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More Government & Regulatory News
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Dallas Fed Energy Survey: What Oil and Gas Executives Are Really Saying
The latest Dallas Fed Energy Survey shows a U.S. oil and gas industry that is not collapsing—but is clearly constrained. Executives are operating in a defensive posture, focused…
MEG Energy Rejects Strathcona Resources' $6 Billion Takeover Offer
MEG Energy Rejects Strathcona Resources' $6 Billion Takeover Offer Overview of the Offer: Bidder: Strathcona Resources Ltd. Offer: 0.62 Strathcona shares + $4.10 in cash per MEG share…
PDC Energy Second Quarter 2022 Results
PDC Energy, Inc. announced its 2022 second quarter financial and operating results, and provided second half 2022 guidance. The company also announced receiving Completeness Determination on the Guanella…
PDC Energy's 69-Well Kenosha Project Approved by COGCC
PDC Energy Inc. reported that the Colorado Oil and Gas Conservation Commission (COGCC) approved the Company's Kenosha Oil & Gas Development Plan (OGDP) permit application. The Kenosha OGDP,…
Middle East News
Chevron, Quantum prepare joint bid for Lukoil’s international assets
Chevron and private equity firm Quantum Energy Partners are preparing a joint bid for the international assets of Russian oil major Lukoil, a package estimated to be worth…
Halliburton First Quarter 2022 Results; Revenue by Region, Call Highlights
Halliburton Co. reported its first quarter 2022 results. Quarterly Revenue by Region U.S. revenue was up $100 million from the previous quarter, while International dipped by $100 million.…
Operator Ramps Up 2022 Permian Spending by 65%; Nine Rigs, 315 Completions
Occidental Petroleum detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $3.9-4.3 billion - up 43% vs. 2021 Oil and Gas D&C: $3.2-3.4 billion - up…
APA Corp. Boosts 2022 US Onshore Spending 38% vs. 2021
APA Corp. detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $1.6 billion (upstream) - up 51% vs. 2021 D&C: $1.4 billion Exploration & Appraisal: $200…
APA Corp. Signs $3.5B PSC Deal with Egyptian Parliament
APA Corp. has announced the signing of an agreement to modernize and consolidate the company's current Production Sharing Contracts (PSCs) with Egypt's Ministry of Petroleum and Mineral Resources…