(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by six to 582 in the week to Jan. …
US Drillers Add Oil and Gas Rigs for First Time in Eight Weeks, Baker Hughes Says Read More »
(Reuters) – U.S. crude oil production fell by 122,000 barrels per day in November to 13.314 million bpd, down from a monthly record high of 13.436 million bpd in October, the U.S. Energy Information Administration said in its petroleum supply monthly report on Friday. Product supplied of crude oil and petroleum, EIA’s way of measuring …
US Oil Production Falls in November From Record High in October, EIA Says Read More »
(Reuters) – Private equity-backed Infinity Natural Resources was valued at $1.30 billion after shares of the oil and natural gas producer rose 10.8% in their debut on the New York Stock Exchange on Friday. The Morgantown, West Virginia-based company’s stock opened at $22.16, above the offer price of $20 apiece. Infinity, backed by buyout firms …
Pearl Energy-Backed Infinity Natural Valued at $1.3 Billion as Shares Jump in NYSE Debut Read More »
Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.
At a news conference, President Trump said that he would exclude oil from tariffs before backtracking to say that he “may or may not” impose duties on crude.
Here is a look at some of this week’s renewable energy news, including two more solar farms in Texas.
The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Viper Energy said that in addition to a $4.45 billion dropdown by Diamondback Energy, the company would also purchase royalty acreage in Howard County, Texas, for $330 million.
For January, total oil and gas rigs fell by seven, the most in a month since June, with both oil and gas rigs down by four in January.
ONEOK had agreed to acquire the remaining stake in EnLink in November 2024 for $4.3 billion after having acquired the controlling interest a month prior.
