U.S. Senator John Cornyn (R-Texas) this week visited a production site of Diamondback Energy to view a demonstration of the emissions monitoring system of Champion X.  Cornyn visited the site at Diamondback’s Spanish Trail field near Midland with Bill Nall, senior superintendent of production for Diamondback, and Shankar Annamalai, senior vice president of emissions technologies […]

Birmingham, Ala.-based Diversified Energy named Rick Gideon, CEO of Maverick Natural Resources, as COO after closing its previously announced acquisition of Maverick.  Diversified announced its purchase in January for $1.275 billion (including debt) of Maverick with core assets in Permian Basin, western Anadarko and Ark-La-Tex.  Gideon’s appointment was effective Tuesday. Diversified is a leading publicly […]

U.S. Department of Energy said recently filling the nation’s strategic petroleum reserve will require $20 billion and several years to complete.  Chris Wright, energy secretary in the administration of new president Donald Trump, said March 7 he will seek $20 billion to restore holdings “close to the top.”  The SPR, world’s largest emergency crude oil […]

Houston-based Northwind Midstream Partners said last week it has constructed and placed into service 150 million cfd of high-circulation amine capacity, two acid-gas disposal and carbon sequestration wells, more than 200 miles of large-diameter pipelines, and 41,750 horsepower of compression at five compressor stations.  The system in Lea County, N.M., is underpinned by long-term commitments […]

ExxonMobil remains the top drilling operator in U.S. and Permian Basin, as of March 7 according to Enverus, and Helmerich & Payne is the top contractor in U.S.  In Permian Basin, the latest weekly average for Exxon was 35.1 rigs followed by Occidental with 24.9, EOG with 16.0, Mewbourne with 15.9, ConocoPhillips with 14.6, Diamondback […]

Rig count in Permian Basin declined for the second straight week, according to the weekly report of March 14 from Baker Hughes.  There were 301 active drilling rigs in Permian Basin – down 3 from the previous week and down 4 from the 2025 high of 305 on Feb. 28.  The count was unchanged in […]

Houston-based EOG Resources said recently its 2025 capital program includes “steady year-over-year activity levels” in Delaware Basin with increased activity in Utica and Dorado plans.  EOG said Feb. 27 in its quarterly report, “The plan delivers 3 percent oil volume growth and 6 percent total volume growth through the drilling and completion of 605 net […]

Houston-based Archrock, energy infrastructure company with focus on midstream natural gas compression, said last week it is acquiring Natural Gas Compression Systems in a cash-and-stock transaction valued at $357 million ($298 million cash).  NGCS is a provider of natural gas compression equipment and services used in production and transportation of natural gas. Brad Childers, president […]

The Woodlands-based Ring Energy said last week it divested non-core vertical wells with high operating costs for $5.5 million.  Paul D. McKinney, chairman and CEO, said March 6, “We intend to maintain or slightly grow our production through our organic drilling program and grow through accretive, balance sheet enhancing acquisitions of assets that meet specific […]