Midland’s Viper Energy increased 2026 production guidance to a midpoint of 67,500 barrels of oil per day.  In its operations announcement Nov. 2, Viper said third quarter production was 69,076 b/d of oil with total production of 141,152 boed.  Viper said 689 gross horizontal wells were turned to production in 3Q. In September Viper acquired […]

Midland’s Diamondback Energy and global investment firm KKR this week said they will jointly acquire the 70 percent stake in Deep Blue Midland Basin held by Five Point Infrastructure.  Deep Blue is a leading full cycle water infrastructure platform.  Diamondback and KKR now will own 100 percent of Deep Blue to build on Diamondback’s previous […]

After increasing oil production in third quarter by 5 percent over previous quarter, Midland’s Permian Resources increased midpoint of guidance for 2026 oil production to 202,500 barrels per day.  The company said last week in its operations report, “The increase in full year production guidance is primarily driven by strong new well and base performance, […]

Baker Hughes reported increasing rig counts in Permian Basin, Texas and New Mexico in the past week. In the weekly report of Nov. 6, there were 273 active rigs in Permian Basin (up 1 in past week, up 22 or 8.76 percent from 251 a year ago), 277 in Texas (up 2 in past week, […]

Houston-based EagleRock Land said last week it executed an agreement with Double Eagle V for additional acreage dedication of 35,000 acres in Midland Basin and closed on two bolt-on acquisitions in Midland Basin of about 2,000 acres. Total value of the deals was $15.4 million. The Double Eagle dedication covers acreage in Glasscock and Midland […]

Dallas-based Matador Resources said last week total production for third quarter was 230,470 boed – 10 percent higher than 2025Q3 and 3 percent above 224,000 boed midpoint of guidance. Oil volumes reached 132,019 b/d in 3Q (guidance 128,500 b/d to 130,500 b/d). Matador said increased output came from new wells turned to sales during the […]

Midland’s Diamondback Energy last week reported third quarter daily production of 1,034,000 barrels of oil equivalent and raised 2026 guidance to 1,015,000 boed (up from 1,000+). Oil production in 3Q was 525,000 b/d, and Diamondback said 2026 guidance is 524,000 b/d (up from 522,000 b/d). And cash capital expenditures for 2026 are expected to be […]

East Daley Analytics said rising natural gas demand from Gulf Coast pipeline expansions and gas-fired power generation for data centers could transform Permian Basin from a region known for gas constraints into one that may face a gas shortage.  At a webinar Oct. 28, according to American Oil & Gas Reporter, “The company’s analysis considers […]

Findlay, Ohio-based MPLX said Tuesday proceeds from the sale of its St. Paul Park and Mandan refineries and associated logistics will be used to support the company’s growth plans in Permian Basin and Marcellus.  MPLX is investing $2.9 billion of organic growth capital toward opportunities to meet global demand for U.S. energy with more than […]

The newest member of the Railroad Commission of Texas is Jon Rosenthal, 63, a Democrat in the Texas House of Representatives who represents northwest Houston, Cypress and Jersey Village.  He defeated Republican nominee Bo French in Tuesday’s general election to become the first Democrat on the commission since 1990.  Rosenthal, former oilfield engineer who won […]