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
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
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