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HomePermian Basin

Permian Basin

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Crude Oil News

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion: Implications for Investors and the Permian Basin’s Future

February 21, 2026 Clark Savage

In a move that underscores the ongoing consolidation and optimization in the U.S. oil industry, ConocoPhillips (COP) is reportedly exploring the sale of certain assets in the Permian Basin valued at approximately $2 billion. This […]

AI

Liberty Energy Secures 330MW Power Deal to Support Data Center Expansion in Texas

February 6, 2026 Clark Savage

In a significant move highlighting the growing intersection between traditional energy services and the booming data center industry, Liberty Energy has inked a 330MW power reservation and preliminary Energy Services Agreement (ESA) with an undisclosed […]

Crude Oil News

Devon and Coterra to Create Shale Giant in $58-Billion Merger

February 2, 2026 Clark Savage

In a landmark move shaking up the U.S. shale industry, Devon Energy Corporation (NYSE: DVN) and Coterra Energy Inc. (NYSE: CTRA) have announced an all-stock merger valued at approximately $58 billion in combined enterprise value. […]

Big Oil Companies

Largest Power Project In US Approved For West Texas Amid Gas Plant And Data Center Buildout

January 31, 2026 Clark Savage

In a landmark development for the U.S. energy sector, Pacifico Energy has secured approval for its GW Ranch project in Pecos County, West Texas. This 7.65 gigawatt (GW) gas-fired power campus, combined with 1.8 GW […]

Crude Oil News

US Oil Drilling Adds 2 Rigs This Week, But Down 36 Over Last Year

January 31, 2026 Clark Savage

By Stuart Turley, Energy News Beat January 31, 2026 The latest Baker Hughes rig count report, released on January 30, 2026, shows a modest uptick in U.S. drilling activity with the total rig count climbing […]

Crude Oil News

USGS Unveils Massive Undiscovered Oil and Gas Resources in Texas’ Permian Basin

January 17, 2026 Clark Savage

In a groundbreaking assessment that underscores the enduring potential of America’s energy heartland, the U.S. Geological Survey (USGS) has revealed significant undiscovered oil and gas resources in the Woodford and Barnett shales within the Permian […]

Crude Oil News

U.S. Total Rig Count Down One This Week With Production Also Down

January 17, 2026 Clark Savage

The U.S. oil and gas industry saw a slight decline in drilling activity this week, with the total rig count dropping by one to 543, according to the latest data from Baker Hughes. This continues […]

Big Oil Companies

Oil and Venezuela: Insights from Former Rep. Jason Isaac on Trump’s Bold Energy Move

January 9, 2026 Clark Savage

In a recent appearance on Fox & Friends First, former Texas State Representative and current CEO of the American Energy Institute, Jason Isaac, shared his expert insights on President Donald Trump’s upcoming meeting with oil […]

US May Hold Oil Pricing Sway - Source ENB
Big Oil Companies

US May Now Hold Pricing Sway Over Oil After Maduro Capture

January 6, 2026 Clark Savage

In a dramatic turn of events on January 3, 2026, U.S. forces captured Venezuelan President Nicolás Maduro, sparking immediate reactions across global markets. President Donald Trump has vowed to involve American firms in reviving Venezuela’s […]

Big Oil Companies

US Oil Rig Count Stages A Comeback After Last Week’s Losses

December 6, 2025 Clark Savage

The US oil and gas sector showed signs of resilience this week, with the total active rig count rebounding by 5 to reach 549 as of December 5, 2025, according to the latest data from […]

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