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UK-based explorer Pantheon Resources is moving forward with its Alaska drilling campaign despite recent setbacks at its Megrez-1 exploration well. In May, the company reported that Megrez-1 produced over 2,000 barrels per day of liquids—but no meaningful oil or gas. The well was suspended, and shares dropped to 20.65
7, 2025, reaching a low of 1,698 bcf. From late April through June, net injections into storage were particularly robust, surpassing 100 bcf/week the week of April 25 for the first time in 2025, according to EIA’s Weekly Natural Gas Storage Report. Natural gas inventories continued to decline through the week ending Mar.
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