Thursday, January 2, 2025

Razor Energy: Bringing an Aggressive Mindset to Acquired Assets

Canadian junior Razor Energy, (ticker: RZE) began operation on January 31, 2017 after combining with Vector Resources. After the amalgamation with Vector, Razor Energy completed the acquisition of the Swan Hills asset for $17.1 million. The Swan Hills asset itself is a light-oil, low decline field totaling 111,728 net acres of land. The acquisition has abundant infrastructure present, and Razor

Iraq

Iraq on a Tear to Triple its Refining Capacity, Keep Up with Its Growing Production

Iraq is planning to triple its refining capacity as the third-largest oil exporter increases crude oil production, Bloomberg reported, based on an interview with an official in the country. Iraq’s current production is 4.5 MMBOPD, way beyond in-country refining capacity Currently, Iraq is capable of processing about 500 MBOPD, far below the ~4.5 MMBOPD the country produced in 2016. Iraq

Vermilion Energy: Global Diversification Fueling 65 MBOEPD of Production

Global oil and gas operator Vermilion Energy (tickers: VET) holds producing acreage worldwide. The company’s assets are spread across three main regions: North America, Europe, and Australia. Its oil and gas assets are located in 10 countries. Vermilion’s focus on commodity diversification—oil and natural gas—creates stable cash flow and reduces the effect of volatility in individual commodity prices. European gas

USGS Well Study: Unconventional Oil & Gas Development Having Little or No Effect on Drinking Water Quality

USGS examines water wells in Eagle Ford, Haynesville, Fayetteville aquifers The USGS published a study last week investigating the effects of oil and gas production on drinking water quality. The study examined a total of 116 water wells in Texas, Louisiana and Arkansas, in areas were companies are producing from the Eagle Ford, Haynesville and Fayetteville. Water samples were tested