Permian Basin Oil and Gas Magazine

JUNE 13, 2025

percent interest in Delaware G&P, Delaware Basin joint venture, from NGP XI Midstream Holdings for $940 million ($530 million cash). Delaware Basin JV owns natural gas gathering and processing facilities in Delaware Basin in west Texas and southeast New Mexico with total processing capacity of more than 700 million cubic feet per day.

Basin

Oil & Gas 360º

JUNE 23, 2025

TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month. In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.

Gas

Permian Basin Oil and Gas Magazine

AUGUST 12, 2025

based Delek Logistics Partners said last week it completed construction of its new Libby 2 natural gas processing plant and other crude oil and water gathering projects.  The post Delek completes construction of Libby 2 processing plant in Delaware Basin appeared first on Permian Basin Oil and Gas Magazine.

Basin

Energy Transfer

AUGUST 7, 2025

This includes midstream gathering (up 10%), crude oil transportation (up 9%), NGL transportation (up 4%), NGL and refined products terminal volumes (up 3%) and NGL export volumes (up 5%). Bcf/d expansion of the Transwestern Pipeline that will provide new and existing natural gas demand across the southwest region.

Natural Gas

Permian Basin Oil and Gas Magazine

JULY 15, 2025

Crude oil and refined petroleum product imports combined accounted for about 84 percent of U.S. total energy imports in 2024 with natural gas accounting for most of the remainder at 15 percent. fall to 40-year low in 2024 appeared first on Permian Basin Oil and Gas Magazine.

Energy

Oil & Gas 360º

JULY 18, 2025

Chevron had an early advantage given its ownership of large swathes of land in the Permian basin, the shale heartland. But Exxon regained ground in 2010 with its $41 billion acquisition of natural gas producer XTO. shale producer Pioneer Natural Resources for $60 billion. It then cemented its position as the largest U.S.

Oil

Permian Basin Oil and Gas Magazine

JULY 1, 2025

crude oil production reached a record of 13.47 EIA said in Texas, the nation’s top producing state, oil production increased by 1.8 EIA said in Texas, the nation’s top producing state, oil production increased by 1.8 Gross natural gas production in lower 48 states increased to a record 120.31 percent to 5.77

Oil

Oilfield Technology

JULY 28, 2025

According to data collected by the US Department of the Interior’s Office of Natural Resources Revenue, onshore crude oil production from federal lands reached 1.7 Most of this growth was in New Mexico from crude oil produced from federal lands in the Permian Basin. million bpd in 2024, a record high.

Crude Oil

Permian Basin Oil and Gas Magazine

JUNE 27, 2025

Geological Survey that shows significant increases in undiscovered crude oil and natural gas under federally managed U.S. The report shows federal lands in Permian Basin with 8.936 billion barrels of oil and 58,468.4 billion cubic feet of gas. Estimates are 8.926 billion barrels of oil and 85,393.7

Oil

RBN Energy

AUGUST 1, 2025

First, the acquisition is the latest in what by now is a long series of multibillion-dollar deals by midstream giants to expand their Permian-to-Gulf, “wellhead-to-water” networks that gather, process, transport and export crude oil, natural gas and/or NGLs.

Midstream

Valor

JULY 28, 2025

Read mo re EIA revises oil price forecast but still expects prices to decrease Summary : In its July Short-Term Energy Outlook, the EIA revised its 2025 Brent crude oil price forecast up by $3 to an average of $69 per barrel, citing geopolitical risk from the Israel-Iran conflict. and WTI crude fell 1.3% Summary : U.S.

Royalty

Oil Gas Leads

JULY 9, 2025

These permits—spanning both natural gas gathering and crude oil transportation systems—highlight Ironwood’s commitment to enabling safe, efficient midstream infrastructure in one of the most active oil and gas producing regions in the United States. 09903 Gas Private Concord Gas Gathering 10.81

Midstream

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

Valor

JUNE 9, 2025

Meanwhile, China’s crude imports fell to a four-month low in May as refiners conducted maintenance and economic data showed slowing export growth and deepening deflation. Oil rigs declined by 9 to 442, while gas rigs rose by 5 to 114, and 3 were classified as miscellaneous. Read more Oil rises as solid U.S.

