Wednesday, September 16, 2026

Goodrich Petroleum Announces $65-75 Million Capital Expenditure Budget

Early today Goodrich Petroleum Corporation (ticker: GDP) announce a preliminary capital expenditure budget for 2018 of $65 to $75 million. 100% of the coming year’s budget will be allocated to the company’s core acreage in the Haynesville Shale in the Bethany-Longstreet and Thorn Lake areas of Caddo, DeSoto, and Red River Parishes, LA. Goodrich Petroleum plans to drill 16 gross

Eni’s Lightning-Fast, 30-Tcf Egyptian Gas Development is Now Producing

30 Tcf offshore gas play went from discovery to production in 28 months: “a historic day”-Eni CEO Eni announced first gas from the Zohr field today, marking one of the fastest development processes of an offshore field in recent years. Discovered in August 2015, Zohr is a large gas field located in offshore Egypt, about 120 miles north of Port

Done Deal: Congress Sends $1.5 Trillion Tax Overhaul to President

From the Chicago Tribune/AP Congressional Republicans delivered an epic overhaul of U.S. tax laws to President Donald Trump on Wednesday, bringing generous tax cuts for corporations and the wealthiest Americans while providing smaller cuts for middle- and low-income families. In a re-vote due to a last-minute hiccup, the House passed the massive $1.5 trillion tax package that affects everyone’s taxes

Weekly Oil Storage: Large Crude Draw, Small Gasoline Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 6,495 MBBL last week to 436,491 MBBL, from 442,986 MBBL. This is 10% below the 485,449 MBBL that was in storage at this point last year, and is 10% above the five-year