Tulsa-based ONEOK said Tuesday it completed its acquisition of Brazos Midstream’s natural gas gathering and processing assets in Midland Basin for about $4.425 billion.  The deal more than doubles ONEOK’s Midland Basin processing capacity to about 2.3 billion cubic feet per day, including facilities under construction. Pierce H. Norton II, president and CEO of ONEOK, […]

Midland’s ProPetro said recently its PROPWR business signed long-term contracts with a subsidiary of Targa Resources to provide about 230 megawatts of behind-the-meter power generation capacity for natural gas processing infrastructure in Permian Basin.  Full deployment of the power generation capacity is expected by early 2028. Sam Sledge, CEO of ProPetro, said Sept. 22, “These […]

Dallas-based Energy Transfer said Tuesday it will acquire Vaquero Midstream in a bolt-on transaction valued at about $2.625 billion ($1.95 million cash).  Vaquero has a rapidly growing midstream services business that includes wellhead gathering and intrabasin transportation pipelines and a natural gas processing complex.  The 300-mile pipeline network serves leading operators in Loving, Reeves, Ward […]

After seven straight weeks of increases, the count of active drilling rigs in Texas has declined for three consecutive weeks.  Baker Hughes said as of Oct. 2 there were 278 rigs in Texas – down 3 in past week, but up 34 or 13.93 percent from 244 a year ago. Also as of Oct. 2, […]

Texas Commission on Environmental Quality is taking applications to permanently plug and abandon marginal conventional oil and gas wells in a new program with $134.1 million in federal funding.  The program, known as Texas Voluntary Marginal Conventional Well Plugging Program (TxMCW), is accepting applications through Monday, Nov. 9. Three meetings open to the public have […]

Driven primarily by increased output in Permian Basin, U.S. natural gas production reached a record high in July 2026.  U.S. Energy Information Administration said Oct. 2 in its latest Natural Gas Monthly that gross withdrawals (total volume of gas extracted at wellhead) was 137 billion cubic feet per day for July.  It was the first […]

The administration of President Trump said Tuesday it will offer another 40 million barrels of crude oil for the market from the nation’s strategic petroleum reserve, which held about 283.8 million barrels as of Sept. 25.  That’s the SPR’s lowest level in more than 40 years.  If companies take all 40 million barrels before any […]

Dallas-based Matador Resources said Thursday it closed the $1.255 billion acquisition of Paloma Permian with plans to begin drilling operations on up to 25 wells by yearend 2027.  The deal adds 156 net locations across 9 potential targeted benches to Matador’s inventory along with about 16,500 net primarily undeveloped acres in Eddy and Lea counties […]

Gainesville-based Select Water Solutions said last week it agreed to acquire Pilot Water Solutions, private water midstream company that operates primarily in Delaware Basin, for $700 million ($600 million cash).  Pilot’s infrastructure includes about 2.7 million barrels per day of disposal capacity, 0.9 million b/d of undeveloped disposal capacity and more than 700 miles of […]