Trends in the Oil and Gas Exploration and Production Market
Oil and Gas Exploration and Production Market Trends Oil and Gas Exploration and Production Market “Market Overview and Recent Developments The Oil and Gas Exploration and Production market plays a pivotal role in the global energy landscape, serving as the backbone for various sectors including transportation, manufacturing, and electricity generation. With the increasing global demand […]
Drop in US Oil and Gas Rig Count
US Oil, Gas Rig Count Falls The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior. The total rig count fell by 1 rig, to 592, according to Baker […]
Proposals Submitted for Gas Drilling Site in Burniston
Plans submitted for Burniston gas drilling site A planning application to drill for gas near the North York Moors National Park has been submitted. Europa Oil & Gas said it would install a 98ft (30m) tall drilling rig on land in Burniston, near Scarborough, as part of its “proppant squeeze” project, if the application was […]
UK to Revamp Oil and Gas Windfall Tax System Post-2030
UK to overhaul oil and gas windfall tax regime after 2030 The UK Government has announced plans to reform its windfall tax regime on oil and gas producers once the current levies expire in 2030. The government aims to transform the North Sea into a renewables hub, focusing on clean energy sources alongside existing oil […]
Oil and Gas Initiatives Accelerated as Minnesota Power Announces Transition Away from Fossil Fuels
Oil and gas projects fast-tracked, while Minnesota Power plans to quit fossil fuels Catch the latest energy news from around the Great Lakes region. Check back for these biweekly Energy News Roundups. Hundreds of energy projects may have their permits fast-tracked by the Trump administration, including Enbridge’s tunnel for Line 5 in the Straits of Mackinac and […]
Evolution Petroleum Acquires Oil and Gas Assets at a 40% Discount to PV-10 Valuation
Evolution Petroleum Acquires Oil & Gas Assets at 40% Discount to PV-10 Value 03/04/2025 – 07:45 AM Strategic Benefits of the Acquisition: Adds approximately 440 net BOEPD of stable, low-decline production.Enhances cash flow visibility with a balanced commodity mix.Strengthens Evolution’s long-term dividend sustainability.Offers low-risk development opportunities with potential for incremental production growth.~2.8x estimated Adjusted EBITDA1 […]
Texas Oil and Natural Gas Sector Sets New Production Milestones
Texas Oil and Natural Gas Industry Breaks New Production Records According to TIPRO, the industry supported over 2 million direct jobs in the U.S. last year, with total direct and indirect jobs tied to the industry reaching nearly 23 million. Image for illustration purposes Texas Border Business – Advertisement – AUSTIN, Texas – The Texas Independent […]
BLM Unveils Oil and Gas Lease Sale in Montana and North Dakota
BLM announces oil and gas lease sale in Montana and North Dakota BILLINGS, Mont. — The Bureau of Land Management Montana-Dakotas State Office announced an oil and gas lease sale for April 29. The sale will offer 11 oil and gas parcels, totaling 4,266 acres in Montana and North Dakota. Public comment was collected from […]
Why Wyoming’s Oil and Gas Industry Hasn’t Fully Embraced “Drill Baby Drill”
Why Wyoming’s Oil And Gas Industry Isn’t Yet “Drill Baby Drilling” Lindsey Miner has been “doing more with less” at her Casper, Wyoming, oil service business, Industrial Screen and Maintenance, as of late. But with President Donald Trump’s promises to “drill baby drill” she’s among many Wyoming oil and gas service business owners hopeful that an energy boom is waiting […]
Congress Repeals Methane Fee Targeting Oil and Gas Producers Established During Biden Administration
Congress Repeals Biden-Era Methane Fee for Oil and Gas Producers Congress Repeals Biden-Era Methane Fee for Oil and Gas Producers/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ The Republican-controlled Congress voted to repeal a Biden-era methane fee aimed at reducing planet-warming emissions from oil and gas producers. The Senate passed the measure 52-47, following a House […]