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Vitesse Energy completes $222 million acquisition of Lucero Energy

Oil & Gas 360ยบ

(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The addition of Luceros operations will enable Vitesse to expand its assets across the Bakken shale region, where Lucero had approximately 6.4

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

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Exploring the Various Applications of Drill Collars in Drilling Operations

DIC Oil Tools

DIC is one of the leading Suppliers of the highest-quality products for the Oil & Gas Industry. We supply the complete range of OCTG and Accessories and other oil requirements with the highest quality standards in the industry. DIC all products pass the ISO and API Certification. What Does Drill Collar Mean?

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MarketViewยฎ by Enverus Trading and Risk Solutions Is Now SOC 1 Type 1 Certified!

Enverus

We are thrilled to announce that MarketView , a flagship product of Enverus Trading and Risk Solutions, has achieved the prestigious SOC 1 Type 1 certification! Additionally, Enverus is already SOC 2 compliant, further reinforcing our dedication to industry-leading standards in security and operational controls.

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Louisiana Operators Are Not Responsible For Making Non-Participantsโ€™ Royalty Payments Before Payout

The Energy Law

By Dana Douglas The Louisiana First Circuit Court of Appeal recently held that an operator is not responsible for payment of a non-operatorโ€™s royalties and overriding royalties before payout. In Gulf Explorer, LLC v. 6/8/07), the operator completed a well that was plugged and abandoned without reaching payout.

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Whatโ€™s Next for Diversified Energy? Exploring the $1.3 Billion Maverick Deal

Rextag

Maverick Natural Resources has operations in Texas and Oklahoma Diversified Energy (DEC) has agreed to acquire Maverick Natural Resources, a private-equity-backed oil and gas producer, in a deal valued at approximately $1.3 Upon completion, the merged entity will hold an enterprise value of roughly $3.8 billion, including debt.

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Production in Paying Quantities: Maintaining Mineral Leases Beyond Their Primary Terms with Production of Oil or Gas

The Energy Law

The sharp decline in oil prices over the past year and a half has had a significant impact on operators and mineral lessees in Louisiana and in other oil-producing states. Mineral lessees may be particularly concerned with whether recent production levels have maintained their leases beyond their primary terms.

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