February 25, 2025 – Oil & Gas 360

Energy Market Assessment: Natural gas supply growth is short of demand growth & needs a profitable drilling boom

February 25, 2025

(Oil & Gas 360) – Climate Change To An Overdue Colder Winter Confirms Natural Gas Supply Growth Is Short Of Demand Growth & Needs A Profitable Drilling Boom. Bullish natural gas inventory data the direction we head is helped by how little natural gas was needed from inventory for the rest of the last several Winters. Weekly natural gas inventory draws

Diamondback Energy, Inc. announces fourth quarter and full year 2024 financial and operating results; increases base dividend

February 25, 2025

(Oil & Gas 360) – MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Average production of 475.9 MBO/d (883.4 MBOE/d) Net cash provided by operating activities of $2.3 billion; Operating Cash Flow

PetroTal announces Q1 2025 dividend declaration

February 25, 2025

(Oil & Gas 360) (USD $0.015/share dividend payable March 14, 2025 Calgary, Alberta and Houston, Texas–(Newsfile Corp. – February 20, 2025) – PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) (“PetroTal” or the “Company“) is pleased to announce that its Board of Directors has declared a cash dividend of USD $0.015 per common share for the first quarter of 2025.

Black Gold Exploration begins drilling in Illinois Basin

February 25, 2025

(World Oil) – Black Gold Exploration Corp. (BGX) has commenced drilling on the Fritz 2-30 oil and gas well in Clay County, Ind. BGX recently acquired a 10% working interest in the well and an option to participate in any offset developmental wells in a 210-acre area of mutual interest from the operator, Adler Energy. This prospect offsets the Fritz 1

Atlas Energy acquires Moser Energy, improving logistics solutions through Permian

February 25, 2025

(World Oil) – Atlas Energy Solutions has completed its previously announced acquisition of Moser Energy Systems. The addition of Moser’s distributed power platform to Atlas’ existing businesses creates a diversified energy solutions provider with a leading portfolio of proppant, logistics (including the Dune Express), and distributed power solutions. The Moser asset base includes a fleet of natural gas-powered generators, expanding

Bank of America predicts Brent crude to average $75/bbl in 2025

February 25, 2025

(BOE Report) – Bank of America expects Brent crude to average $75 per barrel in 2025 and $73 in 2026, citing low global oil inventories, balanced supply and demand, and about 5 million barrels per day of OPEC spare production capacity. The Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, had cut

Chevron to lay off 20% of global workforce

February 25, 2025

(Oil Price) – Chevron Corp. (NYSE:CVX) has announced that it will lay off 15-20% of its global workforce and reorganize its business structure. The U.S. oil and gas major announced that it will consolidate its Oil, Products & Gas segment into Upstream and Downstream, Midstream & Chemicals segment, and be led by Mark Nelson, the current executive vice president of the Oil, Products &

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