January 27, 2025 Edition
At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry. Stay tuned for weekly updates to keep you well-informed.
- President Trump’s Executive Orders to Unleash American Energy
- Summary: President Trump signed the “Unleashing American Energy” executive order on January 20, 2025, declaring a national energy emergency to accelerate U.S. fossil fuel production. The order seeks to streamline permitting, revoke specific environmental regulations, and remove the electric vehicle mandate. These measures aim to boost energy independence, economic growth, and domestic energy security.
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- Will Trump’s executive order revive the Keystone XL pipeline?
- Summary: President Trump’s recent executive order reverses the cancellation of the Keystone XL pipeline permit, opening the door for its potential revival. However, the pipeline’s developer, South Bow Corp., has stated that it has no plans to restart the multibillion-dollar project. With permits expired and sections of the pipeline dismantled, any attempt to move forward would require starting the process from scratch.
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- U.S. oil and gas rig count hits lowest since 2021
- Summary: U.S. energy firms reduced the number of oil and gas rigs by four to 576, marking the third consecutive week of declines, with the rig count at its lowest since December 2021. Oil rigs fell by six to 472, while gas rigs rose by one. Despite ongoing declines in rig activity, U.S. crude output is projected to increase in 2025, and a rise in natural gas prices is expected to boost drilling activity.
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- Geothermal energy recognized as key resource in new U.S. order
- Summary: President Trump issued an executive order declaring an energy emergency and designating geothermal energy as a key domestic resource. This move aims to promote reliable, climate-friendly electricity by using technologies similar to oil and gas. The administration hopes this will encourage bipartisan support and boost geothermal energy growth.
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- Trump urges OPEC to lower oil prices amid Russia tensions
- Summary: Oil prices dropped following Donald Trump’s call for OPEC to lower prices in an effort to reduce Russia’s oil revenues and accelerate the end of the war in Ukraine. Despite Trump’s threats of sanctions, OPEC has not reacted yet, continuing its plans to increase output in April. Analysts have differing views on the impact of sanctions on Russian oil production, with some expecting a limited effect due to high freight rates and discounted Russian oil.
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- Diversified energy to acquire Maverick Natural Resources for $1.3 billion
- Summary: Diversified Energy has agreed to acquire Maverick Natural Resources for approximately $1.3 billion, including debt, marking its largest acquisition to date. This deal will enhance Diversified’s presence in the Permian Basin, a leading U.S. oil-producing region, by adding Maverick’s operations in Texas and Oklahoma. The combined company is expected to produce substantial amounts of oil equivalent daily, with Diversified’s CEO, Rusty Hutson Jr., continuing to lead the merged entity.
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The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
