Mach Dives into Permian, San Juan with $1.3B M&A
Midcontinent-focused Mach Natural Resources is expanding into the Permian and San Juan basins, doubling its production and adding greater natural gas exposure.
OPEC Trims Oil Demand for Next Four Years, Says No Peak in Sight
Summary OPEC says peak demand is not in sight OPEC expects demand to grow for longer than other forecasters Demand growth is slowing in China (Reuters) – OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its longer-term view, based on rising …
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Trump Calls Wind, Solar Bad for Power Grid. Texas Shows Otherwise
Summary Texas grid relies increasingly on solar and wind power State reduces blackout risk with battery storage Big fossil fuel dependent grid PJM doing worse on cost and reliability (Reuters) – President Donald Trump claims that rapid adoption of solar and wind power has made U.S. electricity unstable and expensive, justifying his bid to end …
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APA Curtails US Natgas and NGL Production in Second quarter on Weak Prices
APA Corp said on Wednesday it curtailed about 10 million of cubic feet per day (MMcfpd) of U.S. natural gas production and 750 barrels per day of U.S. natural gas liquids output during the second quarter due to weak prices. `-The U.S. oil and gas producer also completed the sale of its New Mexico assets …
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Norway’s Equinor Makes Gas Find in Barents Sea
(Reuters) – Norway’s Equinor has discovered gas in the Skred prospect near the Johan Castberg field in the Barents Sea, the Norwegian Offshore Directorate said on Thursday. Preliminary estimates indicate a discovery of between 0.3 billion and 0.5 billion standard cubic metres of recoverable gas equivalent, corresponding to between 1.9 million and 3.1 million barrels …
Oil Edges Down Amid Bearish Trump Tariff Outlook
Summary Threat of 50% tariffs on Brazil, copper cloud growth outlook Weaker dollar, U.S. gasoline demand growth provide support OPEC+ actual output unlikely to rise much, even with quota increases – analysts (Reuters) – Oil prices edged lower on Thursday as investors weighed the potential impact of U.S. President Donald Trump’s tariffs on global economic growth. Brent crude …
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E&P Pricing Models Factor in Volatility, Says BOK Expert
Integrating global volatility into pricing models means cleaner balance sheets with improved leverage and room to deploy capital creatively, says BOK Financial’s Mari Salazar.
GM Joins Exxon, Chevron in Smackover Lithium Hunt
General Motors startup EnergyX purchased 35,000 acres in the Smackover Formation, where Exxon Mobil and Chevron have received made acquisitions.
Peak Oil? Maybe at $70, Not at $100
A Hart Energy analysis at $100 oil, using Kimmeridge Energy Management metrics at $70 oil, suggests more than 100,000 future U.S. oil-well prospects. Just add dollars.
APA Curtailed 2Q25 Production on Weak Waha Prices
APA Corp. said it curtailed production in the second quarter in response to low natural gas prices.