oil and gas

fracking drilling

Oil Rig Count Soars by Most in 5 Years, Hedge Funds Stay Long

In the week ended January 20, 2017, the number of rigs drilling for oil in the United States totaled 559, up by a whopping 29 compared with the prior week and ...
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Silhouette of an oil worker using machinery at sunset

Schlumberger Q4 Earnings Flat, Revenues Slide, Hope Abounds

[jwplatformJ5ro9OuT]Schlumberger Ltd. (NYSE: SLB) reported fourth-quarter and full-year 2016 results before markets opened on Friday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.27 ...
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Oil Barrels

Crude Oil Price Staggers After Larger-Than-Expected Increase in Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, one day later than usual due to the Martin Luther King Jr. holiday. U.S. commercial crude ...
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Natural Gas Price Dips on Larger-Than-Expected Inventory Decline

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 243 billion cubic feet for the week ending January 13. Analysts were expecting a ...
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Oil Pipeline, Alaska

Kinder Morgan Treading Water as Revenues Dip, Investors Losing Patience

Kinder Morgan Inc. (NYSE: KMI) reported fourth-quarter and full-year 2016 results after markets closed Wednesday. The midstream giant posted earnings per Class P share (EPS) of $0.08 per share on ...
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watching TV

2 Major Earnings Reports to Look Forward to on Wednesday

The fourth-quarter earnings reporting season is underway, and most of the major banks, most recently Citigroup and Goldman Sachs, have already reported. Although these earnings have been relatively positive, the Dow has stepped away ...
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Noble Energy Acquires 171,000 Permian Basin Acres in Clayton Williams Deal

Independent oil and gas company Noble Energy Inc. (NYSE: NBL) announced Monday that it has agreed to acquire Clayton Williams Energy Inc. (NASDAQ: CWEI) in a cash and stock transaction that ...
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Shell Station

Jefferies Positive on Energy for 2017: 3 Large Cap Dividend Stocks to Buy Now

The biggest news in the energy markets last year became a reality on January 1 as OPEC finally cut its production for the first time in years. While it is ...
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fracking drilling

Big Acquisition Doubles Exxon Mobil’s Permian Basin Oil Assets

If there is one area of the United States that continues to enchant and enthrall energy investors and operators alike, it would have to be the Permian Basis. The abundance ...
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fracking drilling

Average Weekly Gas Prices Drops First Time Since November

Over the period which started eight weeks ago, the price of a gallon of regular gas has marched higher each week. Last week broke the trend According to the AAA ...
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Silhouette of an oil worker using machinery at sunset

Oil Rig Count Slips, Hedge Funds Maintain Long Positions

In the week ended January 13, 2017, the number of rigs drilling for oil in the United States totaled 522, down by seven compared with the prior week and up seven compared ...
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natural gas pipeline

Is Williams Companies Really Simplifying Its Business?

Whenever an energy pipeline company says it is taking an action in order to simplify its structure, a wise investor prepares for complexity. The Williams Companies Inc. (NYSE: WMB) is ...
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Blue Flame

Natural Gas Price Pops on Larger-Than-Expected Inventory Drop

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 151 billion cubic feet for the week ending January 6. Analysts were expecting a ...
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turtle

Short Sellers Can’t Make Up Their Minds on Major Oil

The short interest data have been released for the December 30 settlement date. Since the election was decided with Trump taking the White House, short interest for major oil stocks ...
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Oil Barrels

Crude Oil Price Plunges, Rebounds Following Huge Build in Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 4.1 million barrels last week, maintaining a total U.S. commercial ...
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