The Week of September 12th – Recap of New Drilling Permits, Spacing, and Pooling Applications *Be sure and read the YTD Pooling Summary...
OKLAHOMA CITY, September 14, 2016 – Judge David R. Jones on Friday approved the SandRidge reorganization plan and the company will emerge...
With the acquisition from PayRock of 61,000 net acres in the STACK region for $888 million now closed, Marathon Oil is starting...
Devon Energy Announces Third Successful STACK Spacing Test and High-Rate Extended-Reach Oil Wells Devon Energy Corp. (DVN) announced today it has successfully...
This week before presenting the current rig count data we take a historical look at rig counts across two categories. (1) The...
The number of U.S. oil drilling rigs were unchanged at 406 this week after eight weeks of consecutive rises, Baker Hughes reported...
Citizen Energy II, LLC, a private Tulsa-based company has been active drilling Woodford tests down on the Canadian and Grady County line, in...
The last several years provided some of the most economic shale wells ever drilled in the US, one of the many reasons...
Last Weeks Drilling Intents, Spacing and Pooling Filings. Oklahoma Corporation Commission (OCC) latest filings as reported by Oseberg show Citizen Energy II LLC, a...
In the energy-rich regions of the United States, regular landowners have a lucrative interest in the legal framework of mineral and royalty rights....
U.S. crude oil prices climbed over 2% on Tuesday, retreating from higher levels as markets evaluated the potential for escalation following Iran's missile attack on Israel. The response highlighted a shift from previous market complacency about the conflict, with traders who had largely dismissed supply disruption threats now reassessing risks.
The key concern centers on Israel's potential response, particularly whether it might target Iran's nuclear facilities or oil infrastructure. With Iranian oil production at a five-year high of over 3 million barrels per day, analysts emphasize the need to consider scenarios where these supplies could be disrupted, marking a significant shift in market risk assessment.
Wall Street tumbled Tuesday in a tech-driven sell-off, buffeted by Iran's missile attack on Israel and a U.S. East Coast port workers' strike. The market's reaction reflected a complex landscape where defense and energy stocks rose amid Middle East tensions, while shipping-related and retail shares declined due to port closures. Safe-haven assets like the U.S. dollar, gold, and Treasuries gained traction, with oil prices initially surging 5% before moderating later in the session.
Despite attempts to recover from midday lows, similar to Monday's late rebound, buying enthusiasm remained subdued as volatility reached nearly one-month highs. The 10-year Treasury yield fell below Monday's levels, narrowing the yield curve that had been widening since the Federal Reserve's recent rate cut. This shift was driven by both the flight to safety and weak U.S. manufacturing data, highlighting investors' growing concerns about potential economic impacts, including possible goods inflation and supply chain disruptions affecting retailers, railroads, and auto companies.
Here's where the major benchmarks ended:
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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