New Fort Worth company hoping to disrupt the process of buying/selling mineral rights

A Fort Worth company will soon launch the mineral industry’s first end-to-end transaction platform that might reshape how business gets done. Ryan Vinson, the new company’s co-founder and CEO, had the vision but not the technology a decade ago. In 2009, when not many had penetrated the marketplace, Vinson founded Energy Clearinghouse, a Denver-based company… Continue reading New Fort Worth company hoping to disrupt the process of buying/selling mineral rights

Fort Worth energy company files for voluntary Chapter 11

Fort Worth-based Approach Resources Inc. (OTC: AREX) announced Nov. 19 that it, along with all of its subsidiaries, has commenced a voluntary Chapter 11 case in the United States Bankruptcy Court for the Southern District of Texas (Houston Division) to explore strategic alternatives. Those alternative include the the restructuring of its balance sheet or the… Continue reading Fort Worth energy company files for voluntary Chapter 11

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Saudi Aramco seeks record-setting IPO with value up to $1.7T

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale, potentially becoming the most-valuable initial public offering in history. The newly released figures also revealed a valuation for the… Continue reading Saudi Aramco seeks record-setting IPO with value up to $1.7T

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Houston company announces complete line of oilfield products

Rockhopper Industrial, a new Houston-based company says it is implementing an innovative direct-to-market supply chain model to eliminate the costs traditionally associated with engineering, producing, testing, transporting, and delivering pipe, valves and fittings (PVF) and other oilfield equipment. “Traditional PVF suppliers are operating unnecessarily expensive processes to produce their parts,” said Tim Neal, CEO of… Continue reading Houston company announces complete line of oilfield products

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MineralWare founder launches new online marketplace to buy, sell, lease minerals, royalty interests

A Fort Worth-based technology firm is offering the mineral industry’s first end-to-end transaction platform. Energy Domain, a new marketplace to buy, sell or lease oil and gas minerals and royalty interests, announced its company launch on Monday. The new company is co-founded by Ryan Vinson, who also founded MineralWare. The new company is headquartered close… Continue reading MineralWare founder launches new online marketplace to buy, sell, lease minerals, royalty interests

Iran’s president: New oil field found with over 50B barrels

TEHRAN, Iran (AP) — Iran has discovered a new oil field in the country’s south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country’s proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions. The announcement by Hassan Rouhani comes as… Continue reading Iran’s president: New oil field found with over 50B barrels

Trump administration eases Obama-era rules on coal pollution

WASHINGTON (AP) — The Trump administration accelerated the pace of its environmental rollbacks for the country’s coal-fired power plants Monday, proposing to weaken two Obama-era rules aimed at cleaning up dangerous heavy metals and ash from coal plants into groundwater and waterways. The new proposals — the latest in a series of regulatory breaks granted… Continue reading Trump administration eases Obama-era rules on coal pollution

Exxon Mobil profit falls 49% as oil and gas prices decline

NEW YORK (AP) — Exxon Mobil’s profits fell dramatically in the third quarter as the company was hurt by lower prices for crude oil and natural gas. The Texas oil giant reported $3.17 billion in profits in the third quarter Friday, down 49% from the same time last year. Total revenue was $65.05 billion, down… Continue reading Exxon Mobil profit falls 49% as oil and gas prices decline

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Goff appointed chairman at Contango Oil & Gass

John C. Goff, chairman of Fort Worth-based Crescent Real Estate LLC, has been appointed non-executive chairman at Contango Oil & Gas Company (NYSE American: MCF). Goff is a current director and the company’s largest shareholder. Goff replaces Joe Romano, who will remain on the Board as a director. “We thank Joe for his years of… Continue reading Goff appointed chairman at Contango Oil & Gass