Energy

Valor

JUNE 30, 2025

national oil and gas rig count fell by seven to 547 for the week ending June 27, with oil rigs down six to 432 and natural gas rigs down two to a total of 109. This downturn was highlighted by national benchmark West Texas Intermediate crude ending Friday at $65.52 crude oil proved reserves fell 3.9%

Energy

Rigzone

JUNE 27, 2025

Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. percent, Korea National Oil Corporation (KNOC) holds 11.4 percent, SK Group holds 7.2 percent, and Geopetrol holds 2.6

BCF

Rigzone

AUGUST 12, 2025

Oil, NGLs and natural gas production exceeded guidance midpoints, the company said in its quarterly report. Total crude oil equivalent production averaged 1.13 million barrels of oil equivalent per day (Mboed), with midpoint guidance being 1.11 EOG) has reported a net income of $1.3

Natural Gas

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Oil Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 4:13 AM EST Weaker liquids prices offset higher sales volumes. Domestic gas sales rose from 45.8

Oil

Oil Gas Leads

JULY 26, 2025

Today, Occidental’s transformation is undeniable: Domestic oil production grew from 650,000 barrels per day (bpd) in 2015 to over 1.4 The company holds over 1 million net acres in the Permian Basin , the most productive shale play in North America. crude oil production hit 13.2 the world’s top oil producer.

Energy

Rigzone

JULY 17, 2025

0% Brent Crude $68.41 -0.16% Natural Gas $3.58 +0.82% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 3:21 AM EST Weaker liquids prices offset higher sales volumes. Domestic gas sales rose from 45.8

Barrel

Rigzone

AUGUST 6, 2025

TX to AZ Natural Gas Pipeline by Bloomberg | Emma Sanchez | Wednesday, August 06, 2025 | 4:00 PM EST Energy Transfer LP is moving forward with plans to build a $5.3 billion natural gas pipeline. Image by SSSCCC via iStock Energy Transfer LP is moving forward with plans to build a $5.3 Energy Transfer rose 0.7%

Natural Gas

Oil & Gas 360º

JUNE 16, 2025

Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)

Hydraulic Fracturing

OilPrice

MAY 13, 2025

The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. It also has some rather solid crude oil resourcesand some of the lowest production costs

Crude Oil

Oil & Gas 360º

APRIL 1, 2025

(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.

Basin

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

Texas produced 2.003 billion barrels of crude oil in 2024 a record volume, according to Railroad Commission of Texas, and the first time for the state to top 2 billion barrels in one year. The commission said March 26 that Texas produced 2,003,844,281 barrels of oil to better the recent records of 1.99 billion barrels in 2019.

Natural Gas

Oil & Gas 360º

APRIL 9, 2025

(BOE Report) – Oil and gas firm APA said on Wednesday it curtailed about 8 million cubic feet per day of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak prices. to be $2 per thousand cubic feet (Mcf) and $4.15

Natural Gas

Oil & Gas 360º

MAY 20, 2025

(Oil & Gas 360) – Earlier this month, EnerCom met with CanCambria Energy CEO Paul Clarke, PhD, to talk about how the company could transform natural gas markets in Europe through CanCambrias Kiskunhalas drilling project in the Pannonian tight gas basin.

E&P

Oil & Gas 360º

MAY 16, 2025

(Oil & Gas 360) – HOUSTON , May 16, 2025 / PRNewswire / — EOG Resources, Inc. ( EOG ) today announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA).

Exploration and Appraisal

Oil & Gas 360º

APRIL 17, 2025

(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). ANPG is Angolas national concessionaire and regulator.

Basin

Oil & Gas 360º

MAY 9, 2025

Enbridge operates the Mainline system, moving more than 3 million barrels a day of crude oil and liquids from Western Canada to the demand markets in the United States. In total, Enbridge moves 40% of all North American crude. In the natural gas transmission business, Enbridge sanctioned the 1.75

BCF

Oil & Gas 360º

APRIL 21, 2025

(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders.

Oil

Oil & Gas 360º

MAY 14, 2025

(Oil Price) –The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian.

Natural Gas

Oil Gas Leads

MARCH 8, 2025

The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. Bcf/d in 2025. Bcf/d in 2025.

Basin

Oil Gas Leads

MARCH 13, 2025

natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy.

Natural Gas

Oil Gas Leads

MARCH 4, 2025

The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. per barrel of oil equivalent (boe) , up 15.6% to $328,000.

Basin

RBN Energy

MAY 9, 2025

Several large, publicly held midstream companies play critical roles in transporting crude oil, natural gas and NGLs from the Permian Basin to markets along the Gulf Coast, and all of them are investing hundreds of millions or even billions of dollars to expand their Permian-to-Gulf infrastructure.

Midstream

Oil & Gas 360º

MAY 30, 2025

This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets, said Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG. Wachtell, Lipton, Rosen & Katz is serving as EOGs lead legal advisor.

Exploration and Production