Previous close | 22.00 |
Open | 22.00 |
Bid | 17.45 |
Ask | 18.85 |
Strike | 32.50 |
Expiry date | 2025-06-20 |
Day's range | 22.00 - 22.00 |
Contract range | N/A |
Volume | |
Open interest | 55 |
Operators drilling for oil in Texas are scrambling to dispose of excess natural gas amid a supply glut and weak prices, prompting a sharp rise in flaring requests. The Railroad Commission of Texas (RRC), which regulates the state's oil and natural gas industry, last week approved 21 exemption requests from operators, mostly in the Permian and Eagle Ford shale fields, to flare, more than four times the level it approved this time last year. Flaring, the burning of unwanted gas, has come under greater regulatory scrutiny in recent as environmental groups and climate activists seek to clamp down on the practice that releases greenhouse gases.
Northern Oil and Gas (NOG) delivered earnings and revenue surprises of 11.30% and 5.08%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Devon Energy's (DVN) first-quarter production volumes is likely to have been affected by unfavorable weather. DVN's cash flow and utilization of the same to repurchase shares is likely to have boosted earnings.