Bearishness Plagues Oil as Matador Cuts Capex, Production Outlook
Falling oil prices are forcing E&Ps to redraw spending plans. Matador Resources slashed its D&C spending by $100 million due to lower prices.
APA Reveals 2,700 bbl/d Test Results from Sockeye-2 in Alaska
APA Corp. said Sockeye-2, located in Alaska’s eastern North Slope, was drilled to a depth of approximately 10,500 ft and averaged 2,700 bbl/d during the final flow period.
National Bank’s CEO Rails Against Red Tape for Energy Projects
By Christine Dobby Laurent Ferreira. Photographer: Neal Rockwell/Bloomberg National Bank of Canada’s chief executive officer called for a “complete overhaul” of the country’s economic and industrial policies just days before Canadians are set to vote in the federal election. Laurent Ferreira, who has led the Montreal-based bank since 2021, said Thursday that the biggest risk …
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Patterson-UTI Sees Uptick in Gas Activity, Oil Uncertainty
Natural gas activity picked up more than expected in the first quarter, with the Haynesville Shale leading the way, Patterson-UTI executives said.
US Aims to Boost Offshore Oil Drilling by Easing Pressure Rules
(Reuters) – The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf of Mexico, changes it expects can boost U.S. oil output. President Donald Trump’s new Energy Dominance Council led by Interior Secretary Doug Burgum is looking …
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Rhino Resources Makes Oil Discovery in Namibia’s Orange Basin
Rhino Resources’ Capricornus 1-X exploration well achieved a flow rate exceeding 11,000 bbl/d offshore Namibia.
AI Presents Complicated Puzzle for Already Stretched Energy Industry
The multifaceted U.S. energy market has a lot of competing priorities and AI is just one of them, ONEOK CEO Pierce Norton said at an event hosted by the Oklahoma State University Hamm Institute for American Energy.
Catalyze Acquires Solar Projects in New York
Catalyze’s portfolio consists of eight projects in National Grid’s Load Zone A in upstate New York.
Kissler: Producers Might Want to Chill, Baby, Chill
As good as the Trump administration’s “drill, baby, drill” may initially sound, global oil production will slow if the price sinks below $60/bbl.
US NatGas Prices Fall 3% to 5-Month Low on Big Storage Build, Mild Weather
U.S. natural gas futures fell about 3% to a five-month low on April 24 on a bigger-than-expected weekly storage build and expectations that mild weather will keep heating and cooling demand low in coming weeks.