Permian Basin
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.
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 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 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’s 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’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a U.S. oil boss.
