Enverus

JUNE 10, 2025

This landmark deal not only reshapes EOG’s portfolio but also sends ripples through the broader energy M&A landscape, signaling a shift in where, and how, operators are seeking growth. million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. Key takeaways: EOG re-enters M&A  with a $5.6B

IT

Oil & Gas 360º

JULY 23, 2025

oil and gas producers, ConocoPhillips, is in an advanced stage of discussions to sell assets in Oklahoma to privately-held Stone Ridge Energy in a deal that could be worth about $1.3 The deal expanded ConocoPhillips’ presence in the Permian, Eagle Ford, Anadarko, and Bakken shale basins. (Oil Price) – One of the top U.S

Natural Gas

Rigzone

JULY 25, 2025

Image by Fahroni via iStock Italy’s Eni SpA and Algeria’s Sonatrach SpA have signed a memorandum of understanding (MoU) to strengthen collaboration in hydrocarbons and renewable energy. We’d love to hear from you, join the conversation on the Rigzone Energy Network. The license, covering 4,200 square kilometers (1,621.63

Energy

Oil & Gas 360º

JUNE 10, 2025

(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.

Disposal Well

Valor

JULY 28, 2025

The rule is intended to improve operational efficiency, reduce surface disturbance, and support increased domestic energy production. However, the agency still expects prices to decrease to about $58 per barrel in 2026 as global supply growth outpaces demand. Consequently, EIA projects U.S. crude production will dip from a high of 13.5

Royalty

Oil & Gas 360º

JULY 18, 2025

energy sector. Stabroek is a highly attractive asset, with 11 billion barrels of oil reserves and production costs of only around $20 a barrel, among the lowest in the world, according to consultancy Rystad Energy. billion barrels, according to LSEG data. million bpd by the end of 2027.

Oil

Oil Gas Leads

JUNE 12, 2025

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.

Basin

Rigzone

JULY 15, 2025

Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Mach Natural to Acquire Assets in Permian, San Juan Basins by Rocky Teodoro | Rigzone Staff | Tuesday, July 15, 2025 | 8:00 AM EST The transactions are expected to close during the third quarter, each with an effective date of April 1, 2025.

Basin

Permian Basin Oil and Gas Magazine

JULY 11, 2025

Energy Information Administration reduced its forecast for crude oil production this year. In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. million barrels per day in the second quarter of 2025 to less than 13.3 This week U.S. As a result, we forecast U.S.

Crude Oil

Oil & Gas 360º

JULY 2, 2025

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million bpd.

Exploration and Production

Valor

JUNE 9, 2025

per barrel. The EIA forecasts Brent crude will average $74 per barrel in 2025, down from $80 in 2024, with average gas prices expected to fall to $3.20 The total count is down 35 rigs, or 6%, from the same time last year, with the Permian Basin, Eagle Ford, and Texas all hitting their lowest levels since November 2021.

Energy

Rextag

JUNE 10, 2025

The sellers are Canada Pension Plan Investment Board (CPP Investments) and Encino Energy. million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. CPP’s head of sustainable energies, Bill Rogers, noted the success of the investment and the strong returns it generated.

Condensate

Permian Basin Oil and Gas Magazine

AUGUST 1, 2025

In the second half of 2025, West Texas Intermediate (WTI) is expected to average around $66 per barrel, reflecting elevated geopolitical risk premiums—particularly due to tensions in the Middle East—while tempered by ample global supply growth. Screenshot Jesse Mullins, Editor Jesse Mullins is editor of Permian Basin Oil and Gas Magazine.

Gas

Rigzone

JULY 18, 2025

million stock tank barrels. “Drilling of ‘Ain Dar began in 1948, with production starting in 1951 at an extraordinary rate of 15,600 barrels per day (bpd) of ‘dry oil’- which contains only a small amount of basic sediments,” the story noted. billion barrels of oil. billion barrels of oil.

Oil

Rigzone

JULY 8, 2025

Image by Yarphoto via iStock The world’s biggest oil product market is hungry for barrels as traders grapple with a summer supply squeeze. of global output of oil products, well below the seasonal average, according to figures from Energy Aspects Ltd. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!

Barrel

Valor

JUNE 23, 2025

While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers. holds a key weapon in its massive shale energy output. barrels per capita today, making the nation the world’s largest seller of LNG.

Energy

Rextag

JULY 21, 2025

has finalized its acquisition of Montney Basin oil and gas assets from Strathcona Resources Ltd. million. With the sale complete, Strathcona has repositioned itself as a pure-play heavy oil company, producing approximately 120,000 barrels of oil per day (100% oil). million shares) and MEG Energy Corp. ARC Resources Ltd.

Energy

Permian Basin Oil and Gas Magazine

JUNE 27, 2025

Doug Burgum, interior secretary, said June 18, “American energy dominance is more important than ever, and this report underscores the critical role science plays in informing our energy future.” The report shows federal lands in Permian Basin with 8.936 billion barrels of oil and 58,468.4 billion barrels of oil and 391.6

Oil

Oil Gas Leads

JULY 26, 2025

It’s no longer about chasing barrels at any cost. Devon Energy improved completions efficiency by 12%. Coterra Energy acquired 49,000 acres in a top-tier zone of the Delaware Basin. Diamondback Energy is leaning into first- and second-quartile wells for maximum capital efficiency.

