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Led by co-CEOs Will Hickey and James Walter—both under 40—Permian Resources has quickly become the largest pure-play producer in the Delaware Basin, proving that bold strategy and disciplined execution still win in a volatile market. It’s now the largest pure-play oil company in the Delaware Basin (Texas/New Mexico). 1762 in 2025.
Its role as an anchor tenant in the Bakken ensures basin-wide stability and investor confidence. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.” The opinion in Cactus Water Services v.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. London, Mexico City, and Shanghai.
Of the top ten companies listed by unique job postings last month, five companies were in the services sector, two midstream companies, one in the gasoline stations with convenience stores category, one petroleum refinery company and one oil and gas operator. million bpd in 2024, 2 percent more than the previous record set in 2023.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. London, Mexico City, and Shanghai.
bcf/d in 2024 (up from 8 bcf/d in 2023), LNG Canada’s launch could redirect volumes to global buyers , potentially easing U.S. Diversified market access: Canadian producers gain direct access to Asia-Pacific markets , reducing reliance on U.S. export pipelines. Trade flow shift: With Canadian gas exports to the U.S. averaging 8.6
Formed in 2023 and backed by Bayswater Management , Tejon Treating & Carbon Solutions is rapidly establishing itself as a cornerstone in the Permian Basin’s sour gas infrastructure landscape.
The Denver-Julesburg (DJ) Basin continues to stand out as one of the most consolidated and cost-effective oil and gas plays in the U.S. While it lacks the scale of the Permian or Eagle Ford, the DJ offers operators attractive breakeven costs, strong midstream infrastructure, and a strategic position for gas-weighted growth.
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Liquids” includes crude oil and NGLs.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. London, Mexico City, and Shanghai.
The transfer: Ensures regulatory transparency, Assigns operational responsibility for emissions control equipment, Signals strategic asset realignment in the basin. The Barnett Shale Strategy: From Dry Gas to Scaled Redevelopment Sage Natural Resources LLC : In 2023, Sage developed multi-well pads with laterals exceeding 7,000 feet.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. London, Mexico City and Shanghai. www.vitesse-vts.com
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. London, Mexico City, and Shanghai.
While overall industry activity declined from 2023 to 2024 (-15%), 2025 shows signs of a modest rebound. Using Q1 activity as a baseline, we applied a straightforward estimate by multiplying Q1 wells by 4assuming consistent pace throughout the year. Most top performers are Permian-focused , continuing to dominate U.S. shale output.
This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA over Q3 2023. We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%).
natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. Haynesville Basin: The Right Time to Ramp Up The Haynesville Basin, located in eastern Texas and northwestern Louisiana, has long been a critical natural gas-producing region. BP is doubling down on its U.S.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. London, Mexico City and Shanghai. www.vitesse-vts.com
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. London, Mexico City and Shanghai. www.vitesse-vts.com
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. London, Mexico City and Shanghai. www.vitesse-vts.com
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. London, Mexico City and Shanghai. www.vitesse-vts.com
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. London, Mexico City and Shanghai. www.vitesse-vts.com
Looking Ahead If historical patterns hold, many of the 2023 and 2024 permits may turn into drilling activity in 2025 and beyond. For operators, this is a chance to optimize planning , allocate resources efficiently, and ensure stakeholders are aligned to move projects forward.
Between 2021 and 2023, annual well counts stabilized in the 6,0008,000 range , with 2022 peaking at 8,327 wells. Resilience in Planning: The move to predictable drilling schedules improves supply chain management , enhances midstream coordination , and provides investors with greater free cash flow certainty.
This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA compared to Q4 2023. We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%).
In a strategic move aligned with shifting commodity price dynamics, SM Energy is proactively reducing its rig count in the Permian Basin through 2025. SM Energys Drilling Trends: January 2023 to May 2025 Using public drilling data for SM Energy wells in Texas, we grouped spud activity by month from January 2023 onward.
According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. In addition, 15 units were operated by third parties across the West Texas region in 2023, saving another 112,000 tons of CO 2. In fact, the No. 1 reason carbon emissions have decreased in the U.S.
Ring Energys recently announced $100 million acquisition of Lime Rock Resources IVs Central Basin Platform (CBP) assets is now moving from headline to execution and the regulatory filings confirm it. For those tracking M&A progress in the Permian Basin , these permits are critical.
Crocker, who has been ExxonMobil’s President/Global Business Solutions since 2023, joined the company in 1995 at the Fawley Refinery in the United Kingdom. He also served as CFO of Altus Midstream. The post Permian People June 2026 appeared first on Permian Basin Oil and Gas Magazine. He succeeded McKee May 1.
The change of ownership was approved and issued on June 24, 2025, under Permit #143348, marking a key regulatory milestone in the company’s operational expansion across the Permian Basin. miles west of Seagraves on TX 83 and 1.7 miles south along County Road 203.
Texas Rangers Announced a Multi-Year Agreement With Energy Transfer Texas Rangers and Energy Transfer expanded their partnership to include a multi-year deal in which Energy Transfer became the official jersey patch partner of the 2023 World Series Champion Rangers. Bcf/d, and two additional processing plants that are under construction.
This is the kind of pride one can take when surveying the fact that more of the Permians needed infrastructure and manufacturing is happening in the Basin itself. These factors, combined with an evolving political and economic landscape, position the Permian Basin for sustained growth in the years ahead. Affinity Steel keeps growing.
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