oil and gas

Oil Rig Count Slips by 5, Total Now Up 455 Year Over Year

In the week ended August 18, 2017, the number of rigs drilling for oil in the United States totaled 763, down by five compared with the prior week and up ...
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Energen’s Would-Be Permian Buyout — Are 2 Activist Investors Better Than 1?

It's one issue to have a well-known activist investor out calling for change and action in a company. It's a completely different issue when you get two activist firms nipping at ...
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Natural Gas Price Rises on Larger-Than-Expected Storage Injection

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 53 billion cubic feet for the week ending August 11. Analysts were expecting a ...
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US Gulf of Mexico Oil & Gas Lease Sales Attract $137 Million in Bids

The U.S. Bureau of Ocean Energy Management (BOEM), a division of the Department of the Interior, conducted a lease sale on nearly 76 million acres of federal offshore parcels in ...
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Crude Oil Price Flat After Inventory Decline on Strong Export Volume

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 8.9 million barrels last week, maintaining a total ...
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EIA: Shale Patch Production to Climb 117,000 Barrels a Day in September

The U.S. Energy Information Administration (EIA) on Monday released its August report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is ...
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Nine Energy Gears Up for IPO

Nine Energy Service has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, ...
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Oil Rig Count Up by 3, Total Now Up 468 Year Over Year

In the week ended August 11, 2017, the number of rigs drilling for oil in the United States totaled 768, up by three compared with the prior week and up ...
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Quintana Energy Gears Up for IPO

Quintana Energy Services has registered an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were offered in the filing. ...
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Crude Oil Production Soared Again in July: IEA

In its monthly Oil Market Report for August released Friday morning, the International Energy Agency (IEA) said that global crude supplies rose by 520,000 barrels per day in July, the ...
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Preferred Sands Files for IPO

Preferred Sands has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, but ...
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Natural Gas Price Rises on Lower-Than-Expected Storage Increase

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 28 billion cubic feet for the week ending August 4. Analysts were expecting a ...
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OPEC Reports Higher Output and Higher Prices for July

In its Monthly Oil Market Report for August, released Wednesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's price for its reference basket rose to ...
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Major Oil Short Interest Crumbles as Oil Reaches $50

Crude oil had traded above $50 a barrel before early March. Since then it took a big step back — but now it’s back. This was once thought as a ...
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Crude Oil Price Bounces Down, Then Back, on Mixed Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 6.5 million barrels last week, maintaining a total ...
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