Oil & Gas News Archives

Harvest, Natural Gas, Oil, Permian, Uinta, MPLX

Harvest Expands into Uinta, Green River with MPLX Deal

Harvest Midstream, the Houston-based energy company owned by Hilcorp Energy founder Jeff Hildebrand, has reached an agreement to acquire a $1 billion...

New Mexico’s State Land Office shattered revenue records for the second consecutive month, earning $256 million in lease bonus payments

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New Mexico Oil Lease Sale Breaks Records, Brings in $256 Million for Schools

Story by Kevin Hendricks, nm.news |New Mexico’s State Land Office shattered revenue records for the second consecutive month, earning $256 million in...

Permian, Crescent Energy, Vital Energy, Oil, Gas

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Crescent Acquires Vital Energy, Targets Permian Growth

U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy in an all-stock transaction valued at $3.1 billion,...

Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, ending with weekly gains.

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Oil Prices Rise, Make Weekly Gains as Ukraine Peace Process Stalls

HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with...

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Chevron Folds Hess Exploration Into Its Own Team

Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning, marking one of the most significant upstream transactions...

Oil prices climbed 2% Wednesday on a bigger-than-expected weekly drop in U.S. crude inventories, as investors focus on Ukraine war talks

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Oil Prices Climb 2% on Drop in U.S. Crude Inventories as Investors Focus On Ukraine Peace Push

US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace talks affects oil price volatility Trump says the...

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Shale Industry Sees Record M&A as Companies Seek Scale

Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more than quadrupling from the previous year despite a...

The EIA cut its West Texas Intermediate (WTI) average spot crude oil price forecast in its latest short term energy outlook for 2025-2026

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USA EIA Sees WTI Oil Price Under $48 Per Barrel in 2026

By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West Texas Intermediate (WTI) average spot crude oil price...