Wednesday, June 25, 2025
$728-Million Award for Vantage Drilling Upheld by U.S. District Court - Oil & Gas 360

$728-Million Award for Vantage Drilling Upheld by U.S. District Court

Petrobras motion to vacate is struck down By Tyler Losier This Monday, Vantage Drilling International (stock ticker: VTGGF) announced in a press release that U.S District Court Judge Alfred H. Bennett of the Southern District of Texas had granted a petition to uphold the arbitration award Vantage had previously sought to obtain from Petrobras Brasileiro S.A. (stock ticker: PBR). As

U.S. Interior Secretary David Bernhardt has agreed to put off oil and gas leasing for a year on land that Native Americans consider sacred surrounding Chaco Culture National Historical Park in northwestern New Mexico. wo New Mexico counties remain among the top oil-producing counties in the U.S., according to new federal numbers.Data from the U.S. Energy Information Administration shows that Lea County was the No. 2 oil-producing county in January behind North Dakota’s McKenzie County - Oil & Gas 360

Two New Mexico Counties Among Nation’s Top Oil Producers

From THE ASSOCIATED PRESS HOBBS, N.M.—Two New Mexico counties remain among the top oil-producing counties in the U.S., according to new federal numbers. Data from the U.S. Energy Information Administration shows that Lea County was the No. 2 oil-producing county in January behind North Dakota’s McKenzie County, The Hobbs News-Sun reported. Lea County produced 14.6 million barrels of oil in January while McKenzie