Matador Resources closed its acquisition of EnCap-backed Paloma Permian on October 1, 2026, for $1.255 billion in cash, subject to customary post-closing adjustments. The deal, announced in July at a headline consideration of $1.275 billion, is already beating the company’s own underwriting on the producing wells, while adding a large block of high-quality undeveloped inventory […]
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South Korea’s planned U.S. investment package includes a framework for eight large nuclear reactors, with Commerce Secretary Howard Lutnick naming Ohio, Tennessee, South Carolina, and Kentucky as expected host states. The September 30, 2026 White House announcement is real, but it is a commercial framework tied to last year’s tariff deal—not a zero-cost gift fully […]
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President Donald Trump is set to unveil a major South Korean investment package that includes roughly $54 billion directed at Alaska’s long-planned liquefied natural gas (LNG) project, according to White House officials and multiple reports. The announcement, expected in the Oval Office, is the first major tranche from South Korea’s broader $200 billion in U.S. […]
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The deal, exchanged on September 26, 2026, at the Second Azerbaijan International Investment Forum in the presence of President Ilham Aliyev, makes ExxonMobil the operator and still needs parliamentary ratification. It is the first time a U.S. supermajor has taken operatorship of an onshore unconventional program in Azerbaijan. The country has spent three decades built […]
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Charlie Garcia stops by the Energy News Beat Channel, and he is a RockStar! Welcome back to Energy News Beat Podcast. Today we’re diving deep into a perfect storm that’s reshaping global markets, and most people have no idea it’s coming. We’re talking about the diesel crisis that’s quietly becoming the inflationary tax on everything—from […]
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Energy News Beat — President Donald Trump and President Xi Jinping meet in Washington on Thursday, September 24. The agenda is broader than energy. For the U.S. LNG industry, the meeting is still one of the most important political events of the year. China is the world’s largest LNG importer. The United States is the […]
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The MOU is not a final development contract. Continental and PDVSA said they intend to convert it into a long-term Contrato de Participación Productiva (CPP) in the coming weeks. Once that agreement is signed, Continental would operate the block with a 100% working interest. The announcement was made in Houston during the G20 energy ministers […]
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American oil executives have spent months warning that a prolonged disruption of the Strait of Hormuz would eventually produce a fuel crisis rather than a simple crude shortage. They now say that moment has arrived. Commercial inventories of gasoline, diesel, and jet fuel have been drawn down for more than six months. Strategic crude reserves […]
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Chevron Chairman and CEO Mike Wirth delivered a blunt message in Austin on Friday: the shock absorbers that kept oil from exploding earlier in the Iran war are finished. Strategic stockpile releases and the U.S. decision to loosen rules on sanctioned crude sitting in floating storage have been “played out.” From here, he said, it […]
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Energy News Beat analysis — September 4, 2026 Treasury Secretary Scott Bessent told Steve Bannon’s War Room that once the Iran conflict is behind the market, crude can fall to $50 or even $40 because the world will be “very much oversupplied.” He tied that drop directly to bond yields, arguing the oil–rates correlation is […]
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