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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

Unrest in Iran Pushes Oil Prices Higher
Oil prices continued to climb early on Tuesday as markets focused on unrest in Iran and the risk of a U.S. intervention disrupting supply in the world's most important oil region. At the time of writing, WTI Crude was trading around $59.74 per barrel, up 0.4%, while Brent Crude was... Read more
Published on: 2026-01-12
Source: Oil Price RSS
Why Oil Majors Are Hesitant to Invest in Post-Maduro Venezuela
The U.S. stood the energy world on its ear with the “wee-hours” takedown of the Maduro regime just as the New Year began. One of the principal aims of the administration was made abundantly clear in the press conference that detailed the stunning shift in energy geopolitics that had been... Read more
Published on: 2026-01-12
Source: Oil Price RSS
Where The Middle East’s Next 20 Billion Barrels Are Coming From
Previously, we reported that global upstream operators will cut investment for a second consecutive year in 2026, with capital expenditure expected to fall by at least 2-3% year-on-year, and more than 5% compared to 2024 levels, as the industry navigates sub-$60/bbl oil prices while maintaining focus on long-term resilience. Still,... Read more
Published on: 2026-01-12
Source: Oil Price RSS
Cheap Oil Is Double-Edged Sword for Trump
One of the campaign promises of President Donald Trump was to secure affordable energy for Americans. Even at the time, this promise put him at odds with the oil industry, already suffering from low oil prices. Now, the rift has deepened as the prospect of cheap Venezuelan crude pressures everyone... Read more
Published on: 2026-01-12
Source: Oil Price RSS
Trump’s Venezuela Gambit Could Erode OPEC’s Clout in Oil Markets
For the past year, surging oil production from the Americas – led by the United States, Guyana, and Brazil – has been a headache for OPEC in its efforts to rebalance the market and seek higher oil prices. OPEC’s efforts to continue influencing global oil supply and prices could be... Read more
Published on: 2026-01-12
Source: Oil Price RSS
Oil Jumps as Iran Tensions Escalate
Oil prices jumped to their highest level since December as unrest in Iran raised fears of supply disruptions.... Read more
Published on: 2026-01-12
Source: Rigzone RSS
Why Europe’s Reliance on China Is a Policy Choice, Not a Resource Problem
Few debates in Brussels carry as much emotional charge as critical raw materials. Mention lithium, rare earths, graphite, or nickel and the discussion almost immediately turns alarmist. China dominates the supply chain. Europe is dangerously dependent. The energy transition is at risk. The tone often suggests inevitability, as if this... Read more
Published on: 2026-01-12
Source: Oil Price RSS
Democrats Put Alaska Senate Seat in Play
Former Alaska Representative Mary Peltola launched a campaign Monday to challenge Republican Dan Sullivan for one of Alaska's Senate seats.... Read more
Published on: 2026-01-12
Source: Rigzone RSS
North America Adds Almost 100 Rigs Week on Week
North America added 94 rigs week on week, according to Baker Hughes' latest North America rotary rig count.... Read more
Published on: 2026-01-12
Source: Rigzone RSS
Trump Says He's Inclined to Exclude XOM From Venezuela
President Donald Trump signaled he's leaning toward excluding Exxon Mobil Corp. from his push for U.S. oil majors to rebuild Venezuela's petroleum industry.... Read more
Published on: 2026-01-12
Source: Rigzone RSS
Intensity, Rainbow Near FID on North Dakota Gas Pipeline
Intensity Infrastructure Partners and Rainbow Energy indicated they are nearing a positive final investment decision on a new pipeline project to bring Bakken natural gas to eastern North Dakota.... Read more
Published on: 2026-01-12
Source: Rigzone RSS
WoodMac Sees USA Tight Oil Output Shrinking in 2026
'We expect output to fall', analysts at Wood Mackenzie said.... Read more
Published on: 2026-01-12
Source: Rigzone RSS

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