While US rig count slips, Oklahoma sees a gain in oil and gas drilling activity

 

 

After six straight days of losses, crude oil prices finally held their own on Friday as investors sat back at waited to see the outcome of a planned meeting between President Trump and Russia’s Vladimir Putin.

While holding steady though, crude oil prices still finished the week in a slump. Brent crude dropped 4.4% for the week while West Texas Intermediate crude fell even more—5.1%.

Brent crude gained 16 cents or 0.2% on Friday to settle at $66.59 a barrel.

West Texas Intermediate finished unchanged at $63.88 a barrel on the New York Mercantile Exchange.

Oklahoma energy stocks were split on Friday with NGL Energy Partners jumped more than 12% and Helmerich & Payne seeing a nearly 9% gain after the release of its earnings report while Mammoth Energy dropped more than 4%.

 

Alliance Resource Partners LP

25.29 USD−0.41 (1.60%)

99.14 USD−0.87 (0.87%)

166.62 USD−2.10 (1.24%)

7.16 USD−0.24 (3.24%)

Mach Natural Resources LP

14.49 USD−0.32 (2.16%)

Mammoth Energy Services Inc

2.34 USD−0.11 (4.49%)

14.91 USD+0.060 (0.40%)

NGL Energy Partners LP Unit

45.37 USD−0.47 (1.03%)

75.22 USD+0.100 (0.13%)

74.46 USD−1.02 (1.35%)

0.40 USD+0.00080 (0.20%)

14.82 USD−0.11 (0.74%)

57.89 USD−0.025 (0.043%)