Prairie Operating Closes $600MM D-J Acquisition from Bayswater
Prairie Operating Co. has closed on its $602.75 million acquisition of Denver-Julesburg Basin assets from Bayswater Exploration and Production.
US NatGas Prices Climb 2% on Decline in Daily Output, Record LNG Flows
By Scott Disavino US gas output on track to hit monthly record in March US LNG export feedgas set to hit monthly record in March US gas inventories on track for unusual build in March March 27 (Reuters) – U.S. natural gas futures climbed about 2% on Thursday on a decline in daily output, record …
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Oil Approaches One-Month Highs as Investors Assess Supply, Trade War Risks
By Stephanie Kelly and Enes Tunagur Markets mixed on impact of Trump auto tariffs Tariffs on Venezuelan oil buyers still supporting prices Prices unlikely to return to early 2025 highs, some analysts say NEW YORK, March 27 (Reuters) – Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with …
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EU Targeting Energy Laws in Drive to Cut Red Tape, Sources Say
By Kate Abnett BRUSSELS, March 27 (Reuters) – The European Commission is considering changes to EU energy laws as part of its next package of proposals to cut the regulatory burden for struggling industries, sources familiar with the matter told Reuters. Brussels has launched a drive to remove layers of bureaucracy that European businesses say …
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TotalEnergies, Partners Reach FID for Northern Lights CCS Phase 2
The second phase is expected to increase the project’s transport and storage capacity to more than 5 million tons of CO2 per year in 2028, TotalEnergies says.
Refrac King BKV Sees More Runway in Barnett Shale
BKV says it has more than 15 years of refrac and new drilling inventory in the Barnett.
Baker Hughes Awarded Drilling Contract for Gas Storage Project in Dubai
The new contract adds to the work Baker Hughes Co. is already doing on Dubai Petroleum Establishment’s Margham Gas project.
BP Earns Approval to Redevelop Oil Fields in Northern Iraq
The agreement with Iraq’s government is for an initial phase that includes oil and gas production of more than 3 Bboe, BP stated.
Exclusive: Energy Trader Vitol Eyes $3 Billion Sale of US Shale Producer, Sources Say
By Shariq Khan and David French VTX is one of few private operators of scale left in the Permian Vitol working with Jefferies to find potential buyers Deliberations at an early stage, deal is not guaranteed -sources VTX produces 46,000 boepd across two Texas counties NEW YORK, March 27 (Reuters) – Global commodities trader Vitol …
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US Oil Producers Face New Challenges as Top Oilfield Flags
By Shariq Khan and Georgina Mccartney Slowest Permian oil output growth forecast since pandemic Permian slowdown in contrast to Trump’s ‘drill, baby, drill’ mantra Gas and water output rises as the field ages, increasing costs Gas-to-oil ratio rises as gas output up eight-fold in past decade Water-to-oil ratio already high at Permian’s core, even higher …
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