Energy stocks declined premarket Monday as the Energy Select Sector SPDR Fund (XLE) fell by 0.4% recently.

The United States Oil Fund (USO) was down 0.5% and the United States Natural Gas Fund (UNG) was 5.1% lower.

Front-month US West Texas Intermediate crude oil was down 0.4% at $74.38 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.4% to $77.26 per barrel. Natural gas futures were down 5.4% at $3.265 per 1 million British Thermal Units.

Diversified Energy (DEC) shares were over 3% higher after the company said it has agreed to purchase Maverick Natural Resources, an EIG portfolio company, for approximately $1.28 billion.

Chevron (CVX) said its Cabinda Gulf Oil operations in Angola have resumed normal operations after an oil sheen and debris were found nearby along the Atlantic Ocean coastline, Bloomberg reported. Chevron shares were up 0.1% pre-bell.

Schlumberger (SLB) shares were down 0.6% after the company said its SLB Capturi joint venture won a contract from Hafslund Celsio to support a carbon capture project for a waste-to-energy facility in Oslo, Norway.