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 […]

Count of active drilling rigs in U.S. was unchanged in the past week after the addition of 3 gas-directed rigs and the loss of 3 oil-directed rigs left the total count at 551 active rigs for the second week in a row.  Baker Hughes said in its weekly report of Feb. 13 the count declined […]

U.S. Energy Information Administration said the nation’s natural gas marketed production is forecast to increase 2 percent to average 120.8 Bcfd this year and then increase again in 2027 to 122.3 Bcfd.  About 69 percent of the forecast total production in the next 2 years is expected to come from Permian, Appalachia and Haynesville. In […]

U.S. Energy Information Administration said Henry Hub spot prices for natural gas averaged $7.72 per million BTU in January.  That’s an increase of 81 percent from December because of “increased heating demand, reduced production and large inventory withdrawals as winter storm Fern blanketed a large portion of the U.S.”  In its short-term energy outlook released […]