a soft landing, or a hard landing.”
Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty U.S. interest rate cut next month, following data showing strong consumer spending.
Brent crude futures for October delivery, which expire on Friday, settled $1.14 lower, or 1.43%, at $78.80 a barrel, marking a decline of 0.3% for the week and 2.4% for the month.
U.S. West Texas Intermediate crude futures settled down $2.36, or 3.11%, to $73.55, a drop of 1.7% in the week and a 3.6% decline in August.
The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, is set to proceed with a planned oil output hike from October, as the Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, six sources from the producer group told Reuters.
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...
Artificial intelligence (AI) is increasingly influencing electricity consumption in the U.S., mainly due to...
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...
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