Recent News

Callon Petroleum said May 25 that Joseph Gatto Jr. has been appointed as CEO, succeeding former CEO Fred Callon following his unexpected death on Wednesday.

4:20 pm

Contango Oil & Gas provided an update on its second and third wells drilled on its Southern Delaware Basin acreage in Pecos County, Texas, the Houston company said May 24.

4:00 pm

Twin Eagle Sand Logistics announced on May 24 plans to further expand the Permian Rail Park to meet the strong demand of the Midland Basin.

3:45 pm

BXP Partners is offering its HBP leasehold in the Powder River Basin through a sealed-bid offering handled by EnergyNet.

3:05 pm

The sale, handled by TenOaks Energy Advisors, comprises a core Delaware mineral acreage including more than 50 producing wells located in Loving and Winkler counties, Texas.

1:55 pm

The FY 2018 budget supports oil spill research and Trump's 'America First Energy' and includes $112 million in current appropriations and $92.9 million in revenue from rental receipts, cost recoveries and inspection fees.

8:15 am

RSP Permian named Uma L. Datla as chief accounting officer and James Schnoebelen as chief information officer, the Dallas-based company said May 24.

7:15 am

Callon Petroleum announced May 25 that Fred L. Callon, the company's chairman and CEO, died suddenly and unexpectedly Wednesday.

7:10 am
opec_production_cuts

OPEC decided it would extend cuts in oil output by nine months to March 2018 on May 25, an OPEC delegate said according to a Reuters report.

6:35 am

U.S. crude oil inventories fell for the seventh straight week as refiners processed a near record amount of crude last week, the EIA said May 24, even as gasoline and distillate stockpiles also dipped.

May 24, 2017

The JV has fully sanctioned the construction of the 200 MMcf/d plant near Orla, Texas, and related infrastructure required to connect the Willow Lake system to the plant and multiple third-party pipelines.

May 24, 2017

OPEC meets in Vienna on May 25 to consider whether to prolong the accord reached in December in which OPEC and 11 non-members agreed to cut oil output by about 1.8 MMbbl/d in the first half of 2017.

May 24, 2017

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