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Record Permian Output Boosts Exxon's Q2 Results

OilPrice

Permian shale basin and offshore Guyana. per share, as the company achieved its highest second-quarter upstream production since the merger of Exxon and Mobil more than 25 years ago. Exxon’s earnings stood at $7.1 billion for the second quarter, or $1.64 The Q2 earnings per share beat the analyst consensus of $1.57

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Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

Oil & Gas 360º

With this step, we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet. (Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025.

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Upstream M&A hits the brakes, slowing to $14 billion

Enverus

Calgary, Alberta (July 23, 2025) — Enverus Intelligence Research (EIR), a subsidiary of Enverus , the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 2Q2025 upstream M&A activity and outlook for the rest of the year. Its acquisition of Encino for $5.6

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Permian methane emissions dropped 50% in two years, analysts say

Oil & Gas 360º

(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. Absolute annual 2024 methane emissions decreased by 21.3

E&P
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Navigating the M&A Landscape in 2025: Insights for Small to Mid-Sized Upstream Operators

Enverus

The first quarter of 2025 has seen a remarkable surge in oil and gas mergers and acquisitions (M&A) within the upstream oil and gas sector, with transactions totaling $17 billion. Smaller deals are still occurring, particularly in conventional plays and areas outside major basins. That said, opportunities still exist.

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Neuquén basin production grows, accounts for over 70% of Argentina’s oil and gas output

Oil & Gas Journal

In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of natural gas. In May, 62 new wells were connected in the basin, and 1,968 frac stages were completed in June—66% by YPF. million cu m/day, followed by YPF at 18.4

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What’s New: Mach Enters Permian, San Juan Basins With $1.3 Billion in Deals

Rextag

With this step, we significantly enhance our scale and gain strategic multibasin positioning.” Permian Basin Deal – Sabinal Energy To enter the Permian Basin, Mach has agreed to acquire Sabinal’s oil-weighted assets for an unadjusted purchase price of $500 million , subject to customary terms, conditions, and closing adjustments.