US Energy Corp. Closes Divestiture of East Texas Assets
U.S. Energy Corp. has closed a sale of East Texas assets, which gained...
U.S. Energy Corp. has closed a sale of East Texas assets, which gained cash proceeds of about $6.82 million to be directed to the company’s industrial gas project in Montana. The buyer of the assets wasn’t named.
U.S. Energy said the divested assets averaged 1 MMcf/d of natural gas and 149 bbl/d of oil for the quarter ending Sept. 30.
Kimbell Royalty Partners Adds to Permian Portfolio with $231MM Deal
Kimbell Royalty Partners will acquire oil and natural gas mineral and...
Kimbell Royalty Partners will acquire oil and natural gas mineral and royalty interests in the Midland Basin in a cash-and-equity deal valued at $231 million, the company said Jan. 7.
Kimbell will pay $207 million in cash and 1.4 million common units valued at $24 million for interests held by Boren Minerals.
The interests are located in the Mabee Ranch and concentrated in Martin and Andrews counties, Texas. They hold more than 875 gross producing wells across 68,000 gross acres. Operators on the acreage include ConocoPhillips, Diamondback Energy and Exxon Mobil Corp.
Fierce Winds Whip Up Devastating Wildfires in Southern California
Terrifying scenes...
Terrifying scenes played out across Southern California early Wednesday as fierce winds of nearly 100 miles per hour propelled multiple wildfires that laid waste to homes and businesses, covered cities and highways in smoke, whipped up storms of embers and turned the skies red.
Officials have tallied devastating losses but warned that the worst was still to come, with wild winds expected to fuel the out-of-control blazes and hinder firefighting efforts well into Wednesday.
A devastating earthquake killed at least 126 in Tibet. A...
A devastating earthquake killed at least 126 in Tibet. A 7.1-magnitude quake struck the Tibet region in western China near the border of Nepal, rocking the holy city of Shigatse and destroying villages in the remote area. According to Chinese state media, 188 others were injured in addition to those killed, and 3,600 houses were damaged. The quake could be felt as far as Mount Everest base camp and Kathmandu, Nepal’s capital. The Dalai Lama, who lives in exile in India, said he was “deeply saddened” by the tragedy.
Anthropic is in talks to raise $2 billion in a funding round that would value the AI startup at $60 billion, the Wall Street Journal reported.
Jean-Marie Le Pen, the ultra-nationalist co-founder of France’s far-right National Front party, died at 96.
Nvidia pitched an expansion into robotics at CES in Las Vegas this week.
The Washington Post laid off 4% of staff as it deals with high-profile newsroom defections and internal criticism over leadership decisions.
JPMorgan is planning to order all employees to return to the office five days a week, per Bloomberg.
Oil prices settle up on possible supply disruption, hopes for China demand
(Reuters) - Oil prices settled higher on Tuesday, driven by concerns over limited supply...
(Reuters) - Oil prices settled higher on Tuesday, driven by concerns over limited supply from Russia and Iran because of Western sanctions and expected higher Chinese demand.
Brent crude futures settled at $77.05 a barrel, up 75 cents, or 0.98%. U.S. West Texas Intermediate (WTI) crude finished at $74.25 a barrel, up 69 cents, 0.94%.
