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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

Recycled Aluminum Market Set for $91 Billion Boom by 2032
The global aluminum recycling market is set for a substantial expansion, projected to reach $91.3 billion by 2032, as industrial consumers aggressively pursue low-carbon material sources to mitigate skyrocketing energy costs and meet stringent decarbonization targets. The forecast, detailed in a new market analysis, highlights a fundamental shift in the... Read more
Published on: 2025-12-03
Source: Oil Price RSS
Norway Abandons Deep Sea Mining Plans
Norway has temporarily halted its deep-sea mining plans by postponing the first licensing round until at least 2029, following a political agreement with the Socialist Left Party for the state budget. The four-year delay to exploration and extraction activities in Norwegian waters was achieved through budget negotiations, although the government... Read more
Published on: 2025-12-03
Source: Oil Price RSS
U.S. Eyes Warehouse Generators for Massive Grid Capacity Boost
Energy Secretary Chris Wright has floated an unusual but very creative plan to quickly expand U.S. grid capacity: tapping the industrial diesel generators already sitting at data centers, big-box retailers, and other commercial sites. The proposal comes as multiple regional grids strain under the explosive power demand driven by the... Read more
Published on: 2025-12-03
Source: Oil Price RSS
Russia’s Druzhba Oil Flows Continue After Ukraine Strike
Hungary has reported that oil flows from Russia via the key Druzhba oil pipeline have continued after it came under attack by Ukraine on December 1. According to Mol Nyrt, Hungary's main oil company, imported crude flows through the Transneft-owned pipeline have so far been unaffected. Previously, the Kyiv Independent... Read more
Published on: 2025-12-03
Source: Oil Price RSS
Tajikistan Turns to Russia After Deadly Cross-Border Militant Raids
Tajikistan is seeking Russia’s help in containing raids by Islamic militants operating out of Afghanistan. Two attacks within the past week have left five Chinese nationals working on road construction and gold mining projects in Tajik border areas dead. The Reuters news agency reported December 2 that Tajik officials are... Read more
Published on: 2025-12-03
Source: Oil Price RSS
Ex-Pornhub Owner Reportedly Interested In Lukoil Assets
Austrian businessman Bernd Bergmair, former majority owner of Pornhub, has approached the U.S. Treasury about buying assets of Russian oil major Lukoil after the Trump administration sanctioned the company.  "Obviously Lukoil International GmbH would be a great investment and anybody would be fortunate to have the privilege of owning those... Read more
Published on: 2025-12-03
Source: Oil Price RSS
Russia Oil Revenue Falls by a Third
The Russian government's oil proceeds shrank by almost a third in November from a year ago.... Read more
Published on: 2025-12-03
Source: Rigzone RSS
OPEC Receives Updated Compensation Plans
A statement posted on OPEC's website this week announced that the OPEC Secretariat has received updated compensation plans from Iraq, the UAE, Kazakhstan, and Oman.... Read more
Published on: 2025-12-03
Source: Rigzone RSS
TVA, Holtec to Get Up To $800MM in DOE Funding for SMR Development
The funding will help 'advance initial projects in Tennessee and Michigan and help expand the nation's capacity while facilitating additional follow-on projects and associated supply chains'.... Read more
Published on: 2025-12-03
Source: Rigzone RSS
USA Gasoline Price Falls to Lowest Level Since May 2021
'Nearly every state saw average gas prices fall heading into Thanksgiving', Patrick De Haan, Head of Petroleum Analysis at GasBuddy, said.... Read more
Published on: 2025-12-03
Source: Rigzone RSS
Perenco Raises Oil Production Capacity in Chad
Perenco has increased its oil production capacity in Chad to over 18,000 bpd, coming from the Badila and Mangara fields.... Read more
Published on: 2025-12-03
Source: Rigzone RSS
OEUK Raising Awareness of New Worker Weight Limit Policy
OEUK described the policy as 'an industry-wide initiative that has been developed following extensive engagement between OEUK, HM Coastguard, helicopter operators, and member companies'. ... Read more
Published on: 2025-12-03
Source: Rigzone RSS

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