By: Carlsbad Current-Argus – Some of the Permian Basin’s largest oil and gas producers announced plans to continue increasing extraction operations and...
By: The Hill – JPMorgan Chase CEO Jamie Dimon on Sunday warned that the fallout of Russia’s invasion of Ukraine on oil and...
OilPrice.com Earlier in the year, supertanker freight rates hit record levels as traders scrambled to park crude in storage to take advantage...
By: Frontier India – Since the United States enforced sanctions against Russia, the dollar is perceived as an unreliable trading currency. Countries...
Adrian Hedden, Carlsbad Current-Argus. An estimated 1,700 oil and gas wells sit abandoned in New Mexico, potentially spewing pollution in the state’s...
From BusinessWire. Williams entered agreements Dec. 8 with Coterra Energy and Dominion Energy Virginia to establish the first next-generation natural gas certification...
BLM.Gov – As part of efforts to meet the Biden-Harris administration’s goal of a carbon pollution-free power sector by 2035, as well...
By: BNN Bloomberg – TC Energy Corp. has shut down the Keystone Pipeline as it responds to an oil spill in a...
By: Reuters – A Texas official has offered big financial companies a potential avenue to leave an energy sanctions list if they...
From Yahoo.com. Climate change is a real and urgent problem. More than a century of carbon emissions is warming the planet and...
Coterra Energy has recently released its last Marcellus Shale rig and may suspend well completions in the area. CEO Tom Jorden announced at a conference that the company currently has no active rigs in the Marcellus, with only one frac crew remaining. Once this crew finishes its work, Coterra may halt all completion activities in the region.
The company is shifting its capital towards more liquids-rich areas such as the Permian and Anadarko basins. This strategic move comes as low gas prices negatively impact exploration and production companies focused on natural gas. Coterra, formed from the merger of Cimarex Energy and Cabot Oil & Gas, is leveraging its diverse portfolio to adapt to market conditions.
Coterra's decision to potentially pause operations in the Marcellus is significant given the company's historical involvement in the play. Cabot Oil & Gas, now part of Coterra, was an early developer of the horizontal Marcellus play, following Range Resources, which is credited with discovering the play in 2007. As of the end of 2023, Coterra held approximately 186,000 net acres in the Marcellus dry gas window, primarily in Susquehanna County, Pennsylvania.
U.S. stocks ended near the session's highs on Thursday, as inflation data helped cement expectations for the Federal Reserve to take a modest approach next week with its first interest-rate cut in four years.
The Dow Jones Industrial Average gained 235.06 points, or 0.6%, ending at 41,097.77. The session high was 41,107.35.
The S&P 500 climbed 41.63 points, or 0.8%, closing at 5,595.76.
The Nasdaq Composite advanced 174.15 points, or 1%, finishing at 17,569.68.
The S&P 500 and Nasdaq both sealed their fourth straight session of gains.
Despite an uptick in turbulence, recent gains for stocks left equities on the doorstep of record territory. According to Dow Jones Market Data, the Dow ended Thursday only 1.1% below its record close from late August, while the S&P 500 was 1.3% off its mid-July record finish. All three indexes also were on pace for the biggest weekly gains since the week ending August 16.
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Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
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The oil and gas industry is inherently tied to geopolitical events and domestic policy...
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