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(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). This will be the Companys largest exploration prospect drilled so far.
said it has entered into a definitive agreement to sell its U.S. The reduction reflects the removal of all remaining exploration and development capital associated with the Saskatchewan and U.S. entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for cash proceeds of $302 million (CAD 415 million).
EOG ) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6 Pro forma production totals 275,000 barrels of oil equivalent per day creating a leading producer in the Utica shale play. Register to attend.
NYSE:STR) (Sitio) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 billion as of March 31, 2025.
Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. The results of the Naingopo exploration well announced in January 2025 increased our confidence in the potential for Prospect I.
The companys 2023/24 proprietary 3D seismic program was fully utilized in the preparation of the report and integrates three legacy wells; the dataset provides open-hole logs, core and gas test/production data. is a Canadian-based exploration and production company specializing in tight gas development. CanCambria Energy Corp.
The acquisition further consolidates assets in core counties in the CBP defined by shallow declines, high margin production and undeveloped inventory that immediately competes for capital, and provide for near-term opportunities for field level synergies and cost savings. ABOUT RING ENERGY, INC. Ring Energy, Inc.
The companies have entered into a definitive business combination agreement (the “Agreement”) to combine in an all-share transaction valued at approximately $15 billion , inclusive of net debt 1. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.
is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. The Company plans to continue to evaluate strategic alternatives to maximize value to stockholders, including potential portfolio optimization strategies.
Some of the most important levers in todayâs MACCs are efficiency levers such as route optimization, using advanced analytics to optimize routes based on real-time conditions to minimize fuel consumption over time; and predictive scheduling using AI to align production schedules with availability of low-carbon energy.
We explore how this generative AI powered tool has significantly enhanced SunRuns cloud operations and streamlined their development processes. The challenge SunRun sought to address two primary challenges: Improving development velocity: SunRun needed to significantly boost the productivity of their developer and engineering teams.
They will need to upskill the workforce, adapt the technology infrastructure, accelerate data productization, and deploy agent-specific governance mechanisms. QuantumBlack combines an industry-leading tech stack with the strength of McKinseyâs 7,000 technologists, designers, and product managers serving clients in more than 50 countries.
One important change is how the new definition of “associated equipment” modifies the aggregation rule for Hazardous Air Pollutants (HAP), which in turn modifies the applicability of the “major source” definition for oilfield operations, in particular as it applies to oil and gas wells, tanks and glycol dehydrators. 7412 (n)(4)(A).Section
Enterprise Products Partners, L.P., This case began in 2011 when ETP and Enterprise explored the possibility of partnering to modify and extend, or construct anew, a pipeline to transport oil southbound from Cushing, Oklahoma. The Texas Supreme Court issued an opinion today in Energy Transfer Partners, L.P
In part 2 , we discussed the model variables and definition of spacing neighbors. We observed that the model does identify an increased production trend with wider spacing, but by a magnitude of less than 10% when taking a well from a 440ft spacing to unbounded. These are the only 2 spacing features that this particular model can see.
RUE grants are authorizations from BOEM to use a portion of the seabed not encompassed by the holder’s lease to construct, modify, or maintain platforms, artificial islands, facilities, installations, and other devices that support exploration, development, or production of oil and gas or other energy resources from another lease.
The Decision EPA’s final rule implemented an amendment to the Clean Water Act’s definition of "oil and gas exploration and production" that was contained in the Energy Policy Act of 2005.
The question of what is “contiguous or adjacent” has long been vexing for the exploration and production industry. In Summit , the court concluded that the regulatory term “adjacent” is unambiguous and implies only physical proximity, citing the dictionary definition of “adjacent,” the term’s etymological history, and caselaw.
While the industry continues to explore recycling technologies and beneficial reuse applications, economic and technical barriers have limited widespread adoption. Consequently, over 80% of Texas produced water still finds its way into saltwater disposal wells—a critical infrastructure network that enables continued production.
The bill ties the definition of “foreign adversaries” to 15 CFR 7.4(a), With the state’s future so thoroughly reliant on oil and gas exploration and production, legislation aimed at blocking entities that could otherwise be willing and able to participate in the state’s energy industry could seem ill-advised.
