Dallas-based Matador Resources last week reported improved well performance and cost efficiencies through large-scale batch developments in second half of 2025.  Matador turned to sales a 17-well batch development on its John Callahan unit in the Antelope Ridge asset area in Lea County, N.M.  It’s one of the largest developments in Matador’s history and targets […]

Irving-based ExxonMobil said last week its record 5.0 million oil-equivalent barrels per day of production in 2025 fourth quarter included 1.8 million boed from the Permian Basin.  The surge “is largely attributed to the successful integration of Pioneer Natural Resources, a $60 billion mega-merger finalized in 2024 that more than doubled Exxon’s footprint in the […]

Dallas-based private equity firm Tailwater Capital and its upstream investment platform Tailwater E&P said recently they have acquired a diversified, non-operated leasehold position in northern Delaware Basin in Eddy and Lea counties in New Mexico.  The acquired asset covers about 35,000 gross acres and includes exposure to more than 900 gross wells.  The acreage is […]

Calgary-based Enverus Intelligence Research said last week after a 2025 midyear slowdown, upstream mergers and acquisitions activity regained momentum in fourth quarter.  M&A closed in 4Q with $23.5 billion in announced deals to bring fullyear activity to $65 billion.  Enverus said Jan. 26, “The rebound reflects a deeper bench of motivated buyers including refunded private […]

Rig counts in Texas and the Permian Basin continue to decline in 2026.  Baker Hughes said in its weekly report of Jan. 30 there were 242 rigs in Permian Basin (down 2 in past week, down 61 or 20.13 percent in past year from 303) and 226 rigs in Texas (down 3 in past week, […]

Oklahoma City-based Devon Energy and Houston-based Coterra Energy said Monday they are merging in a $58 billion all-stock transaction to create a shale operator that reportedly ranks second only to ConocoPhillips in lower 48 production.  Devon said headquarters for the combined company will be in Houston (with “a significant presence in Oklahoma City”) with Devon’s […]

A hearing before the Texas Commission on Environmental Quality is scheduled next month in Corpus Christi’s continuing efforts to solve water supply issues.  The Texas Tribune reported Jan. 12 that two main reservoirs for Texas’ eighth-largest city are at historic lows amid an ongoing drought.  According to The Tribune, city officials have told residents they […]

National Gas Intelligence said the Henry Hub daily natural gas spot price reached all-time high averages twice in the final 10 days of January.  NGI said the daily average was a record $28.280 per MMBtu Jan. 23, and then it increased to an average of $30.565 per MMBtu three days later Jan. 26 during winter […]

Employment in U.S. energy services recorded another small decline in December, according to the Energy Workforce and Technology Council.  Using data from Bureau of Labor Statistics, analysis by the council showed that employment in December was 629,372 – down by 184 positions from November.  The December report ended “a year of workforce adjustment, market uncertainty […]

Shelli Myers, manager of regulatory compliance for Austin-based WhiteWater Midstream, last week was elected to a two-year term as chair of the Texas Pipeline Association, the nation’s largest state trade association representing intrastate pipeline operators.  She is the first woman in the TPA’s 42-year history to serve as chair.  Myers was elected Jan. 23 during […]