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Horizon Energy Digest
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Macquarie Reveals Latest Oil Price Forecasts
Macquarie sees the Brent price averaging $67.95 per barrel this year and $60.75 per barrel next year. Macquarie projected in the report that the West Texas Intermediate (WTI) oil price will average $64.13 per barrel in 2025 and $56.63 per barrel in 2026.
West Texas Resources, Inc. Outlines Reactivation Plan for 59 Wells Following Successful Well Test
West Texas Resources, Inc. provided details on its broader reactivation strategy for 59 legacy oil and gas wells across Texas. This follows the successful compliance test and restart readiness of one of its natural gas-condensate wells, announced September 30. WTXR recently acquired Texas Coastal Energy Corp.
Curious Minds Corner
When was the first blowout preventer (BOP) invented?
In 1924.