January 5, 2026 archive

Trump Ties Venezuela Oil Compensation to U.S. Investment

(Evana, an oil tanker, is docked at El Palito port in Puerto Cabello, Venezuela, Dec. 21, 2025. | Matias Delacroix/AP) Trump Ties Venezuela Compensation to U.S. Oil Investment Administration Sets Conditions for Recovering Seized Assets The Trump administration has made its position clear to U.S. oil and gas companies seeking compensation for assets seized by …

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Oil and gas rig counts constant in Oklahoma plays

  Cana Woodford leads all Oklahoma plays for drilling activity. The Cana Woodford remained Oklahoma’s most active play, accounting for 17 rigs, the highest total among the state’s producing regions. Other Oklahoma plays also showed no week-to-week changes: Granite Wash: 15 rigs Mississippian: 1 rig Ardmore Woodford: 4 rigs Arkoma Woodford: 2 rigs The consistency …

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