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HomePermian Basin

Permian Basin

Crude Oil News

US Rig Count Falls as Drillers Play it Safe

August 22, 2025 Clark Savage

The U.S. rig count continues its downward trend, reflecting a cautious approach by drillers amid fluctuating oil prices, economic uncertainties, and a focus on capital discipline rather than aggressive expansion. According to the latest data […]

The US Shale is not quite dead yet created by Grok on X
Crude Oil News

Shale Is Not Quite Dead Yet

August 14, 2025 Clark Savage

I have always loved the Monty Python skits, and my favorite is Monty Python and the Holly Grail. The line “I’m not dead yet” is still applicable to the United States shale and dare say […]

Diamondback
Crude Oil News

Diamondback Energy Announces Q2 Earnings and Letter to Stockholders

August 11, 2025 Clark Savage

Diamondback Energy, Inc. (NASDAQ: FANG), a leading independent oil and natural gas company focused on the Permian Basin, released its second-quarter 2025 financial and operating results on August 4, 2025. Alongside the earnings report, the […]

Big Oil Companies

Occidental Sells Permian Assets and Raises $950 Million for Debt Reduction

August 8, 2025 Clark Savage

In a strategic move to bolster its financial position, Occidental Petroleum (Oxy) has announced the sale of select Permian Basin assets, generating approximately $950 million in proceeds earmarked for debt reduction. This divestiture aligns with […]

ExxonMobil
Big Oil Companies

ExxonMobil Q2 Earnings Boosted by Record Permian Output – What should investors look for?

August 1, 2025 Clark Savage

In a challenging energy landscape marked by fluctuating oil prices, ExxonMobil Corporation (XOM) has delivered a robust second-quarter 2025 earnings report, underscoring the strength of its upstream operations. The company’s performance was significantly bolstered by […]

Energy News Beat Rig count created by Grok on X
Crude Oil News

U.S. Rig Count Drops Again, and Is Shale on the Ropes?

July 25, 2025 Clark Savage

The U.S. energy sector continues to face headwinds as the latest data from Baker Hughes reveals another decline in the national rig count. As of July 25, 2025, the total U.S. rig count stands at […]

Harmony platform; Source: Sable Offshore
Big Oil Companies

Goldman Says the Boom Years of U.S. Oil Output Growth Are Over, But Are They?

July 17, 2025 Clark Savage

The U.S. oil industry has been a powerhouse of global energy production for over a decade, largely fueled by the shale revolution and the explosive growth in the Permian Basin. However, a recent analysis from […]

Coal

Can President Trump Take Control of California’s Oil Refineries?

July 14, 2025 Andy Del Prado

Daily Standup Top Stories Can President Trump Take Control of the California Refineries to Stop a National Security Crisis? What would the policial fall out be? Stu Turley Trump’s Push for New Oil and Gas […]

Energy News Beat Rig Count - Created by Grok on X
Crude Oil News

United States Oil Rigs Continue Downward Trend Amid Price Uncertainty

July 12, 2025 Clark Savage

The U.S. oil and gas industry is witnessing a persistent decline in active drilling rigs, reflecting ongoing market uncertainties and volatile oil prices. According to the latest data from Baker Hughes, the total number of […]

Big Oil Companies

Why the World Needs Trillions to Keep Oil and Gas Flowing?

July 9, 2025 Andy Del Prado

Daily Standup Top Stories Shell and TotalEnergies Boosting Oil and Gas Output in Nigeria: A Global Trend with Financial Implications July 8, 2025 Clark Savage The global energy landscape is witnessing a resurgence in oil and […]

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