News

Sep

17

Oil Up 2 Percent Despite U.S. Crude Build; Set For Best Third Quarter Since 2004

Oil prices rose nearly 2 percent on Wednesday, despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts.


Aug

20

Old Oil Is New Again

From California’s Central Valley to the Native American lands of Oklahoma, more small- and mid-sized oil firms - many backed by private equity - are forgoing expensive shale drilling projects and opting for old-school wells instead.


Aug

09

EIA: Continuing Downward Trend, US Crude Stockpiles Fall 6.5 Million BBL

US crude oil stockpiles are continuing on a downward trend that began during the spring.


May

15

Saudi Arabia, Russia Want Nine-Month Extension to Deal on Oil Output Cuts

The world’s two biggest crude-oil producers, Russia and Saudi Arabia, sent petroleum prices higher Monday with a joint statement that output cuts should be extended into March 2018.


Apr

13

Hilcorp Unit To Buy ConocoPhillips’ San Juan Basin Assets For Up To $3 Billion

Hilcorp San Juan LP, a partnership of Houston-based Hilcorp Energy Co. and Washington DC-based private equity firm The Carlyle Group, has agreed to acquire ConocoPhillips’ interests in the San Juan basin of northwestern New Mexico and southwestern Colorado for up to $3 billion.


Mar

10

EIA: Natural Gas Prices Are On Two-Year Upward Trend

Colder weather and increased exports will bolster natural gas prices in 2017 and 2018, the EIA forecasts in a report.


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