Thursday, May 7, 2026

5 Firms Get Piece of $3.8 Billion Energy Deal

From Texas Lawyer Five law firms have a piece of an energy deal that creates a combined company valued at $3.8 billion and focused on the STACK play in Oklahoma. Latham & Watkins represents Silver Run Acquisition Corp. II, which announced definitive agreements on Aug. 16 to merge with Alta Mesa Holdings, which is represented by Haynes and Boone, and Kingfisher Midstream, which

Most New Permian Oil will Go Toward Exports from Houston, Corpus Christi

From The Houston Chronicle Most of the new crude oil produced in West Texas’ Permian Basin during the next few years will be shipped from Gulf Coast ports to growing nations in Asia and other regions, according to analytics firm IHS Markit. So while domestic oil consumption is rising only slightly, the foreign demand for U.S. oil is booming, spurred

Iraq Plans Major Change to Oil Pricing

From Reuters/Arab News  DUBAI: Iraq has informed its customers that it plans to switch its price benchmark for Basra crude in Asia to DME Oman futures from January, dropping the average of Platts’ Oman-Dubai quotes, in a major shift in the way it prices its oil. The proposal by state-oil marketer SOMO would mark a significant change by OPEC’s second-largest

Uranium Out, Lithium In: Colorado Uranium Miner Changes Name, Ticker

From the Denver Business Journal A Colorado uranium company that’s branching out into more lithium production said it’s changing its name. Uranium Resources Inc. (Nasdaq: URRE) of Centennial said it’s changing its name to Westwater Resources Inc. effective today. Its stock symbol on the Nasdaq Stock Exchange is also changing, to “WWR.” “As our lithium business grows to support the rising demand for

When Will Oil Prices Break Out of this Narrow Range?

From The Fuse Oil prices congested in $47-$50 range Hedge funds are net long by 900,000 contracts in ICE and NYMEX petroleum contracts S. oil production set to rise by 550,000 b/d in 2H S. crude inventories down 5 percent y-o-y Brent shifts to backwardation, signaling some success for OPEC Oil has been trading in a tight range this month.

When Will Mexico Start To Frac For Natural Gas?

From Forbes Mexico has fracked just a few test wells, while the U.S. has had nearly 2 million commercial ones. Mexico hasn’t yet produced shale gas, compared to the U.S., which now that the Anadarko play in Oklahoma has been added to the EIA’s Drilling Productivity Report on 7 shale plays is producing 60 Bcf/d of shale gas – over 80% of total