Rextag

JULY 17, 2025

Mach Natural Resources has signed two definitive agreements totaling $1.3 These acquisitions will give the Anadarko Basin-centered independent producer its first significant footholds in the Permian and San Juan basins, through the purchase of assets from Sabinal Energy and entities managed by IKAV Energy.

Basin

Oil & Gas 360º

JULY 28, 2025

(Oil Price) – U.S. crude oil production from onshore federal lands hit a record 1.7 An explosion of activity in New Mexico’s portion of the Permian Basin, where leasing, permitting, and drilling have surged in recent years. Federal offshore oil, by contrast, hasn’t kept pace. million bpd over the same period.

Natural Gas

Marcellus Drilling News

AUGUST 6, 2025

Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for natural gas in the Marcellus) and Cimarex Energy (drills for oil in the Permian and Anadarko basins), issued its second quarter 2025 update yesterday.

Natural Gas

Oil & Gas 360º

JULY 2, 2025

(Oil & Gas 360) – Publisher’s Note: Prairie Operating will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. This strategic and highly accretive bolt-on acquisition enhances our existing footprint in the DJ Basin,” said Edward Kovalik, Chairman and CEO.

Basin

Permian Basin Oil and Gas Magazine

AUGUST 8, 2025

Houston-based Enterprise Products Partners said Wednesday it agreed to acquire a natural gas gathering affiliate of Occidental Petroleum for $580 million. Enterprise will provide Occidental with natural gas gathering and processing services with a long-term dedication of about 73,000 acres in four counties in Midland Basin.

Basin

Oil & Gas 360º

JUNE 23, 2025

(World Oil) – Citing the latest Current Employment Statistics (CES) report from the U.S. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.

Gas

Oil & Gas 360º

JULY 14, 2025

(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. The country aims to boost its current oil production of about 1.1

Offshore

Oil & Gas 360º

AUGUST 8, 2025

(Oil Price) – In a major U-turn in energy policy, Mexico has unveiled a 10-year plan to reverse a years-long decline in oil and gas production by tapping more unconventional resources through fracking. natural gas, mostly via pipelines, have jumped thanks to new pipelines built between the U.S. and Mexico.

Gas

Oil & Gas 360º

AUGUST 1, 2025

(Oil Price) – Despite the slide in oil prices in the second quarter, ExxonMobil ( NYSE: XOM ) reported on Friday earnings that exceeded analyst estimates on the back of increased oil and gas production in the U.S. Permian shale basin and offshore Guyana. Exxon’s earnings stood at $7.1

E&P

Permian Basin Oil and Gas Magazine

AUGUST 1, 2025

Record volumes from operations in Permian Basin and Haynesville helped Houston-based Enterprise Products Partners maintain its financial results in the first half of 2025. Bcfd of Delaware Basin gas and extract more than 330,000 b/d of NGL. The projects include expansion and commissioning of two processing plants.

Basin

Rigzone

JULY 28, 2025

Image by think4photop via iStock Dallas-based Producers Midstream II, LLC said it entered into definitive agreements to “significantly” expand its gathering, treating, and processing infrastructure in Lea County, New Mexico, with undisclosed Permian Basin operators.

Midstream

Oil & Gas 360º

JULY 18, 2025

(World Oil) – Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations in Guyana’s Stabroek block.

Completion

Oil & Gas 360º

JULY 18, 2025

(BOE Report) – LONDON, July 18 – The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. shale producer Pioneer Natural Resources for $60 billion. energy sector.

Oil

Oil & Gas Journal

AUGUST 6, 2025

OD Desert Southwest natural gas pipeline, supplying Arizona and New Mexico from the Permian basin. Energy Transfer LP has taken final investment decision on its 516-mile, 42-in.

Pipeline

Oil & Gas 360º

JUNE 10, 2025

(Oil & Gas 360) – Publisher’s Note: CanCambria will present an update on the Kiskunhalas project at EnerCom Denver – The Energy Investment Conference on August 17-20, 2025.

Exploration and Production

Oil & Gas 360º

JULY 23, 2025

(Oil Price) – One of the top U.S oil and gas producers, ConocoPhillips, is in an advanced stage of discussions to sell assets in Oklahoma to privately-held Stone Ridge Energy in a deal that could be worth about $1.3 ConocoPhillips last year acquired Marathon Oil in an all-stock deal with an enterprise value of $22.5

Natural Gas

Oil Gas Leads

JULY 18, 2025

Energy Transfer (NYSE: ET) continues to scale its natural gas infrastructure footprint in Texas, receiving approval from the Railroad Commission of Texas (RRC) for a sweeping pipeline permit that spans more than 8,100 miles. miles Regulated : 1,576.09 miles Unregulated : 6,615.58 miles Regulated : 1,576.09 miles Unregulated : 6,615.58

Basin

Oil Gas Leads

JULY 8, 2025

Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. oil production, delivering approximately 1.2–1.3 million barrels of oil per day as of Q1 2025. Infrastructure Limits Natural Gas Growth With natural gas production nearing 3.2

Basin

BOE Report

JULY 24, 2025

New analysis provides the most accurate public, basin-wide estimate of methane emissions for the Permian HOUSTON, July 24, 2025 /PRNewswire/ — The methane intensity of oil and gas production in the Permian Basin—an area responsible for half of U.S.

