A Texas oil firm is fighting an uphill battle with the state of California to restart crude oil production and sales from three platforms in federal waters offshore Santa Barbara.
Swiss commodity trading major Gunvor is considering asset purchases in the U.S. oil and gas space, Reuters has reported, citing unnamed sources, in a bid to build a better relationship with the Trump administration.
Curious Minds Corner
What is a “stripper well”?
A low‑output oil/gas well; in U.S., an oil well producing ≤15 barrels/day over 12 months.