Matador Resources announced successful test results from its first exploratory well in the Woodford formation in southeast Lea County, N.M.  The Rae’s Creek well recorded initial production rates exceeding 2,200 boed (72 percent oil) during its 24-hour test June 29. Matador said Thursday it’s still producing about 20 percent better than the average production of […]

Four oil and gas companies, including Energy Transfer, recently jointly announced their move from Delaware to Texas.  The other three were Sunoco LP, SunocoCorp LLC and USA Compression Partners.  The redomiciliations were effective July 6 (July 13 for market purposes).  All four are now based in Dallas. Energy Transfer owns and operates one of the […]

Texas Independent Producers and Royalty Owners Association said recently employment in the state’s upstream sector of the oil and gas industry increased by 400 jobs from May to June 2026.  Using data from U.S. Bureau of Labor Statistics, TIPRO said service sector jobs increased by 1,300 (to 135,800) and jobs in oil and gas extraction […]

Dallas-based Matador Resources said Thursday it agreed to acquire assets in Delaware Basin from EnCap-backed Paloma Permian and Ridge Runner Resources.  The transactions add producing assets, undeveloped acreage and about 300 net drilling locations.  The deals increase Matador’s Delaware position to about 240,000 net acres. A subsidiary of Matador will acquire Paloma Permian for $1.275 […]

A new study by S&P Global Energy said LNG exports are expected to become the second largest net export industry in the U.S. within five years.  The report issued July 17 said LNG exports support 550,000 jobs and will contribute $1.4 trillion to U.S. GDP through 2040 “while having a negligible impact on domestic gas […]

Texas, New Mexico and Oklahoma were three of four states to report additional oil and gas drilling rigs in the past week.  Baker Hughes in its weekly report of July 17 said Texas’ count is up to 274 after adding 2 rigs in the past week; Texas has added 21 rigs or 8.30 percent in […]

East Daley Analytics reported last week that Energy Transfer’s Hugh Brinson pipeline began moving natural gas months ahead of the project’s full operational date.  According to filings with the Federal Energy Regulatory Commission, intrastate flows on the Hugh Brinson pipeline began June 13 – the same day its Section 311 tariff and statement of operating […]

Houston- and New York City-based Glenfarne Group said this week it secured new capital to continue development and early construction of the proposed Texas LNG export terminal on 625 acres at Port of Brownsville.  HPS Investment Partners, part of Blackrock, agreed to an investment of $500 million.  It’s one of the final steps required for […]

Multiple sources are reporting that the Dean formation in west Texas is “emerging as the Midland Basin’s next zone to watch.”  Dean is a prolific, oil-rich geological layer between the shallower Spraberry formation and the deeper Wolfcamp shale.  Historically, it was drilled vertically in the Ackerly-Dean field in Dawson County, but now modern horizontal drilling […]

After three months of increases, jobs in the energy services workforce in both U.S. and Texas declined in June, according to data from Houston-based Energy Workforce and Technology Council.  Despite the modest declines, the council said the workforce “remained stable through the first half of 2026.”  Data were compiled from the Bureau of Labor Statistics […]