Rimrock Resource Partners LLC closed a $150 million acquisition of Scoop assets, the company announced July 28. The acquisition covers approximately 24,500...
U.S. oil futures settled higher on Friday. On the New York Mercantile Exchange, September WTI settled at $41.60 a barrel. The U.S....
On July 28, 2016, Devon Energy Production LP (DVN) filed a Transfer of Operator (Form 1073) with the Oklahoma Corporation Commission (OCC) transferring...
Devon Energy Corporation (NYSE: DVN) has assets in the very best North American resource plays and a deep inventory of opportunities. After initiating...
BHI revealed a weekly climb in the number of active U.S. rigs drilling for oil–the sixth-weekly climb in seven weeks.The number of...
Back in January of this year, Luxe Energy LLC announced it had acquired about 18,000 net acres in the core of the...
The number of rigs exploring for oil and natural gas in the U.S. increased by nine this week to 440. A year...
The number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 421, snapping three...
With the equity backing of Natural Gas Partners, HighMark Energy was formed in the fall of 2013 to acquire, develop and produce upstream...
Marathon Oil allocated $1.15 billion to activity in North America for 2016 with the majority focused on the Company’s three U.S. resource...
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...
Have your oil & gas questions answered by industry experts.