We asked you, our SmartBrief Education readers, to tell us which products and services you rely on daily in your work. Here are the products and providers you said stand out from the crowd. The post Edtech 2025: SmartBrief Readers Choice Awards appeared first on SmartBrief.
Chesapeake Exploration Limited Partnership , XOG sought an interpretation of the retained acreage clause contained in an assignment to Chesapeake of XOG’s lease interests in four oil and gas leases collectively covering 1,625 acres. In XOG Operating, LLC v. There were no field rules or special orders applicable to the Stiles Ranch Field.
Local energy production offers businesses unprecedented control over their energy resources. Decentralized energy production moves away from large power plants and toward localized facilities, offering greater energy independence. These systems range from small rooftop solar installations to larger commercial microgrid systems.
Overview The combination of AWS generative AI, S&P Global Enterprise Data Management (EDM) for Energy, and Esri ArcGIS tools orchestrates a harmonious symphony in subsurface exploration workflows within the energy sector. The EDM for Energy workflow also supports data exploration and analysis capabilities.
These three conditions became in essence EPA’s definition of “contaminated stormwater” for purposes of the Act. The 1987 amendments to the Clean Water Act (“CWA”) added language creating a permitting exemption for uncontaminated runoff from Oil and Gas operations. CWA §402(l)(2). 40 CFR §122.26(c)(1)(iii). c)(1)(iii). 40 CFR §122.26(c)(1)(iii).
Which means that if you can produce potash locallywhich by definition means MUCH LOWER transport costswell, you should make A LOT of money. Production from Latin America represents just a sliver of overall supply. That mine is owned by Mosaic, who will give the mine a small increase in production in 2024 from 350,000 tonnes to 400K.
Two of the biggest are juniors who bought their mines when gold was higher–but interest in gold stocks was definitely not. HELIOSTAR BUYING WHAT OTHERS ARE THROWING AWAY 12 months ago, Heliostar Mining was years away from production. Cash costs in the last year of production were $1,500/oz.AISC was over $2,000/oz.
A recent SWD failure case dives into critical questions of proximate cause and explores whether the reasonable prudent operator defense may shield against surface damage claims. The well at issue (the SWD5) was originally drilled for oil and gas production in 1957, but it was converted into a saltwater-disposal well around 2007.
The EJDA also should provide that production from the producing shale formation will secure the Lease Party against the Drilling Party’s failure to perform obligations in the earning zone and its other conventional formations, as well as other earning zones. Take into account lease maintenance requirements.
Consequently, this Supreme Court decision will definitely be one to watch in the upcoming term. Most recently, in a petition for en banc rehearing before the Fifth Circuit, the energy companies in the coastal erosion litigation argued that the scope of appellate review is not limited to federal officer jurisdiction.
We'll examine the structure, jurisdiction, and procedural aspects of the new system, explore potential strate-gic considerations, and discuss the possible implications for the energy industry.
crude production, which could easily push crude prices lowerinto this second quarter of 2025, as supply would likely then outpace demand. President Trump is calling on OPEC to increase U.S. Just how low could prices goor will they fall at all? The answer depends on a confluence of factors, as supply is just one part of the equation.
They say that $50 oil is so low that it would see production curtailments as the average cash breakeven price, including dividends, is estimated at $50-$55 per barrel of oil. And the industry is definitely not prepared to cut dividends after diligently working for a few years to boost shareholder returns and make U.S.
Explore MGI research on Geopolitics and the Geometry of Global Trade About that grinding sound youâve been hearing: Not to alarm you, but thatâs the tectonic plates of global trade shifting. 4 There is no single cross-country definition of what constitutes a âcriticalâ product. Annual GDP growth is taken to be 3.6
Confidence in domestic oil and gas exploration is soaring again, largely due to the regulatory rollbacks, tax incentives, and policy stances that prioritize American energy dominance. For new investors, the move represents a government commitment to stable, long-term energy production. energy sector.
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