Sunday, June 14, 2026

GeoPark Discovers New Gas Play in Chile

GeoPark Limited (ticker: GPRK) said that in Chile the Uaken 1 exploration well in the Fell block was successfully drilled and tested. The well is operated by GeoPark and the company has 100% working interest. GeoPark drilled and completed the Uaken 1 exploration well to a total depth of 3,658 feet. A production test through different chokes in the El

Weekly Oil Storage: Draw Beyond Expectations

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 6,861 MBBL last week to 412,654 MBBL, from 419,515 MBBL. This is 15% below the 485,456 MBBL that was in storage at this point last year, and is 6% above the five-year

Oil Prices bring new thinking to Energy Companies

OPEC Weighs in on U.S. Shale, Oilfield Services

From the Houston Chronicle Rising oil prices could sustain financial returns for U.S. shale drillers even as oil field service companies demand more money for rigs and crews, OPEC said Thursday. U.S. oil companies could make “decent” returns at $53-a-barrel oil and could remain profitable at $60 a barrel even if oil field service costs rise 15 percent this year,