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...
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...
The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year.
In a split vote, the central bank voted to reduce its benchmark interest rate by 25 basis points to a new range of 4.25%-4.5%, initiating its third consecutive rate cut of 2024 despite signs that inflation isn’t entirely going away.
The recent dip in oil prices, attributed to demand concerns arising from economic updates from Germany and China, highlights the ever-changing dynamics in the global energy market. With Brent and WTI crude prices falling to their lowest in a week, this movement underscores the sensitivity of oil markets to geopolitical and economic signals.
Brent Crude February futures fell 1% to $73.19 a barrel, the lowest since December 10. US crude futures due in January fell 0.9%, or 63 cents to $70.08 a barrel.
That puts both crude benchmarks on track for their lowest closes since Dec. 10 and cut the premium of Brent over WTI to a 12-week low of $3.56 a barrel, based on the February contracts.
U.S. stocks finished lower on Tuesday, with the Dow Jones Industrial Average posting its longest losing streak since February 1978, as investors digested the strong retail-sales data and awaited the Federal Reserve's policy decision, due out on Wednesday afternoon.
The Dow fell 0.6% to end near 43,450, according to preliminary data from FactSet.
The S&P 500 was off 0.4% to finish around 6,050.
The Nasdaq Composite dropped 0.3%, ending around 20,109.
Credit |by Bloomberg, via RigZone.com|L.Kassai, R.Tuttle, E.Elkin| When President-elect Donald Trump announced his plan...
A recent report from the Biden administration on the environmental impact of increasing liquefied...
Trevor Hawes |Midland Telegram-Reporter | Banks maintained a “stay the course” mentality during the...
Colorado’s Energy and Carbon Management Commission (ECMC) has unveiled further details regarding the alleged...
William G. Skelly aka William Grove “Bill” Skelly, born to the humble beginnings of...
Comstock Inc. (NYSE: LODE) announced today that its subsidiary, Comstock Fuels Corporation, has been...
By Jov Onsat| rigzone.com |Twelve countries surrounding the Baltic Sea and the North Sea have...
Woodside Energy and Chevron have announced a transformative asset swap agreement designed to streamline...
Battalion Oil Corporation has terminated its merger agreement with Fury Resources, Inc., citing Fury’s...
U.S. President-elect Donald Trump has issued a strong call for the European Union (EU)...
Story By Mella McEwen | Midland Telegram-Reporter| ExxonMobil has reached the milestone of 1,000...
The Texas Independent Producers and Royalty Owners Association (TIPRO) recently highlighted a slight decline...
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