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• Prairie Operating Adds Denver-Julesburg Basin Acreage
  Prairie Operating Co. has exercised an option to purchase undeveloped oil and gas leases and acreage...
  Prairie Operating Co. has exercised an option to purchase undeveloped oil and gas leases and acreage in the core of the Denver-Julesburg (D-J) Basin.
  
  Prairie Operating will purchase 20,328 net mineral acres in Weld County, Colorado, as part of an agreement made in May with Oklahoma’s Exok Inc., according to filings with the Securities and Exchange Commission.
  
  The acquisition includes 20,328 net mineral acres. Prairie Operating said the acquisition will be paid with $18 million cash and about $4 million in equity for a total consideration of about $22 million.
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• Closing Oil & Gas Prices for Wednesday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery fell 75 cents to $78.89 a barrel Wednesday. Brent crude for October delivery fell 82 cents to $83.21 a barrel.
  
  Wholesale gasoline for September delivery fell 2 cents to $2.77 a gallon. September heating oil fell 1 cent to $3.13 a gallon. September natural gas fell 6 cents to $2.50 per 1,000 cubic feet.
  
  
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• U.S. stocks log best day in nearly 2 months amid Nvidia earnings optimism
  U.S. stocks saw their biggest gain in nearly two months on Wednesday...
  U.S. stocks saw their biggest gain in nearly two months on Wednesday as optimism about Nvidia Corp.’s quarterly earnings, due out after the bell, helped push the tech-heavy Nasdaq into the lead. The S&P 500 SPX gained 48.58 points, or 1.1%, to 4,436.13, according to preliminary closing data from FactSet. The gain marked the index’s best day since June 30, according to Dow Jones Market Data. The Nasdaq Composite COMP meanwhile, rose 215.16 points, or 1.6%, 13,721.03, capping off a three-day winning streak and its best session since July 28. The Dow Jones Industrial Average DJIA gained 185.34 points, or 0.5%, to 34,474.17. Also, the S&P 500 managed to snap a streak of 36 consecutive days without a 1% gain, its longest such streak since the 42 trading day streak from July 26, 2021, to Sept. 22, 2021,
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• Offshore Oil Workers Fall Ill as 115-Degree Heat Sears the US Gulf Coast
  Heat-related illnesses are hitting workers on offshore oil and...
  Heat-related illnesses are hitting workers on offshore oil and gas platforms as searing temperatures bake the US Gulf Coast.
  
  A rare heat advisory from the Interior Department’s Bureau of Safety and Environmental Enforcement warned offshore oil companies on Tuesday to take extra precautions in the Gulf, including periodic breaks. In a few recent instances, affected workers have been taken to shore for further evaluation, the alert said.
  
  Extreme heat has smothered Texas and Louisiana for weeks. For the nearby offshore production regions, the heat index — a measure of what temperatures feel like when combined with humidity — has reached 100F to 110F (38C to 43C) degrees, said Rich Otto, a forecaster with the US Weather Prediction Center. The water temperature in the Gulf of Mexico has hit 88F in many areas off the coast of Texas and Louisiana, according to the US National Data Buoy Center.
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• Iran Aims to Boost Oil Output, Complicating OPEC+ and US Efforts
  Iran plans to keep raising oil production as back-door diplomatic efforts with the US appear to be easing...
  Iran plans to keep raising oil production as back-door diplomatic efforts with the US appear to be easing pressure on the Middle Eastern nation.
  
  The Islamic Republic expects to boost production to 3.4 million barrels a day by the end of summer, according to Oil Minister Javad Owji. That would put output near Iran’s capacity limit of 3.8 million barrels a day. The country has already boosted production by about 50% over the past two years, according to comments Owji made to the Iranian parliament’s energy committee reported by the ministry’s news service Shana.
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