Wind to Generate 15% of Texas Electricity Demand in 2016
The state of Texas leads the nation in wind power generation with more than 18,000 installed megawatts and another 5,000 megawatts under construction.
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Will Kinder Morgan’s 2017 Budget Plan Get Derailed?
Oil and gas midstream giant Kinder Morgan announced after markets closed on Monday its preliminary financial projections for the coming year.
Analysts Keep Upgrading Oil & Gas Stocks in Wake of OPEC Production Cuts
What is amazing is that some of these offshore drilling and exploration stocks have kept rallying even in the face of what might be an overbought chart pattern.
OPEC Cuts Are Lifting Gas Pump Prices
The price of gasoline on Monday morning was up six cents compared with last week's pump price for a gallon of regular gasoline.
Chesapeake Energy Reaches $2 Billion in Asset Sales for 2016
Chesapeake Energy has announced that it is selling some $450 million in assets in one of two sales of properties the company holds in the Haynesville shale play of northern Louisiana. The buyer was…
OPEC Agreement Continues to Push Oil Prices Higher
Given the encouragement rising oil prices have on U.S. producers and the historical difficulty OPEC has had enforcing quotas, and there is sufficient reason to rein in the current enthusiasm for crude.
15 Major Oil and Gas Analyst Upgrades After OPEC Production Cuts
Many key brokerage firms made upgrades to the oil patch stocks after OPEC's production cuts were announced. Others hiked price targets, even if their ratings were kept the same.
Oil Rig Count Rises by 3, Hedge Funds Punt Ahead of OPEC Meeting
In the week ended December 2, the number of rigs drilling for oil in the United States rose to 477, according to the latest Baker Hughes North American Rotary Rig Count.
What OPEC’s Production Cuts Really Mean
Crude oil prices have added about $5 a barrel since Wednesday's announcement from OPEC that the cartel had reached an agreement to slice more than a million barrels a day from production.
Natural Gas Price Up 4.5% After Storage Report
The U.S. Energy Information Administration (EIA) reported Thurssday afternoon that U.S. natural gas stocks decreased by 50 billion cubic feet for the week ending November 25. Analysts were expecting a storage decline of about…
WildHorse Resource Announces Potential Pricing for IPO
WildHorse Resource Development expects to price more than 27 million shares in the range of $19 to $21 apiece in an initial public offering valued up to around $664 million.
UBS Adds Top Pick Growth and Dividend MLPs to Buy as Oil Rockets Higher
These top companies are offering investors an outstanding entry point after being clobbered much of the fall. The OPEC production cut combined with other positive metrics should put a tailwind behind the entire sector.
Did OPEC Production Cut Make More Speculative Oil Stocks Rally Too Much?
Many top oil stocks have risen handily. Where the moves look really crazy is in the more speculative second-tier stocks, which are either not as strong in the balance sheet or are still down…
Crude Oil Price Soars on OPEC Deal, Inventory Change Not a Factor
U.S. commercial crude inventories decreased by 900,000 barrels last week, according to the latest U.S. Energy Information Administration petroleum status report.
Permian Basin to Remain Red Hot in 2017: 4 Stocks to Buy Now
Many on Wall Street are confident that 2017 will be another banner year for the Permian basin in West Texas. The oil industry and investors alike are looking to the region to provide volume…