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ZIMBABWE: Invictus Energy Selects Musuma-1 High-impact Well Location Set to Spud in H2 2025

Oil News Africa

Musuma-1 has been confirmed as the … Read More The post ZIMBABWE: Invictus Energy Selects Musuma-1 High-impact Well Location Set to Spud in H2 2025 appeared first on oilnewsafrica.

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ReconAfrica to accelerate drilling plan for Namibia exploration well

Oil & Gas 360º

(World Oil) – Reconnaissance Energy Africa Ltd. As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. NSAI), an independent qualified reserves evaluator.

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Elk Range Royalties closes $905 million acquisition of DJ Basin assets

Oil & Gas 360º

(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). The high-quality operator footprint enhances production visibility and long-term value creation. .

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Force Majeure Clause Fails to Protect Oil and Gas Lessee From Mistakenly-Scheduled Deadline

The Energy Law

2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.

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Lakes Blue Energy Secures Funding for Wombat-5 Drilling

Rigzone

Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Lakes Blue Energy Secures Funding for Wombat-5 Drilling by Paul Anderson | Rigzone Staff | Thursday, June 19, 2025 | 2:34 AM EST The funding is subject to Lakes' reinstatement to trading on the Australian Securities Exchange.

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SM Energy Slows the Drill Bit in 2025: What the Data Tells Us About Permian Rig Reductions

Oil Gas Leads

This reduction isnt reactionaryits part of a deliberate capital allocation strategy designed to protect margins and preserve flexibility in a potentially volatile oil market. SM Energys Drilling Trends: January 2023 to May 2025 Using public drilling data for SM Energy wells in Texas, we grouped spud activity by month from January 2023 onward.

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

Oil & Gas 360º

(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. 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.

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