Oslo-based research firm Rystad Energy said Tuesday U.S. natural gas production is expected to reach a record high of 100 billion cubic feet per day “in the coming months.”  Rystad said production growth in major U.S. gas-producing basins Appalachia and Haynesville along with associated gas production in Permian will stretch the nation’s lead over Russia, […]

Count of active drilling rigs remained unchanged in the previous week in Permian Basin with 350 rigs (238 year ago), according to Baker Hughes, but Texas added 4 rigs.  As of July 15, there were 365 rigs in Texas (361 previous week, 222 previous year), 110 in New Mexico (112 previous week, 75 previous year) […]

Crude oil production in seven major regions of U.S. is forecast by U.S. Energy Information Administration to reach 9 million barrels a day in August.  In its drilling productivity report of July 18, EIA said production in seven regions will increase by 135,000 b/d from July to reach 9.068 million b/d in August.  Permian is […]

Houston-based investment firm Pickering Energy Partners said last week it will partner with investors and operators to acquire and develop oil and gas interests in Permian Basin by investing at least $300 million over the next two years.  Dan Pickering, CIO, said July 14, “We are excited to invest across the Permian Basin and play […]

Houston-based Breakwater Energy Partners said last week it is expanding its Big Spring recycling system in Howard and Martin counties in Midland Basin with two additional multi-year produced water offtake and recycling agreements.  The Big Spring system, one of the largest recycling networks in Permian Basin, recycles more than four million barrels of produced water […]

A new study by researchers at University of Texas that links oil and gas production in Delaware Basin to an increasing number of earthquakes may help oil and gas producers and regulators identify potential risks so they can adjust production and disposal activity to decrease risks.  Researchers analyzed about 5,000 earthquakes above magnitude 1.5 from […]

Oilfield services companies operating in Texas added 2,142 jobs in June for a total of 308,553, according to an analysis of federal preliminary data from Energy Workforce and Technology Council.  Houston Chronicle said the industry in Texas added jobs for the eighth straight month.  Across the nation about 5,000 jobs were added in the industry […]

Permian Basin, Texas and U.S. posted small gains in counts of active oil and gas drilling rigs in the previous week, according to the July 8 report from Baker Hughes.  Texas and Louisiana were the only states to add rigs onshore last week.  Baker Hughes said there were 350 rigs in Permian Basin (349 week […]

State of Texas received record amounts of revenue in June from taxes on production of crude oil and natural gas, according to comptroller Glenn Hegar.  “State sales tax collections surged in June, outpacing inflation, with strong growth in receipts from all major economic sectors,” Hegar said July 1.  Majority of June sales tax revenue is […]

Energy companies submitted bids totaling more than $22 million for drilling rights on about 110 square miles of federal lands in seven western states last week.  It was the first sale of onshore leases since President Biden took office in January 2021.  About 200 square miles of public lands in eight states had been offered, […]