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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. The latest data for the year 2024 show the methane emissions intensity of upstream oil and gas operations in the region to be 0.44% per barrel of oil equivalent—a 29% reduction from the previous year.

E&P
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Record Permian output boosts Exxon’s Q2 results

Oil & Gas 360º

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 upstream earnings at $5.4 billion from the first quarter, due to lower crude and natural gas realizations. Permian shale basin and offshore Guyana. billion were down by $1.4

E&P
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Global upstream M&A plunges 34% in first half of 2025

Oil & Gas 360º

Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)

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Who is the Upstream Industry's Most Admired Explorer?

Rigzone

by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstream explorer' in the company's latest Annual Exploration Summit Survey. At the time of writing, none of the above have responded to Rigzone.

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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

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 natural gas production taxes, up 26 percent from May 2024.

Gas
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U.S. Rig Activity Rebounds Amid Rising Natural Gas Prices – Baker Hughes

Oil Gas Leads

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.

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

Oil & Gas 360º

First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was natural gas. First quarter 2025 average production was approximately 60 Mboe/d, of which 6% liquids, 94% was natural gas. Key Highlights Attractively Priced and Immediately Accretive to Cash Available for Distribution $1.3