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

Oil & Gas 360º

(Oil & Gas 360) ~20,000 net acres Significant multi-bench drilling inventory Upsize of USEDCs syndicated revolving credit facility led by Citibank, N.A. The position includes a substantial proved producing component and multi-year drilling inventory to supplement the firms existing footprint in the area. oil and gas properties.

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Prairie Operating Co. announces 11-well development at Rusch Pad

Oil & Gas 360º

The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after.

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Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. What is oil and gas upstream midstream downstream?

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Drillers in Canada shift to natural gas as trade war drives down oil prices

Oil & Gas 360º

In recent weeks, OPEC and its allies added to the headwinds by surprising the market with plans to revive curtailed production earlier and faster than expected. Oil sands production is growing after the start of the expanded Trans Mountain pipeline last year. as well, where Precision Drilling Corp.

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Liberty CEO Gusek sees modest impact of steel tariffs on oilfield services

Oil & Gas 360º

One executive quoted in the Dallas Fed survey said the Trump administrations tariffs had raised costs for casing and tubing by 25% immediately, warning the knock-on effects will force producers to drop drilling rigs and decrease employment. Reporting by Shariq Khan in New York; editing by Diane Craft)

E&P 130
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EIA sees U.S. oil output slipping slightly during 2026

Oil & Gas 360º

sees domestic crude production declining next year for the first time since 2021 in a blow to U.S. The production forecast for next year represents a drop of 120,000 bpd from the agency’s previous projections in May. saying production has already peaked. saying production has already peaked. (World Oil) – The U.S.

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