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Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

Oil & Gas 360º

With this step, we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet. The return of a public Company to the basin underscores the deep value and long-term potential of the asset.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026. The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026. The company also strives to unlock the potential of the Orange Basin.

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Chevron to cut nearly 800 jobs in Texas Permian basin

Oil & Gas 360º

plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. Chevron is undergoing one of the biggest restructurings in its modern history and announced plans to reduce its global workforce by as much as 20%, or 9,000 people, by the end of 2026. (World Oil) –Chevron Corp.

Basin 130
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Talos Energy announces enhanced corporate strategy

Oil & Gas 360º

We anticipate a shift in the global exploration and production market, with offshore basins expected to play an increasing role in global oil production. Talos will invest in high-margin organic projects, complemented by disciplined, accretive bolt-on acquisitions in deepwater basins, which will enhance production and profitability.

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Permian Basin growth fuels ExxonMobil’s quarterly success

Oil & Gas 360º

billion of share repurchases, consistent with its annual $20 billion share-repurchase program through 2026. Exxons shareholder distributions came in at $9.1 billion in the first quarter, including $4.3 billion of dividends and $4.8

Basin 130
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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

Almost all of the production growth has come from the Permian Basin region. million bpd through the end of the year, and dip slightly below that amount in 2026, said EIA analysts. Oil production has jumped this year after hitting a record 13.2 million bpd in 2024, 2 percent more than the previous record set in 2023.

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Upstream M&A sails to $17 billion in 1Q25

Enverus

Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target.

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