Citing data from the Texas comptroller’s office, Texas Independent Producers and Royalty Owners Association said tax contributions by the state’s oil and gas industry remained high in September despite “shifting industry and market conditions.”  Texas energy producers paid $444 million in oil production taxes and $224 million in natural gas production taxes for the month.  […]

Texas Independent Producers and Royalty Owners Association said last week the trajectory of estimated employment in the state’s upstream oil and gas sector through September shows “a precarious balance between operational resilience and mounting headwinds.”  Texas crude oil and natural gas extraction jobs were projected to dip modestly to 69,650 in September – down 0.5 […]

Minneapolis-based Northern Oil and Gas said this week it made significant progress in its ground game acquisitions in third quarter across its platform in four basins, including Permian Basin in west Texas.  Northern’s acquisition included 22 transactions and 3 trades that added more than 2,500 net acres and 5.8 net wells for $59.8 million.  The […]

WaterTechtonics and Clearvale Capital recently launched a new subsidiary, WT Oil & Gas, to deliver high-volume, high-performance water treatment solutions to the oil and gas industry.  The new company will be based in Midland and serve upstream and midstream operators across the Permian Basin with advanced technologies for produced water recycling and reuse. Jason Mothersbaugh, […]

Bureau of Land Management in U.S. Department of Interior said last week it will open an additional 50,000 acres of public land in Colorado to crude oil and natural gas producers.  The agency’s Colorado office said a lease sale of 60 oil and gas parcels will be held Tuesday, Dec. 9. The December sale will […]

U.S. natural gas pipeline exports to Mexico averaged 7.5 billion cubic feet per day in May 2025 – the most of any month on record – as Mexico’s demand for natural gas increases. U.S. natural gas pipeline exports to Mexico averaged 6.4 Bcf/d in 2024 – an increase of 25 percent compared with 2019 and […]

Permian Basin added a drilling rig last week, according to the weekly report of Oct. 17 from Baker Hughes, for the first time since Feb. 28.  That ends a streak of 32 weeks of flat or declining rig count in the basin; the count fell from 305 to 250 during that time.  Baker Hughes said […]

A new analysis by S&P Global Commodity Insights shows that absolute greenhouse gas emissions in Permian Basin declined since 2022 as production of crude oil and natural gas increased.  S&P Global said that absolute greenhouse gas emissions in Permian declined by 25 million metric tons of carbon dioxide equivalent during 2022-24.  That’s a 20 percent […]

Houston-based LandBridge said last week it finalized the sale of a solar project in Reeves County in west Texas.  LandBridge received upfront cash payment and the right to receive contingent future payments based on development milestones for a 3,000-acre photovoltaic solar energy generation project.  Proposed generation capacity is 250 megawatts. Jason Long, CEO, said Oct. […]

Spring-based industry major ExxonMobil reportedly is using a proprietary lightweight proppant made from petroleum coke in wells in the Permian Basin to improve production and lower costs.  The proppant is designed to be transported further into fractures than traditional sand to keep more fracture area open and increase overall resource recovery by up to 15 […]