U.S. natural gas pipeline exports to Mexico averaged 7.5 billion cubic feet per day in May 2025 – the most of any month on record – as Mexico’s demand for natural gas increases. U.S. natural gas pipeline exports to Mexico averaged 6.4 Bcf/d in 2024 – an increase of 25 percent compared with 2019 and […]

Permian Basin added a drilling rig last week, according to the weekly report of Oct. 17 from Baker Hughes, for the first time since Feb. 28.  That ends a streak of 32 weeks of flat or declining rig count in the basin; the count fell from 305 to 250 during that time.  Baker Hughes said […]

A new analysis by S&P Global Commodity Insights shows that absolute greenhouse gas emissions in Permian Basin declined since 2022 as production of crude oil and natural gas increased.  S&P Global said that absolute greenhouse gas emissions in Permian declined by 25 million metric tons of carbon dioxide equivalent during 2022-24.  That’s a 20 percent […]

Houston-based LandBridge said last week it finalized the sale of a solar project in Reeves County in west Texas.  LandBridge received upfront cash payment and the right to receive contingent future payments based on development milestones for a 3,000-acre photovoltaic solar energy generation project.  Proposed generation capacity is 250 megawatts. Jason Long, CEO, said Oct. […]

Spring-based industry major ExxonMobil reportedly is using a proprietary lightweight proppant made from petroleum coke in wells in the Permian Basin to improve production and lower costs.  The proppant is designed to be transported further into fractures than traditional sand to keep more fracture area open and increase overall resource recovery by up to 15 […]

Dallas-based Cardinal Midstream Partners said last week it plans to expand its Pecos River natural gas processing complex in Loving County in Permian Basin.  The expansion is scheduled for completion in early 2026.  It will add 220 million cubic feet per day of capacity and increase Cardinal’s total capacity to 360 million cfd (with flexibility […]

New Mexico reported a gain of 4 rigs in the past week in Baker Hughes’ latest weekly report of active drilling rigs, but Texas led major producing states that reported declines with a loss of 6 rigs.  As of Oct. 10, there were 100 rigs in New Mexico (up from 96 week ago and 99 […]

U.S. Energy Information Administration has increased its forecast for the nation’s crude oil production this year.  EIA said last week in its latest Short Term Energy Outlook that crude oil production was a record 13.6 million barrels per day in July and is forecast to be 13.53 million b/d for 2025 and 13.51 million b/d […]

Houston-based LandBridge said last week it agreed to purchase about 37,500 total acres in Loving, Reeves, Ward and Winkler counties in west Texas from 1918 Ranch & Royalty.  The assets include 22,000 fee surface acres, 3,500 surface acres held in a long-term agreement and 12,000 leasehold surface acres.  Closing is expected in 2025Q4. The transaction […]

U.S. Energy Information Administration said Texas consumed more energy in 2023 than any other state.  According to data in the latest State Energy Data System, total energy consumption in Texas was twice as much as in California, the second highest consuming state, and more than three times as much as in Florida, the third highest […]