After a decade of portfolio transformation, Occidental Petroleum president and CEO Vicki Hollub said last week the company will “no longer require transformative acquisitions.  Instead, our teams are focused on what they do best, and that is execution, including cost reduction, capital efficiency and well performance.” Oxy said guidance for 2026 capital spending has been […]

Midland-based WT Oil & Gas and EnviroKlean recently announced the launch of a zero solids recycle system, a next-generation, solids-free produced water recycling system engineered for high-volume oilfield operations in Permian Basin.  It’s designed to process up to 150,000 barrels per day, allow operators to recycle produced water without generating waste solids, and eliminate the […]

Denver-based Ovintiv said last week it agreed to sell its Anadarko assets in Oklahoma to an undisclosed buyer for $3 billion.  The sale includes about 360,000 net acres, which represents substantially all the company’s acreage in the play.  Production to date in February is about 90,000 boed, including 27,000 b/d of oil and condensate, 240 […]

For the first time in 2026, Permian Basin reported an increase in its count of active drilling rigs.  In its weekly report of Feb. 20, Baker Hughes said there were 239 rigs in Permian Basin – up 1 from the previous week but down 65 or 21.38 percent from 304 a year ago. Texas also […]

Fort Worth-based Brazos Midstream last week commissioned Sundance II, the company’s largest cryogenic natural gas processing plant.  Capacity is 300 million cubic feet per day.  Together with Sundance I, which began operations in 2024 with capacity of 200 million cfd, Brazos’ Sundance processing complex in Martin County grows to processing capacity of 500 million cfd […]

New Mexico legislature this week approved a constitutional amendment that will allow the state to pay its lawmakers.  The measure still must be approved by voters in November; if approved it will remove New Mexico as the only state in the nation that does not pay its state senators and representatives.  The prohibition against lawmakers’ […]

Austin-based Enverus, a leading energy software and analytics company, announced this week the launch of Enverus Minerals Marketplace, a centralized, secure platform that connects buyers and sellers of mineral and non-operated interests.  Enverus said Marketplace supports private, one-to-one engagement between buyers and sellers through in-app live chat within a secure environment.  Marketplace is supported by […]

Fort Worth-based Brazos Midstream said last week its subsidiary Brazos Midland completed expansion of its senior credit facility to $1.1 billion from $225 million in commitments from a syndicate of banks.  The funds will support the ongoing expansion of Brazos’ natural gas gathering and processing system in the Midland Basin. William Butler, CFO, said Feb. […]

Oklahoma City-based Devon Energy said this week in its 2025Q4 financial and operational report that production averaged 851,000 boed to exceed top end of guidance.  The result was driven by better-than-expected well performance primarily in the Delaware Basin.  Oil totaled 390,000 barrels per day in 4Q.  Devon exited 2025 with estimated proved reserves of 2.4 […]

Appalachia has supplied the largest share of natural gas production in lower 48 in recent years, but growth has slowed because of pipeline constraints.  FERC authorized the Mountain Valley pipeline to begin operations in 2024 to add new takeaway capacity.  U.S. Energy Information Administration said Feb. 13 that production in Appalachia is expected to increase […]