Benchmark U.S. crude oil for July delivery fell $1.32to $77.91 per barrel Thursday. Brent crude for July delivery fell $1.74to $81.86 per barrel.
Wholesale gasoline for June delivery fell 6 centsto $2.40 a gallon. June heating oilfell 7 cents to $2.37 a gallon. July natural gasfell 10 cents to $2.57 per 1,000 cubic feet.
Colo. O&G industry braces for additional methane controls
Beginning next year, Colorado will use aircraft and satellite readings...
Beginning next year, Colorado will use aircraft and satellite readings to measure methane emissions from oil and natural gas operations and infrastructure across 12 counties under a pioneering methane intensity rule designed to facilitate progress toward the state's emissions reduction targets. The rule will require companies to limit their emissions relative to production.
Permian gas infrastructure growth bodes well for oil
Rising natural gas processing capacity and the upcoming startup of the...
Rising natural gas processing capacity and the upcoming startup of the 2.5-Bcf/d Matterhorn Express Pipeline are expected to stimulate crude oil production in the Permian Basin, say analysts. Regional gas processing capacity is on track to increase by over 2.8 Bcf/d this year and roughly 2.3 Bcf/d in 2025.
Chevron's proposed $53 billion acquisition of Hess has received approval...
Chevron's proposed $53 billion acquisition of Hess has received approval from Hess shareholders, although the deal can't close until ongoing arbitration with ExxonMobil regarding Hess' 30% stake in Guyana's Stabroek Block is resolved and other conditions are met. "Together we will be positioned as a premier integrated energy company, with the leadership, asset portfolio and financial resources to deliver significant shareholder value for years to come," Hess CEO John Hess stated.
