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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

Big Oil Returns To Exploration With A Bang
Energy security and affordability have trumped fears of stranded assets in recent years, prompting the world’s biggest international oil and gas firms to shift focus back to exploration after years of trying to develop clean energy solutions. Big Oil has scaled back investments in renewables, at least those majors that... Read more
Published on: 2025-09-17
Source: Oil Price RSS
Colombia’s Oil Output Keeps Falling as U.S. Relations Sour
Colombia’s oil and gas reserves could be revised up this year compared to 2024, but oil output continues to drop amid a hostile climate to oil and gas, social and security issues, and international majors bailing on Colombia. Colombia’s oil production could suffer another major blow as the investment climate... Read more
Published on: 2025-09-17
Source: Oil Price RSS
PDVSA’s U.S. Crown Jewel Slips Through Venezuela’s Fingers
The fate of Citgo, the jewel in the crown of Venezuela’s PDVSA, may be decided by the end of this week. The Venezuelan state-owned oil company may lose its prized asset. The creditors that fueled the process that led to the auction for Citgo may be left with empty hands,... Read more
Published on: 2025-09-17
Source: Oil Price RSS
Trump Pushes NATO to Halt Russian Oil Imports
US President Donald Trump has said NATO countries should stop buying Russian oil if they want Washington to tighten sanctions on Moscow -- but achieving this could be time consuming and challenging. Only three NATO nations currently import Russian crude: Hungary, Slovakia, and Turkey. Of the three, Turkey is the... Read more
Published on: 2025-09-17
Source: Oil Price RSS
XRG Walks Away From $19B Santos Takeover
Abu Dhabi National Oil Co. dropped its planned $19 billion takeover of Australian natural gas producer Santos Ltd.... Read more
Published on: 2025-09-17
Source: Rigzone RSS
‘Red Queen Syndrome’ Hits Global Oil Production
Shale oil wells are gushers in their first year, then deplete rapidly. Shale companies therefore, have to keep ploughing more money into production just to keep output flat, a phenomenon known as the “Red Queen Syndrome,” named after Lewis Carroll’s ‘Alice’s Adventures in Wonderland’. Shale wells typically bleed off 70... Read more
Published on: 2025-09-17
Source: Oil Price RSS
WTI Falls on Stockpile, Fed Moves
Oil dipped as a Fed rate cut and weak labor signals outweighed bullish stockpile data.... Read more
Published on: 2025-09-17
Source: Rigzone RSS
Who Really Controls U.S. Electricity Prices?
When we see prices rise and fall at the gas pump, we generally have an idea of what is driving the changes. Typically, it’s movements in the underlying price of oil, or sometimes there are refinery issues that can impact gasoline prices even when oil prices are stable. And people... Read more
Published on: 2025-09-17
Source: Oil Price RSS
Slovakia Resists Pressure to Quickly Halt Russian Energy
U.S. President Donald Trump said over the weekend that he's prepared to move ahead with 'major' sanctions on Russian oil if European nations do the same. ... Read more
Published on: 2025-09-17
Source: Rigzone RSS
Slovakia and Hungary Resist Trump Bid to Halt Russian Energy
Trump said over the weekend that he's prepared to move ahead with 'major' sanctions on Russian oil if European nations do the same. ... Read more
Published on: 2025-09-17
Source: Rigzone RSS
Chord Announces 'Strategic Acquisition of Williston Basin Assets'
'We are excited to announce the acquisition of these high-quality assets', Danny Brown, Chord Energy's President and Chief Executive Officer, said.... Read more
Published on: 2025-09-17
Source: Rigzone RSS
New Fortress Energy Gets New Deal to Supply Gas to Puerto Rico
New Fortress Energy agreed contract terms with local authorities to continue delivering natural gas for Puerto Rico's power system for seven more years.... Read more
Published on: 2025-09-17
Source: Rigzone RSS

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