Comstock Resources, an oil and gas company based in Frisco, Texas, has announced that it will suspend its quarterly dividend due to the continued downturn in natural gas prices. This decision comes as natural gas prices for March delivery experienced a seventh consecutive drop on the Nymex exchange, closing at $1.689 per million British thermal units. Adjustments Made to 2024 … [Read more...] about Comstock Resources Temporarily Suspends Dividend
natural gas prices
U.S. Oil Rigs Report Slight Increase, Crude Oil Production Reaches Record High
Date: 1513 EST According to a report from oil services company Baker Hughes, the number of oil drilling rigs in the U.S. has increased by two units compared to the previous week, reaching a total of 500 rigs. However, this number is still 121 rigs lower than the count from a year ago. Despite the decline in rig count, U.S. crude oil production has been consistently reaching new … [Read more...] about U.S. Oil Rigs Report Slight Increase, Crude Oil Production Reaches Record High
