Fort Worth-based Total Sand Solutions recently acquired Midland’s Sand Revolution, which provides trucking, logistics and delivery solutions in Permian Basin in west Texas and Eagle Ford Shale in south Texas.  Total Sand said it now becomes “the largest independent logistics provider in the country with the capacity to deliver over 25 million tons of proppant […]

U.S. Energy Information Administration said the U.S. average retail price of regular gasoline fell below $3 per gallon Dec. 1.  According to data from its Gasoline and Diesel Fuel Update, EIA said the average price fell to $2.98 per gallon – the lowest since February 2021 adjusted for inflation. EIA said the falling price of […]

According to a recent report in OilPrice.com, 12 projects for new or expanded natural gas pipelines are scheduled to be completed in Texas, Louisiana and Oklahoma in 2026.  The projects will boost capacity to transport natural gas in the Gulf Coast region by 13 percent.  The report issued Nov. 23 said, “U.S. natural gas supply […]

Spring, Texas-based ExxonMobil said Tuesday its plan for 2030 includes double production in Permian Basin compared to 2024.  ExxonMobil officials said “due to its deep technology pipeline and efficiency gains,” production will grow to 2.5 million boed by 2030 – 200,000 boed more than a previous forecast and an increase of more than 45 percent […]

After a loss of 10 active drilling rigs last week, U.S. reversed the decline by adding 5 in the latest report from service firm Baker Hughes.  In its weekly report of Dec. 5, Baker Hughes said there were 549 rigs in U.S. – up 5 from the 544 of last week but down 40 or […]

Melanie Kenderdine, secretary of New Mexico’s Department of Energy, Minerals and Natural Resources Development, resigned Dec. 5, according to the capital bureau of the Albuquerque Journal.  She reportedly resigned for personal reasons as Gov. Michelle Lujan Grisham approaches her final year in office.  Grisham said, “Melanie brought national energy expertise to New Mexico, and I’m […]

Houston-based Chevron said last week Permian Basin accounted for 51 percent of its U.S. activity in 2025 and about one-third of its 2026 upstream budget of $17 billion will be directed to U.S. shale.  Mike Wirth, chairman and CEO, said Dec. 3, “Our 2026 capital program focuses on the highest return opportunities while maintaining discipline […]

Permian Basin accounted for most of the growth in production of associated natural gas in the U.S. in 2024, according to U.S. Energy Information Administration.  Production of associated natural gas in Permian Basin increased in 2024 by 8 percent to 12.5 Bcfd and accounted for 47 percent of Permian’s total natural gas production.  U.S. production […]

Only ExxonMobil and EOG Resources among the top 10 operators in the U.S. report more active drilling rigs now than one year ago.  Enverus said in its Drilldown Report of Dec. 2 that ExxonMobil continues to lead U.S. operators with 37 working rigs as of Nov. 28 with a weekly average of 36.3 rigs (35.3 […]

Oklahoma City-based Riley Exploration Permian said Thursday it sold its natural gas gathering infrastructure in New Mexico to Targa Northern Delaware for about $111 million cash.  The acquired asset, subsidiary Dovetail Midstream, consists of infrastructure serving producers in Eddy County in southeastern New Mexico in Permian Basin. The agreement also provides for the sale of […]