July 8, 2024

Ring Energy increases sales guidance and announces debt reduction results for second quarter 2024

July 8, 2024

Oil and Gas 360 Publisher’s Note: Ring Energy will be a presenter at EnerCom Denver-The Energy Investment Conference on August 18-21, 2024. Register to attend and book your room at the Westin Denver Downtown. REAFFIRMS BORROWING BASE AT $600 MILLION THE WOODLANDS, Texas, July 08, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”)

ReconAfrica begins drilling highly-anticipated Naingopo oil and gas exploration well onshore Namibia

July 8, 2024

World Oil Publisher’s Note: ReconAfrica will be a presenter at EnerCom Denver-The Energy Investment Conference on August 18-21, 2024. Register to attend and book your room at the Westin Denver Downtown. (WO) – Reconnaissance Energy Africa Ltd. and its joint venture partner NAMCOR (the state oil company of Namibia), announced the spudding of the Naingopo exploration well on Petroleum

Devon Energy announces strategic acquisition in the Williston Basin and expands share-repurchase authorization by 67 percent to $5 billion

July 8, 2024

Oil and Gas 360 OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction is

Exxon signals Q2 below market consensus, excluding Pioneer buy

July 8, 2024

Investing HOUSTON – Exxon Mobil Corp (NYSE:XOM) on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second quarter. A snapshot of operating factors affecting the quarter suggests earnings per share between $1.50 and $2.40, or about $8.3 billion, which is 17% below market consensus. The preview excludes additional oil and gas

Mexico’s richest man Carlos Slim to invest $1.2 billion in Lakach deepwater field in Gulf of Mexico

July 8, 2024

World Oil (Bloomberg) – A company controlled by Mexico’s richest person, Carlos Slim, is investing $1.2 billion to develop a vast field in the Gulf of Mexico that is expected to produce gas around 2026, a potential model for how Mexico’s state oil company will work with private enterprise. Slim’s Grupo Carso SAB agreed to a deal with Mexico’s state-run

Record US summer heat, hurricanes could roil fuel prices as oil refiners sweat

July 8, 2024

Reuters NEW YORK – A double whammy of record heat and hurricanes should test U.S. refiners’ resilience in coming weeks, raising the risk of extremely volatile fuel prices in the middle of the peak travel season, analysts said. The Atlantic hurricane season from June through November is an annual threat for U.S. refineries. Half of the country’s over 18-million-barrel-per-day refining

Ring Energy increases sales guidance and announces debt reduction results for second quarter 2024

ReconAfrica begins drilling highly-anticipated Naingopo oil and gas exploration well onshore Namibia

Devon Energy announces strategic acquisition in the Williston Basin and expands share-repurchase authorization by 67 percent to $5 billion

Exxon signals Q2 below market consensus, excluding Pioneer buy

Mexico’s richest man Carlos Slim to invest $1.2 billion in Lakach deepwater field in Gulf of Mexico

Record US summer heat, hurricanes could roil fuel prices as oil refiners sweat

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