Core Viewpoint - Arrow Exploration Corp. has reported its Q3 2025 financial results, highlighting significant operational activities and production growth in Colombia, alongside ongoing discussions for regulatory approvals related to its assets [1][2][7]. Financial Highlights - Total oil and natural gas revenue for Q3 2025 was $18.5 million, with a year-to-date (YTD) revenue of $53.9 million [8][9]. - The company recorded a net income of $3.1 million for Q3 2025, with a YTD net income of $4.8 million [9][12]. - Cash balance as of November 1, 2025, was $8.2 million, reflecting significant capital expenditures in Q2 and Q3 [4][8]. - Operating cash flows generated YTD amounted to $25 million [8]. Production and Operational Highlights - Average corporate production for Q3 2025 was 4,214 barrels of oil equivalent per day (boe/d), a 12% increase from Q2 2025 [10][11]. - The company drilled two development wells in Carrizales Norte and one exploration well in Mateguafa Oeste during Q3 2025 [8][10]. - The Mateguafa Attic discovery is expected to become a major production platform, with further drilling planned for Q1 2026 at the Icaco prospect [6][7]. Cost and Pricing Insights - Realized corporate oil operating netbacks were $38.21 per barrel for Q3 2025, down from $52.00 in Q3 2024 [12][13]. - The company experienced a reduction in realized prices for crude oil and natural gas compared to the same period in 2024, with crude oil prices averaging $56.67 per barrel in Q3 2025 [12][15]. - Operating costs decreased significantly in Q3 2025 compared to Q2 2025, attributed to investments in infrastructure [7][15]. Regulatory and Future Plans - Arrow is in discussions with authorities regarding the extension of the Tapir block and the termination of obligations for the COR-39 Block [5][7]. - The company plans to continue drilling low-risk wells at the Mateguafa Attic pad and prepare for exploratory drilling at the Icaco prospect [9][10].

Core Insights - Exxon Mobil Corporation has signed preliminary agreements for the exploration and development of the Majnoon oil field in Iraq, marking its re-entry into the country after a two-year absence [1][9] - Iraq, which currently produces nearly 4 million barrels of oil per day, aims to increase production to 6 million barrels per day by 2029 [1] Group 1: Details of the Majnoon Oil Field Deal - The Majnoon oil field, located approximately 37 miles from Basra, is estimated to hold 38 billion barrels of oil [2] - Exxon Mobil intends to sign heads of agreements with the Basra Oil Company and SOMO to develop the oilfield and enhance Iraq's export capacity, including profit-sharing on crude oil and refined products [2][9] - Discussions are ongoing regarding potential oil marketing projects in southern Iraq, with plans for SOMO to secure additional storage capacity in Singapore to improve access to Asian markets [3][9] Group 2: ExxonMobil's Past Involvement & Market Context - ExxonMobil was one of the first Western oil companies to enter Iraq in 2010, aiming to strengthen the energy sector post-Saddam Hussein [4] - The company previously exited exploration projects in Basra and Kurdistan due to weak returns and transferred its stake in the West Qurna 1 oilfield to PetroChina [5] - Iraq has recently signed agreements with other oil majors like Chevron and BP, offering more favorable investment terms to boost oil and gas production [6][7]

Core Insights - The total number of active drilling rigs in the United States increased to 549, although this is a decrease of 38 rigs compared to the same time last year [1] - US drillers added 6 oil rigs this week, bringing the total to 424, which is a decline of 60 rigs year over year [2] - The number of gas rigs decreased by 1 to 117, which is 18 rigs lower than the same time last year [2] - Weekly U.S. crude oil production rose slightly to 13.501 million barrels per day, but remains 61,000 barrels per day lower than at the beginning of the year [3] - The Permian Basin's rig count fell to 253, which is 53 rigs below year-ago levels [4] - The Eagle Ford rig count increased from 42 to 45, just 3 rigs fewer than the same time last year [4] - WTI benchmark crude oil traded at $65.88, up $0.90 (+1.39%) on the day, while Brent crude traded at $70.24, up $0.82 (+1.18%) [4]