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NextEra Looks at Permian to Double its $20 Billion Texas Investment

OilPrice

Renewable energy developer, NextEra Energy (NYSE:NEE) is considering doubling its $20B investment in Texas, with the renewable energy company currently exploring land in the Permian Basin for development, Michele Wheeler, VP of regulatory and political affairs, revealed at the CERAWeek energy conference in Houston.

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ExxonMobil Hits 1,000 Wells in the Delaware Basin

Oil Gas Leads

ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin just seven years after the first spud in 2017. Cube Development : Simultaneous multi-zone drilling across Bone Spring and Wolfcamp intervals, optimizing recovery.

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Waha prices expected to go negative (again)

Enverus

Natural gas producers in the Permian Basin should once again brace for lower prices at Waha as production looks to outpace the pipeline capacity needed to transport gas to both domestic and international markets, including liquefied natural gas shipments, said Jason Feit, lead author of a new report from EIR.

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ExxonMobil’s Permian Basin Strategy: How Technology is Driving Efficiency and Growth

Oil Gas Leads

CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. million barrels per day (bpd) accounting for over 16% of the basins total production. energy production, contributing 6.26.3

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Petronas, MOL Form CO2 Transport JV

Rigzone

“The partners will evaluate several CO2 storage sites in the Malay Basin, including both saline aquifers and depleted offshore fields”, France’s TotalEnergies said in a press release then. In 2024 Petronas signed an agreement with Abu Dhabi National Oil Co. Petronas is part of the NETR Committee.

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What Comes After the Permian for IOCs? A Basin of Enormous Value

Rextag

A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. Although the pace of growth is clearly slowing, the basin still offers significant upside potential.

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The Canadian oil sands’ low-breakeven resource advantage

Enverus

Key takeaways from the report: Canada is anticipated to grow oil production by ~600 Mbbl/d by 2030 with oil sands expansion projects making up two-third of this volume. Play Fundamentals is an EIR research series that dives into a key geographical basin or technology.

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