Exploration & Production (E&P) Archives

Marubeni acquires Barnett shale operator EagleRidge Energy

July 7, 2026

(World Oil) – Marubeni Corporation has completed its acquisition of EagleRidge Energy, adding one of the largest operators in the Barnett shale to its growing North American natural gas portfolio. Dallas-based EagleRidge operates more than 3,500 wells across approximately 450,000 gross acres in North Texas and produces about 300 MMcfe/d, making it the third-largest producer in the Barnett Shale, according to the company.

World absorbs historic Iran war oil supply loss, but depleted stocks bring risks

July 6, 2026

(BOE Report) – The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began, but, with long-term peace elusive and buffer reserves now drained, it still faces the looming risk of future price spikes. Tehran’s throttling of the Strait of Hormuz in response to the U.S. and Israeli attacks

Trump Administration advances new California oil lease plans

July 2, 2026

(Oil Price) – The Bureau of Land Management is giving California another chance to weigh in on oil and gas leasing—whether the state wants it or not. On Thursday, the BLM opened a 30-day public scoping period for 50 federal oil and gas parcels covering roughly 36,000 acres across Kern, Kings, Fresno, and San Luis Obispo counties. The parcels could be

SandRidge to acquire Cherokee Play assets for $65 million

June 29, 2026

(Oil & Gas 360) – Publisher’s Note: SandRidge Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – SandRidge Energy has signed a definitive agreement to acquire producing assets and leasehold interests in the Cherokee Play in the Mid-Continent region for $65 million, strengthening the company’s position in an area where it has been

The United States has solved supply, not price

June 26, 2026

(Oil & Gas 360) By Greg Barnett, MBA – A June 2026 Perspective on the Monthly Energy Review, the Short-Term Energy Outlook, and the Global Forces Behind Your Gasoline Bill. The June 2026 edition of the Energy Information Administration’s Monthly Energy Review (MER) arrives with remarkably little drama. U.S. energy production remains strong. Consumption remains relatively stable. Exports continue to

Drone attack cuts output at Kazakhstan’s Karachaganak oil field

June 26, 2026

(World Oil) – Kazakhstan’s giant Karachaganak oil and gas field cut crude production by more than a quarter after a drone attack forced the shutdown of a processing plant in Russia that handles its gas. Karachaganak, one of Kazakhstan’s three largest hydrocarbon projects alongside Tengiz and Kashagan, accounts for about 10% of the country’s oil production. Because the field produces crude

Prairie Operating Co. appoints Gregory S. Patton Chief Executive Officer and Director and Michael J. Shelly Chief Financial Officer

June 25, 2026

(Oil & Gas 360) – HOUSTON, TX, June 25, 2026 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) – an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin – today announced the promotion of Gregory S. Patton to Chief Executive Officer and member of the

Trump admin takes aim at oil, gas drilling costs

June 24, 2026

(Oil Price) – The U.S. federal government will reduce costs for oil and gas drillers by slashing red tape for the industry, aiming to tempt drillers to expand on federal lands. In a news release this week, the Interior Department said it would revise the Bureau of Land Management’s rule for federal land leasing for oil and gas drilling as well as the

CanCambria Energy to Host Investor Update Webcast on Kiskunhalas Project and Recent Strategic Developments

June 23, 2026

(Oil & Gas 360) – Investor webcast scheduled for June 30, 2026, at 1:00 p.m. PDT. Vancouver, BC – June 23, 2026 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce that Dr. Paul Clarke, President and Chief Executive Officer, will host an investor webcast via Zoom on June 30, 2026,

Santos brings first Pikka wells online in Alaska

June 23, 2026

(World Oil) – Santos has commenced continuous production operations at the Pikka Phase 1 oil development on Alaska’s North Slope, marking a major milestone for one of the region’s largest new oil projects. The company said the first production wells are now online and delivering approximately 20,000 bopd of gross production. Santos expects to begin seawater injection for reservoir pressure support in

America’s second oil boom

June 22, 2026

(By Oil & Gas 360) – The next great American oil boom may not come from discovering a new basin. It may come from recovering more oil from fields that have already been producing for decades. For more than a century, the U.S. oil industry has focused on finding new resources. From the giant conventional fields of Texas and California to the

ExxonMobil announces planned effective date for move to Texas

June 22, 2026

(Oil & Gas 360) – SPRING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation today announced that its redomiciliation from New Jersey to Texas is expected to become effective on July 1, 2026. As part of this change, ExxonMobil Holdings Corporation will become the publicly traded parent company, replacing Exxon Mobil Corporation of New Jersey. Shares will continue to trade on the New York Stock Exchange

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