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US House Energy and Commerce Committee leaders asked the Government Accountability Office to investigate whether the US Strategic Petroleum Reserve is being managed effectively and if the US should continue its participation in the International Energy Agency.

Gulfport Energy Corp., Oklahoma City, has agreed to acquire 46,400 net surface acres in the core of the South Central Oklahoma Oil Province (SCOOP) from Vitruvian II Woodford LLC, a portfolio company of Houston private equity firm Quantum Energy Partners, for $1.85 billion.

Diamondback Energy Inc., Midland, Tex., has agreed to acquire Austin-based Brigham Resources Operating LLC and Brigham Resources Midstream LLC for $2.43 billion. It's Diamondback's second deal for southern Delaware basin acreage since it entered the area earlier this year.

Total SA has agreed to buy 23% of Tellurian Investments Inc. at $5.85/share for $207 million.

To the surprise of many outsiders, Iranian oil production has roared back since the easing of international sanctions in January.


RT @exxonmobil: Today we announced our plans to join the Oil and Gas Climate Initiative, a voluntary initiative representing 13 of the worl…

Attention college students and faculty! Exhibit your projects and research while networking with leaders on shale d… https://t.co/n9YBw4p7Bs

RT @CEAorg: Our latest report outlines how #naturalgas helped grow jobs for West Virginians and save them more than $4 billion over the las…