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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. Algerias Sonatrach will increase hydrocarbon production by 2.5%

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Chevron to cut nearly 800 jobs in Texas Permian basin

Oil & Gas 360º

plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. (World Oil) –Chevron Corp. The bulk of the reductions will come from Chevrons Midcontinent campus on the outskirts of Midland, Texas, the company said in a filing with the Texas Workforce Commission.

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Elk Range Royalties closes $905 million acquisition of DJ Basin assets

Oil & Gas 360º

(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). In February 2025, NGP and the Elk Range team established Elk Range Royalties III.

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Crescent Energy completes sale of non-operated Permian basin assets

Oil & Gas 360º

(World Oil) –Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil).

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U.S. Energy Development Corporation expands Permian footprint acquiring $390 million asset and announces upsized credit facility

Oil & Gas 360º

This landmark transaction marks the largest single acquisition in the companys 45-year history and significantly expands its total Permian Basin holdings. (Oil & Gas 360) ~20,000 net acres Significant multi-bench drilling inventory Upsize of USEDCs syndicated revolving credit facility led by Citibank, N.A. oil and gas properties.

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30 years, thousands of deals, many ups and downs but still the place where we know your name — welcome back to the energy industry’s favorite reunion, EnerCom Denver – The Energy Investment Conference, August 17-20, 2025.

Oil & Gas 360º

www.petrie.com Vitesse Energy Vitesse is a Denver-based company focused on returning capital to stockholders through owning and acquiring predominantly non-operated working interests in oil and gas properties in the Williston Basin of North Dakota and Montana. Your participation makes a real difference. Conference Dates: August 17–20, 2025.

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Might as Well Jump! - EOG Resources, Upbeat on Utica Condensate, Doubles Down With Encino Deal

RBN Energy

There’s been a surge in E&P interest in the Utica Shale’s volatile oil window the past couple of years, and EOG Resources has been particularly optimistic about its potential for producing large volumes of condensate, the lightest of superlight crude oils. billion, including the assumption of EAP’s debt.