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....
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....
U.S. stocks finished mostly higher on Wednesday, with the Nasdaq Composite closing at a record high. Still, the Dow Jones Industrial Average was unable to recover its momentum following the release of as-expected CPI inflation data for November.
According to preliminary data, the Dow Jones Industrial Average closed down by 0.2% at 44,148.56 for its fifth straight session of declines.
The S&P 500 finished up by 0.8% at 6,084.19.
The Nasdaq Composite ended up by 1.8% at 20,034.89.
Wednesday's moves gave the S&P and Nasdaq their first gains in three sessions.
According to economists Andy Schneider and Britney Jackson at BNP Paribas, Wednesday's inflation data was "imperfect, but good enough" for the Federal Reserve to cut the December rate next Wednesday.
Fresh inflation data released on Wednesday gave Federal Reserve officials one last glimpse at how their battle against rapid price increases is progressing as they prepare for their final interest rate decision of 2024.
Consumer Price Index inflation ticked up in November, with the index climbing 2.7 percent from a year earlier. That was up from 2.6 percent previously, and in line with economists’ expectations.
A potential catalyst for this week awaits with Thursday’s U.S. Energy Information Administration (EIA) inventory report covering the first week of December. Frigid air descended from Canada during the period, boosting gas demand to power furnaces.
As such, analysts have braced for the steepest storage pull of the young withdrawal season. NGI modeled a pull of 176 Bcf, which is bullish in contrast to the five-year average decrease of 71 Bcf.
Preliminary draw estimates submitted to Reuters for the Dec. 6 period averaged 138 Bcf. The polling ranged from withdrawals of 49 Bcf to 187 Bcf.
Still, inventories started December at an 8% surplus relative to the five-year average. This followed a withdrawal of 30 Bcf in the final week of November. Inventories stood at 3,937 Bcf.
On Monday, President Donald Trump reignited the energy debate by announcing a bold new...
In a significant move within the energy sector, Elliott Investment Management, one of the...
by Lucia Kassai – (Bloomberg) — US oil refiners along the Gulf Coast are...
By Darren Barbee | Hart Energy, via Yahoo News | ConocoPhillips Co., looking to shed...
President Donald Trump announced Thursday that the United States is set to boost oil...
By Felicity Bradstock for Oilprice.com | President Trump has been emphatic about his support for...
Story by Adam Kemp |PBS News| When Rhiannon Kymer opened the doors of her...
By Lucia Kassai |BNN Bloomberg | Slowing U.S. oil-production growth is casting a pall over...
President Donald Trump’s declaration of a “national energy emergency” in early 2025 has sent...
Brazil’s government has officially approved joining OPEC+, the coalition of major oil-exporting nations, marking...
By Andreas Exarheas |Rigzone.com| It may be that oil markets have not yet made...
Diamondback Energy has announced a $4.08 billion cash-and-stock acquisition of select subsidiaries of Double...
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