former President Donald Trump pledged to increase U.S. domestic oil production and roll back regulations to facilitate this expansion.
Trump Vows to Ramp Up U.S. Oil Production, Roll Back Regulations if Re-elected
Trump Chooses Pro-Oil Sen. J.D. Vance as Running Mate, Strengthening Energy Stance
Former President Donald Trump has selected Senator J.D. Vance as his vice-presidential running mate, solidifying his stance as the pro-oil candidate in the upcoming election.
Cancellation of 75 SWD Applications in Eddy and Lea County Due to Seismic Concerns
The cancellation of 75 Devonian/Silurian Salt Water Disposal (SWD) applications by the OCD (Oil Conservation Division) reflects a proactive approach to addressing seismic activity concerns in the area.
Helmerich & Payne Q2 Earnings Preview: Analysts Expect Decline in Earnings and Revenue
Helmerich & Payne (HP), a leading oil and gas well-drilling contractor, is set to report its Q2 2024 earnings on July 24. Analysts anticipate a year-over-year decline in both earnings and revenue, with an expected EPS of $0.77, down 29.4% from the previous year, and revenues projected at $670.57 million, a 7.4% decrease.
ConocoPhillips Q2 Earnings Preview: Strong EPS Growth Expected Amid Strategic Acquisitions
ConocoPhillips (COP), based in Houston, Texas, is set to announce its Q2 earnings before the market opens on Thursday, August 1. Analysts are anticipating a robust performance with an expected earnings per share (EPS) of $2.25, marking a 22.3% increase from the year-ago quarter.
Energy Transfer and Sunoco Form Joint Venture for Permian Basin Assets
The formation of this joint venture marks a strategic alignment between Energy Transfer LP and Sunoco LP, leveraging their respective strengths in crude oil and produced water gathering operations in the Permian Basin. With Energy Transfer’s extensive operational expertise and Sunoco’s valuable assets, the combined entity is poised to enhance operational efficiencies and create significant value for both partnerships.
Is Apache Corp a good investment
Scotiabank reaffirmed its Sector Perform rating on Apache Corp (NASDAQ) with a price target of $30.00 after reviewing Apache’s latest quarterly information. Apache’s adjusted EPS and CFPS are projected at $0.93 and $2.99, respectively. The company reported higher-than-expected dry hole expenses and favorable outcomes in Egypt, with tax barrels surpassing…
The Permian Basin: A Key Economic and Energy Powerhouse
The Permian Basin is a rapidly growing economic powerhouse, crucial for Texas, New Mexico, and the U.S., contributing significantly to jobs, taxes, and government functions. It’s a leading energy producer with low CO2 emissions, projected to generate $350 billion and 1.2 million jobs by 2050.
Baker Hughes Rig Count: Rig Activity Slightly Declines, Key Basins Hold Steady
The latest Baker Hughes rig count shows the U.S. rig count decreased by one to 584
Wolf Midstream Announces Major Expansion with NGL North Phase Two Project
Wolf Midstream (Wolf) has announced a positive final investment decision for its NGL North Phase Two project. This development will significantly boost the natural gas liquids (NGL) production capacity of Wolf’s existing NGL North System, which was commissioned in 2023.