U.S. crude inventories fell, while fuel stocks rose last week, market sources said on Tuesday, citing data from the American Petroleum Institute. Crude stocks fell by about 3.3 million barrels in the week ended July 24, the sources said on condition of anonymity.
Matador Resources Co. recently announced two deals totaling nearly $1.5 billion with portfolio companies of Houston-based private equity firm EnCap Investments that will add tens of thousands of acres of undeveloped oil- and natural gas-producing properties to its already substantial profile in the Delaware Basin.
Curious Minds Corner
What is a “field” in oil and gas terminology?
A geographic area containing one or more reservoirs of hydrocarbons.