February 19, 2026 - Oil & Gas 360

Asset Sales, debt reduction and gas growth mark Q4 E&P moves- oil and gas 3600

Asset Sales, debt reduction and gas growth mark some Q4 E&P moves

February 19, 2026

(By Oil & Gas 360) – Capital discipline continues to define strategy across the U.S. energy sector. SM Energy announced an agreement to sell its South Texas assets to Caturus Energy for $950 million, further streamlining its portfolio and reinforcing liquidity. The transaction reflects an industry trend toward concentrating capital in core operating areas while monetizing non-core positions. Occidental Petroleum

US to West’s energy watchdog: scrap net zero focus or we’ll quit

February 19, 2026

(Investing) – PARIS – U.S. Energy Secretary Chris Wright gave the International Energy Agency on Thursday a one-year deadline to scrap its support of goals to reduce energy emissions to net zero or risk losing the United States as a member. European countries played down the threat at the agency’s biennial meeting and restated their commitment to pursuing cleaner fuel. In

After years of buybacks, big oil is drilling again

February 19, 2026

(Oil Price) – After years of prioritizing returning cash to shareholders, oil supermajors are about to do something few expected: turning to growth as a top priority. The reason: contrary to dominant expectations, oil and gas will continue to be needed for decades. For years, analysts from some of the most reputable organizations have been predicting a pending decline in oil

Oil & Gas 360® Premium: Step-by-step guide to explore the valuation dashboards

February 19, 2026

(Oil & Gas 360) – EnerCom, Inc., a leading energy communications and consulting firm, has expanded its Oil & Gas 360® Premium subscription service, offering energy investors and industry professionals access to deeper analytics, valuation tools, and market intelligence designed to support better, faster decision-making. Here’s a quick walkthrough of how to make the most of your Premium access: 1.

Saudi Arabia crude exports fall to three month low in December

February 19, 2026

(BOE Report) – Crude oil exports from the world’s largest oil exporter fell to 6.988 million barrels per day, down from 7.378 million bpd in November and its lowest since September, data from the Joint Organizations Data Initiative showed on Thursday. Saudi Arabia’s crude output stood at about 10.084 million bpd in December, its highest since April 2023. Output in

Occidental reduces debt after OxyChem sale, posts strong quarter

February 19, 2026

(World Oil) – Occidental Petroleum reported fourth-quarter 2025 production that exceeded guidance and continued balance sheet improvement following the sale of its OxyChem business, the company announced Tuesday. Total company production averaged 1.48 MMboed during the quarter, surpassing the high end of guidance, with strong contributions from the Permian basin and Rockies. U.S. Gulf and international production met expectations. Occidental generated

Oil prices near six-month highs on concern over potential US-Iran conflict

February 19, 2026

(Investing) – LONDON – Oil prices rose on Thursday, driven by growing concerns about potential military conflict between the U.S. and Iran as both stepped up military activity in the oil-producing Middle East. Brent futures were up $1.13, or 1.6%, to $71.48 a barrel at 1418 GMT, while U.S. West Texas Intermediate (WTI) crude was up $1.16, or 1.8%, at $66.35. After advancing more

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 144 Bcf

February 19, 2026

Natural Gas Inventories as of February 13, 2026 The EIA has released its natural gas inventory report, showing a net decrease of 144 Bcf as of February 13, 2026. Working gas in storage was 2,070 Bcf as of Friday, February 13, 2026, according to EIA estimates. This represents a net decrease of 144 Bcf from the previous week. Stocks were

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