Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

U.S. Exempts Gulf of Mexico Drillers from Endangered Species Rules

April 1, 2026

The Endangered Species Committee in U.S. President Donald Trump’s administration has granted an exemption for oil and gas activities in the Gulf of America, following a determination by the Secretary of War that such an exemption is necessary for national

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OIC Successfully Closes Credit Opportunities Fund Above Target at $1.58 Billion

April 1, 2026

OIC has successfully closed on its OIC Credit Opportunities Fund IV, with total commitments of approximately $1.58 billion. The fund closed 43 percent above its $1.1 billion target, reflecting strong investor demand while maintaining OIC’s disciplined focus on middle-market infrastructure

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EIA: U.S. Crude Oil Production Rose in 2025, Setting New Record

April 1, 2026

U.S. crude oil production grew by 3 percent, or 350,000 barrels per day (b/d), in 2025, setting a new annual production record of 13.6 million b/d, according to EIA’s Short-Term Energy Outlook (STEO). Production from the Lower 48 states excluding

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Infinity Natural Resources Completes $1.2 Billion Acquisition of Ohio Utica Assets

March 31, 2026

Infinity Natural Resources (INR) has completed its transformational $1.2 billion acquisition of upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream. A $350 million strategic equity investment from Quantum Capital Group and Carnelian Energy

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DXP Enterprises Acquires Water Service Company Pump Solutions

March 31, 2026

DXP Enterprises has completed the acquisition of Pump Solutions. Founded in 1999, Pump Solutions is headquartered in New Caney, Texas and operates out of four locations servicing Texas. Pump Solutions is a leading distributor of pumps, controls, and related service

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U.S. Approves Sentinel Midstream’s Texas Gulflink Deepwater Crude Oil Export Terminal

March 31, 2026

The U.S. Transportation Department has approved Sentinel Midstream’s deepwater oil export project, Texas GulfLink, off the Texas coast. This project supports the Trump administration’s oil industry growth agenda, enabling the export of up to one million barrels of crude oil

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Caturus to Acquire SM Energy’s Galvan Ranch Assets in South Texas for $950 Million

March 31, 2026

Caturus Energy has entered into a definitive agreement with SM Energy to acquire SM’s Galvan Ranch assets for $950 million. The acquisition includes approximately 60,000 high‑quality net acres in South Texas and ~250 MMcfe/d of production from 260 producing wells.

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Interior Department Moves to Cut Red Tape for Offshore Oil and Gas Industry

March 31, 2026

The Department of the Interior is proposing updates to reduce costly regulations on the offshore oil and gas industry, freeing up billions of dollars for investment, exploration, production and job growth. The proposal would roll back requirements from a 2024

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Eco Atlantic Oil & Gas Partners with Navitas Offshore Guyana, South Africa

March 31, 2026

Eco Oil & Gas Ltd. has entered into a binding framework agreement — the Orinduik option and the Block 1 CBK option — with Navitas Petroleum is an international oil and gas exploration and production partnership with a portfolio of

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Magnolia Oil & Gas Appoints R. Lewis Ropp to Its Board of Directors

March 31, 2026

Magnolia Oil & Gas Corporation has appointed R. Lewis Ropp as an independent director of the board, effective immediately. Ropp will serve as a member of the audit committee. “Lewis’s strong background in finance, capital markets, and investment management as

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