White Star Petroleum, LLC announced today that it has acquired approximately 30,500 net acres in the Mid-Continent region in two transactions with...
Apache Corporation (NYSE: APA) continues to work through proving out its Alpine High oil discovery in west Texas’ Permian Basin that it...
All oil fields see their production levels deplete as they age. Shale wells infamously suffer from exponential decline, with their production rates...
Marathon Oil Corp.(NYSE: MRO) has agreed to sell off its Canadian oil sands business for $2.5 billion, and buy 70,000 net acres...
Oil Falls as Rigs Rise The oil market had remained stable the past few months, with prices moving little and hovering between $51 to...
It’s likely many of you are following activity in Oklahoma’s Sooner Trend Anadarko Basin Canadian and Kingfisher counties (STACK) play with keen...
Does anyone believe there could be another bubble forming in oil and gas assets, specifically minerals and non-op interests? Seems there is...
The game seems to be awash with money. Untold millions have been deployed to buy minerals and leases from Carter to Dewey....
Weekly count of U.S. oil rigs topped 600 for the first time since October 2015 The latest sign of recovery in the...
More than 10,000 people attended the NAPE Summit at the George R. Brown Convention Center this week. When the exhibit floor opened...
The Dow Jones Industrial Average fell 234.21 points, or 0.6%, ending at 38,763.45.
The S&P 500 shed 40.53 points, or 0.8%, closing at 5,199.50.
The Nasdaq Composite dropped 171.05 points, or 1.1%, finishing at 16,195.81.
It has been the worst five-day start to a month for both the Dow and the S&P 500 since January 2016, according to Dow Jones Market Data.
The selloff in U.S. equities resumed despite a sharp rebound for Japanese stocks, with the Nikkei 225 up 1.2% on Wednesday.
According to Informa Global Markets, U.S. capital markets were also opening back up, with Facebook parent Meta Platforms Inc. leading a pack of investment-grade companies that borrowed $31.8 billion on Wednesday alone.
Underground stocks finished the last full week of July at 3,249 Bcf, or 16% above the five-year average, according to the U.S. Energy Information Administration (EIA). There are 14 more weekly government storage reports left for this injection season, including Thursday’s EIA report, for which NGI has modeled a 30 Bcf build.
“On the bull side, you can see that injections have been lean,” veteran gas analyst Thomas Saal said. Market jitters usually appear when inventory scenarios approach the 4,000 Bcf level. “At the rate we're going now, if we put 20 Bcf to 30 Bcf in weekly for the rest of the season, we're not going to have to worry about it.”
The EIA Natural Gas Storage Dashboard has additional updates on storage market conditions.
A small group of California Republicans has introduced several bills ahead of a special...
By Lucia Kassai and Devika Krishna Kumar |Bloomberg)– Oil storage tanks at a key US...
A Spanish infrastructure company, Redexis, has reached a significant milestone for Spain’s energy industry....
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...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
Helium is the second most abundant element in the universe after hydrogen. It is a...
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