Sunday, January 5, 2025

The Texas Well That Started the Fracing Revolution

From The Wall Street Journal DISH, Texas—Twenty years ago this month, a well was drilled here that changed the world. Nothing at the time suggested the unassuming well in this rural town north of Fort Worth would hobble OPEC, the powerful oil cartel that had governed prices of the world’s most important commodity for more than a generation. Or that

Oil and Gas Stocks are on Pace for their Best Quarter since Q4 2011

The SPDR S&P Oil and Gas Exploration and Production fund, better known as the XOP, is up more than 22 percent this quarter. Oil drillers in the Permian basin in Texas and New Mexico have underperformed peers that operate in other parts of the country. An index that tracks oil and gas stocks is on pace for its best quarter

Alaska LNG Preparing an Equity Offering: AGDC Official

From Reuters Proposed project price is tagged at $43 billion WASHINGTON (Reuters) – Alaska Gasline Development Corp (AGDC) is preparing an equity offering for this summer and is open to partnering with a major energy firm on the development of its costly Alaska LNG export terminal and pipeline project, an executive said on Thursday. “We’re going to be putting forward