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ONEOK acquires remaining 49 percent interest in Delaware Basin JV

Permian Basin Oil and Gas Magazine

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.

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Proposed Gas-Fired Power Plant in Wisconsin Faces New Opposition

POWER Magazine

New opposition has emerged surrounding a power plant Minnesota Power, Dairyland Power Cooperative, and Basin Electric Power Cooperative are teaming to build along the banks of the Nemadji River in […] The post Proposed Gas-Fired Power Plant in Wisconsin Faces New Opposition appeared first on POWER Magazine.

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Dry Fork Secures Federal Funding Under $1B Large-Scale Carbon Capture Pilot Program

POWER Magazine

A project near Basin Electric’s Dry Fork Power Station, a 405-MW coal-fired power plant near Gillette, Wyoming, has become the first of four Department of Energy (DOE) selections to receive […] The post Dry Fork Secures Federal Funding Under $1B Large-Scale Carbon Capture Pilot Program appeared first on POWER Magazine.

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Permian Basin drives growth in tight oil production in U.S. onshore lower 48

Permian Basin Oil and Gas Magazine

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.

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Rig counts in U.S., Permian Basin decline for seventh consecutive week

Permian Basin Oil and Gas Magazine

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. Counts of active drilling rigs declined for the seventh consecutive week in U.S.

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TXOGA reports record natural gas production in Texas in 2025

Permian Basin Oil and Gas Magazine

The post TXOGA reports record natural gas production in Texas in 2025 appeared first on Permian Basin Oil and Gas Magazine. In the first 5 months of 2025, Texas produced 42.2 percent of U.S. total crude oil production and 29.2 percent of U.S. marketed natural gas production.

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Diamondback subsidiary Viper acquires Sitio Royalties in $4.1 billion deal

Permian Basin Oil and Gas Magazine

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.

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