Latest Oil And Gas Production News

Metgasco Ltd has successfully raised approximately $750,000 through a partially underwritten entitlement offer to fund a production uplift program targeting its Odin and Vali gas fields in the Cooper Eromanga Basin.

AXP Energy has launched its first gas-to-power bitcoin mining operation at its Pathfinder field in Colorado, producing hydrocarbons from a new formation and planning rapid US expansion.

Brookside Energy has successfully established first oil and gas sales from its Bruins Well in Oklahoma’s Anadarko Basin, marking a swift and on-budget achievement that strengthens its production base and cash flow.

Bass Oil Limited reported steady April production and a strategic acquisition of the Vanessa gas field, positioning itself for future gas market entry.

Empire Energy Group has launched a $28 million equity raise to fund critical development activities at its Beetaloo Basin shale gas project, aiming for first gas sales in 2025. The capital will support fracture stimulation, flow testing, and installation of the Carpentaria Gas Plant.

Metgasco Ltd has announced a non-renounceable entitlement offer to raise approximately $0.75 million at a discounted price of 0.2 cents per share, aiming to fund production uplift programs and working capital. The offer is partially underwritten and includes a Top-Up Facility for eligible shareholders.

Bass Limited’s May 2025 AGM update highlights a strategic acquisition and capital raising to accelerate its emergence as a key Australian gas producer, focusing on Cooper Basin and Indonesian assets.

Blue Star Helium reports robust natural flow rates from its Jackson 2 well at the Galactica project, with helium concentrations nearing 78%, signaling strong reservoir potential in Colorado.

Bass Oil Limited has acquired the Vanessa gas field from Beach Energy, marking its entry into gas production in Australia’s Cooper Basin. The company is raising $3.1 million to fund this acquisition alongside other growth initiatives.

Metgasco Ltd has announced a partially underwritten entitlement offer to raise up to $750,000, aiming to fund a production uplift program at its Odin and Vali gas fields. The capital raise targets near-term gas flow improvements and enhanced cash generation.

Karoon Energy has finalized the acquisition of the Baúna FPSO vessel, marking a pivotal shift from exploration to operational control that promises enhanced efficiency and potential asset longevity.

Australian Oil Company Limited has completed a key pipeline acquisition in California’s Sacramento Basin, significantly boosting gas production from its Rio Vista wells and setting ambitious quarterly flow targets.