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Houston, TX, July 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the acquisition of certain assets from Edge Energy II LLC (“Edge Energy”) in an off-market transaction for $12.5 million in cash, funded through the Company’s credit facility, resulting in a non-dilutive transaction for shareholders. “This strategic and highly accretive bolt-on acquisition enhances our existing footprint in the DJ Basin,” said Edward Kovalik, Chairman and CEO. “With a high working interest,…
Activity in the US oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday, as firms grappled with a jump in steel tariffs. The decrease comes after US President Donald Trump, who has encouraged US producers to “drill, baby, drill,” doubled tariffs on steel and aluminum imports to 50 per cent from 25 per cent in early June. Roughly a quarter of all steel used in the US is imported, while half of all aluminum used in the US is imported.Investors have navigated significant volatility…
Golden Pass LNG, which is owned by Exxon Mobil and QatarEnergy, has asked US regulators for permission to re-export liquefied natural gas from October 1, as the export plant nears production after previous delays.The company said it wants to re-export a cargo of LNG that it plans to import to cool down its export plant in Texas, which is still under construction. Cooling down the plant is often the final step before producing LNG.Golden Pass is building an 18 million metric tons per annum (mtpa) LNG export facility in Sabine Pass, Texas, and plans to start exporting LNG later this…
(Bloomberg) – U.S. shale executives expect to drill significantly fewer wells this year than planned at the start of 2025, as lower oil prices and uncertainty around President Donald Trump’s tariffs hurt profits, according to a Federal Reserve Bank of Dallas survey. Almost half of oil executives said they expect to drill fewer wells in 2025 than planned at the start of the year, according to second-quarter survey results released Wednesday. For “large” exploration and production firms — producing 10,000 bpd or more — 42% said they expected a significant decrease in the number of wells drilled. Most…
It’s not just Tesla.Rivian Automotive’s Q2 deliveries were also down. The company shared its production and delivery results on Wednesday. It delivered 10,661 vehicles in the quarter ending on June 30. That’s a noticeable drop compared to the same time last year, when Rivian delivered 13,790 vehicles. Reuters reported a 22% decline.Its stock dipped on Wednesday and closed down 4.45%.The company shared that it produced 5,979 vehicles at its Illinois-based manufacturing facility during the last quarter. The company produced 9,612 vehicles during the same time in 2024.”Production was limited during the second quarter in preparation for model year 2026 vehicles…
(World Oil)– The U.S. Senate on Tuesday voted to narrowly approve President Trump’s $3.3 trillion tax and spending package dubbed the ‘One Big Beautiful Bill.’ U.S. energy associations including the API, IPAA, NOIA and EWTC issued separate statements acknowledging the Senate’s decision as a victory for the U.S. oil and gas industry. “We applaud the Senate for passing the One Big Beautiful Bill to bolster America’s energy advantage and support economic growth,” said American Petroleum Institute (API) President and CEO Mike Sommers. “This historic legislation will help usher in a new era of energy dominance by unlocking opportunities for investment, opening…
HCLTech and Equinor have expanded their IT collaboration to support the next phase of Equinor’s digital transformation. This expanded relationship will cover Equinor’s IT landscape across several key strategic areas. HCLTech will support Equinor as it accelerates its digital transformation by: Accelerating its cloud migration and standardizing services across operations Enhancing its cyber resilience and network performance Improving workplace experience through automation Enabling advanced user experiences with technologies like augmented reality (AR) “We’re pleased to continue our long-standing collaboration with Equinor,” said Sandeep Kumar Saxena, Executive Vice President, HCLTech. “This collaboration reflects our shared commitment to innovation and…
(BOE Report)– Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous month as the loss of the U.S. and European markets was offset by more cargoes sent to China, according to shipping data and documents. Washington in late May terminated a group of licenses that had authorized partners of oil company PDVSA, including Chevron and Repsol, to take Venezuelan crude bound for U.S. and European refineries. The state firm has ramped up exports to Asia since, selling its crude and fuel through little-known intermediaries that make deals with independent refiners in China.…
One of Amazon Prime’s most exciting benefits is access to exclusive member deal holidays, like Amazon Prime Day from July 8 to 11, 2025. But even with that in mind, how does it compare to competing services like Walmart Plus?Both subscription services offer free delivery and other perks, including video and music streaming and fuel discounts. The former costs about $40 less a year and has a lower minimum fee for free grocery delivery, while the latter has more robust streaming content and access to Amazon Prime Day. While it’s true Walmart is planning to hold a competing sale, Amazon Prime…
Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Eni SpA and Exxon Mobil Corp. are also among the 37 companies that have lodged interest, with contracts due to be signed with successful bidders by the end of 2025, National Oil Corp Chairman Massoud Seliman said in an interview in the capital, Tripoli. “Almost all well-known international companies” are vying for the 22 offshore and onshore blocks, he said. Foreign firms…