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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

StanChart Says Record SPR Withdrawals Are Tightening U.S. Oil Buffers
Back in March, the 32 member countries of the International Energy Agency (IEA) unanimously pledged a record-breaking release of 400 million barrels of crude oil from their Strategic Petroleum Reserves (SPR) shortly after Iran’s blockade of the Strait of Hormuz triggered oil price spikes, more than double the 182.7 million... Read more
Published on: 2026-05-20
Source: Oil Price RSS
Energy Crisis Is Changing Demand Patterns—For Now
Roughly one-fifth of global LNG flows has been impacted by the Hormuz crisis. The cumulative losses in crude oil supply have topped 1 billion barrels since the start of March. Governments are rationing fuel and advising conservation. Some are already predicting a complete transformation of global energy consumption patterns. But... Read more
Published on: 2026-05-20
Source: Oil Price RSS
Americans Rethink Driving as Fuel Costs Keep Climbing
Americans are commuting on the bus and train more and even turning toy cars into two-gallon cars to use for supermarket runs as the highest gasoline prices in four years are changing consumer behavior. With prices soaring to $95 to fill the tank of a Toyota Highlander, drivers are improvising... Read more
Published on: 2026-05-20
Source: Oil Price RSS
Appalachian Region Could Hold Key to U.S. Battery Supply Chain Independence
The United States Geological Survey has made a potentially game-changing discovery in the Appalachian region. New research suggests that the ancient mountain range may be home to over 300 years' worth of lithium resources, presenting a potentially critical opportunity for the United States to wean itself off of international lithium... Read more
Published on: 2026-05-20
Source: Oil Price RSS
The Global Energy Crisis Is Driving Countries Back To Coal
Five years ago, over 40 countries pledged to scale back and phase down unabated coal power at the COP26 UN Climate Summit by 2030-2040, with hundreds of institutions promising to end international coal financing. Three years later, the Group of Seven (G7) nations, namely the United States, UK, Canada, France,... Read more
Published on: 2026-05-20
Source: Oil Price RSS
A New Central Asian Trade Corridor Faces Old Security Risks
A top Uzbek government official has revealed that Afghanistan, Pakistan and Uzbekistan are in “conceptual agreement” on creating a transit corridor to connect the Central Asian nation to ports on the Arabian Sea. The semi-official Gazeta.uz news outlet cites Deputy Minister of Transport Jasurbek Choriev as saying a feasibility study... Read more
Published on: 2026-05-20
Source: Oil Price RSS
EBW Warned of Faltering Gas Demand Heading into Holiday Weekend
EBW Energy Analyst Eli Rubin warned of 'faltering demand' heading into the President's Day holiday weekend.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Gasoline-Starved California Turning to Fuel From Bahamas
U.S. supplies of gasoline are being shipped out of the country to travel thousands of miles via the Bahamas before finally ending up in California.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
North America Drops 6 Rigs Week on Week
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Aramco Commits to 1 MMtpa for 20 Years from Commonwealth LNG
Aramco Trading signed a 20-year agreement to buy one million metric tons per annum of liquefied natural gas from the under-development Commonwealth LNG in Louisiana.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Enbridge Q4 Profit Up YoY
Enbridge cited 'favorable gas transmission contracting' compared to the fourth quarter of 2024.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Analyst Highlights Focus of IEW Event
IEW, which was hosted by the Energy Institute, took place from February 10-12 at the QEII Center in London.... Read more
Published on: 2026-02-16
Source: Rigzone RSS

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