Archives for January 2017
OPEC’s push to normalize oil market may be working
When it comes to OPEC production cuts, “We tend to cheat,” said former Saudi Arabia Oil Minister Ali al-Naimi after the group reached an agreement to curb output late last year. But the extent of...
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Lucas Energy enters Permian Basin with acreage buy
Lucas Energy has acquired 3,630 net acres in the Permian Basin. The Houston-based oil and gas company has formed an area of mutual interest partnership with a private holding company. The company will pay $1.43 million for a...
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Drillers cap record year for stock sales with December surge
Wall Street investors poured cash into nine U.S. shale drillers that issued new shares in December, the industry’s most active month in a record year for such offerings. As OPEC struck international deals to curb...
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Will Alpine High pan out? Analysts weigh in
The investment community is torn on Apache Corp.’s new find in West Texas. Plenty are unconvinced that Alpine High, as the Houston company is calling it, will produce as advertised. Apache has announced finds before...
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Market Currents: Kung Fu crude remains choppy
After rallying like a mad thing to start the day (month, and year…), crude prices have reversed course, weighed down by a stronger dollar. Volatility looks set to be the theme for this quarter, with...
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