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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

Gulf of Mexico Lease Sale Marks Strongest Bid Activity Since 2017
The first lease sale for the Gulf of Mexico during President Trump’s second term drew bids worth close to $300 million, with the average price bid per acre the highest in eight years. The total, however, was $100 lower than the bids made in the last Gulf lease sale, back... Read more
Published on: 2025-12-11
Source: Oil Price RSS
U.S. Strategy Exposes Europe’s Fragile Future
The US National Security Strategy Is Correct About European Strategic Weaknesses The recent publication of the United States National Security Strategy provoked a strong reaction amongst many in the political establishment across Europe, both within and outside the EU. It has been widely seen by critics as proof of a... Read more
Published on: 2025-12-11
Source: Oil Price RSS
House Vote Reignites Fight Over Who Controls America’s Pipeline Buildout
The House on Thursday narrowly approved the PERMIT Act, a Republican-backed measure that would roll back the authority states have used for years to block major pipeline projects under the Clean Water Act. The 221–205 vote marks the chamber’s most aggressive attempt yet to redraw the permitting map just as... Read more
Published on: 2025-12-11
Source: Oil Price RSS
Crude Settles at October Lows
WTI and Brent fall as bearish fundamentals eclipse geopolitical headlines.... Read more
Published on: 2025-12-11
Source: Rigzone RSS
Seizing Venezuelan Oil May Cost Washington More Than Caracas
On Wednesday, the United States carried out one of its most consequential maritime interventions to date. The Federal Bureau of Investigation, Homeland Security Investigations, and the United States Coast Guard, acting with support from the Department of War, seized a crude oil tanker accused of transporting sanctioned oil from Venezuela... Read more
Published on: 2025-12-11
Source: Oil Price RSS
Trump Zeros In on Venezuela’s Oil Networks
Washington moved aggressively back into Venezuela’s oil sector on Thursday, sanctioning Maduro family members, a longtime business ally, and six companies operating tankers that have kept PDVSA’s exports alive through opaque shipping practices. It’s the clearest sign yet that the brief thaw under Biden is over, and that the Trump... Read more
Published on: 2025-12-11
Source: Oil Price RSS
Ukraine Attacks Russian Offshore Oil Field
Ukraine attacked Lukoil PJSC's Filanovsky oil field in the Caspian Sea, according to a person familiar the matter.... Read more
Published on: 2025-12-11
Source: Rigzone RSS
Green Hydrogen Set for Industrial Commoditization by 2032
The global green hydrogen market is projected to undergo massive expansion over the next decade, swelling from USD 2.79 billion in 2025 to nearly $75 billion by 2032, according to a new report by MarketsAndMarkets This forecast, representing a compound annual growth rate (CAGR) of 60%, highlights the sector's immense... Read more
Published on: 2025-12-11
Source: Oil Price RSS
BP, Chevron Top US Gulf Lease Sale
'The strong bidding we saw today reflects sustained industry confidence in the long-term potential of the U.S. outer continental shelf'.... Read more
Published on: 2025-12-11
Source: Rigzone RSS
GasBuddy Flags 'Fresh Multi-Year Low' for USA Gasoline Price
'Gas prices continued to decline in most states last week', GasBuddy Head of Petroleum Analysis Patrick De Haan said.... Read more
Published on: 2025-12-11
Source: Rigzone RSS
IEA Cuts Forecast of Record Oil Glut for 1st Time Since May
The International Energy Agency trimmed estimates for a global oil supply surplus this year and next for the first time in several months.... Read more
Published on: 2025-12-11
Source: Rigzone RSS
Oil Price Did Not Shift on Fed Cut
'Fundamentals are still the primary drivers of change in commodity markets, with the price of oil not shifting based on the Fed's cut', Rystad said.... Read more
Published on: 2025-12-11
Source: Rigzone RSS

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