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Permian methane emissions dropped 50% in two years, analysts say

Oil & Gas 360º

oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates (large and small), according to a new analysis by S&P Global Commodity Insights.

E&P
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Getting a Line on Wireline

Permian Basin Oil and Gas Magazine

Vertice management said that the acquisition enhances Vertices’ ability “to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets.” It’s been a momentous 2025 for the wireline niche. based RPC Inc.

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Stock losses accelerate on Israel-Iran attacks — plus, the latest on Amazon, Meta and Apple

CNBC: Energy

The Dow Jones Industrial Average dropped nearly 2%, leading to the downside, while both the S & P 500 and Nasdaq fell more than 1%. Still, as of now, it's not a major needle-mover compared with the e-commerce, advertising and cloud-computing divisions. Brent crude, the international benchmark, surged 7% to above $74 a barrel.

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New Era Helium receives approval for approximately 120 miles of rights-of-way to support midstream business unit and responsibly sourced gas initiatives within the Pecos Slope, Permian Basin

Oil & Gas 360º

In parallel, NEH is finalizing design optimizations with its plant manufacturer, Arjae Design Solutions, focusing on enhancing helium purity at the plant’s tailgate. Publisher’s Note: New Era Helium will present at EnerCom DenverThe Energy Investment Conference on August 17-20, 2025. Register to attend. New Era Helium, Inc.

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Flotek acquires innovative mobile power generation assets and secures multi-year lease providing $160 million revenue backlog and immediate earnings accretion

Oil & Gas 360º

(NASDAQ: ACDC) (“ProFrac”) today jointly announced Flotek’s acquisition of power generation assets and related intellectual property (the “Acquired Assets”) from ProFrac GDM, LLC (“ProFrac GDM”), a subsidiary of ProFrac, for $105 million.

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Chevron starts oil production from Ballymore Project in Gulf of America

Oil & Gas 360º

Co-owner TotalEnergies E&P USA, Inc. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. This reduces our development costs and is expected to drive higher returns for shareholders.

Oil
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Chevron Aims for 300K Barrels/Day in Gulf – Ballymore Adds First 75K

Rextag

holding a 60% working interest, with TotalEnergies E&P USA, Inc. Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and natural gas production from the Ballymore subsea tieback project, located in the deepwater Gulf of America. owning the remaining 40%.