Newly public Delaware Basin surface owner LandBridge said last week development of data centers will be an important part of the company’s future. The Houston-based company, which owns about 220,000 surface acres in Texas and New Mexico in the core of the Delaware Basin, manages its land and resources to support and encourage oil and […]

U.S. Energy Information Administration said this week U.S. energy production exceeded consumption by a record amount last year.  In 2023 energy production in the U.S. rose four percent to a record of nearly 103 quadrillion BTUs.  At the same time, energy consumption in the U.S. fell one percent to 94 quads.  Production exceeded consumption by […]

According to a recent report from Enverus, operators in Barnett Shale in north Texas pulled back on completion activity in 2023.  Henry Hub prices averaged 62 percent less than the previous year at $2.57 per million BTUs.  U.S. Energy Information Administration said, “Record high natural gas production, flat consumption and rising natural gas inventories contributed […]

Two companies that operate primarily in Permian Basin are ranked among the top 10 private operators in the lower 48 states, according to a recent report from Enverus.  Continental Resources (Rockies) was the No. 1 private operator in 2023 with 690,299 boed, Mewbourne Oil (Permian) was fourth with 408,754 boed, and Endeavor Energy (Permian) was […]

Fort Worth-based U.S. Energy Development Corp. said this week it is expanding its operations in the Permian Basin.  “Building on a series of recent successes,” U.S. Energy said Tuesday, “the company is poised for significant growth and development in one of the most productive oil and gas regions.”  The continued investment includes the recent completion […]