Baker Hughes reported increased rig counts in Permian Basin, New Mexico and U.S. in its weekly report of Nov. 14.  Texas’ count was unchanged in the past week with 234 rigs (down 45 or 16.1 percent from 279 in the past year).  Texas’ flat count stopped a streak of six straight weeks of declining rig […]

U.S. Energy Information Administration said three regions in the U.S. are among the top 8 natural gas-producing areas in the world when ranked independently against other gas-producing countries.  U.S. produced 104 billion cubic feet per day of natural gas in 2023 (75 percent more than runner-up Russia), the most recent year for which EIA has […]

Google and its parent company Alphabet said Friday they will build three new data centers in west Texas in Armstrong and Haskell counties.  One of the two data centers in Haskell County near Abilene will be paired with a new solar and battery storage plant to minimize the center’s impact on Texas’ electric grid.  Texas […]

U.S. Environmental Protection Agency last week granted primary regulatory authority to Texas for its carbon dioxide injection wells.  The decision grants primacy for Class VI underground injection control to the state.  Railroad Commission of Texas now has primary enforcement authority for Class VI wells for the injection of CO2 into deep underground rock formations for […]

Houston-based Ranger Energy Services said last week it acquired American Well Services from Argonaut Private Equity to expand its Permian Basin footprint.  American Well Services is a well services provider focused in Permian Basin.  The $90.5 million acquisition expands scale for Ranger by increasing its rig count about 25 percent and confirming its position as […]

Houston-based Plains All American Pipeline completed the previously announced acquisition of a 55 percent equity interest in EPIC Crude Holdings on Oct. 31, and effective Nov. 1 it completed acquisition of the remaining 45 percent operated equity interest in EPIC.  The earlier 55 percent interest was acquired from Midland’s Diamondback Energy and Kinetik Holdings.  The […]

Houston-based ConocoPhillips said last week its third quarter production increased about 4 percent compared to 2024Q3, and its fullyear 2025 production forecast of 2.375 million boed is above prior guidance.  Production for 3Q averaged 2.399 million boed – up 482,000 boed from a year earlier driven in part by its acquisition of Marathon Oil.  Lower […]

U.S. Department of Energy said Wednesday it purchased 900,000 barrels of sour crude oil for nearly $56 million (about $62 per barrel) to help replenish the nation’s strategic petroleum reserve.  The purchase was comprised of 600,000 barrels from Trafigura Trading and 300,000 from Energy Transfer Crude Marketing for a solicitation that was announced in October.  […]

Houston-based Chevron selected the Permian Basin in west Texas as home of its first natural gas power project to support growing demands by AI data centers.  Chevron said Wednesday it hopes to bring the power plant online by 2027.  The company, one of the biggest producers in the Permian Basin, did not reveal the data […]

Findlay, Ohio-based MPLX agreed to supply natural gas to MARA Holding’s planned power generation facilities and state-of-the-art data centers in west Texas.  MPLX said Nov. 4 it will supply natural gas from its processing plants in Delaware Basin to MARA’s gas-fired electricity generation facilities to be built in west Texas.  MARA will build multiple power […]