United States Archives -

APA acquires North Slope infrastructure, adds acreage and production

June 10, 2026

(World Oil) – APA Corporation has agreed to acquire Savant Alaska, LLC in a deal that will give the company control of key production and transportation infrastructure supporting its growing position on Alaska’s eastern North Slope. The transaction includes approximately $70 million in upfront consideration, plus contingent payments tied to future development activities. APA said the acquisition is expected to improve development

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

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

Oil jumps over $6 on Iran report of halted U.S.-Tehran exchanges, Hormuz blockade risk

June 1, 2026

(Investing) – NEW YORK – Oil prices surged more than $6 per barrel on Monday after Iran’s Tasnim news agency reported that Tehran’s negotiating team has halted message exchanges with the United States and its allied “Resistance Front” are considering measures to completely block the Strait of Hormuz and choking other waterways including the Bab el-Mandeb Strait. The report comes after

US natural gas storage capacity rises in 2025, says EIA

May 21, 2026

(BOE Report) – U.S. underground natural gas storage capacity of the 375 active storage fields in the Lower 48 states increased in 2025, according to an annual report by the U.S. Energy Information Administration (EIA) on Thursday. The EIA uses two metrics to assess storage capacity: demonstrated peak capacity, which rose 0.1%, or 6 billion cubic feet (bcf), in 2025,

U.S. upstream mergers hit $38B as M&A rebounds

May 18, 2026

(Oil Price) – Dealmaking in the U.S. shale patch jumped to a two-year high in the first quarter as M&A activity rebounded from a slump. U.S. upstream mergers hit $38 billion in Q1 2026, marking the highest quarterly total in two years despite a sharp slowdown in March due to a spike in volatility tied to the Middle East conflict. According

Bipartisan Senate bill targets future LNG export moratoriums

May 15, 2026

(World Oil) – A bipartisan group of U.S. senators has introduced legislation aimed at preventing future presidential administrations from pausing or delaying liquefied natural gas (LNG) export approvals, drawing support from oil and gas industry organizations and energy workforce groups. The proposed LNG Export Security Act, introduced by Senators John Cornyn and John Fetterman, would amend the Natural Gas Act to strengthen protections for LNG

IPAA backs Trump administration rollback of BLM public lands rule

May 12, 2026

(World Oil) – The Independent Petroleum Association of America praised the Trump administration’s decision to rescind the Bureau of Land Management’s Conservation and Landscape Health Rule, arguing the move will provide greater regulatory certainty for independent oil and natural gas producers operating on federal lands. The rule, commonly referred to as the BLM public lands rule, had elevated conservation as a

Colorado’s natural gas fight signals a bigger energy debate

May 11, 2026

(By Oil & Gas 360) – Colorado’s latest energy battle is quickly becoming about more than natural gas. What began as a proposed ballot measure to create a constitutional “right to natural gas” is now evolving into a broader debate over energy policy, consumer choice, electrification, affordability, and the pace of transition. At the center of the dispute is Initiative

Approaching 1 billion barrels lost, the supply shock is reshaping oil markets

April 30, 2026

(By Oil & Gas 360) – In just over 60 days, the Iran war didn’t just rattle markets; it physically removed a massive volume of oil from the global system, a shock that continues to ripple through pricing, logistics, and investor expectations and is now approaching a scale few thought possible. Since the conflict began in late February, more than

American diplomacy and energy: Power, constraint, and consequence; energy before diplomacy: Material power at the turn of the century- oil and gas 360

American diplomacy and energy first: Power, policy, constraint, and consequence at the turn of the century

April 30, 2026

(Oil & Gas 360) – Long before energy became an explicit instrument of American diplomacy, it functioned as a form of state capacity. At the turn of the twentieth century, the United States produced more crude oil than the rest of the world combined. This dominance was not the product of treaties or alliances but of geology, capital formation, and

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