Exploration & Production (E&P) Archives

Zephyr moves closer to first gas at Utah’s Paradox project

June 10, 2026

(World Oil) – Zephyr Energy has advanced its Paradox basin development in Utah after completing a key pipeline integrity assessment that clears the way for the regulatory approvals needed to begin exporting natural gas from the project. The company reported the successful completion of an in-line inspection (ILI) of the 20.9-mi pipeline connecting Zephyr’s Powerline Road Gas Plant to the Northwest Pipeline system operated

Permian vs. Montney: Capital, control, and the next phase of investment

June 9, 2026

(By Oil & Gas 360) Part II of II– If the first part of the story is about geology and production, the second is about capital, and who controls the resource. Because the biggest structural difference between the Permian and the Montney is ownership. In the Permian, subsurface rights are largely privately held. That has created one of the most dynamic capital environments

Permian basin supports 940,000 U.S. jobs, drives billions in economic impact

June 9, 2026

(World Oil) – The Permian basin continues to strengthen its position as a key driver of U.S. energy production and economic growth, supporting more than 940,000 jobs nationwide and contributing billions of dollars to local, state and national economies, according to new reports released by the Permian Strategic Partnership (PSP). The organization’s 2025 Annual Report and accompanying Power of the Permian economic

Permian vs. Montney: Scale vs. longevity

June 8, 2026

(By Oil & Gas 360) Part I of II- The Permian Basin and the Montney are often talked about in the same breath, they shouldn’t be. Not because they aren’t comparable, but because they represent two very different models of what modern energy supply looks like. One is built on scale, speed, and global influence. The other is built on depth, longevity, and structural resilience. Together, they tell a bigger

Texas regulators assess $1.1 million in oil and gas penalties

June 8, 2026

(World Oil) – The Railroad Commission of Texas (RRC) assessed more than $1.1 million in enforcement penalties against operators and businesses during its latest open meeting, continuing the agency’s oversight of the state’s oil and gas industry and intrastate pipeline systems. Commissioners approved a total of $1,111,897 in fines through a combination of default and agreed orders. Default orders, issued to operators

Oil prices pares gains after Iran announces end to attacks on Israel

June 8, 2026

(Investing) – LONDON – Oil prices pared gains on Monday, after rising more than 5% earlier in the session, following an announcement from Iran’s military that a wave of attacks on Israel was over. However, Iran warned of harsher attacks if Israel continues strikes on Lebanon. Brent crude futures were up $1.43, or 1.5% at $94.52 a barrel as of 1304 GMT,

The Williston Basin: A mature petroleum system at the edge of its second act

June 4, 2026

(Oil & Gas 360) By Greg Barnett, MBA – The Williston Basin has evolved from a breakout shale story into a disciplined, capital-driven system where value is defined less by discovery than by execution. Its future will not be determined by new acreage or step-change production growth, but by recovery efficiency, infrastructure alignment, and capital allocation within a competitive global

U.S. House passes bill to extend federal oil and gas permitting fund

June 4, 2026

(World Oil) – The U.S. House of Representatives has passed legislation that would extend a key federal program supporting oil and natural gas permitting activities on public lands, drawing support from industry groups that say the measure helps improve permitting efficiency while remaining fully industry funded. The License to Drill Act (H.R. 7831), introduced by Rep. Mike Kennedy, R-Utah, would reauthorize the

Murphy awards Subsea7 contract for String Music subsea tieback

June 3, 2026

(World Oil) — Subsea7 has been awarded a contract by Murphy Exploration & Production Company, a subsidiary of Murphy Oil, to support development of the String Music project in the Gulf of America/Gulf of Mexico. The scope of work includes engineering, procurement, construction and offshore installation of a production flowline and associated subsea infrastructure that will tie the development back to the

360 Energy Pulse: What mattered in energy this month- oil and gas 360

360 Energy Pulse: What mattered this month in energy

May 31, 2026

(By Oil & Gas 360) – May may ultimately be remembered as the month energy markets stopped treating geopolitical disruption as temporary and started pricing it as structural. What began as rising tension around the Strait of Hormuz evolved into something broader: tighter inventories, shifting trade flows, renewed LNG urgency, and growing concern that the global energy system has far

May rewired global energy markets

May 31, 2026

(By Oil & Gas 360) – May was supposed to be about stabilization. Instead, it became another month dominated by geopolitical disruption, volatile oil prices, shifting LNG flows, accelerating energy consolidation, and rising concerns about the long-term reliability of global supply. At the center of nearly everything remained the Iran conflict and the continued disruption surrounding the Strait of Hormuz, one of

360 Energy Pulse: What mattered this week in energy

May 29, 2026

(By Oil & Gas 360) – May 22, 2026– Energy markets spent the week caught between diplomacy and distrust. Headlines pointing toward a possible U.S.–Iran agreement pressured prices lower, but underneath the surface, inventories continue tightening, LNG concerns are growing, and confidence in global shipping routes remains fragile. Markets may be hoping for resolution, but they’re still pricing risk. THIS

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