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.
- Magnolia eyes $4 billion WildFire acquisition to expand Eagle Ford position
- Summary: Magnolia Oil & Gas Corp. has emerged as the front-runner to acquire closely held WildFire Energy for more than $4 billion to boost its presence in the Eagle Ford shale basin. Following this development, Magnolia shares fell 1.5% to $26.78 in New York trading Friday, giving the company an overall market value of around $5.1 billion. WildFire operates more than 2,000 wells with an equivalent output of over 50,000 net barrels of oil per day, and its management sold a previous firm for $1.9 billion.
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- Hormuz oil exodus sets stage for chaotic rebalancing act: Bousso
- Summary: Brent crude fell to around $73 a barrel after a conflict of over 100 days, while Gulf shut-in production declined to 9.6 million bpd by mid-June from 11.7 million bpd. Iran’s output could reach 3.3 million bpd by year-end, and oil flows briefly exceeded 20 million bpd despite incoming traffic showing only one tanker entering for every four that left. Additionally, global supply is forecast to fall by 3.9 million bpd in 2026 before rebounding by about 8 million bpd to 110.3 million bpd in 2027.
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- U.S. pipeline giant eyes $5.5 billion deal to expand LNG reach
- Summary: Natural gas giant Williams is in late-stage talks to acquire pipeline operator Momentum Midstream from EnCap Flatrock Midstream for an estimated $5.5 billion. Momentum Midstream operates about 4,000 miles of pipelines with 6 Bcf/d of system capacity, which includes the 250-mile NG3 pipeline that has a total capacity of 2.3 Bcf/d. The acquisition would expand Williams’ reach, which currently handles about one-third of U.S. natural gas and achieved a 25% year-over-year net income increase.
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- U.S. natural gas drops on cooler outlooks as July contract expires
- Summary: U.S. natural gas futures for July delivery settled 11.2 cents, or 3.3% lower, at $3.231/mmbtu on Nymex as the contract expired amid cooler weather forecasts. The more-actively-traded August delivery contract also ended lower, settling 1.6 cents, or 0.5% down, at $3.279/mmbtu at the Henry Hub. Daily BNEF data showed Lower-48 dry gas production on Friday at 112.6 bcf/day, an increase of 4.9% year-over-year, while total gas demand dropped 6.9% year-over-year to approximately 71.3 bcf/day.
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U.S. energy firms add most rigs in a week since June 2022, Baker Hughes says - Summary: The total U.S. oil and gas rig count rose by 10 to 573 in the week to June 26, up 26 rigs or 5% above last year’s level. Baker Hughes reported that oil rigs climbed by seven to 440, gas rigs increased by three to 125, and miscellaneous rigs held at eight. After past rig count declines of 20% in 2023, 5% in 2024, and 7% in 2025, the U.S. Energy Information Administration projected that the total domestic crude output will expand to 13.7 million bpd while gas production jumps to 111.0 bcfd in 2026.
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ExxonMobil announces planned effective date for move to Texas - Summary: ExxonMobil announced that its planned move from New Jersey to Texas is expected to take effect on July 1, 2026. The company’s new publicly traded parent entity, ExxonMobil Holdings Corporation, will be incorporated in Texas, marking another major corporate relocation tied to the state’s growing role as a headquarters hub for the energy sector.
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Oil prices climb as U.S.-Iran flare-up shakes market complacency - Summary: Oil prices moved higher early Monday as renewed geopolitical uncertainty brought global supply risks back into focus, with Brent and WTI both posting gains. The shift reflected concern that disruptions to shipping routes, infrastructure, or export flows could tighten an already sensitive market. Analysts noted that low inventories and limited spare capacity may leave crude prices exposed to volatility as markets assess whether recent tensions will affect broader supply and demand expectations.
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