Permian Basin
News
August 29, 2025
Texas Railroad Commissioner Wayne Christian on Friday praised a new report showing that operators in the Permian basin have reduced methane intensity by 50 percent since 2022, even as oil and natural gas production surged to historic highs.
News
August 25, 2025
Crescent Energy today announced a definitive agreement to acquire shale rival Vital Energy in an all-stock transaction valued at approximately $3.1 billion. The merger positions Crescent as a top 10 independent producer, with a scaled and focused asset portfolio across the Eagle Ford, Permian and Uinta Basins.
News
August 19, 2025
"We’re active in the Permian, but we also look for opportunities in areas like the Barnett shale, where competition is lower, pricing can be more favorable, and the right deals can deliver strong, stable returns,” said Rising Phoenix's CEO.
News
August 15, 2025
TechTAC® has secured a U.S. patent for its Slimline® QuickSet™ Tubing Anchor Catcher (TAC). The reduced revolutions required to set the Slimline QuickSet TAC allows petroleum engineers and operators more flexibility in the design and deployment of their downhole production strings.
News
August 07, 2025
Occidental has raised $950 million through recent Permian asset sales and repaid $7.5 billion in debt since July 2024, continuing its post-CrownRock strategy to streamline operations and strengthen its balance sheet.
News
July 28, 2025
Enterprise Products Partners LP, one of the largest pipeline operators in the Permian basin, sees oil production in the region holding up this year despite an expected drop in crude prices.
News
July 24, 2025
The methane intensity of oil and gas production in the Permian basin declined by more than 50% during the 2022-2024 period according to a new analysis by S&P Global Commodity Insights.
News
July 18, 2025
Citing the latest report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) indicated a decrease in upstream employment in Texas in June following two months of consecutive job growth.
News
July 17, 2025
Chevron is cutting drill rigs and frac crews in the Permian basin as it approaches its long-term target of producing 1 million boed in the region. “We’re going from growth to cash generation," said Bruce Niemeyer, who heads up Chevron's shale business.
News
July 16, 2025
Activity is slowing in U.S. oil fields as drillers remain in the crude-price danger zone for profits, according to one of the biggest investors of private operators in the shale patch.
News
July 10, 2025
Mach Natural Resources today announced its expansion into the Permian and San Juan basins with two acquisitions valued at a total of $1.3 billion. The assets purchased from Sabinal Energy and IKAV Energy will nearly doubles Mach’s production from 81 Mboed to approximately 152 Mboed, the company said in a news release.
News
July 02, 2025
U.S. shale executives expect to drill significantly fewer wells this year than planned at the start of 2025, as lower oil prices and uncertainty around President Donald Trump’s tariffs hurt profits, according to a Federal Reserve Bank of Dallas survey.
News
June 25, 2025
Texas Railroad Commissioner Wayne Christian announced the launch of the Delivering Oil and Gas Efficiently (DOGE) Task Force today, a new internal initiative focused on improving processes, enhancing communication, and strengthening the Railroad Commission of Texas as a responsive, pro-business agency.
News
June 20, 2025
According to TIPRO’s analysis, direct Texas upstream employment for May totaled 208,200, an increase of 2,200 industry positions from April employment numbers, subject to revisions. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction.
News
June 11, 2025
During a June 10 special session at the Unconventional Resources Technology Conference (URTeC) in Houston, panelists discussed the latest advancements in Generative AI and machine learning for unconventionals.
News
June 03, 2025
Viper Energy Inc., the mineral and royalty unit of Diamondback Energy Inc., agreed to buy Sitio Royalties Corp. for about $4.1 billion, including debt, in the latest deal focused on the Permian basin.
News
May 29, 2025
Chevron plans to lay off approximately 200 employees in the Permian basin, the company announced in a filing with the Texas Workforce Commission. The TWC had mistakenly reported the number as 800 due to a data entry error, and it has since been corrected.
News
May 22, 2025
Texas regulators are warning that wastewater from fracing in the biggest U.S. oil basin is causing a “widespread” increase in underground pressure — a development that risks hindering crude output and harming the environment.
News
May 19, 2025
One X has acquired United Energy Partners in a move that accelerates One X’s strategy to become the go-to field partner for high-efficiency, low-maintenance, service-less valve systems across the Lower 48.
News
May 19, 2025
Utilizing scientific and engineering analysis, the Railroad Commission of Texas has issued new guidelines that further strengthen permitting of disposal wells in the Permian 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.
