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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.
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.
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.
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.
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.
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.
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.
By deepening our operational footprint in the premier Permian Basin and other key regions, we will continue to align our resources with profitable, high-demand market segments. The post Archrock acquires NGCS to expand compression assets in Permian Basin appeared first on Permian Basin Oil and Gas Magazine.
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.
The inventory of proposed gas power plants in Texas as reported Wednesday by Environmental Integrity Project includes multiple plants in Permian Basin. The post Inventory of proposed gas power plants include multiple projects in west Texas appeared first on Permian Basin Oil and Gas Magazine.
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
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.
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.
The expansion was completed May 29 to increase capacity of the Mongoose plant in Westbrook in Mitchell County in Midland Basin by 53 million cfd from its Phase I capacity of 17 million cfd. The post Tejon completes Phase II expansion of Mongoose plant in Mitchell County appeared first on Permian Basin Oil and Gas Magazine.
The injection zone of the new well will target the Devonian formation of the northern Delaware Basin. The post Northwind Midstream receives approval for additional AGI well in Lea County appeared first on Permian Basin Oil and Gas Magazine.
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.
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.
declined in South Central appeared first on Permian Basin Oil and Gas Magazine. Design capacity decreased slightly in 2024 in South Central region. The post EIA: Gas storage capacity increased in 2024 in U.S.,
Collectively they own mineral and royalty interests across the Permian Basin in west Texas and Eagle Ford in south Texas. 29, Closing this deal underscores our commitment to acquiring high-quality royalty assets in some of the most active basins, blending immediate cash flow with long-term development opportunities.
Also as of June 6, there were 275 rigs in Permian Basin (down 3 from 278 week ago, down 35 or 11.3 Eddy County (unchanged at 50 rigs) and Lea County (down 1 to 37) in New Mexico continue to lead Permian Basin. 28 for Permian Basin, May 9 for Texas, Jan. 28 for Permian Basin, May 9 for Texas, Jan. rig count from 587.
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.
Public Utility Commission of Texas approved a plan to build the first extra high voltage transmission lines in ERCOT to help meet the rapidly growing power needs in Permian Basin. The post Public Utility Commission approves first extra high voltage lines in Permian Basin appeared first on Permian Basin Oil and Gas Magazine.
In its rig count update this week, Enverus said the number of frac crews in Permian Basin has increased slightly since a year ago. As of March 7, Enverus said there were 106 frac crews in Permian Basin (of 182 across the U.S.) ExxonMobil continues to lead drillers in Permian Basin and U.S. compared to 102 a year ago.
billion purchase (cash and equity) covered about 40,000 net acres in Midland Basin with an estimated 407 gross drilling locations and anticipated 2025 production of 39,000 boed (69 percent oil). The post Diamondback completes purchase of Double Eagle IV in Midland Basin appeared first on Permian Basin Oil and Gas Magazine.
Permian Basin reported 305 rigs (up 1 in past week, down 10 in past year). Eddy and Lea counties in New Mexico continue to lead Permian Basin with 51 rigs each. rig count up for fifth straight week; Permian Basin, Texas adds rigs appeared first on Permian Basin Oil and Gas Magazine. The post U.S.
Mondays announcement said this acquisition was the companys fourth in Midland Basin in 2025. The post Rising Phoenix Capital makes fourth acquisition in Midland Basin in 2025 appeared first on Permian Basin Oil and Gas Magazine.
The Midland company is a leading provider of oilfield wireline services in the Permian Basin. The post RPC acquires Midlands Pintail Completions for wireline services appeared first on Permian Basin Oil and Gas Magazine.
Houston-based Coterra Energy said last week it is reducing plans for oil-directed rigs in Permian Basin in second half of 2025 while boosting spending for gas assets in Marcellus. The post Coterra to reduce oil-directed rig count for Permian Basin in second half of 2025 appeared first on Permian Basin Oil and Gas Magazine.
