Tuesday, June 16, 2026
Exclusive Interview Oil & Gas 360

API: Wells Drilled and Completed Down Only 3.7% for Q3 2016

Decline Approaches ‘Flat’, Compared to Avg. 17.3% Quarterly Declines for the Past 18 Months Estimated oil wells drilled and completed in the third quarter of 2016 remained relatively unchanged from the previous quarter at 2,285. That is a decline of 3.7%, which follows an average of 17.3% in quarterly declines for the past year and a half. “Today’s report shows

Luxe Energy LLC Announces $524 Million Equity Commitment from NGP

Luxe Energy LLC (“Luxe”) is pleased to announce it has raised approximately $524 million of new equity commitments from NGP through NGP Natural Resources XI, L.P., the most recent NGP private equity fund focused on natural resources, and the Luxe management team. Luxe’s strategy is to acquire unconventional oil properties in oil and liquids rich basins throughout the United States,

First Major Bank Leaves London Over Brexit

From Law.com VTB Bank has become the first major financial institution to announce that it will relocate its European headquarters from London due to the U.K.’s decision to leave the EU. The Russian state-owned lender currently employs several hundred people in London and runs some global functions from the U.K. capital, including anti-money laundering and compliance. But VTB deputy chair