Gas

Permian Basin Oil and Gas Magazine

JUNE 24, 2025

Houston-based EON Resources, independent upstream energy company with properties in Permian Basin, said last week that subsidiary EON Energy agreed with WPP NM and Northwest Central to acquire all their interests in South Justis field in Lea County, N.M. EON is acquiring 5,360 leasehold acres with a total of 208 wells.

Field

Rigzone

JUNE 20, 2025

The Ahara license, awarded under the North African country’s 2024 bidding round, sits at the “intersection of the prolific Berkine and Illizi Basins”, TotalEnergies said in a press release. percent) and the Ourhoud and El Merk oil fields in the Berkine basin located in Blocks 404a and 208 (12.25 TotalEnergies owns 26.4

Exploration and Appraisal

Valor

JUNE 16, 2025

Oil prices fall more than $1 barrel on reports Iran seeks truce with Israel Summary : Oil prices fell 1.3% The attack marks Israel’s first strike on Iran’s energy sector, escalating tensions that pushed oil prices up 9% Friday. The mixed results highlight shifting energy sector priorities amid changing market conditions.

Energy

Permian Basin Oil and Gas Magazine

JULY 4, 2025

In what was described as “a significant decision for Texas property and energy law,” Texas Supreme Court affirmed a lower court ruling that produced water belongs to the mineral estate unless expressly conveyed to the surface estate owner. The opinion in Cactus Water Services v.

Upstream

Oil & Gas 360º

JULY 21, 2025

The offshore oilfield holds more than 11 billion barrels of oil and is one of the fastest-growing oil production regions in the world. For Chevron, this favorable ruling helps the major avoid other time-consuming (and likely costly) approaches for inorganic growth,” said Atul Raina, vice president at Rystad Energy.

Casing

Valor

JUNE 30, 2025

Read more California regulator recommends pausing oil profit penalty plan Summary : A top California energy regulator has recommended pausing Gov. In the Permian Basin, the rig count dropped by one to 270, well below the 305 active rigs a year ago, as oil prices experienced a steep decline for the week. per gallon versus the $3.20

Energy

Rigzone

AUGUST 1, 2025

The combined entity, NEO NEXT Energy Ltd., is 55 percent owned by European energy investor HitecVision and 45 percent by Repsol E&P Group. Repsol E&P is 75 percent owned by Spanish integrated energy company Repsol SA and 25 percent owned by the United States’ EIG Global Energy Partners.

Completion

RBN Energy

JULY 30, 2025

Crude oil producers in the prolific Permian Basin have plenty of options to move their barrels, especially since pipeline capacity currently exceeds production, but not every route out of the basin is equal.

Crude Oil

Permian Basin Oil and Gas Magazine

JULY 1, 2025

million barrels per day in April, according to Monday’s Petroleum Supply Monthly from U.S. Energy Information Administration. million b/d appeared first on Permian Basin Oil and Gas Magazine. crude oil production reached a record of 13.47 That topped the record of 13.45 million b/d from March. percent to 5.77 The post U.S.

Oil

Rextag

JUNE 20, 2025

The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. NuVista Energy Ltd. billion barrels of NGLs, and 1.13 billion barrels of oil, making it Canada’s top unconventional resource.

Gas

Oil Gas Leads

JUNE 11, 2025

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. CapEx = capital expenditures.

Operator

Oil & Gas 360º

JUNE 23, 2025

In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office. Energy Information Administration (EIA) showing domestic crude oil production reached an all-time high of 13.5 million barrels per day in the second quarter of 2025. oil production is forecasted to average 13.4

Gas

Rigzone

JUNE 9, 2025

A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Eagle Ford and Permian basins each dropped three rigs, the Granite Wash basin dropped one rig, and the Cana Woodford and Haynesville basins each added two rigs. In the research note, the J.P.

Basin

Oil Gas Leads

JULY 25, 2025

The Dallas-based independent energy company delivered exceptional performance across both its upstream and midstream segments, reaffirming its position as a leading player in the Delaware Basin. These volumes exceeded prior guidance, driven by outperformance from both new wells and base production.

Midstream

Rigzone

JUNE 16, 2025

Image by Philipp Pelka via iStock DNO ASA said it has completed its acquisition of Sval Energi Group AS from HitecVision for cash consideration of $450 million based on an enterprise value of $1.6 Sval Energi CEO Halvor Engebretsen will lead the enlarged North Sea business as the managing director for DNO Norge AS, according to the release.

Energy

Oil Gas Leads

JULY 26, 2025

But her story isn’t just about breaking barriers—it’s about reshaping an industry at a time of global uncertainty, technological transformation, and mounting energy demand. Today, Occidental’s transformation is undeniable: Domestic oil production grew from 650,000 barrels per day (bpd) in 2015 to over 1.4 oil and gas company.

Energy

Rigzone

JULY 30, 2025

through its local Norwegian entity, Inpex Idemitsu Norge AS (IIN), has entered into an agreement with Pandion Energy AS to acquire 10 percent participating interest in each of the Valhall and Hod oil and gas fields and 20 percent participating interest in each of the Mistral and Slagugle oil and gas discoveries.

Exploration and Appraisal

Rigzone

JULY 4, 2025

In June 2025, Keddington produced a total of 992 barrels of oil over 23 days, with an average of 10.4 hours of pumping per day and a gross flow rate of 43 barrels daily, the company said. We’d love to hear from you, join the conversation on the Rigzone Energy Network. There’s a reason 700K+ energy professionals have subscribed.

Exploration and Production