Drilling activity continued to slump during the final week of May, led by a decline in Texas activity. Drilling is also being undercut by uncertain commodity prices and oil and gas producers’ continued focus on […]
Consider this fact: Three of every five barrels of crude oil produced in the U.S. are exported, either as crude oil or in the form of gasoline, diesel, jet fuel or other petroleum products. Sure, […]
Having returned to activity in the Permian Basin last year, Marathon Oil Corp. reports that production here is already rivaling that of the Bakken and Eagle Ford formations. Lee Tillman, who is president, CEO and chairman of […]
Oil drilling is collapsing in the US as producers rein in output, mirroring a recent plunge in rigs searching for natural gas. Rigs targeting crude declined by 11 to 575 this week, according to data […]
Matador Resources (NYSE:MTDR) and Permian Resources (NYSE:PR) have resolved Clean Air Act violations by agreeing to lower emissions of methane and other pollutants, the Environmental Protection Agency said Tuesday. Matador (MTDR) agreed to pay $6.2M in fines and […]
A sale of New Mexico’s public land to the oil and gas industry was expected in May with lands going to auction throughout the Permian Basin in the southeast corner of the state. The auction scheduled […]
Riding a level of oil and natural gas prices not seen in at least eight years, Texas oil and gas producers enjoyed a banner year in 2022 and in return contributed record amounts to not […]
The traditional oil and gas facilities it bought in the Texas oil field were sending more greenhouse gases into the atmosphere than those of its Permian peers. Now, BP is upgrading those traditional well sites with more […]
ExxonMobil and Chevron each foresee a bit lower respective Permian Basin production profiles for 2022 than earlier stated, although both are still running high volumes of several hundred thousand barrels a day apiece of oil […]
While U.S. natural gas futures gained more than 4% on Monday, natural gas in the Waha part of the Permian Basin was falling and trading close to zero, traders told Bloomberg on Monday. Flourishing natural […]
Copyright © 2026 | Sandstone Group