The 2006 Permian Basin Water in Energy conference will be conducted next week in Midland. Keynote speakers in the conference April 7-9 at UTPB and Bush Convention Center will include Maynard Holt, CEO of research firm Veriten; Nick Moriss, vice president of Natura Resources; Billy Murphy, CEO of University Lands; and Ray Perryman, CEO of […]
Midland’s Vision Oil and Gas acquires more Permian wells, expands to Anadarko
Midland-based Vision Oil and Gas recently said it is expanding its operations in Permian Basin and Anadarko Basin in Mid Continent. Vision is acquiring 114 wells in Cochran, Mitchell, Reeves, Reagan and Ward counties in west Texas and 320 wells in Anadarko in six transactions. Vision said it’s “the first substantial play for the company […]
Guest Editorial: Oil’s New Reality
By Neil Crosby, AVP Oil Analytics at Sparta Commodities [EDITOR: This article was written March 3, five days before the colossal price spike for crude oil that came Sept. 8. But the circumstances just go to show how prescient this analysis was.] The oil market is no longer asking how much crude is being produced. […]
The Over $100 Surprise
As I write these words (2:00 p.m. on Friday, March 27), WTI crude stands at $99.48. And note that we are talking WTI here, not Brent. Brent was at $113. And this in a world where, only a few months ago, forecasters were saying we’d be in the $50s range at this time. What a […]
Drilling rig counts decline in Permian Basin, Texas and U.S.
Counts of active oil and gas drilling rigs declined in the past week in Permian Basin, Texas and U.S. Baker Hughes said in its weekly report of March 27 there were 543 rigs in U.S. – down 9 in the past week and down 49 or 8.28 percent from 592 of a year ago. The […]
TIPRO presents Energy Icon Award to Pioneer founder Scott Sheffield
Scott Sheffield, former chairman, CEO and founder of Pioneer Natural Resources, received the inaugural TIPRO Energy Icon Award at the 80th annual convention of Texas Independent Producers and Royalty Owners Association today in Houston. TIPRO said, “His role in the shale revolution didn’t just boost an industry. It helped to secure American energy independence.” Sheffield’s […]
BLM schedules oil, gas lease sale May 20 in Texas, New Mexico
U.S. Bureau of Land Management recently scheduled an oil and gas lease sale for 33,530 acres in Texas and New Mexico. The sale will be conducted May 20. BLM completed scoping on the parcels in December 2025 and held a public comment period that closed in February 2026. A 30-day public protest period will close […]
XGS Energy, Baker Hughes to develop geothermal project in New Mexico
Houston-based XGS Energy last week said it will collaborate with energy technology company Baker Hughes to develop XGS’s 150-megawatt geothermal project in New Mexico. The project will support the delivery of clean, round-the-clock power to the grid of Public Service Co. of New Mexico for Meta’s data center operations in the state. The collaboration brings […]
Reuters: Vicki Hollub, 66, to retire as CEO of Occidental Petroleum
Reuters reported Thursday that Occidental Petroleum CEO Vicki Hollub is preparing to retire after a decade of leadership for the U.S. oil and gas major. Hollub, 66, plans to make a formal announcement later this year, sources told Reuters, although “the ongoing conflict in the Middle East … could reshape her plans.” Reuters said no […]
Enverus raises crude price forecasts for 2026 and 2027, lowers demand forecast
Calgary-based Enverus Intelligence Research this week issued updates to its global oil outlook that include increased forecasts for Brent crude in 2026 and 2027. “The world has an oil flow problem that is draining stocks,” Al Salazar, director of research at Enverus, said Tuesday. “Whenever that oil flow problem is resolved, the world is left […]