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 […]

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 […]

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 […]

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 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 […]

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 […]

Solar Energy Industries Association said in its recent annual report that installation of stationary battery storage achieved a record in 2025.  Battery energy stationary storage (BESS) surpassed 28 gigawatts of new installations last year – 28 percent higher than in 2024.  The report, issued in partnership with Benchmark Mineral Intelligence, said the new battery storage […]

The Woodlands-based Kodiak Gas Services said last week it completed the purchase of more than 20,000 horsepower of large horsepower compression assets for $24 million from a leading oil and gas producer in the Permian Basin.  Kodiak will use the acquired assets to provide compression services to the seller in a seven-year contract.  The assets […]

Chevron CEO Mike Wirth, as S&P Global’s CERAWeek opened in Houston this week during the U.S.-Israeli war in Iran, said regional disruptions may outlast market assumptions.  Theme of the global conference March 23-27 is “Convergence and Competition: Energy, Technology and Geopolitics.”  Wirth said the market may be underestimating the scale and duration of the disruption […]