News
Natural gas prices surged in 2016
Energy prices rose more than prices for any other commodity in 2016, with natural gas experiencing the largest percentage increase, according to a year end analysis by the U.S. Department of Energy. Energy prices rose...
Click here 0 3,474
U.S. gasoline spending could spike by $50 billion in 2017
U.S. motorists are expected to spend $50 billion more to fill their tanks this year as rising oil prices put an end to sub-$2 a gallon gasoline, squeezing consumer finances just as wages begin to...
Click here 0 3,397
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...
Click here 0 3,433
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...
Click here 0 3,646
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...
Click here 0 3,772
