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

Oil & Gas 360º

The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.

E&P 130
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RPC acquires Midland’s Pintail Completions for wireline services

Permian Basin Oil and Gas Magazine

Atlanta-based RPC, oil and gas services company, said recently it acquired Pintail Alternative Energy, which does business as Pintail Completions, for $245 million ($170 million cash). The post RPC acquires Midlands Pintail Completions for wireline services appeared first on Permian Basin Oil and Gas Magazine.

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Vitesse Energy completes $222 million acquisition of Lucero Energy

Oil & Gas 360º

(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The arrangement was approved by Vitesse stockholders and Lucero shareholders on March 5, 2025 and March 6, 2025, respectively, and Lucero received the approval of the Court of Kings Bench of Alberta on March 6, 2025.

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

Oil & Gas 360º

Credit Facility Concurrent with this acquisition, USEDC completed an increase in the borrowing base and commitments under its syndicated revolving credit facility led by Citibank, N.A. (Oil & Gas 360) ~20,000 net acres Significant multi-bench drilling inventory Upsize of USEDCs syndicated revolving credit facility led by Citibank, N.A.

E&P 189
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Prairie Operating Co. begins completion of the Opal Coalbank Pad, acquired from Bayswater

Oil & Gas 360º

(Nasdaq: PROP) (the Company or Prairie) an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin today announced it is beginning completions of nine previously drilled but uncompleted (DUC) wells acquired in the recent Bayswater transaction.

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Texas oil family to benefit from potential $8-billion Mitsubishi deal

Oil & Gas 360º

Mitsubishi is already one of the five joint venture partners in the LNG Canada project on the country’s West Coast, which is nearing completion and set to ship out its first LNG export cargoes by the middle of this year. Aethon Energy Management has been exploring options for its natural gas assets since last year. Mitsubishi Corp.,

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APA Corp., partners complete successful flow test for North Slope exploration well

Oil & Gas 360º

(World Oil) – APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska’s North Slope.