Basin

Oil Gas Leads

AUGUST 5, 2025

The company continues to capitalize on its diversified asset base across the Permian, Marcellus, and Anadarko basins while positioning for capital-efficient growth into 2026. MBoepd Oil: 155.4 MBopd Gas: 2,998.6 MBopd Realized Prices: Oil: $62.80/Bbl hedge) Gas: $2.20/Mcf MBoepd Oil: 155.4 MBopd Gas: 2,998.6

Basin

Enverus

JUNE 26, 2025

Senate proposed amendments to the One, Big, Beautiful Bill, increasing the 45Q tax credit for CO 2 enhanced oil recovery (EOR) from $60 to $85/tonne, matching the rate for permanent sequestration. Raising the tax credit to $85/tonne lowers production breakeven prices and renders EOR viable across a greater range of oil price scenarios.

Exploration and Production

Oil Gas Leads

JULY 21, 2025

oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in natural gas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.

Natural Gas

Rigzone

JULY 15, 2025

million cubic feet per day (MMcf/d), a Beetaloo Basin record. “This result is a new Beetaloo Basin record and is more than double the previous IP60 record set by the SS-1H well in 2024,” Joel Riddle, Tamboran Chief Executive Officer, said in a stock filing. million cubic feet per day. million cubic feet per day.

Basin

Oil Gas Leads

JULY 24, 2025

Despite a challenging oil market and macroeconomic headwinds, Patterson-UTI Energy (NASDAQ: PTEN) doubled down on its strategy to lead the U.S. oilfield services sector through technology, disciplined capital allocation, and a sharp eye on future natural gas demand. The average U.S. domestic use and LNG exports.

Natural Gas

Permian Basin Oil and Gas Magazine

AUGUST 1, 2025

Production of crude oil from onshore federal lands has increased in recent years because of significant growth in drilling activity and operations. Energy Information Administration said Monday, “Most of this growth was in New Mexico from crude oil produced from federal lands in the Permian Basin.” natural gas production.

Crude Oil

Permian Basin Oil and Gas Magazine

AUGUST 8, 2025

Dallas-based Energy Transfer said Wednesday it will expand its Transwestern pipeline to increase the supply of natural gas to markets in New Mexico and Arizona from its asset base in Permian Basin. Design capacity is 1.5

Natural Gas

Rigzone

JULY 18, 2025

Natural Gas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? Natural Gas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? million stock tank barrels.

Oil

Enverus

JUNE 10, 2025

million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. Historically, EOG has favored organic growth, focusing on early-entry positions in core shale plays like the Delaware Basin and Eagle Ford.

IT

Rigzone

JULY 15, 2025

Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Mach Natural to Acquire Assets in Permian, San Juan Basins by Rocky Teodoro | Rigzone Staff | Tuesday, July 15, 2025 | 8:00 AM EST The transactions are expected to close during the third quarter, each with an effective date of April 1, 2025.

Basin

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

Rextag

JUNE 20, 2025

The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. The average price for oil sands leases has fallen to C$771 per hectare, down 18% from last year. In March, Synergy Land Services Ltd.

Gas

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 barrels of oil and 391.6 public lands.

Oil

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%). Strong NGL volumes were also reported for NGL fractionators (up 5%), interstate natural gas pipelines (up 11%) and intrastate natural gas pipelines (up 8%).

Natural Gas

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

Rigzone

AUGUST 4, 2025

Image by francescoch via iStock BP Plc said it made its biggest discovery in 25 years in deep waters off Brazil, a boon for the UK oil major as it seeks to turn around years of underperformance. million barrels of oil equivalent a day - remains unchanged. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! million to 2.5

Exploration and Production

Permian Basin Oil and Gas Magazine

AUGUST 1, 2025

The natural gas subsector is leading this growth, accounting for nearly 60 percent of all completed deals and over 70 percent of total transaction volume since 2022 (see chart). by JLL Research The post Energy M&A Activity Attains New Heights appeared first on Permian Basin Oil and Gas Magazine.

Energy

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