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Private Oil Producer Secures $320 Million Loan For Williston Basin Growth

2019-06-21 21:05:26| OGI

Nine Point Energy says the financing will support continued growth of development in the Williston Basin, where the company holds roughly 53,000 net acres.

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US Oil Rig Count Inches Up

2019-06-21 19:29:02| OGI

Companies added one oil rig in the week to June 21, bringing the total count to 789, Baker Hughes, a GE company, said in its weekly report.

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Marketed: Weatherly Oil & Gas Operated East Texas Package

2019-06-20 20:05:56| OGI

Weatherly Oil & Gas retained EnergyNet for the sale of operated oil and gas assets in East Texas through a sealed-bid offering closing July 2.

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U.S. Refiner Phillips 66 Enters Offshore Oil Export Race

2019-06-20 18:03:08| OGI

The offshore port would provide an outlet for oil coming from recently proposed Liberty and Red Oak pipeline joint ventures that will start in early 2021. Phillips will operate the $1.6 billion Liberty pipeline and help finance the $2.5 billion Red Oak pipeline.

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Oil Jumps 3% As Iran Shoots Down US Drone In Gulf

2019-06-20 17:01:33| OGI

Expectations of a rate cut by the Fed have also propped up the price.

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