Wednesday, December 4, 2024

Jericho Oil Continues Roll-Up of Distressed Producing Mid-Con Assets

Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V:JCO; OTCQX:JROOF) announces that it has signed a definitive agreement to acquire a 50% working interest in producing wells and drillable leaseholds in Central Oklahoma for a total cash consideration of USD$6.50 million.  The asset package is in an area complementary to Jericho Oil’s existing operations in Oklahoma and represents the Company’s fourth

PM says Ukraine banned national oil and gas company from buying Russian gas

Via TASS: Ukraine’s cabinet of ministers has banned Naftogaz of Ukraine from importing gas from Russia, according to Prime Minister Arseniy Yatsenyuk. “The cabinet has decided to order Naftogaz to stop buying Russian gas. Russia got it all wrong: it’s not them who stopped gas supplies – we stopped buying it,” he said. The prime minister said the main reason

Carbon limits to put $2 trillion of coal, oil, gas projects at risk: report

Via Reuters: Up to $2 trillion in petroleum and coal projects will not be needed if the world takes action to limit warming of the planet to 2 degrees Celsius, according to a report released this week ahead of a global climate summit in Paris. The report adds to a string of studies warning investors that measures to curb carbon

Illinois Frac Ban

Rig Counts Fall by Double Digits for the Second Week

The rig count fell by 13 as of November 25, 2015 Baker Hughes Industries (ticker: BHI) released its weekly rig counts two days early this week, ahead of the Thanksgiving holiday. The company’s report showed that rigs tumbled by 13 following its previous release on November 20. The total rig count now stands at 744, just 38% of the number