Crude oil prices were down today, set for the second consecutive weekly loss as glut perceptions deepen amid reports of rising oil inventories. At the time of writing, Brent crude was trading at $59.71 per barrel while West Texas Intermediate was changing hands for $55.99 per barrel.
A series of recent deals are reshaping gas production in the Haynesville shale basin, with established companies repositioning themselves and a new player emerging.
Curious Minds Corner
What’s the difference between conventional and unconventional natural gas?
Conventional gas comes from porous, permeable reservoirs; unconventional gas is trapped in low-permeability rock (tight sandstones, shale, coal seams), often requiring special techniques like fracking.