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Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. Producers last month also paid $227 million to the state in naturalgas production taxes, up 26 percent from May 2024.
Value was heavily driven by just two large transactions – EOG’s purchase of Encino Acquisition Partners in the Utica and Viper Energy Partners rare public mineral merger with Sitio Royalties. billion worth of deals early in 3Q, adding assets in the San Juan Basin and Central Basin Platform. Its acquisition of Encino for $5.6
Interior proposes easing oil and gas commingling rules Summary : The Interior Department has proposed rule updates allowing oil and gas operators to commingle production from multiple leases, even those with different ownership and royalty rates. million bpd in 2025, and a 68% gas price hike will boost gas output to 105.9
Its royalty-focused, asset-light model stands out versus traditional E&Ps like Diamondback, offering high efficiency and lower risk. million in Q1 2025 gains—especially by locking in higher naturalgas prices than the market. Weak naturalgas prices ($2.08/Mcf by year-end 2025, assuming stable prices.
0% Brent Crude $66.59 +0.24% NaturalGas $2.99 -2.51% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Diamondback Energy Narrows Production Guidance as Net Income Dips in Q2 by Paul Anderson | Rigzone Staff | Friday, August 08, 2025 | 10:49 AM EST The company said production for the quarter averaged 919,000 barrels of oil equivalent per day.
Past Energy Transition and Emerging Technology sessions have featured innovations in geothermal, lithium, solar, helium, renewable naturalgas, carbon capture, and even robotics. cacgroup.com bpx energy bpx energy, bp’s US onshore business, operates in the Permian, Eagle Ford, and Haynesville basins.
“Value was heavily driven by just two large transactions - EOG’s purchase of Encino Acquisition Partners in the Utica and Viper Energy Partners' rare public mineral merger with Sitio Royalties,” it added. billion, followed by the Viper Energy Partners - Sitio Royalties deal with a value of $4.06
As an Energy Developer, Solestiss accelerates access to baseload power while mitigating budget risks by leveraging nuclear and energy infrastructure expertise and naturalgas solutions to drive project success. cacgroup.com bpx energy bpx energy, bp’s US onshore business, operates in the Permian, Eagle Ford, and Haynesville basins.
Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. The report underscores a clear pivot: naturalgas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators.
You cant live in todays modern society without the benefits of naturalgas development. Most notably, PITs cutting-edge microgrid , backed predominately by naturalgas, ensures seamless airport operations even in the face of grid failures that cripple other major transportation hubs while keeping energy costs and emissions low.
(Oil & Gas 360) –MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. NASDAQ:FANG) (Diamondback), and Sitio Royalties Corp. Pro forma Viper is now clearly a must-own public mineral and royalty company in North America, with attractive size and scale in the Permian Basin.
Plano-based Mentor Capital said last week it purchased 25.127 net royalty acres in a 71-well producing project in Permian Basin. Mentor said its royalty stream is equivalent to 12.5 percent of oil and gas revenues for its acreage.
In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 billion inclusive of net debt. billion in 2022.
After years of planning, political negotiation, and construction, the LNG Canada export terminal in Kitimat is nearly operational and it could mark a turning point for Canadas naturalgas industry. billion in provincial naturalgasroyalties over the next three years (up from just $600 million last year).
(Oil & Gas 360) – CanCambria Energy Corp. TSXV: CCEC ) ( FSE: 4JH ) is pleased to announce that it has been granted its first drilling permit from the Hungarian Mining Directorate for the CC- Ba-E-2 appraisal well at its 100% owned Kiskunhalas tight gas project in Hungarys Pannonian Basin.
Permian Resources Corporation, a leading pure-play operator in the Delaware Basin, has reported strong first-quarter 2025 financial and operational results and announced a strategic bolt-on acquisition of APA Corporations Northern Delaware Basin assets for $608 million. The upside in naturalgas was driven by elevated ethane rejection.
This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets, said Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG. Akin Gump Strauss Hauer & Feld LLP is also serving as legal counsel to EOG.
Texas Independent Producers and Royalty Owners Association said April 18 that upstream employment in the Texas oil and gas industry declined in March. It represents a decline of 900 in the services sector and increase of 200 jobs in oil and gas extraction. Austin-based TIPRO cited data from U.S.
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant naturalgas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of naturalgas, which explains why the supermajors are not too tired of their problems in Nigeria.
In a blow to Pennsylvania landowners, a judge recently dismissed a lawsuit aiming to overturn the Delaware River Basin Commission (DRBC)s ban on naturalgas development within the watershed that robs private property owners of their right to realize the benefits of the energy beneath their feet.
In a blow to Pennsylvania landowners, a judge recently dismissed a lawsuit aiming to overturn the Delaware River Basin Commission (DRBC)s ban on naturalgas development within the watershed that robs private property owners of their right to realize the benefits of the energy beneath their feet.
House Bill 137 , tracked by the Permian Basin Petroleum Association (PBPA) as detailed below, establishes the Strategic Water Supply Program. percent and the naturalgas severance tax rate from 4 percent to 3.9 23 Oil & GasRoyalty Rate Changes (Sen. 548 in the omnibus tax effort, Robertson reported.
In 2015, then-Massachusetts Attorney General Maura Healey released a report asserting that no new naturalgas pipelines were needed into the region and that the regions power grid faced no reliability deficiency through at least 2030. New England sits adjacent to Pennsylvania and the largest naturalgas producing region in the country.
These power failures were caused by over-dependence on intermittent renewable generation, allied with inadequate investment in legacy grids designed for centralised, reliable world-scale plants fuelled traditionally by coal, and then increasingly by nuclear and naturalgas. Beyond that point, costs and risks soar.
In 2015, then-Massachusetts Attorney General Maura Healey released a report asserting that no new naturalgas pipelines were needed into the region and that the regions power grid faced no reliability deficiency through at least 2030. New England sits adjacent to Pennsylvania and the largest naturalgas producing region in the country.
naturalgas producers and investment firms are gearing up for more activity in Louisianas Haynesville shale basin, positioning themselves for a boom in liquefied naturalgas exports boosted by new approvals from President Donald Trump. in 2023 that drove down gas prices. (BOE Report) – U.S.
Read more Naturalgas prices tick up despite another triple-digit build Summary : Naturalgas prices rose slightly to $3.447/Mcf despite a 101 Bcf storage build, exceeding the 99 Bcf forecast and marking the fifth straight triple-digit weekly increase. Despite OPEC+s phased cuts since 2024 (totaling 2.2M Read more U.S.
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