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 59

Basin Midstream Natural Gas Crude Oil 59

Permian Basin Oil and Gas Magazine

JULY 8, 2025

Counts of active oil and gas drilling rigs in U.S. and Permian Basin continue to fall, according to the latest report from Baker Hughes. percent from 585 a year ago) and 265 rigs in Permian Basin (down 5 from 270 last week and down 40 or 13.1 Among Permian Basin leaders, only Loving County added rigs in the past week.

Drilling rig 52

Drilling rig Basin Gas Oil 52

Permian Basin Oil and Gas Magazine

JUNE 24, 2025

Consistent with Post Oak’s four earlier funds, Fund V will focus on the lower middle market of North American upstream oil and gas industry. Fund V has made commitments to five portfolio companies with capital deployed across the Permian, Haynesville and Utica basins.

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Basin Energy Energy Royalty 40

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. billion cubic feet of gas. trillion cubic feet of gas. public lands.

Oil 59

Oil Gas Barrel Basin 59

Permian Basin Oil and Gas Magazine

JUNE 20, 2025

Underground working natural gas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. EIA calculates natural gas storage capacity in two ways: demonstrated peak capacity and working gas design capacity. The post EIA: Gas storage capacity increased in 2024 in U.S.,

BCF 59

BCF Gas Natural Gas Basin 59

Permian Basin Oil and Gas Magazine

JUNE 6, 2025

Energy Information Administration, driven by growth in tight oil production in Permian Basin. Permian Basin accounted for 65 percent of all tight oil production growth and 51 percent of lower 48 oil production in 2024. After 2020, production in Permian Basin increased at a faster pace than production outside the Permian.

Basin 52

Basin Oil Crude Oil Gas 52

Permian Basin Oil and Gas Magazine

JULY 8, 2025

Oil and gas operators in nearby Permian Basin, a source of light pollution, also have adopted dark sky friendly lighting at drilling rigs and gas plants in west Texas. The post Oil, gas operators adopt dark sky friendly lighting to help reduce light pollution appeared first on Permian Basin Oil and Gas Magazine.

Operator 52

Operator Drilling rig Gas Oil 52

Permian Basin Oil and Gas Magazine

JUNE 13, 2025

The inventory of proposed gas power plants in Texas as reported Wednesday by Environmental Integrity Project includes multiple plants in Permian Basin. During Texas legislative sessions of 2023 and 2025, lawmakers provided a total of $10 billion in public financing of low-cost loans for new gas plants, according to The Texas Tribune.

Gas 59

Gas Basin Finance Oil 59

Permian Basin Oil and Gas Magazine

JUNE 17, 2025

and Permian Basin, according to June 13 report from Baker Hughes. lost a rig this week but still leads Permian Basin with 49. Permian Basin decline for seventh consecutive week appeared first on Permian Basin Oil and Gas Magazine. down 4 from 559 week ago, down 35 or 6 percent from year ago).

Basin 52

Basin Drilling rig Gas Oil 52

Permian Basin Oil and Gas Magazine

JULY 1, 2025

Texas oil and gas companies face new deadlines to plug inactive wells after Gov. Mayes Middleton, R-Galveston, in the recent legislative session, requires oil and gas operators to plug wells have been inactive for at least 15 years. Todd Staples, president of Texas Oil and Gas Association, applauded the bill.

Gas 59

Gas Oil Basin Operator 59

Permian Basin Oil and Gas Magazine

JULY 1, 2025

moved to second in Enverus’ latest list of the most prolific 100 private oil and gas producers in the U.S. Mewbourne, founded in 1965, coordinates its operations in Permian Basin from offices in Midland and Hobbs, N.M. Tyler-based Mewbourne Oil Co. based on gross operated production, well count and rig movements in 2024.

Oil 52

Oil Gas Basin Operator 52

Permian Basin Oil and Gas Magazine

JULY 4, 2025

Houston-based Coterra Energy said last week it will run 9 rigs in Permian Basin in second half of 2025 rather than 7 as announced in May. The post Coterra Energy plans to run 9 rigs in Permian in second half rather than 7 appeared first on Permian Basin Oil and Gas Magazine.

Basin 59

Basin Energy Energy Oil 59

Permian Basin Oil and Gas Magazine

JULY 1, 2025

It will utilize existing infrastructure to provide a new pathway from the Waha residue markets in Permian to Mid Continent residue markets in Anadarko Basin. Palo Duro will be a 275-mile, high-pressure natural gas pipeline connecting downstream pipelines while providing takeaway from the Permian Basin.

