oil and gas

oil and gas Articles

With strong sponsorships, and well thought out capital expenditure plans, these MLPs can fight their way through to better days and come out perhaps even stronger.
As oil prices fall, and refinery capacity stays strong, the price of gas could reach $1 a gallon in some areas, a level last reached in 1999.
U.S. commercial crude inventories decreased by more than 5 million barrels last week, according to the U.S. Energy Information Administration.
There is still a long way to go for the energy sector, but investors willing to carve out some capital and plan on holding positions for up to 18 months could be well rewarded.
At a time when most MLPs are holding distributions to investors flat (at best) or reducing the payouts to conserve cash, two have announced that they will raise distributions in 2016.
On Monday, the ratings agency Moody's Investor Service forecast that capital spending in 2016 will drop by 20% to 25%, compared with 2015 spending.
In the period ended December 31, the number of rigs drilling for oil in the United States totaled 536, according to the Baker Hughes North American Rotary Rig Count.
WPX Energy announced that it signed an agreement to sell its San Juan Basin gathering system for consideration of approximately $309 million.
Lucas Energy announced that is has signed a purchase agreement to acquire, from 21 different entities and individuals, working interests in producing properties and undeveloped acreage.
The EIA reported Thursday morning that U.S. natural gas stocks decreased more than expected for the week ending December 25.
ConocoPhillips and NuStar Energy announced on Wednesday that they are loading what they believe to be the first export shipment of U.S. crude in 40 years.
U.S. commercial crude inventories increased by more than 2 million barrels last week, according to the EIA.
Canaccord Genuity is not calling an exact bottom in the energy patch, but it has listed several exploration and production companies that could be candidates for a serious bounce back in their shares.
Oil won’t stay this low forever. In the meantime, it just makes sense for investors to stay with the large cap leaders that have survived these market downturns in the past.
There is some very mixed economic figures from the Federal Reserve Bank of Dallas. While the headline number was atrocious, the reality is that the actual production index rose in December.