2016 was a come-back year for Continental Resources (NYSE: CLR). The shale driller overcame some missteps, made early in the downturn, to get back...
Rig Count On Fire Over Last 90 Days The number of rigs drilling for oil in the United States totaled 566, up...
Exxon Mobil Corporation (NYSE:XOM) recently announced it will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through...
It is without question that technological innovations have drastically altered the way that geologists and engineers perform their jobs. For the landman,...
Oil rigs down, Permian Remains Resilient. In 2016, the oil rig count staged a comeback not seen since the most recent oil...
This month’s article is a continuation of the Due Diligence topic we started in December. You may remember in my previous article...
Oil and Gas Bankruptcy Update: Samson Resources Haynes and Boone has tracked 114 North American oil and gas producers that have filed...
Out With The Old, In With The New – Rig Count Climbs Again A Look Back At 2016 Things were ominous for...
Over-pressured Meramec wells in STACK are delivering some of the highest returns across the play. Continental Resources (NYSE: CLR) announced a new...
Most modern oil and gas leases provide that a lease will not terminate if the lessee “commences operations for the drilling of...
U.S. stocks closed higher, with the S&P 500 scoring another record close as investors await an inflation update on Friday.
The Dow Jones Industrial Average added 260.36 points, or 0.6%, ending at 42,175.11, its second-highest close ever.
The S&P 500 rose 23.11 points, or 0.4%, ending at 5,745.37, scoring its 42nd all-time closing high this year.
The Nasdaq Composite added 108.09 points, or 0.6%, ending at 18,190.29.
Traders were dialing back expectations for how big an interest-rate cut could be on the docket at the Federal Reserve's November meeting. The odds were shifting in favor of a cut of 25 basis points on Thursday after a string of economic data pointed to resilience in the U.S. economy.
While the labor market remains the biggest focus, investors will be monitoring Friday's inflation data via the Fed's preferred PCE index. The data is likely to show inflation cooling further, backing additional rate cuts.
The numbers: Orders for durable goods were flat in August, the Commerce Department said Thursday. The result was much better than anticipated. Economists had forecast a 3% fall in orders for durable goods — products made to last at least three years.
Durable goods orders rose a revised 9.9% in July, up slightly from the prior estimate of a 9.8% gain.
Core capital goods orders, which exclude volatile sectors like transportation and defense, rose 0.2% last month after a 0.2% drop in July.
Shipments of core goods, which are factored into GDP, rose 0.1% in August.
The companies announced Sept. 26 that Chesapeake Energy’s $7.4 billion merger with Southwestern Energy is expected to close in the first week of October, with the combined company renamed Expand Energy Corp.
The two natural gas players said they had cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Expand Energy will become the largest gas producer in the U.S. with its massive, dual footprints in both the Appalachia and Haynesville shale plays.
The all-stock acquisition of Southwestern by Chesapeake was first announced in January, but additional scrutiny and information requests by the Federal Trade Commission caused some delays. The new Expand name was only announced on Sept. 26.
This summer, U.S. utilities leaned more heavily on fossil fuels for electricity generation than...
Next week, Oklahomans will decide who takes a seat on the Oklahoma Corporation Commission,...
By Trevor Hawes, Editorial Director | Midland Telegram Reporter |A thunderstorm in West Texas can...
by Bloomberg| G.Smith, S.Cheong, A.Longley, M.Gindis |Oil traders are divided over whether OPEC+ will proceed...
With the U.S. presidential election less than a week away, energy policy has become...
Georgina McCartney | Reuters |A top economist for the state of New Mexico, the...
Ukraine is struggling to meet its gas storage target for this winter, falling short...
In the Permian Basin, a prime oil-producing territory, a critical issue has surfaced: the...
Overview: Preparing for the 2024-2025 Winter Heating Season As winter approaches, both natural gas...
U.S. natural gas production from shale and tight formations, which accounts for 79% of dry...
Story Credit| Fox News |Greg Norman, Brie Stimson, Caitlin McFall, Liz Friden, Efrat Lachter...
The first oil well discovered in Oklahoma was the Nellie Johnstone No. 1 in 1897 and at...
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