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Biden Administration Restricts Oil and Gas Leasing in 13 Million Acres of Alaska’s Petroleum Reserve
April 23, 2024
The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres (5.3 million hectares) of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic
Texas Oil and Gas Upstream Jobs Grow by 4,500, Highest Single Month of Growth in Over a Decade
April 23, 2024
According to newly released data from the Texas Workforce Commission, employment in the upstream sector of the Texas oil and gas industry grew by 4,500 jobs in March, representing the highest single month growth in upstream jobs since June of
DOI Denies Ambler Road Access in Final EIS, Issues Final Rule for Depletion of Oil and Gas Drilling
April 22, 2024
The Department of the Interior took two actions to help ensure millions of acres in Alaska are appropriately managed to protect the subsistence economy important to Alaska Native people and rural communities; conserve important fish and wildlife habitat; and balance
U.S. Drillers Add Oil and Gas Rigs for First Time in Five Weeks
April 22, 2024
U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator
Mountain V Oil & Gas Acquires AXP Energy’s Appalachian Assets for $4 Million
April 19, 2024
Mountain V Oil and Gas, has acquired AXP Energy, an Australian oil and gas company with assets in Tennessee, Kentucky, and Virginia. The $4 million purchase solidifies Mountain V’s position as a reliable and sustainable producer of oil and gas
Enterprise Secures Deepwater Port License for Spot Project, Texas
April 19, 2024
Enterprise Products Partners said it has received the deepwater port license for the Sea Port Oil Terminal (SPOT) from the United States Maritime Administration (MARAD). The license enables Enterprise to move forward to the next step in developing the offshore
Beacon Offshore Energy Completes Divestment of Its Non-operated Interests in Gulf of Mexico
April 19, 2024
Beacon Offshore Energy has completed the divestment of its non-operated interests in certain fields in the deepwater Gulf of Mexico with an affiliate of O.G. Oil & Gas Limited. The divestment includes Beacon’s 18.7 percent interest in the Buckskin producing
TotalEnergies Acquires Lewis Energy Group’s Eagle Ford Interest
April 19, 2024
TotalEnergies has agreed to acquire the 20 percent interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80 percent) in the Eagle Ford shale gas play, increasing its natural gas production capacity in Texas and
Trillion Energy Begins SASB Revitalization Project
April 19, 2024
Trillion Energy International has released an operational update for its SASB gas field. Trillion is starting the SASB revitalization project now as all relevant equipment and supplies for the start of the operations arrive mid-April 2024. A total of 49
Texas Wildcatter and Developer Herbert Hunt Passes Away at 95
April 19, 2024
Oil wildcatter W. Herbert Hunt, a scion of the Hunt Oil dynasty who left a massive business and philanthropic footprint in Dallas and Texas, has died at the age of 95. Hunt became one of the world’s most prominent oil
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