Saturday, February 1, 2025
State oil and gas regulatory chairman commends industry’s contribution to Texas- oil and gas 360

State oil and gas regulatory chairman commends industry’s contribution to Texas

World Oil AUSTIN – Texas Comptroller Glenn Hegar announced the Fiscal Year 2022 (FY 22) state revenues highlighting that the oil and gas industry paid record-breaking taxes to the state. The oil production tax generated $6.36 billion up 84% from FY 2021, while the natural gas production tax generated $4.47 billion up 185% from last year. Following the report, Railroad

Liberty announces investment in Natron Energy- oil and gas 360

Liberty announces investment in Natron Energy

Oil and Gas 360 DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT) announced today an investment in Natron Energy, a global leader in the manufacturing of sodium-ion batteries. Liberty and Natron will collaborate to introduce sodium-ion batteries as an energy storage solution to provide uninterruptible backup power for Liberty’s digiFrac™ electric frac pumps. Liberty’s digiFrac is the industry’s first purpose-built, fully

Baker Hughes announces simplified organization to enhance profitability and position for growth- oil and gas 360

Baker Hughes announces simplified organization to enhance profitability and position for growth

Oil and Gas 360 HOUSTON and LONDON, Sept. 06, 2022 (GLOBE NEWSWIRE) — Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) has announced it is restructuring and simplifying its organization and accelerating its strategic transformation. These changes will simplify operations, enhance profitability, and drive growth, meeting customer needs and producing solutions in the rapidly evolving energy and industrial markets. “We have continuously looked to

Sitio Royalties and Brigham Minerals to combine in $4.8 billion all-stock, at-market merger, forming a premier consolidator of oil and gas mineral and royalty interests-oil and gas 360

Sitio Royalties and Brigham Minerals to combine in $4.8 billion all-stock, at-market merger, forming a premier consolidator of oil and gas mineral and royalty interests

Oil and Gas 360 DENVER & AUSTIN, Texas–(BUSINESS WIRE)– Sitio Royalties Corp. (NYSE: STR) (“Sitio”, “STR” or the “Company”) and Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals”, “MNRL” or “Brigham”) today announced that they have entered into a definitive agreement to combine in an all-stock merger, with an aggregate enterprise value of approximately $4.8 billion based on the closing share prices