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CNX Resources Releases Operational Update
June 11, 2020
CNX continues to optimize its long-term intrinsic value per share by safely and compliantly generating free cash flow (FCF) per share on a regular basis. The following is an update of key drivers in that effort. Production Profile Optimization CNX
OPEC+ Deal Extension Bolsters Small Shale Producers
June 10, 2020
Small shale producers and offshore drillers are among stocks soaring after the wider OPEC+ group agreed over the weekend to extend its record output curbs. Saudi Arabia increased prices for some crude exports by the most in at least two
Canada is Largest Source of U.S. Energy Imports
June 10, 2020
Canada is the largest source of U.S. energy imports and the second-largest destination for U.S. energy exports behind only Mexico. Energy is an important component of trade between Canada and the United States. In 2019, based on the latest annual
U.S. Gas Exports to Mexico Rise
June 10, 2020
US natural gas exports to Mexico are up sharply this month amid signs of looming demand growth from warming temperatures, a reopening economy and from Fermaca’s delayed Wahalajara pipeline system. In June, US pipeline exports to Mexico are averaging 5.2
Canada Releases New Regulations for Exploratory Drilling Offshore Newfoundland and Labrador
June 9, 2020
The federal government has announced a change it expects will help Newfoundland and Labrador’s oil and gas industry as it struggles to stay on its feet. A new regulation means environmental assessments for exploratory drilling offshore will be done more
Oil Prices Head Lower for Second Session as Investors Worry About Oversupply from Gulf Producers
June 9, 2020
Crude-oil prices traded sharply lower early Tuesday for a second straight session as worries about the lack of compliance with a recent pact to cut production by a number of major producers pressured futures into negative territory. Analyst at Goldman
BP to Slash Global Workforce By 10,000 Jobs
June 9, 2020
Oil and gas company BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the energy industry. Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP’s global
Oil and Gas Conversations Surge on Twitter
June 9, 2020
Oil and gas conversations have surged over 100 percent on Twitter over the last 90 days, according to data and analytics company GlobalData. The business outlined that its Oil & Gas Exploration Influencer Platform, which it says tracks more than
O’Brien Energy Resources Resumes Drilling of Two New Wells in Meade County, Kansas
June 9, 2020
O’Brien Energy Resources resumes drilling of two new wells in Meade County, Kansas. O’Brien has contracted Duke Drilling Company to move in to drill the wells back to back-on-separate leasehold locations beginning on May 11. “We are happy to be
Offen Petroleum to Acquire Bosselman Energy
June 9, 2020
Offen Petroleum has signed a binding agreement to acquire the business assets of Bosselman Energy, a fuel distributor and Bosselman Carriers, a trucking company, both based in Nebraska. Offen is a provider of motor fuel, lubricants, and petroleum logistics services
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