January 15, 2025 – Oil & Gas 360

Trump’s Energy Secretary nominee pledges domestic expansion

January 15, 2025

(Oil Price) – President-elect Donald Trump’s pick for Secretary of Energy, Chris Wright, pledged on Wednesday to help unleash a major expansion in U.S. domestic energy production, including oil, LNG, and nuclear power. “The security of our nation begins with energy,” Wright said in remarks prepared for his confirmation hearing at the Energy and Natural Resources Committee today. “Previous administrations have viewed energy

Civitas Resources weighs sale of DJ Basin assets, Bloomberg News reports

January 15, 2025

(Yahoo Finance) – Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin in Colorado, which could be valued at more than $4 billion, Bloomberg News reported on Wednesday. The company is working with a financial adviser to gauge buyer interest and would be open to divesting fully from the

Amplify Energy announces transformational combination with Juniper Capital’s upstream Rocky Mountain portfolio companies

January 15, 2025

(Oil & Gas 360) – HOUSTON, Jan. 15, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today that it has entered into a definitive merger agreement (the “Merger Agreement” and the transactions contemplated thereby, the “Transaction”) with privately held Juniper Capital (“Juniper”) to combine with certain Juniper portfolio companies which own substantial

Prairie Operating Co. issues 2025 guidance

January 15, 2025

(Oil & Gas 360) – Includes Fiscal Year 2025 Adjusted EBITDA range of $100 – $140 million HOUSTON, TX, Jan. 15, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced its operational and financial guidance for 2025. These guidance metrics reflect Prairie’s strong performance and growth strategy as it continues to unlock value in the

OPEC projects robust oil demand growth for 2025 and 2026

January 15, 2025

(Oil Price) – The Organization of Petroleum Exporting Countries (OPEC) has released its latest Monthly Oil Market Report (MOMR) that covers major issues affecting global oil markets and provides the outlook for crude oil market developments. OPEC has reiterated its earlier forecast that global oil demand will expand at a robust clip at 1.4 mb/d in 2025, largely driven by strong non-OECD (Organization

Oil rises as traders assess sanctions impact

January 15, 2025

(Investing) – Oil prices rose on Wednesday as the market focused on potential supply disruptions from U.S. sanctions on Russian energy companies and tankers carrying Russian oil. Brent crude futures were up 80 cents, or 1%, at $80.72 a barrel by 11:00 a.m. EST (1600 GMT). U.S. West Texas Intermediate crude was $1.14, or 1.47%, higher at $78.64. The latest round of

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 2.0 million barrels

January 15, 2025

Weekly Crude Oil Storage as of January 10, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.0 million barrels from the previous week. At 412.7 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

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