The possible acquisition of Concho Resources Inc. by ConocoPhillips could come as soon as Monday according to a report by Bloomberg. If so, it could be the largest shale industry deal since the collapse in energy demand earlier in the year. The companies are reported to be finalizing the terms of a transaction and …
Natural gas prices moved higher on Friday as colder than normal weather is expected to cover most of the mid-west for the next two weeks. This cooler weather will be offset by warmer than normal weather which is expected to cover the entire east coast. The number of natural gas rigs increased by one …
The two largest U.S. energy firms, Chevron Corp and Exxon Mobil Corp, have increased their share of campaign donations to Democrats this year, according to latest filings, amid a looming battle over fracking. Reuters reported the vast majority, 85% of all oil and gas donations this election, have flowed on behalf of U.S. President …
Investment analysts who sort through the financial details of energy companies have tried to predict which ones might stumble and end up in bankruptcy court. Sometimes they’re right. Sometimes they’re wrong. Motley Fool is suggesting three energy companies with plenty of activity in Oklahoma could be among them in the future. The investment firm …
Energy stocks just can’t seem to get much of a break in development of a string of successive increases in trading. Thursday was no different as it proved to be like riding a teeter-totter. Some went up. Some went down. Alliance Resources Partners dropped 2.50% or 7 cents to slide to $2.73 per share. …
Oil futures settled a bit lower on Thursday, as rising cases of COVID-19 sparked new lockdowns in Europe, raising worries about further slowdowns in energy demand. Prices, however, nearly erased the day’s losses, buoyed by U.S. government data showing a bigger-than-expected 3.8 million-barrel weekly decline in domestic crude inventories reported MarketWatch. November West Texas Intermediate …
Shares of Concho Resources rose more than 12% in trading Wednesday following word that it was in talks to be acquired by rival ConocoPhillips. As The Street reported, Concho shares jumped 12.49% to $49.65 and ConocoPhillips shares rose 1.06% to $35.25. ConocoPhillips is in talks to acquire rival Concho Resources , Bloomberg reported, citing people familiar …
The US rig count rose by seven in the last week to 321 as of Oct. 14 according to the latest Enverus Drillinginfo Daily Rig Count. Enverus said the count is up 2% in the past week and 13% in the last month but still down 63% from a year ago. The most significant weekly …
Judge Amy Coney Barrett told senators Wednesday that her views on climate change weren’t relevant to her potential role on the Supreme Court. “I don’t think my views on global warming or climate change are relevant to the job I would do as a judge, nor do I feel like I have views that …
Oklahoma City-based LSB Industries, Inc. announced that it will release its financial results for the third quarter ended September 30, 2020 on Thursday, November 5, 2020, after the close of the stock market. The chemical company reported a net loss of $0.4 million in the second quarter and net sales of $105 million with …
