oil and gas

Nat Gas Field

Southwestern Upsizes Secondary Offering to Buy Back Debt

Early Wednesday morning, Southwestern Energy Co. (NYSE: SWN) announced an underwritten secondary offering of 75 million shares that would be sold by the underwriters through negotiated transactions, at negotiated prices, ...
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Oil Barrels

Crude Oil Price Jumps on Inventory Drawdown

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

Major Oil Short Interest Makes Massive Surge

The short interest data have been released for the June 15 settlement date. With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest ...
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fracking

Oil Rig Count Fell by 7 Last Week, Hedge Funds Bet Wrong on Brexit

In the week ended June 24, the number of rigs drilling for oil in the United States totaled 330, down by 7 compared with the prior week and a total ...
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fracking

Federal Court Boots Obama Administration Fracking Rules

A federal district court in Wyoming on Tuesday struck down tough U.S. Department of the Interior rules related to hydraulic fracturing  (fracking) of oil and gas wells in the United ...
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ThinkstockPhotos-488849483

Natural Gas Price Dips Following Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 62 billion cubic feet for the week ending June 17. Analysts were expecting a ...
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choose happiness

Credit Suisse Loves These 3 High-Yielding MLPs Now

Any way you slice it, the energy run up from the lows has been outstanding, and investors who had the courage to buy back in January and February have been well ...
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Oil Barrels

Crude Oil Price Turns Lower on Small Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 900,000 barrels last week, maintaining a total U.S. commercial crude ...
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VW Golf TDI engine

Diesel Cars Pollute More in Cold Weather

Lower temperatures cause diesel engines to emit more nitrogen oxides (NOx), U.K. research firm Emissions Analytics told the BBC. But not that low: below 18 degrees Celsius (64 degrees Fahrenheit) ...
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oil field sunset

Exxon Adds $45 Billion to Market Cap

Exxon Mobil Corp. (NYSE: XOM) closed 2015 with a share price of $77.97, down from a closing price of $92.45 at the end of 2014. The company's market cap dropped ...
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Oil worker

Marathon Stock Jumps on $888 Million Acquisition

Independent oil and gas company Marathon Oil Corp. (NYSE: MRO) announced Monday morning that it has signed a definitive purchase and sale agreement to acquire PayRock Energy Holdings. Marathon will ...
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Pump Jacks Against at Dusk

Jefferies Analyst Likes 3 Edgy Beta Oil Stocks Now

One way or another, this week will help to either add volatility in a big way or shut it off for a while. With the long-awaited Brexit vote finally about ...
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oil field sunset

Over 20 Key Oil & Gas Analyst Upgrades and Downgrades

The week of June 17 ended up a down week after the Dow Jones Industrial Average fell almost 200 points. The fears of what may happen in a Brexit scenario ...
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fracking

Oil Rig Count Rose by 9 Last Week, Hedge Funds Pile Up Short Contracts

In the week ended June 17, the number of rigs drilling for oil in the United States totaled 337, up by nine compared with the prior week and a total of ...
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Saint Basil's Cathedral

The Honeymoon Isn’t Over Yet for BP, Rosneft

At the XX St. Petersburg International Economic Forum on Friday morning, BP PLC (NYSE: BP) and Russia's state-controlled oil company Rosneft signed agreements to create a new joint venture between the ...
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