December 8, 2025 – Oil & Gas 360

NOG Announces $1.2 Billion Joint Acquisition with Infinity Natural Resources: Acquiring Premier Utica Upstream Assets with Fully Integrated, Scaled Midstream Assets; Considerably Enhances and Expands NOG Natural Gas Profile

December 8, 2025

(Oil & Gas 360) – HIGHLIGHTS NOG to partner with Infinity Natural Resources (“Infinity”) to purchase the Ohio Utica assets (the “Utica Assets”) of Antero Resources Corporation and Antero Midstream Corporation (collectively, “Antero”), for a combined unadjusted purchase price of $1.2 billion in cash (the “Purchase Price”) NOG’s non-operated interest will represent a 49% undivided ownership in the Utica Assets

Antero announces $2.8 billion Marcellus acquisition, Utica sale in strategic realignment

December 8, 2025

(World Oil) – Antero Resources has announced a sweeping portfolio realignment, unveiling a $2.8 billion agreement to acquire HG Energy II’s upstream assets in West Virginia’s core Marcellus Shale while simultaneously divesting its Ohio Utica position for $800 million. The transactions—paired with parallel midstream deals by Antero Midstream—mark one of the largest Appalachian basin restructurings in recent years. The company said the

Surge in natural gas prices sets the stage for coal comeback

December 8, 2025

(Oil Price) – As U.S. natural gas prices jumped to a three-year high, coal has become a cheaper power-generating fuel for utilities, which are set to run coal-fired generators harder this winter. U.S. benchmark natural gas prices at Henry Hub have jumped from $4.23 per million British thermal units (MMBtu) at the start of November to above $5 per MMBtu by early December.

The next frontier for critical minerals

December 8, 2025

(Oil Price) – There is a rising global interest in extracting much-needed critical minerals from the Arctic to meet the growing needs for various metals and minerals. However, environmentalists are concerned about what impact the exploitation of vast untapped reserves in the region might have on wildlife and the environment. Despite potentially holding huge reserves of critical minerals, several countries have

Kazakhstan’s CPC oil pipeline will not return to full export capacity before December 11, sources say

December 8, 2025

(BOE Report) – Kazakhstan’s Caspian Pipeline Consortium, which accounts for 1% of global crude supply, will not return to full export capacity until at least December 11 after a Ukrainian drone attack damaged a key part of its terminal, two industry sources told Reuters. The CPC terminal, which handles around 80% of Kazakhstan’s oil exports, was damaged by a Ukrainian

North Sea shakeup: TotalEnergies, NEO NEXT merge to form UK’s largest independent operator

December 8, 2025

(World Oil) – TotalEnergies has signed an agreement to merge its UK Upstream business with NEO NEXT, forming a newly expanded company—NEO NEXT+—that will become the largest independent oil and gas producer in the United Kingdom. The deal positions TotalEnergies as the new entity’s leading shareholder with a 47.5% ownership stake. Following completion—expected in the first half of 2026 pending regulatory

Oil falls amid ongoing Ukraine talks, ahead of expected US interest rate cut

December 8, 2025

(Investing) – LONDON – Oil prices fell on Monday as investors monitored ongoing talks to end the war in Ukraine and ahead of an expected U.S. Federal Reserve interest rate cut this week. Brent crude futures fell by 56 cents, or 0.9%, to $63.18 a barrel by 1348 GMT, while U.S. West Texas Intermediate crude was at $59.51, down 57 cents, or

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