The most commonly asked question in oil and gas is… WHERE? Given the amount of location-based data we work with every day...
Chesapeake Energy Files $445 Million Dollar Claim Against McClendon Estate After almost 8 months when Oklahoma energy leader Aubrey McClendon was killed...
TULSA, Okla.–Casillas Petroleum Resource Partners, LLC, a partnership between Casillas Petroleum Corp. and Kayne Anderson Energy Funds, announced today that it has...
In a Bloomberg article published yesterday, Lee Boothby, the CEO of Newfield Exploration (NYSE:NFX) shared some thoughts on the future development of...
Two private equity backed Fort Worth oil companies are merging into what will be one of the largest pure-play exploration and production...
Snapshot: US Rig Count – CLIMBING +11 Energy Update November West Texas Intermediate crude CLX16, tacked on 41 cents, or 0.9%, to settle...
Seller: Scoop Energy Co. LLC Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or the “Company”) today announced the closing of its previously announced...
Natural gas sold off more than 2% on Thursday and continued the decline in today’s trading, losing another 1.6% with a close...
Templar Energy LLC and its affiliates (“Templar” or the “Company”) announced today that it has closed a comprehensive restructuring transaction on a...
The Week of September 12th – Recap of New Drilling Permits, Spacing, and Pooling Applications *Be sure and read the YTD Pooling Summary...
U.S. stocks closed higher on Friday but off the session's high, with the S&P 500 and Dow Jones Industrial Average logging back-to-back weekly losses ahead of the Nov. 5 presidential election.
Rising bond yields have been a concern in the run-up to the election, which remained too close to call on Friday and might take days or weeks to decide.
The Dow Jones Industrial Average gained 288.76 points, or 0.7%, ending at 42,052.19 on Friday
The S&P 500 advanced 23.55 points, or 0.4%, closing at 5,728.80
The Nasdaq Composite gained 144.77 points, or 0.8%, finishing at 18,239.92
For the week, the Dow shed 0.2%, while the S&P 500 fell 1.4%, its biggest weekly drop since Sept. 6, according to Dow Jones Industrial Average. Both indexes posted back-to-back weekly declines.
The Nasdaq fell 1.5% for the week, its biggest weekly loss since Sept. 6, while snapping seven straight weeks of gains.
ExxonMobil's third-quarter financial report showed mixed results. Net profits of $8.6 billion decreased 5.1% from the previous year, primarily due to weaker refining margins. However, the company maintained strong shareholder returns, distributing nearly $10 billion through dividends (increased by 4%) and share repurchases. The company's performance was bolstered by record oil and natural gas production in Guyana, strong Permian Basin output, and $11.3 billion in structural cost savings.
The broader energy market context showed some challenges, with crude oil prices falling about 15% since the end of the second quarter. CEO Darren Woods attributed this to a market imbalance, noting record demand for oil and petroleum products and abundant supply, particularly from U.S. unconventional developments. Similarly, competitor Chevron reported a more significant decline in profits, down 31% to $4.5 billion, though they too achieved record shareholder returns of $7.7 billion and strong production in the Permian Basin.
Suspected sabotage of Baltic Sea communication cables has sparked investigations and heightened tensions between...
Thanksgiving Day, 6:42 a.m. The faint glow of sunrise illuminated the empty parking lot...
(Reuters) – Oil prices were little changed on Wednesday, pressured by a large surprise...
APA Corporation, a Houston-based oil and gas exploration company, is expanding its partnership with...
Story By Mella McEwen | Midland-Telegram Reporter |Devon Energy has begun detailing the results...
Donald Trump’s transition team is preparing to make energy a top priority, aiming to...
ONEOK, Inc. [OKE.N] and EnLink Midstream, LLC [ENLC.N] have announced that they have executed...
ConocoPhillips has recently made headlines with its acquisition of Marathon Oil, a move that...
By Ernest Scheyder |HOUSTON (Reuters) – Exxon Mobil said on Wednesday it has signed...
U.S. natural gas producers are gearing up to boost output in 2025 after a...
HOUSTON (Reuters) – Norwegian-headquartered Crown LNG is racing against time to develop and start...
From Bloomberg|by Jonathan Tirone| Iran has agreed to stop producing uranium enriched close to...
Have your oil & gas questions answered by industry experts.