Oil Exploration & Production News

The move comes amid a higher tax rate that the tribes are attempting to charge oil companies that drill on the reservation, which accounts for about 20 percent of the state's 1 million barrel-per-day oil production.

Rules halt booze deliveries on North Dakota reservation

Nov 20, 2017

The move comes amid a higher tax rate that the tribes are attempting to charge oil companies ...

The transition away from EOR operations will allow the company to focus our capital and operational activity almost exclusively on accelerating the development of our more than 3,500 STACK drilling locations across our 110,000 net acre position.

Chaparral Energy closes EOR asset Sale for $170M, transitions to pure-play STACK operator

Nov 20, 2017

The transition away from EOR operations will allow the company to focus our capital and opera...

Frustrated tribal leaders won a temporary victory early Friday at a marathon meeting on a much-disputed energy development proposal for a large swath of land bordering New Mexico's largest metropolitan area and numerous Native American communities.

Drilling rules still up for debate in New Mexico county

Nov 17, 2017

Frustrated tribal leaders won a temporary victory early Friday at a marathon meeting on a muc...

The Venezuelan government and its state-owned oil company PDVSA have officially defaulted on billions of dollars' worth of bonds, the latest chapter of the country's deep financial collapse.

Venezuela, state oil firm default on billions worth of bonds

Nov 17, 2017

The Venezuelan government and its state-owned oil company PDVSA have officially defaulted on ...

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