Friday, August 7, 2026
Drilling Down: Birch Resources emerges as Permian Basin leader in new year- oil and gas 360

Drilling Down: Birch Resources emerges as Permian Basin leader in new year

Houston Chronicle Houston oil company Birch Resources is emerging as a leader of drilling activity in the new year. Barely a week into 2020, the company is already seeking permission from the Railroad Commission for permission to drill 26 new horizontal wells in the Permian Basin. Located about 9 miles southeast of the Upton County town of Lenorah, the wells

Unit Corporation announces extension of expiration date of exchange offer- oil and gas 360

Unit Corporation announces extension of expiration date of exchange offer

Oil and Gas 360 TULSA, OKLA. – Unit Corporation (the “Company” or “Unit”) announced that it has extended the Expiration Date for its previously announced offer to exchange (the “Exchange Offer”) any and all of its outstanding 6.625% Senior Subordinated Notes due 2021 (CUSIP No. 909218AB5 / ISIN US909218AB56) (the “Old Notes”) for newly issued 10.000% Senior Secured Notes due

Exclusive: PDVSA's partners act as traders of Venezuelan oil amid sanctions - documents- oil and gas 360

Exclusive: PDVSA’s partners act as traders of Venezuelan oil amid sanctions – documents

Reuters CARACAS/PUNTO FIJO, Venezuela – Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to joint-venture partners including Chevron Corp (CVX.N), which in turn market the oil to customers in Asia and Africa. This would not violate sanctions as long as sale proceeds are used for paying off

UAE to double renewable energy portfolio in next ten years: ADNOC- oil and gas 360

UAE to double renewable energy portfolio in next ten years: ADNOC

Reuters ABU DHABI (Reuters) – The United Arab Emirates grew its renewable energy portfolio by more than 400% in the last 10 years, and is on track to double that again in the coming decade, Abu Dhabi National Oil Co. chief executive Sultan al-Jaber said on Monday. “We (ADNOC) will increase our carbon capture utilization and storage program by 500%

Energy markets are in transition, and investors are retreating. Here’s why- oil and gas 360

Energy markets are in transition, and investors are retreating. Here’s why

CNBC While the stock market has boomed, energy stocks have not. Indeed, they have been the worst-performing sector over the last decade. Moreover, energy has dropped from 15% in 1990 to only 5% of the S&P 500 sector weightings in 2019. This is particularly ironic, since U.S. oil and gas production has boomed over the same period, making the United