U.S. Onshore
News
May 16, 2025
Occidental has entered into an agreement with ADNOC’s XRG to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part of the joint venture, XRG will consider investing up to $500 million.
News
May 09, 2025
BKV Corporation has formed a strategic joint venture with Copenhagen Infrastructure Partners (CIP), on behalf of its Energy Transition Fund I, to expand BKV’s portfolio of carbon capture, utilization and sequestration (CCUS) projects.
News
May 09, 2025
Thailand officials have discussed potential involvement in a $44 billion Alaska gas pipeline project through investments in gas exploration and production and related infrastructure with project officials, the Ministry of Energy said in a statement on Thursday.
News
May 07, 2025
Permian Resources has agreed to acquire core Delaware basin assets from APA Corp in a $608 million deal. The assets include 13,320 net acres, 8,700 net royalty acres and 12,000 boed, significantly expanding Permian Resources' New Mexico footprint.
News
May 07, 2025
A federal jury in the Southern District of Texas has ruled in favor of Marathon Oil in a high-stakes natural gas trading dispute stemming from Winter Storm Uri. The jury rejected a $123.7 million breach-of-contract counterclaim filed by Koch Energy Services.
News
May 07, 2025
Zephyr Energy has announced successful initial results from the production test on the State 36-2 LNW-CC-R well at the company's flagship project in the Paradox basin, Utah.
News
May 02, 2025
Rising Phoenix Capital, an oil and gas investment firm, have announced a strategic purchase of mineral interests in Ector and Midland Counties, TX, operated by ConocoPhillips. The transaction strengthens the firm’s growing position in the core of the Midland Basin.
News
May 02, 2025
Exxon Mobil Corp. and Chevron Corp. are likely to shoulder more of the Permian basin’s oil growth as independent producers cut back in response to U.S. President Donald Trump’s trade war and supply increases from OPEC+, which have caused oil to drop nearly 18% since April 1.
News
April 30, 2025
Woodside has signed an agreement with bp for the integrated energy major to supply natural gas to the Louisiana LNG project. Woodside’s CEO Meg O’Neill said the agreement marks another milestone for the Louisiana LNG project.
News
April 29, 2025
Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (MMtpa) Louisiana LNG development. Woodside is targeting first LNG in 2029.
Article
April 2025
Buffeted by an array of external factors and rising operational challenges, the Permian basin stands at a crossroads in 2025. Can the world’s busiest and most prodigious onshore oil and gas region remain the major driver of U.S. energy security into the future, or will an increasingly unfavorable set of market conditions—combined with the global reordering of tariffs and trade relations being invoked by President Donald Trump—force an end to the long period of sustained growth seen in the region since the advent of the Shale Revolution?
News
April 28, 2025
Flotek has acquired power generation assets and related intellectual property from ProFrac GDM, a subsidiary of ProFrac, for $105 million. Flotek concurrently entered into an agreement for a six-year dry lease of the acquired assets with ProFrac GDM.
News
April 28, 2025
Woodside Energy Group Ltd. is in talks with the overseas unit of Kuwait Petroleum Corp. for selling a stake in its proposed liquefied natural gas export project in the U.S., according to people with knowledge of the matter.
News
April 25, 2025
APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska's North Slope.
News
April 24, 2025
Texas shale-oil company Matador Resources Co. plans to drop one of its nine drilling rigs by the middle of the year in response to plunging crude prices. Matador is the first significant shale company to announce it’s cutting back on drilling since crude futures began nosediving earlier this month.
News
April 23, 2025
Last Mile Production, LLC, an independent oil and gas operator in West Texas, has reported transformative results following the deployment of Enovate AI’s 3-Clicks Digital Strategy in collaboration with B4ECarbon™.
News
April 23, 2025
ExxonMobil has announced an agreement with Calpine Corporation, the nation’s largest producer of electricity from natural gas, to transport and permanently store up to 2 Mmtpa of CO2 from Calpine’s Baytown Energy Center near Houston.
News
April 22, 2025
Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The West Texas assets had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil).
News
April 18, 2025
U.S. marketed natural gas production remained relatively flat in 2024, growing by less than 0.4 billion cubic feet per day (Bcf/d) compared with 2023 to average 113 Bcf/d, according to the U.S. Energy Information Administration's (EIA) latest report.
News
April 18, 2025
Kodiak Gas Services has started construction on a new training facility and an operations base in West Texas, strengthening its dedication to operational excellence and employee development in the Permian basin.
News
April 17, 2025
U.S. crude oil production grew by 270,000 barrels per day (bpd) in 2024 to average 13.2 million bpd, according to a new report from the U.S. Energy Information Administration (EIA). Almost all the production growth came from the Permian region.
