Senator Charles Perry, R-Lubbock, received the Bruno Hanson Environmental Excellence Award April 30 at the Permian Basin Environmental Regulatory Seminar.  The award is presented each year by the Petroleum Professional Development Center at Midland College and the Permian Basin Petroleum Association. Hanson was a geologist and independent oilman in Midland and a pioneer of environmental […]

Dallas-based Energy Transfer said last week its volumes continued to grow in first quarter compared to last year.  And in Q1 the company placed into service its Gateway NGL pipeline debottlenecking project to provide increased deliveries from Delaware Basin in west Texas to the company’s NGL fractionation complex at Mont Belvieu. Energy Transfer said in […]

Houston-based Chevron said recently U.S. production in first quarter exceeded 2025Q1 after the recent acquisition of Hess Corp. and growth in Permian Basin and Gulf of Mexico.  Net oil-equivalent production during Q1 was up 388,000 boed to 2.024 million boed.  Production in 2025Q4 was 2.055 million boed. Capex in Q1 was higher than last year […]

Houston-based APA Corp. said last week continued efficiency gains and improved uptime in Permian Basin helped its U.S. oil production exceed guidance in first quarter.  U.S. oil production averaged 124,000 barrels per day.  APA raised fullyear U.S. oil production guidance to 122,000 b/d.  Permian capex for 2026 remains $1.3 billion. APA also reported total production […]

Texas led major producing states in additional oil and gas drilling rigs for the third straight week, according to the weekly report of May 8 by Baker Hughes.  Texas now has 240 rigs after adding 2 in the previous week.  That’s down 33 or 12.09 percent from 273 rigs a year ago but up from […]

Houston-based Western Midstream Partners said last week it agreed to acquire all outstanding equity interests of Brazos Delaware in a transaction valued at about $1.6 billion ($800 million cash).  Fort Worth-based Brazos Midstream is one of the largest privately held gathering and processing platforms in Delaware Basin with gas and oil assets in Culberson, Loving […]

Midland-based Viper Energy said last week it agreed to acquire all equity interests in Riverbend Oil & Gas IX in a transaction valued at $522 million ($337 million cash).  Riverbend owns mineral and royalty interests on 3,064 net royalty acres in Delaware and Midland basins.  Expected production in the next 12 months of these assets […]

Coterra Energy and Devon Energy said last week they have completed their previously announced all-stock merger.  Tom Jordan, chairman, CEO and president of Houston-based Coterra, said May 4 that the “overwhelming support from both Devon and Coterra shareholders affirms the compelling strategic rationale of this combination.  We will leverage our complimentary portfolios and proven operational […]

Houston-based ConocoPhillips said last week it will allocate more capital to Permian Basin in 2026 to maintain operating efficiencies in its most profitable region.  Andy O’Brien, CFO, said the increase in Permian spending will focus on operated and non-operated assets in Delaware Basin to maintain output level but not ramp up production.  The company reported […]