From Yahoo Finance: 2025-05-25 18:25:00

Trio Petroleum Corp. (NYSE:TPET) announced the termination of efforts to purchase a working interest in the field and will cease operations at its McCool Ranch project in California due to prohibitive economics, high water disposal costs, and low natural gas prices.

The decision to halt operations at McCool Ranch was made after determining that cyclic steam operations at the facility would not be sustainable in the long run. Trio Petroleum Corp. (NYSE:TPET) is reallocating resources to more prospective locations for better profitability.

California-based Trio Petroleum Corp. (NYSE:TPET) explores for oil and gas in Utah, Saskatchewan, and California. The cost of the McCool Ranch project was hindered by California’s high water disposal costs and expensive gas prices, prompting a strategic shift to focus on assets with better production and cost circumstances.

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Read more at Yahoo Finance: Trio Petroleum Halts McCool Ranch Operations