Oil

Marketed: Hunt Marcellus/Utica Operated Minerals

The following information is provided by Detring Energy Advisors LLC. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Hunt Marcellus LLC, a subsidiary of Hunt Oil Co., is offering for sa ...

Iran Pens Open Letter To Saudi Arabia Over OPEC Supply Pact

Iran's oil minister told his Saudi Arabian counterpart that last month's OPEC supply pact does not give member countries the right to raise oil production above their targets, according to a letter reported by Iran's news agency Shana. OPEC agreed with Russia and other oil-producing allies last mont ...

Cabot Continues To Thrive While Overcoming Infrastructure Issues

Cabot Oil & Gas is producing a little over 2.1 Bcf/d, and the Houston-based independent oil and gas company is doing so with just 300 employees. “So it gives you an idea what we are able to do with the number of employees that we have and the asset that we have maintained,” Dan Dinges, CEO of Ca ...

Tech Talk for Monday July 16th 2018

Pre-opening Comments for Monday July 16th U.S. equity index futures were mixed this morning. S&P 500 futures were unchaged in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the July Empire State Manufacturing Survey was a ...

Argentina’s currency crash hits shale development

When Argentina’s currency plummeted by 50% this year, the oil sector started to worry about a slowdown in the development of Vaca Muerta, the country’s biggest shale play. The peso’s crash led the central bank to hike the benchmark interest rate to 40% from 27.25%, pushing up corporate borrow ...

Commodities Get Smoked 2018-07-13 Video

Commodities took it on the chin again this week, but the market messages could not be more confusing. While commodities fell hard, all the commodity countries made higher highs and higher lows on the week. The only commodity above the 10 WMA is oil. Copper fell again for the fifth week in a row. Go ...

Trade ,earnings ,teapots and the US dollar

Trade, earnings, teapots and the US dollar Strong domestic growth and on-target core inflation continue to suggest the US economy is in that happy place, but this week’s US economic data will begin to shape market expectations for Q2. And equally significant will be Fed Chair Powell’s semi-annu ...

Oil Takes Center Stage: Commodities Halftime Report 2018

Of the 14 major commodities we track at U.S. Global Investors, oil was the standout performer, gaining roughly 23 percent, followed by nickel (up 16.76 percent) and wheat (16.51 percent). ...

Trade War and Trump European Trip Boost US Dollar

The US dollar was higher across the board against major pairs on Friday. Trade war concerns rose heading into the weekend and the comments from US President Donald Trump during the week sparked a rally of USD buying. Trump has been outspoken on NATO, trade and the Brexit deal while economic indicat ...

North Dakota Oil, Gas Producers Set New Records In May

North Dakota has reached new records in both oil and gas production, according to preliminary data released by the state’s Department of Mineral Resources (DMR) on July 13.  The state, where the core of the Bakken/Three Forks play is located, produced roughly 1.2 million barrels per day of oil i ...