Ring Energy Inc. is expanding its Central Basin Platform (CBP) leasehold in the Permian Basin of West Texas through a $75 million deal with privately held Founders Oil & Gas IV LLC. The independent exploration and production (E&P) company, headquartered in The Woodlands north of Houston, is snatching up 3,600 net acres in Ector County,…
Articles from Independents
Recently announced rollbacks of Obama-era methane controls for the oil and gas industry appear destined for a legal and political onslaught, particularly if Joseph R. Biden Jr. is elected president. In a two-part rulemaking, the Environmental Protection Agency (EPA) last week rescinded the regulations enacted under the 2016 Oil and Natural Gas New Source Performance…
The Permian Basin, one of the greatest comeback stories in the long history of the oil and gas industry, was given a new and better life with unconventional techniques, and opportunities still exist, but they won’t come without a few challenges, according to research by the University of Houston (UH).
Mexico’s first independent oil and gas company since energy reforms were instituted four years ago began trading Friday following a successful public offering for $650 million.
The 50 largest U.S. producers last year saw their revenues and capital spending plunge, as they attempted to cope in the first full year since 2004 that West Texas Intermediate oil spot prices averaged under $60/bbl, Ernst & Young LLP said.
A trade group representing Pennsylvania’s legacy oil and natural gas producers has filed a lawsuit against the state Department of Environmental Protection (DEP) to stop a package of new regulations that it claims would put many of its members out of business.
U.S. natural gas and oil reserves each increased by 9% in 2013 at a lower cost than in 2012, primarily because of gains by the largest independents, Ernst & Young LLP (EY) revealed in its latest annual review.
Independent oil and natural gas producers could see a drop of 25% in their capital expenditures (capex) under Senate Finance Committee Chairman Max Baucus’ (D-MT) draft tax reform plan, according to a spokesman for the Independent Petroleum Association of America (IPAA).
Big Oil’s attempt to take over the North American onshore from U.S. independents so far hasn’t paid off as some would have imagined just a few years ago, with the majors still struggling to capture the kind of profits and production results they may have been anticipating.