VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
Vitol-backed VTX Energy has quickly ramped...
Vitol-backed VTX Energy has quickly ramped its southern Delaware Basin production from 500 gross bbl/d of oil and condensate in late 2022 to 42,000 gross bbl/d south of Monahans, Texas.
Since accumulating and taking over operations in a roughly 46,000-net acre position straddling Pecos and Reeves counties in 2023, the Austin, Texas-based E&P completed 33 new wells through April, according to Texas Railroad Commission (RRC) data.
The RRC keeps newer completion data confidential for six months.
CA sues Exxon for billions over alleged recycling lies
California state officials filed a lawsuit against one of the world’s...
California state officials filed a lawsuit against one of the world’s top oil giants yesterday, accusing Exxon Mobil of driving global pollution by running a “decades-long campaign of deception” that dramatically overstated the effectiveness of plastic recycling.
The suit seeks “multiple billions of dollars” in civil damages from Exxon Mobil—a main producer of the petrochemicals used to make single-use plastics—California Attorney General Rob Bonta said.
In response, an Exxon spokesperson said California “failed to act” on fixing the state’s recycling management, and “now they seek to blame others.” The spokesperson also said, “Instead of suing us, they could have worked with us to fix the problem and keep plastic out of landfills.”
Israeli strikes on Hezbollah kill hundreds in Lebanon. At...
Israeli strikes on Hezbollah kill hundreds in Lebanon. At least 490 people were killed, including 35 children, and 1,600 people were injured in Israeli airstrikes targeting the Iran-backed militant group, which has been shelling northern Israel amid Israel’s war with Hamas in Gaza. A spokesperson for Israel’s military said it had hit 1,300 Hezbollah targets in what news outlets described as the deadliest day in Lebanon since Israel’s 2006 war with the group. Israel has escalated its assaults on Hezbollah over the last week, including coordinated attacks using the group’s pagers and walkie-talkies, but Hezbollah has vowed to keep attacking, as concerns about a regional war grow.
German Chancellor Olaf Scholz warned Italian bank UniCredit against “unfriendly” acts after the bank upped its stake in Germany’s Commerzbank, eclipsing the country as its largest shareholder.
New FBI stats show violent crime fell 3% from 2022 to 2023. Murder was down 11.6%, making it the biggest drop in 20 years.
California banned plastic shopping bags, even thicker ones billed as reusable, at grocery stores as of 2026.
A powerful storm, which will be called Hurricane Helene if it gains strength, is forecast to make landfall in Florida on Thursday.
Two Russian cosmonauts, one of whom completed the longest stay in space, and a US astronaut returned from the International Space Station to Earth yesterday.
Oil Price Slide Eases as Tropical Cyclone Looms over Gulf of Mexico
On Monday, oil prices responded more to European economic data than the...
On Monday, oil prices responded more to European economic data than the potential oil supply disruption from the Gulf of Mexico or intensifying conflict developments in the Middle East.
Oil prices closed lower on Monday as worries about demand were compounded by disappointing euro zone business activity and a weak Chinese economy.
Brent crude futures for Novembersettled down 59 cents, or 0.8%, to $73.90 a barrel, while U.S. crude futures for Novemberfell 63 cents, or 0.9%, to $70.37.
Eurozone business activity contracted sharply and unexpectedly this month as the bloc’s dominant services industry flatlined while a downturn in manufacturing accelerated.
U.S. stock-market indexes start week with gains as post-Fed rally continues
U.S. stocks ended higher on Monday, extending last week's...
U.S. stocks ended higher on Monday, extending last week's rally following the Federal Reserve’s 50 basis-point rate cut.
According to preliminary closing data from FactSet, the Dow Jones Industrial Average closed roughly 0.1% higher, marking its third straight daily gain and record close.
The S&P 500 finished up 0.3% to a record close, its 40th record close of the year.
