Oil markets moved higher as traders assessed rising tensions around the Strait of Hormuz, a key chokepoint for global crude flows. The route is widely viewed as strategically important because a sizable share of seaborne oil and refined products transits the waterway, making any disruption or operational slowdown quickly relevant for global supply and pricing. […]
U.S. Energy Development Corp. (USEDC) says it expects to deploy up to $1 billion in 2026, largely targeting upstream oil and gas opportunities in the Permian Basin. The plan follows a similar $1 billion deployment in 2025 and builds on the company’s $390 million 2025 acquisition of roughly 20,000 acres in Reeves and Ward counties, […]
A new report says oil and gas operators are increasingly directing artificial intelligence investment toward improving production performance in mature US shale plays. Rather than prioritizing new exploration workflows, companies are using AI-enabled analytics and automation to optimize existing wells and facilities—especially in major basins such as the Permian and Eagle Ford—by improving operational decisions, […]
Energy Transfer said it will increase the size of its Desert Southwest pipeline expansion before construction begins, raising the mainline diameter to 48 inches from 42 inches. The company said the change could lift capacity to as much as 2.3 billion cubic feet per day, depending on the final compression configuration, to move Permian Basin […]
Devon Energy and Coterra Energy announced they have signed a definitive agreement to merge in an all-stock transaction that would create a larger U.S. shale operator anchored in the Delaware Basin. The combined company would keep the Devon Energy name, be headquartered in Houston, and maintain a significant presence in Oklahoma City. The companies say […]
Permian Basin operators are increasingly drilling on the edges of core areas and in deeper intervals, and the resulting production is trending more gas-heavy, according to analysis cited by East Daley Analytics. The shift is drawing added attention from midstream companies as higher gas volumes support new pipelines, processing capacity, and related infrastructure buildouts. The […]
Earlier this month, in an op-ed for the Financial Times, the head of the International Energy Agency, Fatih Birol, wrote that renewable energy was expanding faster than many thought. The energy crisis sparked by the war in Ukraine, he said, was reshaping the global energy systems, making many countries realize that wind and solar were
U.S. natural gas surged Tuesday to the highest level in nearly 14 years as Russia’s invasion of Ukraine wreaks havoc on global energy markets. Henry Hub prices jumped more than 9% at one point to a session high of $8.169 per million British thermal units (MMBtu) during morning trading on Wall Street, the highest level
Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day (bpd) by July relies on expectations of robust oil demand recovery in the second quarter. Yet, recent demand concerns suggest the alliance’s supply management policies could once again be more in the realm of guestimates.
Oil prices rose early on Monday, with WTI Crude topping $60 a barrel for the first time in a week after the Fed chair Jerome Powell said that the outlook on the U.S. economy had “brightened substantially.” As of 9:32 a.m. EDT on Monday, WTI Crude prices were rising by 1.97 percent at $60.50, and Brent Crude was up
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