SAN FRANCISCO, June 18 (Reuters) - XTO Energy Inc (XTO.N), one of the top four independent U.S. oil and gas producers, expects the number of its rigs working to rise later this year as natural gas prices start to recover from current lows.

Chief Financial Officer Louis Baldwin said on Thursday that XTO's rig count was now below 60, down from a peak above 100, and he expected that to bounce back above 70 next year.

Baldwin also said XTO's natural gas production could double over the next five years as its prospects in the U.S. shale regions move into full production. (Reporting by Braden Reddall; Editing Bernard Orr)

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

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Posted by Char on May 29, 2025 at 14:42

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