Production
News
March 17, 2026
Buccaneer Energy has acquired a 100% working interest in the Carlisle-1 well in East Texas, adding immediate oil production, increasing output to 155 bopd and strengthening its position in the Pine Mills field and planned waterflood development.
News
March 16, 2026
Texas Railroad Commission Chairman Jim Wright said Texas oil and natural gas production remains strong in a letter to President Donald Trump, emphasizing the state’s role in supplying U.S. energy and supporting national security.
News
March 16, 2026
Monumental Energy has restarted commercial oil production from the Waihapa H1 well in New Zealand’s Taranaki basin, with seven perforations in the Mount Messenger formation delivering strong oil flow and associated gas production.
News
March 16, 2026
TotalEnergies says Middle East conflict has forced shutdowns of offshore production in Qatar, Iraq and the UAE, affecting roughly 15% of its global output.
News
March 15, 2026
California officials have ordered Sable Offshore to remove a segment of the Santa Ynez Pipeline crossing Gaviota State Park, escalating a dispute days after the Trump administration directed the company to restart offshore oil operations.
News
March 14, 2026
The Trump administration has ordered Sable Offshore to restore operations at California’s Santa Ynez offshore oil unit and pipeline system under the Defense Production Act, a move aimed at boosting West Coast crude supply and reducing reliance on imported oil.
News
March 13, 2026
U.S. marketed natural gas production reached a record 118.5 Bcf/d in 2025, according to the EIA. Growth was led by the Appalachia, Permian and Haynesville regions, which together accounted for more than two-thirds of total U.S. gas output.
News
March 13, 2026
OPEC crude output rose by 640,000 bpd as Saudi Arabia increased production ahead of escalating tensions with Iran, according to a survey. The surge came just before tanker flows through the Strait of Hormuz were disrupted by regional conflict.
News
March 09, 2026
S&P Global warns the Iran conflict is evolving from a shipping disruption into a full-scale supply crisis, with roughly 17 MMbpd of oil and products affected as the Strait of Hormuz remains effectively shut.
News
March 09, 2026
Saudi Arabia has begun cutting oil production as the Strait of Hormuz disruption stalls exports, forcing the kingdom to divert shipments to Red Sea terminals while storage capacity tightens across Gulf producers.
News
March 09, 2026
Oil prices surged above $100 a barrel as Saudi Arabia and other Gulf producers cut output amid the near-closure of the Strait of Hormuz, with tanker traffic halted and storage tanks filling across the Persian Gulf.
News
March 05, 2026
Monumental Energy reported initial oil production from the Ngaere-1 workover well in New Zealand’s Taranaki basin after perforating a previously bypassed pay zone, with the well stabilizing near 120 bopd.
News
March 04, 2026
Crude storage tanks across the Middle East are rapidly filling as exports through the Strait of Hormuz remain blocked, raising the risk that major producers may be forced to cut output if shipments do not resume soon.
News
March 01, 2026
OPEC+ will add 206,000 bpd of oil production in April as Middle East tensions escalate following strikes on Iran, raising concerns over potential disruptions to Strait of Hormuz crude flows.
Article
February
Is petroleum coke the next big proppant innovation—or a rediscovered idea? This column explores how legacy concepts like petcoke and other lightweight materials are re-emerging in modern fracturing designs, highlighting the technical merits, cost advantages and historical context behind today’s “new” production technologies.
Article
February
Can Venezuela rebuild its oil sector without repeating the mistakes of the past? In this Executive Viewpoint, Texas Railroad Commissioner Wayne Christian argues that a transparent, market-driven regulatory model—not OPEC-style centralized control—offers the most credible path to restoring investment, stability and long-term production growth in the world’s largest resource base.
Article
February
While the U.S. market remains flat, international E&P remains a source of optimism, with a number of large-scale and long-term projects under way in some places. Out of eight regions, seven will have increased drilling during 2026. Offshore activity will again fare better than onshore work, particularly in deepwater plays.
News
February 20, 2026
Ecopetrol reported 1.94 Bboe in proved reserves at year-end 2025 and a 121% reserve replacement ratio, driven by enhanced recovery projects and improved field performance across key Colombian assets. The company’s average reserve life now stands at 7.8 years.
News
February 19, 2026
TIPRO has launched the Power Texas program with Arise Energy, offering Texas oil and gas operators access to competitive electricity procurement tools as power demand and electrification drive higher operating costs across the state.
News
February 18, 2026
Expand Energy posted strong fourth-quarter results and is targeting higher gas output in 2026, as the U.S. producer ramps Haynesville activity, boosts cash flow and continues debt reduction while positioning for rising LNG-driven demand.
News
February 18, 2026
Occidental reported strong fourth-quarter 2025 production and cash flow, exceeded output guidance and reduced debt following its OxyChem sale, reinforcing its Permian-focused portfolio and balance sheet strength.
