Japan’s JAPEX Backs Former TreadStone Execs’ New E&P Peoria
JAPEX U.S. Corp. (JUS), the U.S. arm of Japan Petroleum Exploration...
JAPEX U.S. Corp. (JUS), the U.S. arm of Japan Petroleum Exploration Co. Ltd., has made an equity investment to E&P Peoria Resources, the companies said March 26.
Financial terms of the equity investment were not disclosed, but the transaction comes as part of JAPEX’s plans to invest $1.5 billion in exploration and development projects through the end of 2030.
The Peoria investment extends JAPEX’s existing non-operated U.S. oil and gas business.
According to the JAPEX website, JAPEX owns minority interests in the South Texas Eagle Ford Shale and the Woodford play in southern Oklahoma. Operators include Marathon Oil and EOG Resources.
Japan’s Mitsui Testing Western Haynesville Alongside Comstock, Aethon
Japanese firm Mitsui spudded a test well earlier this month near the...
Japanese firm Mitsui spudded a test well earlier this month near the emerging western Haynesville play, adjacent to acreage held by Comstock Resources.
As of early March, Mitsui E&P USA, the U.S. E&P arm of Tokyo-based Mitsui & Co. Ltd., was drilling an exploratory vertical test well in Leon County, Texas, according to data from drilling contractor Scandrill and the Texas Railroad Commission (RRC).
On March 2, Scandrill’s Explorer rig spudded the vertical O. Henson #1 for Mitsui in Leon County—about five miles east of the town of Buffalo, Texas.
State regulators also approved Mitsui’s plan to drill a new horizontal well on acreage in nearby Freestone County, RRC filings show.
The presence of the Japanese company in the emerging play is another sign of renewed interest by foreign investors in U.S. shale following a shaky start more than a decade ago.
Home prices are high, but some buyers are crossing the Rubicon
The Wall Street Journal profiled some homebuyers who took a leap of faith...
The Wall Street Journal profiled some homebuyers who took a leap of faith and closed deals despite economic uncertainty, high interest rates, and low housing inventory. While not everyone can enter the housing market under the current conditions, those who can make it work are increasingly deciding to make progress on their life milestones rather than wait patiently for interest rates to return to 4%. The Mortgage Bankers Association reported that mortgage purchase applications were up 7% last week from the same time a year ago. “You can’t pause your life for what rates are going to do,” one of the homebuyers told the WSJ.
One week after learning inflation ticked up and consumer spending didn’t...
One week after learning inflation ticked up and consumer spending didn’t rise as much as expected, this Friday’s jobs report is expected to show slowing growth and unemployment remaining unmoved at 4.1%. This report will land while consumer confidence is reaching new lows. The latest survey from the University of Michigan revealed that two-thirds of consumers are expecting unemployment to rise in the year ahead, the most pessimistic that respondents have been since 2009.
Trump’s “Liberation Day” for tariffs arrives on Wednesday: That’s...
Trump’s “Liberation Day” for tariffs arrives on Wednesday: That’s when the administration is set to enact sweeping tariffs on products from other countries in response to their existing levies on American goods, though the size and breadth of the tariffs is not yet clear. Some of the tariffs that could begin this week include a tax on an array of imports from Canada and Mexico, reciprocal tariffs on countries that slapped retaliatory tariffs on US goods, and a 25% tariff on foreign automobiles and car parts. In an interview with NBC News on Saturday, Trump said he “couldn’t care less” whether foreign automakers raise prices because “people are going to start buying American-made cars.”
The death toll from the Myanmar earthquake surpassed 2,000.
President Trump told NBC News he would not rule out seeking a third term in office, saying, “There are methods which you could do it.”
An experimental drug from Eli Lilly cut a risk factor of genetic heart disease by 94% in a trial.
Snow White was dethroned from the top of the box office, falling behind the Jason Statham vehicle A Working Man.
Richard Chamberlain, who starred in Dr. Kildare, The Thorn Birds, and the 1980 miniseries Shōgun, died at 90.
