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Fortuna Resources LLC Partners with Och-Ziff Affiliates to Pursue Oil and Gas Acquisition and Development Opportunities | PRN Newswire | Oil Country Media

HOUSTON, May 16, 2016 /PRNewswire/ —  Fortuna Resources Holdings, LLC (“Fortuna”) announced that certain affiliates of Och-Ziff Capital Management Group LLC (NYSE: OZM) (“Och-Ziff”) have committed $75 million to Fortuna, with an option to increase to $150 million. The investment is focused on expanding Fortuna’s activities in the West Texas Permian Basin and related areas through acreage and asset acquisitions and […]

Read More Fortuna Resources LLC Partners with Och-Ziff Affiliates to Pursue Oil and Gas Acquisition and Development Opportunities | PRN Newswire | Oil Country Media
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RRC: Drilling permits continue to rise in Midland region, across the state – Midland Reporter-Telegram

The Midland district dominated in August when it came to drilling permits, new oil completions and new gas completions, according to the Railroad Commission of Texas. The RRC reported the region – 8 – accounted for 55.9 percent of the 377 drilling permits in the state. The 211 in the Midland district was 176 more […]

Read More RRC: Drilling permits continue to rise in Midland region, across the state – Midland Reporter-Telegram
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AG Jennings announces suit to hold Exxon, American Petroleum Institute, 29 others accountable for climate change costs – State of Delaware News

Claims include Negligent Failure to Warn, Trespass, Nuisance and Consumer Fraud Act violations Attorney General Kathy Jennings announced Thursday that Delaware is suing 31 fossil fuel companies on behalf of the state’s residents and businesses to hold them accountable for decades of deception about the role their products play in causing climate change, the harm […]

Read More AG Jennings announces suit to hold Exxon, American Petroleum Institute, 29 others accountable for climate change costs – State of Delaware News
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Trump extends Florida offshore drilling pause, expands it to Georgia, South Carolina | TheHill

President Trump on Tuesday moved to block oil and gas drilling off the coasts of Florida, Georgia and South Carolina until mid-2032, a decade longer than drilling is currently delayed off Florida’s Gulf Coast.  “I will sign a presidential order extending the moratorium on offshore drilling on Florida’s Gulf Coast and expanding it to Florida’s Atlantic […]

Read More Trump extends Florida offshore drilling pause, expands it to Georgia, South Carolina | TheHill
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U.S. oil production rose to 10.4 million bpd in June: EIA – Reuters

NEW YORK (Reuters) – U.S. oil production rose in June, but did not fully recover from a dramatic plunge in May, according to a government report on Monday. U.S. oil output rose 420,000 barrels per day in June to 10.436 million barrels a day, the U.S. Energy Information Administration said in a monthly report on […]

Read More U.S. oil production rose to 10.4 million bpd in June: EIA – Reuters
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Permian oil drillers bounce back with biggest rig hike this year – Midland Reporter-Telegram

Photo: James Durbin/The Oilfield Photographer/ Midland Reporter Telegram Buy Photo (Bloomberg) — Explorers in the world’s biggest shale patch are roaring back, putting an additional 10 rigs to work this week for the biggest jump in activity since a price crash triggered an unprecedented collapse in drilling. Drillers in the Permian Basin of West Texas […]

Read More Permian oil drillers bounce back with biggest rig hike this year – Midland Reporter-Telegram

Offshore oil and gas production is crimped by Gulf storms | AP News

Offshore oil and gas production is crimped by Gulf storms By DAVID KOENIG August 23, 2020 Oil and gas production in the Gulf of Mexico was slowed Sunday by the approach of two storms that led companies to remove workers from more than 100 offshore platforms. The Interior Department said that based on company reports […]

Read More Offshore oil and gas production is crimped by Gulf storms | AP News

Lilis Energy to pursue sale process | Oil & Gas Journal

OGJ editors Aug 17th, 2020 Lilis Energy will pursue a process to sell substantially all of its assets in accordance with a restructuring support agreement after certain investment funds and entities affiliated with Värde Partners declined to pursue a new money investment. Lilis Energy Inc., Fort Worth, will pursue a process to sell substantially all […]

Read More Lilis Energy to pursue sale process | Oil & Gas Journal
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API data show a more than 4 million-barrel weekly decline in U.S. crude supplies, sources say – MarketWatch

Published: Aug. 11, 2020 at 4:39 p.m. ET By Myra P. Saefong The American Petroleum Institute reported late Tuesday that U.S. crude supplies dropped by 4.4 million barrels for the week ended Aug. 7, according to sources. The API data also reportedly showed gasoline stockpiles declined by 1.3 million barrels, while distillate inventories were down […]

Read More API data show a more than 4 million-barrel weekly decline in U.S. crude supplies, sources say – MarketWatch