Estimated net proved reserves at yearend 2024 were 673 million barrels of oil equivalent, including 51 percent in south Texas, 34 percent in Midland Basin and 15 percent in Uinta Basin. Production in 4Q in Midland Basin was 4,957,000 barrels of oil (53,900 b/d).
The Howard-Solstice transmission line is an integral part of the Permian Basin reliability plan. The post AEP Texas to build extra high voltage transmission line in Permian Basin appeared first on Permian Basin Oil and Gas Magazine.
The post Wright succeeds Midland’s Craddick as chair of Railroad Commission appeared first on Permian Basin Oil and Gas Magazine. “Working together, our state’s clean and abundant natural resources will fuel America’s economy and help secure the growing energy needs here at home and abroad.”
Counts of active drilling rigs in Permian Basin, Texas and U.S. Also, there were 304 rigs in Permian Basin (down from 305 previous week, down from 313 year ago) and 281 in Texas (down from 282 previous week, down from 291 year ago). The post Counts of drilling rigs decline in Permian Basin, Texas, U.S.
Permian Basin is following trends in Texas, New Mexico and U.S. Baker Hughes said in its report of May 23 there were 279 rigs in Permian Basin down 3 from 282 in the past week and down 33 or 11 percent from 312 a year ago. with declining counts of active oil and gas drilling rigs. Oklahoma is No.
Plano-based Mentor Capital said last week it purchased 25.127 net royalty acres in a 71-well producing project in Permian Basin. The post Mentor Capital purchases royalty acres in 71-well project in Permian Basin appeared first on Permian Basin Oil and Gas Magazine. Mentor said its royalty stream is equivalent to 12.5
Dallas-based Matador Resources said last week it sold its two remaining acreage and production positions in Eagle Ford Shale in south Texas to focus on developing its acreage in northern Delaware Basin in west Texas. The company owns about 200,000 net acres in Delaware Basin 80 percent held by production.
Houston-based EOG Resources said recently its 2025 capital program includes steady year-over-year activity levels in Delaware Basin with increased activity in Utica and Dorado plans. The post EOG 2025 plans steady in Delaware Basin, more activity in Utica, Dorado appeared first on Permian Basin Oil and Gas Magazine.
Baker Hughes reported little new activity among operators in Permian Basin, Texas and New Mexico in its weekly report of drilling rigs for April 17. There were 289 rigs in Permian Basin (289 week ago, 318 year ago), 274 in Texas (274 week ago, 296 year ago) and 100 in New Mexico (100 week ago, 108 year ago).
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.
Permian Basin extended its losing streak to five weeks in Baker Hughes latest weekly drilling rig report. As of April 4, there were 294 active rigs in Permian Basin (down 3 from 297 previous week, down 23 from 317 year ago). The high count for Permian this year was 305 as of Feb. 28 after which the current streak started.
said this week it acquired 20,000 net acres in Reeves and Ward counties in Permian Basin for $390 million from an undisclosed seller. Energy Development acquires 20,000 net acres in Reeves, Ward counties appeared first on Permian Basin Oil and Gas Magazine. Fort Worth-based U.S. Energy Development Corp. The post U.S.
Production growth in Permian Basin was offset by declining production in Haynesville and flat production in Appalachia. The post Permian Basin produced 22 percent of natural gas in U.S. in 2024 appeared first on Permian Basin Oil and Gas Magazine. Energy Information Administration, and grew by less than 0.4
Counts of active drilling rigs in Texas and Permian Basin from Baker Hughes continue to fall. As of May 2, there were 287 rigs in Permian Basin (down 2 from 289 last week, down 29 from 316 year ago) and 271 in Texas (down 3 from 274 last week, down 21 from 292 year ago).
Rig count in Permian Basin declined for the second straight week, according to the weekly report of March 14 from Baker Hughes. There were 301 active drilling rigs in Permian Basin down 3 from the previous week and down 4 from the 2025 high of 305 on Feb. Top three counties in Permian Basin declined in rig count last week.
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 billion cfd of contracted capacity.
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