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Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

Oil & Gas 360º

With this step, we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet. The return of a public Company to the basin underscores the deep value and long-term potential of the asset. Mach Chairman, Founder and Managing Partner of Bayou City Energy, William W.

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Chevron said it constantly reviews new exploration opportunities, but doesn’t comment on commercial matters.

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Repsol-NEO merger forms one of largest producers on UK Continental Shelf

Oil & Gas 360º

This combination creates a jointly governed business which will call upon the key strengths of both shareholders,” commented Francisco Gea, Executive Managing Director of Exploration and Production at Repsol. We believe this combined business has many more opportunities for profitable growth in the basin and beyond.”

E&P
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SS-2H IP60 Flow Rate Sets Beetaloo Basin Record

Rigzone

Image by Alexey Zakirov via iStock Tamboran Resources Corporation has reported that the Shenandoah South 2H sidetrack (SS-2H ST1) well achieved an average 60-day initial production (IP60) flow rate of 6.8 million cubic feet per day (MMcf/d), a Beetaloo Basin record. million cubic feet per day (MMcf/d), a Beetaloo Basin record.

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New Era Helium Advances Hyperscaler Discussions and Prepares for Board Expansion to Accelerate AI Infrastructure Strategy in the Permian Basin

Oil & Gas 360º

Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., is a next-gen exploration and production platform unlocking the full value of its Permian Basin assets.

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Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

Oil & Gas 360º

The ruling by the Paris-based International Chamber of Commerce marks a key win for Chevron CEO Mike Wirth, who targeted the Hess acquisition to grow the company’s production and keep pace with larger rival Exxon’s rapid expansion. government in 1911. Chevron’s production is now expected to exceed 4 million bpd by 2030 from 3.4

Oil
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The First Oil Well in the World – Bibi Heybat

Aresco

The success of the Bibi Heybat well attracted attention from entrepreneurs, engineers, and governments, and it sparked what could be considered the first true oil rush in world history. By the late 19th and early 20th centuries, Baku had become the beating heart of global oil production , producing more than half of the world’s oil by 1901.

Oil