Midstream 52

Midstream Pipeline Basin Downstream 52

Permian Basin Oil and Gas Magazine

MARCH 18, 2025

Houston-based Archrock, energy infrastructure company with focus on midstream natural gas compression, said last week it is acquiring Natural Gas Compression Systems in a cash-and-stock transaction valued at $357 million ($298 million cash). million horsepower. million horsepower.

Basin 78

Basin Natural Gas Midstream Operator 78

Permian Basin Oil and Gas Magazine

JUNE 17, 2025

Governor Greg Abbott was in Midland recently to sign new legislation for oilfield theft protection in the Permian Basin. The governor’s office said, “Organized criminals and cartels have increasingly targeted oil pipelines and storage tanks, stealing millions of dollars from communities in the Permian Basin.” The post Gov.

Basin 52

Basin Petroleum Pipeline Oil 52

Permian Basin Oil and Gas Magazine

JULY 11, 2025

and Permian Basin. In the Permian Basin as of July 4, ExxonMobil led with a weekly average of 35.9 Permian in rig count; Permian reports decline in permits appeared first on Permian Basin Oil and Gas Magazine. ExxonMobil is the only one of the top seven U.S. ExxonMobil is the leading operator in both U.S.

Drilling rig 59

Drilling rig Basin Petroleum Operator 59

POWER Magazine

JULY 8, 2025

The post North Dakota’s Largest Coal Plant Could Power Data Centers, Industrial Complex appeared first on POWER Magazine. County commissioners in North Dakota have signed off on a rezoning request from a local energy provider, a move that means a large coal-fired power plant could be used to supply electricity to a new industrial park.

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Energy Energy Basin Natural Gas 222

Permian Basin Oil and Gas Magazine

JULY 1, 2025

Gross natural gas production in lower 48 states increased to a record 120.31 Texas gas production grew by 1.2 million b/d appeared first on Permian Basin Oil and Gas Magazine. million b/d appeared first on Permian Basin Oil and Gas Magazine. percent in the past month to 2.19 million b/d.

Oil 52

Oil Crude Oil Natural Gas Basin 52

Permian Basin Oil and Gas Magazine

JULY 1, 2025

and Permian Basin declined for the ninth straight week, according to the weekly report of June 27 from Baker Hughes. down 7 from 554 previous week, down 34 or 6 percent from 581 year ago) and 270 rigs in Permian Basin (down 1 from 271 previous week, down 35 or 11.5 Rig counts in U.S. There were 547 rigs in U.S.

Basin 52

Basin Gas Oil 52

Permian Basin Oil and Gas Magazine

JUNE 24, 2025

New Mexico reversed its streak of rig count declines, but the counts in Permian Basin, Texas and U.S. Baker Hughes said as of June 20 there were 271 active rigs in Permian Basin (down 2 from 273 last week, down 37 from 308 year ago), 258 in Texas (down 4 from 262 last week, down 24 from 282 year ago) and 554 in U.S. continued to fall.

Basin 40

Basin Gas Oil IT 40

Permian Basin Oil and Gas Magazine

JULY 11, 2025

production this year from previous forecast appeared first on Permian Basin Oil and Gas Magazine. production of crude oil was 11.99 million b/d in 2022, 12.93 million b/d in 2023 and 13.21 million b/d in 2024. The post EIA expects decline in U.S.

Crude Oil 52

Crude Oil Basin Completion Oil 52

Permian Basin Oil and Gas Magazine

JULY 4, 2025

COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.” COG said it owned the produced water and sued, the trial court agreed with COG, and the court of appeals affirmed.

Upstream 59

Upstream Midstream Operator Basin 59

Permian Basin Oil and Gas Magazine

JUNE 10, 2025

Denver-based Tejon Treating and Carbon Solutions said recently it completed Phase II expansion of its Mongoose amine treating plant and gas gathering network to accommodate rising production of sour gas. He said the expansion “reflects the strong need for reliable sour gas gathering and treating infrastructure in this region.”

Completion 52

Completion Basin Downstream Gas 52

Permian Basin Oil and Gas Magazine

JUNE 6, 2025

Viper is now clearly a must-own public mineral and royalty company in North America with attractive size and scale in the Permian Basin.” Sitio’s assets included 25,300 net royalty acres in the Permian Basin and 9,000 additional net acres in Eagle Ford, DJ and Williston basins.

