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Tunnel Oil & Gas Press Releases

Veteran Oil Partners secures $1.7MM capital commitments

Veteran Oil Partners secures $1.7MM capital commitments

Veteran Oil Partners, a Dallas based energy firm, announced today the closing of the J. Fite LP with $1,700,000 in equity cash commitments secured. Veteran Oil Partners is the managing general partner of the J. Fite LP, an oil focused investment program that...

Veteran Oil Partners’ oil production surges 586% in the last year.

Veteran Oil Partners’ oil production surges 586% in the last year.

As of November 4th 2019 Veteran Oil Partners, a Dallas based oil exploration and development company, has produced more than 52,761 barrels of WTI crude oil in 2019; approximately $3,000,000 in gross oil revenue at an average price of $57.00 per barrel. This marks a...

O&G Industry Headlines

Oil Prices Rebound as Trump’s Iran Armada Rhetoric Revives Supply Fears
Remarks by President Donald Trump about a U.S. “armada” on its way to Iran reversed a Thursday drop in oil benchmarks, setting them for a weekly gain. At the time of writing, Brent crude was trading at $64.50 per barrel, with West Texas Intermediate at $59.78 per barrel, after shedding... Read more
Published on: 2026-01-23
Source: Oil Price RSS
Shell Considers Asset Sales in Argentina’s Shale Heartland
Shell may be considering leaving the Vaca Muerta shale play in Argentina, Reuters has reported, citing unnamed sources. Both a partial asset sale and a full exit are on the table, according to the report, with the deal or deals potentially fetching billions. The Vaca Muerta play is considered the... Read more
Published on: 2026-01-23
Source: Oil Price RSS
Trump Claims UK Has 500 Years Of Oil Reserves Left In The North Sea
The U.S. stock market has pared back heavy losses it posted earlier in the week after U.S. President Donald Trump relented on his threat to slap European and NATO nations with tariffs for opposing his push to acquire Greenland. Trump also ruled out the use of military force to take... Read more
Published on: 2026-01-22
Source: Oil Price RSS
Why American Shale Know-How Is Becoming a Global Export
As U.S. shale production plateaus, America’s frackers are looking at opportunities abroad to tap new growth markets and develop emerging shale basins overseas, leveraging two decades of experience and technological innovation. Opportunities abound—from Argentina to Australia—as oil and gas-producing nations look to unlock unconventional resources to increase domestic output and... Read more
Published on: 2026-01-22
Source: Oil Price RSS
Why Russia's Diesel Exports Are Suddenly Soaring
Russian diesel has moved from being the main bullish factor in global middle-distillate markets in 2025 to an overwhelmingly bearish force by early 2026, reversing a year-long surge in refining margins. The European diesel crack spread rose from $16.7/bbl in early January 2025 to $34.17/bbl in November as Russian supply... Read more
Published on: 2026-01-22
Source: Oil Price RSS
Oil Slides on Rising Supply, Peace Hopes
Oil prices fell sharply as rising inventories and peace hopes pressured the market.... Read more
Published on: 2026-01-22
Source: Rigzone RSS
Only a Fraction of Venezuela's Oil Is Economically Recoverable
Venezuela is often described as sitting atop the largest oil reserves on Earth. Officially, the country reports more than 300 billion barrels of proven oil—more than Saudi Arabia. To many readers, that figure implies vast, untapped wealth waiting only for political change to unlock it. But Venezuela did not become... Read more
Published on: 2026-01-22
Source: Oil Price RSS
USA Won't Offer OTG Security to Oil Firms in VEN
The Trump administration has no plans to directly provide security to oil producers in Venezuela, Energy Secretary Chris Wright said Thursday.... Read more
Published on: 2026-01-22
Source: Rigzone RSS
Venezuelan Oil Heads to Europe
Europe is set to receive some of its first shipments of Venezuelan oil in almost a year.... Read more
Published on: 2026-01-22
Source: Rigzone RSS
EIA Sees USA Gasoline Price Under $3 in 2026 and 2027
The EIA projected, in its latest STEO, that the U.S. regular gasoline retail price will average under $3 per gallon both this year and next year.... Read more
Published on: 2026-01-22
Source: Rigzone RSS
Russia Says 3 Killed, Fuel Tanks Damaged by Ukraine Attack on Port
Russia said Ukrainian drones hit a Black Sea port, setting four fuel terminals on fire and killing three people.... Read more
Published on: 2026-01-22
Source: Rigzone RSS
Glenfarne Says Texas LNG Capacity Fully Committed
'With the completion of offtake negotiations, Glenfarne is now focusing on finalizing the financing process as we advance toward a final investment decision in early 2026'.... Read more
Published on: 2026-01-22
Source: Rigzone RSS

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