U.S. Energy Information Administration said April 10 the nation’s crude oil exports reached a record in 2024.  Exports erased the record set in 2023 by exceeding an annual average of 4.1 million barrels per day.  But despite the record, growth of crude oil exports year-over-year slowed to 1 percent in 2024 compared with 14 percent […]

Dallas-based IOG Resources said April 10 it entered a joint development partnership in Permian Basin with Midland’s Elevation Resources.  Their 2025 drilling plans include 10 horizontal Barnett wellbores in Andrews County.  Elevation Resources is a Permian-focused exploration and production company with operations in the Central Basin platform.  It was formed in 2013 with financial backing […]

Fort Worth-based U.S. Energy Development Corp. said this week it acquired 20,000 net acres in Reeves and Ward counties in Permian Basin for $390 million from an undisclosed seller.  U.S. Energy Development said the deal includes a proved producing component and expands the company’s Permian holdings while increasing its multi-bench, multi-year drilling inventory. The company’s […]

The counts of active oil and gas drilling rigs in Permian Basin, Texas, New Mexico and U.S. all were down in the weekly report of April 11 by Houston-based services firm Baker Hughes.  It was the sixth straight week of decline in Permian Basin, which reported 289 rigs (down 5 from 294 a week earlier, […]

U.S. Department of Interior said last week it will no longer require environmental impact statements for thousands of oil and gas leases in New Mexico, Colorado and five other states in the western U.S.  Interior department officials told Bureau of Land Management that environmental impact statements no longer will be required for 3,244 oil and […]

Houston-based Iron Oak Energy Solutions, proppant supplier in North America, said recently it acquired High Roller Sand, which operates a facility in Winkler County in one of the highest-quality sand reserve deposits in the Permian Basin.  The High Roller facility near Kermit enhances Iron Oak Energy’s ability to serve the Delaware and Midland basins.  It […]

Atlanta-based RPC, oil and gas services company, said recently it acquired Pintail Alternative Energy, which does business as Pintail Completions, for $245 million ($170 million cash).  The Midland company is a leading provider of oilfield wireline services in the Permian Basin.  Pintail operates more than 30 active fleets and maintains relationships with blue chip E&P […]

Midland-based Diamondback Energy said April 1 it completed its previously announced acquisition of subsidiaries of Double Eagle IV Midco.  The $4.1 billion purchase (cash and equity) covered about 40,000 net acres in Midland Basin with an estimated 407 gross drilling locations and anticipated 2025 production of 39,000 boed (69 percent oil).

The Woodlands-based TETRA Technologies recently announced a pilot project with EOG Resources to use TETRA’s Oasis total desalination solution (TDS) to process produced water in Permian Basin.  After TETRA and Houston-based EOG successfully treated produced water in south Texas, the new Permian Basin project will start in first half 2025, including a rangeland grass growth […]

RWE Clean Energy, a German energy company, is expanding its renewable energy assets in west Texas to meet rising demand from oilfield electrification and manufacturing and industrial growth.  RWE said March 18 it is partnering with GE Vernova to secure 109 2.82-megawatt wind turbines for two projects near Big Spring that will provide a total […]