Energy In The News
RYE RIDGE RESOURCES NEWS
RYE RIDGE RESOURCES FUND II, LP
Rye Ridge Resources is excited to announce the Formation of Rye Ridge Resources Fund II, LP January of 2023. The Primary focus of Fund II is purchasing Non-op working interest and mineral interest in the Powder River Basin of WY and Haynesville Shale in LA.
Around the Web
IEA: Global gas production growth to be slightly negative in 2022
Oct. 4, 2022
Windfall Taxes Will Stifle Oil Industry Investments
- As the energy crisis triggered a cost-of-living crisis governments around the world have turned to windfall taxes on the oil industry to raise funds.
- While it might seem like a good short-term solution, the consequence of windfall taxes on the future of the oil and gas industry could be significant.
- Plenty of energy companies have been complaining about the losses and warning of falling investments, while others are suing governments.
America Has Lost Its Oil Buffer
The Strategic Petroleum Reserve is at historically low levels, when there are still many supply uncertainties
Brace for impact: The U.S. is running out of a cushion reserved for oil shocks.
The U.S. Energy Information Administration said Wednesday that the Strategic Petroleum Reserve declined by nearly 7 million barrels in the week ended Sept. 16, leaving it at roughly 427 million barrels—the lowest since 1984. For the first time since 1983, the SPR now holds less oil than commercial storage.