Royalty 52

Royalty Basin Crude Oil Oil 52

Permian Basin Oil and Gas Magazine

MAY 13, 2025

percent interest in Matterhorn Express, 510-mile natural gas pipeline that ships Permian Basin gas from Waha hub to Wharton and Katy. There also are two laterals in Midland Basin of 85 and 50 miles. Oklahoma City-based Devon Energy and Ridgemont Equity Partners last week divested their 12.5

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Natural Gas Pipeline Gas Basin 83

Permian Basin Oil and Gas Magazine

JUNE 10, 2025

Houston-based Northwind Midstream Partners said recently it received approval from New Mexico Oil Conservation Commission for an additional acid gas injection (AGI) and carbon sequestration well at its Titan treating complex in Lea County, N.M. And Northwind has expanded its natural gas gathering and compression network in Lea County.

Midstream 52

Midstream Basin Natural Gas Gas 52

Permian Basin Oil and Gas Magazine

JUNE 27, 2025

STRATOS is under construction in Ector County in Permian Basin. The post JPMorganChase purchases 50,000 metric tons of carbon dioxide removal credits appeared first on Permian Basin Oil and Gas Magazine.

Basin 52

Basin Petroleum Operator Management 52

Permian Basin Oil and Gas Magazine

MAY 13, 2025

Midland-based Permian Resources last week revised 2025 guidance after making a bolt-on acquisition in northern Delaware Basin. The post Permian Resources acquires Delaware Basin assets from APA Corp. appeared first on Permian Basin Oil and Gas Magazine. for $608 million.

Basin 72

Basin Royalty Crude Oil Operator 72

Permian Basin Oil and Gas Magazine

MAY 27, 2025

Officials from Texas Department of Public Safety told the Houston Chronicle there has been a surge in activity in oilfield theft the past two years in Permian Basin. The post FBI task force, Texas DPS report surge in oilfield theft in Permian Basin appeared first on Permian Basin Oil and Gas Magazine.

Basin 69

Basin Operator Oil Gas 69

Permian Basin Oil and Gas Magazine

MAY 30, 2025

First quarter production was 311,000 boed (down 14 percent from 4Q) and 141,000 b/d of oil (down 12 percent from 4Q) from its operations in Permian Basin and DJ Basin. The company said the declines were primarily due to reduced production in DJ Basin. Civitas slashed $150 million in planned capex from its earlier forecast of $1.8

Basin 64

Basin Crude Oil Barrel Oil 64

Permian Basin Oil and Gas Magazine

MAY 20, 2025

The count of active drilling rigs in Permian Basin declined again for the past week, according to Baker Hughes. The post Permian Basin reports lowest rig count in 42 months since November 2021 appeared first on Permian Basin Oil and Gas Magazine. Its Permians lowest count for 42 months since November 2021.

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Basin Drilling rig IT Gas 75

Permian Basin Oil and Gas Magazine

MAY 20, 2025

Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil gathering system of Black Knight Midstream. Chris Chandler, COO, said of the Black Knight asset, Its in the absolute core of the northern Midland Basin. The $55 million deal closed May 1.

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Midstream Basin Pipeline Crude Oil 64

Permian Basin Oil and Gas Magazine

JUNE 20, 2025

The post Energy Workforce says oilfield services sector remains “resilient” appeared first on Permian Basin Oil and Gas Magazine. In May employment in oilfield services also included 53,346 jobs in Louisiana, 48,618 in Oklahoma, 25,938 in Colorado and 23,894 in New Mexico.

Energy 59

Energy Energy Basin Management 59

Permian Basin Oil and Gas Magazine

APRIL 29, 2025

marketed natural gas production remained relatively flat in 2024, according to U.S. Production averaged 113 Bcfd, according to EIAs latest Natural Gas Monthly. Production growth in Permian Basin was offset by declining production in Haynesville and flat production in Appalachia. natural gas output. total or 35.6

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Natural Gas Basin Gas Associated Gas 52

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.

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Field Basin Energy Energy 40

Permian Basin Oil and Gas Magazine

MAY 6, 2025

Dallas-based Vaquero Midstream, natural gas gathering and processing midstream company operating in the Delaware Basin, said last week it will expand its existing gathering system in west Texas. The post Vaquero to expand in Delaware Basin, including new pipeline and gas plant appeared first on Permian Basin Oil and Gas Magazine.

Basin 52

Basin Pipeline Gas Midstream 52

Permian Basin Oil and Gas Magazine

APRIL 15, 2025

Atlanta-based RPC, oil and gas services company, said recently it acquired Pintail Alternative Energy, which does business as Pintail Completions, for $245 million ($170 million cash). The Midland company is a leading provider of oilfield wireline services in the Permian Basin.

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Completion E&P Basin Exploration and Production 98