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(Oil and Gas 360) – Energy Advisors recently released its latest edition of its MarketMonitor series, Letter From Dallas, highlighting key themes driving A&D. Market conditions remain favorable to sellers with strong buyer demand from private equity firms, family offices, institutional investors, hedge funds, and well-capitalized public companies. Valuation for producing (PDP) assets is strong, while competition across the minerals and NonOp markets is described by some as “fierce” How were the 3Q25 A&D Markets? Deal activity rebounded sharply in the third quarter, with 22 notable transactions recorded—up from 12 in 2Q and closely aligning with the 23-deal quarterly average…
OPEC+ yesterday agreed to yet another monthly boost in production, this time for a modest 137,000 barrels daily. Oil prices inched up, yet they remain tightly range-bound, with Brent at just over $65 per barrel following the news. On the one hand, this is good news for consumer countries—including the U.S. On the other hand, it’s bad news for producer countries—including, again, the U.S.The Wall Street Journal called Saudi Arabia’s strategy of leading the production cut unwinding a gift to President Trump. It would keep prices at the pump low, the publication said, and cushion the blow from tariffs. It…
(Oil and Gas 360) – CALGARY, Alberta, Oct. 06, 2025 (GLOBE NEWSWIRE) — The Board of Directors (the Board) of Precision Drilling Corporation (Precision) announced today that, as part of its long-standing succession plan, Mr. Carey Ford has been appointed as President and Chief Executive Officer and as a member of the Board. He succeeds Kevin Neveu, who has retired after serving as President and Chief Executive Officer and as a member of the Board since 2007. Mr. Ford joined Precision in 2011 and has served as Chief Financial Officer since 2016, guiding the company’s financial strategy and strengthening investor confidence through…
Zephyr Energy plc announced the results of an updated Competent Person’s Report (CPR) for its Paradox basin assets in Utah, revealing a major upgrade in reserves and resource estimates for the company’s flagship Paradox project. The report, compiled by Sproule-ERCE International Ltd., shows significant progress as the development advances toward full commercial production. According to the CPR, proved recoverable reserves (1P) increased 93-fold to 14.8 million net barrels of oil equivalent (boe), up from 0.16 million net boe in 2022. The 1P reserves are forecast to generate more than $115 million in undiscounted free cash flow, with a net present…
Zephyr Energy plc announced the results of an updated Competent Person’s Report (CPR) for its Paradox basin assets in Utah, revealing a major upgrade in reserves and resource estimates for the company’s flagship Paradox project. The report, compiled by Sproule-ERCE International Ltd., shows significant progress as the development advances toward full commercial production. According to the CPR, proved recoverable reserves (1P) increased 93-fold to 14.8 million net barrels of oil equivalent (boe), up from 0.16 million net boe in 2022. The 1P reserves are forecast to generate more than $115 million in undiscounted free cash flow, with a net present…
OpenAI told the world about its internal workplace tools last week, and since then, the market has been freaking out about whether the AI startup will someday compete with the SaaS industry with its own software tools.So, at OpenAI’s big DevDay conference on Monday, I headed straight to a presentation by Scotty Huhn, who is part of a team that builds tools that help OpenAI’s Sales, Customer Success, and Operations teams do their jobs more effectively.Huhn walked a packed crowd through three OpenAI software tools: GTM Assistant, OpenHouse, and Support Agent.He made clear these are internal tools at the moment,…
OpenAI is building its own version of an app store, a move that could threaten industry stalwarts like Apple and Google.At its DevDay event on Monday, the AI giant announced it’s bringing apps inside ChatGPT — which CEO Sam Altman said now has 800 million weekly users. OpenAI also unveiled an app software development kit (SDK) that allows developers to build their own apps for ChatGPT. These features all allow ChatGPT to function more like an app store.The first time users mention an app in ChatGPT, they’ll be prompted to connect and choose what data to share. Users can chat…
(Investing) – NEW YORK -Oil prices rose by about $1 on Monday after OPEC+’s planned production increase for November was more modest than expected, tempering some concerns about supply additions, though a soft outlook for demand is likely to cap near-term gains. climbed $1.07, or 1.66%, to $65.60 a barrel by 12:52 p.m. EDT (1652 GMT), while U.S. West Texas Intermediate crude was at $61.84, up 96 cents, or 1.58%. “The market feel that the actual amount of oil that is going to hit the market is far less than what they announced, given that some of the OPEC+ members are…
2025-10-06T21:20:46Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Firefly Aerospace plans to purchase defense analytics company SciTec for $855 million in cash and equity. The company anticipates that the deal will close by the end of 2025. Firefly hopes the acquisition will give it an edge in Trump’s Golden Dome plans. Firefly Aerospace, the Texas-based company that…
Abu Dhabi National Oil Co. has offered a slate of concessions to address European Union concerns over its €12 billion ($14 billion) takeover of Covestro AG. The European Commission confirmed it received remedies on Oct. 2, declining to elaborate on details of the offer. It added that despite the concessions being filed, the regulator hasn’t set a new deadline for a decision after it stopped the clock to request further details. The package of commitments includes a pledge to maintain Covestro’s intellectual property in Europe as well as concessions on the company’s unlimited state guarantee from the UAE, according to…