ExxonMobil and Occidental Petroleum remain the leading operators in Permian Basin, according to the latest report by Enverus.  In its summary of North American rig activity as of Oct. 17, Enverus said the latest weekly average for Exxon in Permian was 34.9 rigs followed by Occidental’s 20.3.  Other leaders include Mewbourne Oil with 13.9 rigs, […]

Count of active drilling rigs in U.S. increased in the past week while counts declined in Permian Basin and Texas.  In its weekly report of Oct. 24, Baker Hughes said there were 550 rigs in U.S. (up 2 in the past week from 548 and down 35 or 6 percent from 585 from a year […]

In its third quarter operations report, Dallas-based Matador Resources said it increased production and spending in 3Q, decreased 2025 completion cost per lateral foot, and raised 2025 production guidance.  Matador reported record production of 209,184 boed for the quarter (119,556 b/d oil), which exceeded midpoint of guidance of 199,750 boed by 5 percent.  And it […]

Citing data from the Texas comptroller’s office, Texas Independent Producers and Royalty Owners Association said tax contributions by the state’s oil and gas industry remained high in September despite “shifting industry and market conditions.”  Texas energy producers paid $444 million in oil production taxes and $224 million in natural gas production taxes for the month.  […]

Texas Independent Producers and Royalty Owners Association said last week the trajectory of estimated employment in the state’s upstream oil and gas sector through September shows “a precarious balance between operational resilience and mounting headwinds.”  Texas crude oil and natural gas extraction jobs were projected to dip modestly to 69,650 in September – down 0.5 […]

Minneapolis-based Northern Oil and Gas said this week it made significant progress in its ground game acquisitions in third quarter across its platform in four basins, including Permian Basin in west Texas.  Northern’s acquisition included 22 transactions and 3 trades that added more than 2,500 net acres and 5.8 net wells for $59.8 million.  The […]

WaterTechtonics and Clearvale Capital recently launched a new subsidiary, WT Oil & Gas, to deliver high-volume, high-performance water treatment solutions to the oil and gas industry.  The new company will be based in Midland and serve upstream and midstream operators across the Permian Basin with advanced technologies for produced water recycling and reuse. Jason Mothersbaugh, […]

Bureau of Land Management in U.S. Department of Interior said last week it will open an additional 50,000 acres of public land in Colorado to crude oil and natural gas producers.  The agency’s Colorado office said a lease sale of 60 oil and gas parcels will be held Tuesday, Dec. 9. The December sale will […]

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 […]