Permian Basin
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鈥檚 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鈥攃ombined with the global reordering of tariffs and trade relations being invoked by President Donald Trump鈥攆orce an end to the long period of sustained growth seen in the region since the advent of the Shale Revolution?聽
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鈥檚 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鈥檚 3-Clicks Digital Strategy in collaboration with B4ECarbon鈩.
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.
News
April 15, 2025
U.S. Energy Development Corporation (USEDC), a Fort Worth-based exploration and production company, has acquired ~20,000 net acres in the Permian basin. The position includes a substantial proved producing component and multi-year drilling inventory.
News
April 09, 2025
The market rout sparked by President Donald Trump鈥檚 trade war is touching almost every part of the economy. But there are probably few industries feeling more aggrieved right now than U.S. shale oil.
News
April 07, 2025
A top executive at Diamondback Energy Inc. called on President Donald Trump鈥檚 administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a U.S. oil boss.聽
News
April 04, 2025
The Railroad Commission of Texas this week released preliminary data on statewide oil and gas production for the month of January 2025. The figures for this month reflect output from 158,555 oil wells and 83,176 gas wells.
News
April 04, 2025
The Railroad Commission of Texas on Friday released its figures for March drilling in the state, showing a noticeable gain over the previous month鈥檚 number. The overall figure also tied the level achieved in January.
News
April 03, 2025
TIPRO has published a new report highlighting the continued success of oil and natural gas producers in the U.S., Permian basin and Texas in maintaining low emissions despite record oil and gas production levels. The report is part of TIPRO's "Texans for Natural Gas" campaign.
News
April 02, 2025
RPC, Inc. has acquired Pintail Completions for approximately $245 million, subject to customary post-closing adjustments. Pintail is headquartered in Midland, Texas and is a leading provider of oilfield wireline services in the Permian basin.
Article
March 2025
Atlas Energy Solutions delivered 100 loads of proppant as the first semi-truck customer to make driverless deliveries with its own RoboTruck fleet. Atlas concurrently launched the Dune Express, a 42-mi autonomous conveyor system that delivers sand to the firm鈥檚 autonomous RoboTrucks.聽聽
News
March 27, 2025
The Railroad Commission of Texas (Texas RRC) reported record-setting volumes in 2024 for both oil and natural gas in the state. "These latest records further demonstrate Texas鈥檚 position as a global leader in oil and gas production,鈥 said RRC Chairman Christi Craddick.
News
March 13, 2025
(WO) - With the general sense of excitement about U.S. production carrying over from panels earlier in the week, ExxonMobil鈥檚 panel on operations in the Permian basin convened with great enthusiasm during day three of CERAWeek 2025 by S&P Global.
News
March 07, 2025
Caterpillar Oil & Gas has developed its new Caterpillar庐聽Gas Mechanical System (GMS), a fully integrated power solution, purposefully built to bring optimum mechanical efficiency and simplicity to frac operations, while utilizing 100% natural gas.
News
February 25, 2025
Diamondback Energy Inc. is in talks to form a power joint venture that would solve some of the shale giant鈥檚 own needs in the Permian Basin while also selling electricity to artificial intelligence data centers in West Texas.
News
February 24, 2025
Atlas Energy Solutions has completed its previously announced acquisition of Moser Energy Systems. The addition of Moser to Atlas鈥 existing businesses strengthens its portfolio of proppant, logistics (including the Dune Express), and distributed power solutions.
News
February 20, 2025
Ecopetrol SA sees 鈥済reat potential鈥 for E&P activity in Colombia alongside bets on U.S. fracing and offshore gas.聽Ecopetrol has full ownership of the CPO-09 block in Colombia's oil-rich eastern plains after completing its $452 million acquisition of Repsol SA鈥檚 45% stake.