News of Prairie Operating’s production shortfall on Aug. 12 crushed its stock from $3.57 to as low as $2.18 as Ed Kovalik, chairman and CEO, began to address attendees Aug. 19 at the EnerCom Denver energy investment conference.
(Reuters) – Mergers and acquisitions in the U.S. oil and gas sector tripled last year despite softer commodity prices as energy companies boosted spending to improve efficiency and profits, according to a report released on Tuesday. WHY IT’S IMPORTANT The jump in dealmaking marks a shift in strategy after years of focusing on shareholder returns …
US Oil and Gas M&A Activity Tripled Last Year, Report Says Read More »
(Reuters) – BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, on Tuesday reported flaring due to flooding caused by a severe thunderstorm overnight, the company said. “The Whiting Refinery’s operations were impacted by the significant thunderstorms overnight in Northwest Indiana that led to flooding and severe conditions in the surrounding neighborhoods,” the company said on Tuesday in …
Iraq signed an agreement with Chevron Corp. for four exploration blocks in addition to the development of other producing oil fields.
Hope Utilities’ $20 million project aims to deliver natural gas to American Electric Power’s fuel cell-powered data center by 2026.
Venture Global’s Plaquemines LNG advances toward its full 1.6 Bcf/d capacity as final train enters the commissioning phase.
By Andrea Shalal WASHINGTON, Aug 19 (Reuters) – U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable. Bessent told CNBC in an interview that Russian oil now accounted for 42% of India’s total …
US Treasury Chief Bessent Accuses India of Profiteering on Russian Oil Purchases Read More »
By Robert A. Lawson and Matthew D. Mitchell US Economic Freedom in a Trade War: Economic Freedom of the World 2025 Pre-release President Trump claims that the United States has been “ripped off by virtually every country in the world.” With the exception of China, every country Trump has singled out for treating America unfairly …
(Reuters) – U.S. natural gas futures fell about 4% to a nine-month low on Tuesday on near-record output, ample fuel in stockpiles and forecasts for less hot weather and lower demand through early September than previously expected. Another factor weighing on gas prices was a decline in the amount of gas flowing to liquefied natural …
US Natgas Prices Drop 4% to Nine-Month Low on Record Output, Cooler Weather Read More »
Year-over-year mergers and acquisitions (M&A) activity surged 331%, totaling $206.6 billion Focus shifts to future drilling potential through strategic acquisitions Capital returned to shareholders declined NEW YORK, Aug. 19, 2025 /PRNewswire/ — The U.S. oil and gas industry is experiencing a seismic transformation, driven by a wave of mergers and acquisitions that has narrowed the …
