Friday, June 20, 2025
Fracing

EIA Annual Energy Outlook Sees Low, Stable Natural Gas Price Driving Higher Consumption and Growing LNG Exports

The EIA released its newest energy consumption and production projections today in its newest release of Annual Energy Outlook 2017. Across most cases, natural gas production increases despite relatively low and stable natural gas prices, supporting higher levels of domestic consumption and natural gas exports. Projections are sensitive to resource and technology assumptions, the EIA said. U.S. natural gas consumption

Permian Growth Underpinned 117% Surge in Deal Value in 2016: PLS

2017 M&A Market “Primed for Growth” 2016 merger and acquisition activity for the upstream energy sector in the United States more than doubled to $69 billion in 385 deals, according to market research firm PLS. Deal value increased 117% over 2015, which saw $32 billion transacted in 285 deals. $85 billion was transacted in 437 deals during the much higher-priced

Iraq

Doubt Surrounds OPEC Deal as Iraq Struggles to Make Cuts

Iraq may owe international oil companies compensation for lost production Less than a week into the new year, many oil market experts are beginning to wonder if OPEC will be able to follow through with its production cuts. Already Iraq, the group’s second-largest producer, appears to be facing problems in implementing cuts as the cash-strapped country looks to lower output

VAALCO Energy Announces Successful Workover of Avouma 2-H Well, Producing 2,700 BOPD Gross

Company Net Production is Averaging 4,600 BOEPD VAALCO Energy, Inc. (ticker: EGY) announced today that the Avouma 2-H well on the Avouma Platform offshore Gabon is back on production after utilizing a hydraulic workover unit to replace a failed Electric Submersible Pump (ESP) system.  The well is currently producing at a stabilized rate of 2,700 barrels of oil per day