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Oil and Gas Drilling Commodity Market Trades, Charts

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  • Jan 6- Harold Hamm, the chief executive of oil driller Continental Resources who is embroiled in a bitter divorce, offered to pay his former wife $974.8 million, but she rejected a hand-written check, lawyers for both sides said on Tuesday. Hamm's offer would have paid his ex-wife, Sue Ann Arnall, immediately the full cash value of what he owes based on a November...

  • Jan 6- Harold Hamm, chief executive of oil driller Continental Resources who is embroiled in a bitter divorce, offered to pay his former wife $974.8 million, but she rejected a hand-written check delivered to her legal team, his lawyer said on Tuesday. Hamm's offer to pay ex-wife Sue Ann Arnall immediately the full cash value of what he owes based on a November...

  • Just beginning of reaction to low oil: Pro   Tuesday, 30 Dec 2014 | 3:37 PM ET
    Just beginning of reaction to low oil: Pro

    As oil demand weakens, companies are cutting back drilling workers and services. John Kilduff, Again Capital, and Russell Gold, Wall Street Journal, weigh in on the impact to the U.S. economy.

  • BISMARCK, N.D., Dec 19- Tumbling U.S. oil markets approached an important if obscure milestone on Thursday, closing near a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. "We're really at the point where we could start calculating this," Ryan Rauschenberger, North Dakota's tax commissioner, said in an...

  • Frack no! Some locals lament NY ban: Report Monday, 22 Dec 2014 | 11:12 AM ET
    New York Governor Andrew Cuomo greets fracking protesters outside his office in New York December 17, 2014.

    While some are praising New York's decision to ban fracking, some business owners who were hoping for a drilling-related boom are disappointed.

  • These companies can weather the oil pullback: Pro Friday, 19 Dec 2014 | 2:26 PM ET
    Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas.

    Oil at $50 a barrel is not going to scare some producers, and investors should focus on companies with core acreage in good basins, said Mike Kelly.

  • Chart shows oil rig count may have long way to fall Friday, 19 Dec 2014 | 1:18 PM ET
    A pedestrian walks past pumpjacks operating at the Inglewood Oil field in Los Angeles.

    Oil rig count numbers have a long way to drop, late to chase the price fall in gas prices.

  • PARIS/ LONDON, Dec 19- Bargain hunters may have to think twice before scooping up shares of beaten-down oil services companies, as a slump in crude prices raises questions about their ability to pay back debt. "People are just starting to dump these bonds given the trajectory of oil prices," Saxo Bank Chief Investment Officer Steen Jakobsen said.

  • BISMARCK, N.D., Dec 19- Tumbling U.S. oil markets hit an important if obscure milestone on Thursday, closing for the first time at a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. "We're really at the point where we could start calculating this," Ryan Rauschenberger, North Dakota's tax commissioner, said...

  • Why the bottom for the oil sector could be near Monday, 15 Dec 2014 | 8:46 AM ET
    A driver refuels his luxury Ferrari automobile with unleaded petrol at an Esso gas station, operated by Exxon Mobil Corp., in Guildford, U.K.

    Energy stocks will reach a bottom when investors feel they can't own them at any price—and that time is near, said Fundstrat founder Tom Lee.

  • Bakken-Cushing pipeline project slammed shut Saturday, 13 Dec 2014 | 11:01 AM ET
    Tomco oil workers sands facility sign, oil field, oil pipeline

    Enterprise Products Partners is shelving a pipeline that would have transported crude from North Dakota to Oklahoma, the company said Friday.

  • OPEC cuts 2015 forecast as shale boom persists Wednesday, 10 Dec 2014 | 8:08 AM ET
    Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and the U.S. shale boom.

  • NEW YORK, Dec 9- The S&P 500 ended nearly flat on Tuesday as concerns about global weakness and political turmoil were offset by gains in technology and energy shares. Advancing issues outnumbered declining ones on the New York Stock Exchange by a ratio of 1.53 to 1. Still, the number of NYSE stocks making new 52- week lows was 255, compared with just 117 making new...

  • The silent crash in commodities—a warning sign Tuesday, 9 Dec 2014 | 12:32 PM ET
    copper pennies

    We should heed the warning sign that the silent crash in commodities is flashing, says Ron Insana.

  • US STOCKS-Global demand worries drag Wall St lower Tuesday, 9 Dec 2014 | 11:30 AM ET

    NEW YORK, Dec 9- U.S. stocks were sharply lower on Tuesday as investors shunned risk over concerns about the impact of lower oil prices on the global economy and political turmoil in Greece. "You've seen some real volatility in everything from energy to currencies and it's had a bit of a spillover effect on the market as people try to think about the impact of these...

  • NEW YORK, Dec 9- U.S. stock index futures declined on Tuesday, putting the S&P 500 on track to extend losses after suffering its biggest drop since Oct. 22 in the prior session on concerns about global growth. Oil prices have been under pressure as the dollar has strengthened and OPEC decided against an output cut. *U.S.-listed shares of Seadrill gained 3.1 percent to...

  • NEW YORK, Dec 9- U.S. stock index futures declined on Tuesday, putting the S&P 500 on track to extend losses after suffering its biggest drop since Oct. 22 in the prior session on concerns about global growth. *U.S.-listed shares of Seadrill gained 4.5 percent to $12.09 before the opening bell. John Fredriksen, the biggest owner of the offshore driller, purchased...

  • One NATO state wins big from clashes with Putin Sunday, 7 Dec 2014 | 9:00 AM ET
    Russian President Vladimir Putin (R) Turkish President Recep Tayyip Erdogan (L) seen during a welcoming ceremony in Ankara, Turkey on Dec. 1st, 2014.

    Vladimir Putin is trying to make the best of a tough geopolitical situation, and one NATO member is seeing big benefits.

  • Oil war is sticky, but OPEC may be forced to act Friday, 5 Dec 2014 | 3:03 PM ET
    Workers check the valves at the Taq Taq oil field in Arbil, Iraq, in this Aug. 16, 2014 photo.

    Oil prices are expected to stabilize, but OPEC will probably be forced to cut production, analysts say.

  • Viewer feedback time with Jake Novak   Wednesday, 3 Dec 2014 | 4:00 PM ET
    Viewer feedback time with Jake Novak

    CNBC's Jake Novak responds to reader comments on a recent CNBC.com column that blamed progressives and green activists for threatening the U.S. energy boom.