article thumbnail

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

Oil & Gas 360º

The top posted job titles for May included maintenance technicians (118), retail cashiers (77), and sales associates (70). million bpd through the end of the year, and dip slightly below that amount in 2026, said EIA analysts. Due to market conditions and fluctuations in oil prices, U.S. oil production is forecasted to average 13.4

Gas 130
article thumbnail

Mach Natural Resources Expands into Permian and San Juan with $1.3B in Transformative Acquisitions

Oil Gas Leads

Ward , CEO of Mach: “These acquisitions are transformative… we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet.” in Transformative Acquisitions appeared first on Oil Gas Leads.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Vaquero Midstream Expands Delaware Basin Footprint with New Pipeline Loop and Cryogenic Plant

Oil Gas Leads

Service providers targeting upstream and midstream players in this area should align outreach efforts with Vaqueros ramp-up timeline into 2026. Business Development Takeaway Operators in Reeves, Loving, Winkler, and Ward Counties now have an expanded option for gathering and processing with downstream flexibility and reliable power access.

article thumbnail

US Rig Count Steady at 592, Oil Up 1, Gas Down 1 – Baker Hughes

Oil Gas Leads

bcfd in 2026. Natural Gas Outlook: The EIA forecasts a 73% increase in gas prices in 2025 , which could incentivize more drilling after a 14% price drop in 2024. gas production is projected to rise from 103.2 bcfd in 2024 to 105.2 bcfd in 2025 and 107.5

Gas 52
article thumbnail

MADE IN AMERICA: U.S.-Built Offshore Wind Substation and Support Vessels Start to Set Sail for Federal Waters

The Energy Law

The terms of Ørsted and Eversource’s charter should also allow Charybdis to support construction of Dominion’s Coastal Virginia Offshore Wind (“CVOW”) project, in state waters off the coast of Virginia Beach, which is projected to be completed in 2026. Next, the first U.S.-flagged To date, the U.S.

article thumbnail

Devon Energy Q1 2025 Drilling Review: Rig Count, Efficiency, and Regional Shifts

Oil Gas Leads

per Boe Capital efficiency $100 million cut to 2025 full-year capital guidance Business optimization $1 billion in targeted annual pre-tax free cash flow gains by 2026 We are cutting 2025 full year capital by $100 million while maintaining our productive capacity our team has already secured the majority of our 2025 year-end target, added Gaspar.

article thumbnail

Taking Carbon Captive

Permian Basin Oil and Gas Magazine

This lets Oil States technicians connect a new upper casing or wellhead to a stump of cut-out casing below the surface, to make a seal equivalent to the original premium casing connections in axial load and pressure sealing ratings. This means we are working with old well architecture and infrastructure that is at the end of its design life.