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Oil and Gas
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Exxon Blocked Proposal to Settle $5 Billion Kashagan Dispute
2+ day, 3+ hour ago (477+ words) (Bloomberg) -- ExxonMobil Holdings Corp. blocked a proposal for partners in the Kashagan oil field in Kazakhstan to make a settlement with the government over a disputed $5 billion environmental fine, according to people familiar with the matter. The status of that…...
America Has Little Fuel Cushion Left If A Hurricane Knocks Out Gulf Coast Refineries
17+ hour, 48+ min ago (979+ words) America’s fuel supply has little room left to absorb a hurricane that knocks Gulf Coast refineries offline, according to federal data and energy analysts. The Gulf Coast holds about 54 percent of the nation’s refining capacity, according to EIA data. “We…...
The Oil Market That Sets Today’s Gas Prices was Invented in Western Pennsylvania
16+ hour, 9+ min ago (722+ words) The fall of 2026 is a moment of energy centrality, when geopolitics unfolding far away shows up in Americans’ everyday lives. In Pennsylvania, the statewide diesel price averages US$6.50 per gallon. In Iowa, farmers are paying more than $6 a gallon for…...
Pumped out of the Permian alongside oil nobody was drilling for gas to find, 137 billion cubic feet a day set a wellhead record the country had never logged before
20+ hour, 21+ min ago (445+ words) The wells were drilled for oil. Nobody punched a hole in the Permian Basin in the summer of last year primarily chasing gas, because oil was the paycheck and the gas came with it, a passenger nobody fully planned for....
Devon Energy Agrees to Sell Texas Eagle Ford Shale Fields to Crescent for $4.2 Billion
22+ hour, 57+ min ago (139+ words) Investors responded quickly to the news. Devon Energy stock rose as much as 2.8% in premarket trading following the announcement, according to Investing.com. The Eagle Ford region itself has kept producing through all this corporate maneuvering. The U.S. Energy Information Administration…...
New Mexico Oil Conservation Division establishes Orphan Well Bureau
22+ hour, 7+ min ago (301+ words) New Mexico's Oil Conservation Division is establishing an Orphan Well Bureau to identify and plug abandoned oil and gas wells. New Mexico officials are taking action to strengthen the state’s orphaned well plugging efforts. The New Mexico Oil Conservation Division,…...
Permian Resources: Good Management Is Always Cheap
1+ day, 2+ hour ago (161+ words) Permian Resources (PR): learn how its small-acreage acquisition strategy buys assets at deep discounts, boosts drilling economics, and drives growth. See more here. - Permian Resources exemplifies strong management, making it a core holding until a material story change or sale…...
Permian Resources praised for strong management and unique acquisition strategy boosting long-term growth.
1+ day, 1+ hour ago (224+ words) Permian Resources is highlighted for its strong management and a unique strategy of acquiring small acreage at steep discounts, which drives long-term profitability and corporate growth. This approach allows up to 25% of drilling opportunities to benefit from cost advantages, potentially…...
Inside the Texas Plant Making Battery Lithium From Wastewater
1+ day, 6+ hour ago (1378+ words) In Midland, Texas, an industrial site on the edge of the Permian Basin has become the first new American lithium operation to reach the market in more than half a century. Rather than blasting rock or pumping vast evaporation ponds,…...
Devon (NYSE: DVN) agrees to sell Eagle Ford assets for $4.2 billion
1+ day, 7+ hour ago (283+ words) Posted by Defense World Staff on Oct 10th, 2026 Devon Energy Corporation (NYSE: DVN) said on October 8, 2026 that it agreed to sell its Eagle Ford assets for $4.2 billion in cash. Crescent Energy Company is the buyer. The deal is subject to customary…...