Two oil fields operated by DNO in northern Iraq were attacked by drones on Wednesday, a third such hit on energy installations in the region this week https://t.co/Z3wCpaeV1R ...

HOUSTON, July 15, 2025 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) intends to release second quarter 2025 results for the period ended June 30, 2025, on Wednesday, August 6, 2025, after the U.S. financial market closes. In addition to this release, Talos will host a conference call, broadcast live over the internet, on Thursday, August 7, 2025, at 10:00 AM Eastern Time (9:00 AM Central Time). Listeners can access the conference call through a webcast link on the Company's websi ...

DENVER, July 15, 2025 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announces that it plans to release its second quarter 2025 financial and operating results after market hours on July 31, 2025. See schedule below:July 31, 2025 – After market close, the Company plans to issue its second quarter 2025 financial and operating results, which will include an earnings release, a pre-recorded webcast discussing second quarter 2025 financial and operating results, and an associated presentatio ...

Summary of Ring Energy Fireside Chat - July 15, 2025 Company Overview - **Company**: Ring Energy (REI) - **Industry**: Oil and Gas Exploration and Production - **Key Assets**: Concentrated in the Permian Basin, specifically the Central Basin Platform Key Points and Arguments 1. **Acquisition Details**: Ring Energy completed a $100 million acquisition of assets from Lime Rock Resources on March 31, 2025, enhancing its position in the Central Basin Platform [3] 2. **Production Metrics**: - Q1 2025 total production averaged 18,400 BOEs per day, with 12,100 barrels per day of oil - Projected Q2 2025 production is about 21,500 BOEs per day, and for the second half of 2025, it is expected to be around 20,000 BOEs per day [3] 3. **Operational Synergies**: The acquisition allows for operational efficiencies due to the proximity and similarity of the new assets to existing ones, leading to lower operating costs [4][5] 4. **Production Profile**: The acquired assets have a lower decline rate (13.5%) compared to Ring's overall decline rate (22%), which is beneficial for maintaining production levels and reducing capital expenditures [6][40] 5. **Development Locations**: The acquisition added approximately 40 gross development locations, which are competitive within Ring's existing portfolio [9][10] 6. **Cost Synergies**: Integration of operations has led to immediate cost savings, including the reduction of lease operators and workover rigs, and improved marketing agreements resulting in an additional $0.80 per barrel [12][14][15] 7. **Water Handling Capabilities**: The acquisition enhances water handling capabilities, crucial for drilling and produced water management in the Permian Basin [17][20] 8. **Debt Reduction Strategy**: Ring Energy is prioritizing debt reduction, with plans to pay off the Lime Rock acquisition within three to four quarters, even in a lower oil price environment [35][51] 9. **Market Conditions**: The current acquisition market is characterized by uncertainty, with sellers reluctant to sell at lower oil prices, impacting potential acquisition opportunities [64][65] 10. **Future Outlook**: The company is focused on maintaining flexibility in its operations to adapt to market volatility, with a long-term goal of reducing leverage and potentially introducing dividends in the future [73][74] Additional Important Insights - **Credit Facility**: Ring reaffirmed a credit facility borrowing base of $585 million, extended to June 2029, with a reduced pricing margin, indicating improved financial terms [53][56] - **Organic Growth**: While the focus has shifted towards debt reduction, the company remains interested in organic growth opportunities that offer high rates of return [68][70] - **Market Positioning**: The management emphasizes the importance of a strong balance sheet to withstand price volatility and maintain operational flexibility [49][51] This summary encapsulates the key discussions and insights from the Ring Energy fireside chat, highlighting the company's strategic focus on operational efficiency, debt reduction, and adaptability in a volatile market environment.

Key Takeaways OXY's integrated portfolio spans upstream, midstream and chemicals, boosting efficiency and cash flow. Strong position in the Permian Basin and OxyChem's resilience support stable performance across cycles. OXY's earnings beat estimates for four straight quarters, with an average surprise of 24.34%.Occidental Petroleum Corporation (OXY) stands out in the oil and gas industry due to its strategically integrated portfolio, which enhances operational efficiency, boosts long-term growth and prov ...

Key Takeaways XOM expects Q2 earnings to fall due to weaker oil and gas prices hitting its upstream business. Lower WTI prices could slash upstream earnings by up to $1.2B; gas prices may cut another $700M. XOM's low 12.2% debt-to-capitalization gives it resilience amid soft commodity pricing.Exxon Mobil Corporation (XOM) has gained 1.6% over the past year, outpacing the 0.7% decline of the composite stocks belonging to the industry. This signifies that there is not much momentum in the stock price, but b ...

Key Takeaways Azule Energy has discovered gas in Angola's offshore Gajajeira-01 well within Block 1/14. The well revealed over 1 Tcf of gas and 100M barrels of condensate in the Lower Oligocene. Azule Energy will continue drilling to assess the full scale of the find before forming development plans.BP plc (BP) and Eni SpA’s (E) joint venture, Azule Energy, has encountered gas in an offshore block in Angola. Angola’s National Agency of Petroleum, Gas and Biofuels (“ANPG”) stated that the gas discovery was ...

Russia's crude exports rebounded ahead of Trump's threat of secondary tariffs on buyers of its oil, hitting 3.23m b/d in the four weeks to July 13, writes @JLeeEnergy https://t.co/bhl9jjyGkU ...

OPEC partly pushed back against reports that group leader Saudi Arabia surged crude production in June, with its latest monthly report indicating the kingdom may made only a modest increase https://t.co/ySBYa0FTQN ...

Core Viewpoint - Recent fluctuations in international oil prices have led to a reduction in domestic gasoline and diesel prices in China, effective from July 15, 2025, with gasoline prices decreasing by 130 yuan per ton and diesel prices by 125 yuan per ton [1]. Price Adjustment Summary - The adjustment in fuel prices is based on the average price comparison of the first ten working days before the price change [1]. - The three major oil companies, namely PetroChina, Sinopec, and CNOOC, along with other oil processing enterprises, are required to ensure stable supply and adhere to national pricing policies [1]. - Local authorities are tasked with increasing market supervision and strictly enforcing compliance with national pricing policies to maintain normal market order [1]. Retail Price Summary - The maximum retail prices for gasoline and diesel in various provinces and cities are provided, with specific prices listed for each region [2][4]. - For instance, in Beijing, the price for gasoline is set at 9040 yuan per ton, while diesel is at 8030 yuan per ton [4]. Average Price Changes - On a national average, the price of 92-octane gasoline is reduced by 0.10 yuan per liter, 95-octane gasoline by 0.11 yuan per liter, and 0-octane diesel by 0.11 yuan per liter [5]. - Filling a 50-liter tank with 92-octane gasoline will save consumers 5 yuan [5].