Remove Barrel Remove Royalty Remove Upstream
article thumbnail

Industry Bodies Look at Texas Upstream Employment in May

Rigzone

Image by Moussa81 via iStock New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025. percent increase and an average growth of 875 jobs per month. It was founded in 1919.

article thumbnail

USA Upstream M&A Decelerates in Q2

Rigzone

upstream M&A decelerated in the second quarter of 2025, Enverus Intelligence Research outlined in a statement sent to Rigzone recently. upstream deals of the second quarter, which was included in EIR’s statement, showed the EOG - Encino deal at the top with a deal value of $5.6 Image by Stefan Rotter via iStock U.S.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Oil & Gas 360º

Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. million barrels per day in the second quarter of 2025. Additionally, TIPRO points to recent data from the U.S.

Gas
article thumbnail

US DOI Proposes Easing Regulations on Onshore Commingled Production

Rigzone

Commingling is currently restricted to license areas that have “identical mineral ownership, royalty rates and revenue distribution”, the DOI said. “These requirements create unnecessary barriers in many areas of the West where mineral ownership is complex and varied.

article thumbnail

Energy Transition Meets Emerging Tech on August 20th at EnerCom’s 30th Anniversary Energy Investment Conference

Oil & Gas 360º

At under $2 for each additional barrel of oil recovered, ESal’s, RightWater offers one of the most cost-effective and environmentally responsible recovery methods available today. Guaranteed.

article thumbnail

Gran Tierra to Sell UKCS Asset to NEO Energy for $7.5MM

Rigzone

said its subsidiary has signed an agreement to sell its wholly owned subsidiary Gran Tierra North Sea Limited (GTNSL) to private upstream company NEO Energy for $7.5 The combined wells have an average oil production rate over 30 days of around 1,684 barrels of oil per day from the U-Sand formation.

article thumbnail

Dealmaking in US upstream oil and gas tumbles as volatility rattles investors

Oil & Gas 360º

upstream oil and gas sector, analytics firm Enverus said on Wednesday. a barrel on May 5, before swinging to a high of $75.14 Viper Energy (NASDAQ: VNOM ) followed with its purchase of Sitio Royalties for $4.1 upstream volatility Prices also jumped as conflict in the Middle East inflated traders’ risk premium.