The active number of drilling rigs in the United States jumped by 11 this week mainly in the Permian Basin, according to...
Oil company BP PLC, working with Morgan Stanley, is considering an acquisition of some of BHP Billiton Ltd.’s energy assets, Bloomberg reports,...
Sam Karlin with The Advocate, recently reported that Marathon Oil has acquired more than 250,000 net acres in several new plays, among...
Tecolote Energy, LLC, (“Tecolote”) a private oil and gas exploration and production company based in Tulsa, OK, announced on May 1st, record...
Oklahoma City-based and U.S. oil and gas producer Devon Energy Corp (DVN.N) raised its annual production forecast on Tuesday, saying it expected total...
The 2018 Oklahoma NARO convention is being held in Oklahoma City, with topics on mineral management, estate planning, and lease negotiations. Activities...
Story by Oseberg.io Mergers & Acquisitions: Staying on top of the major deals is easy… In our industry, staying on top of...
Marathon Petroleum merges with Andeavor Marathon Petroleum Corp (MPC.N) agreed to buy rival Andeavor (ANDV.N) for more than $23 billion in the...
Rig Count: The Cana Woodford Basin in Oklahoma added nine rigs over the week. The U.S. oil drilling rig count rose for...
As far back as I can remember I’ve always heard that as a mineral owner you always want to take the highest...
Operators are set to expand beyond core acreage in 2026, targeting appraisal zones to secure long-term inventory for power generation and LNG exports. Wood Mackenzie’s latest outlook identifies the Western Haynesville, southwest Eagle Ford, and deep Pennsylvania Utica as prime targets for increased wildcatting. While the Western Haynesville is projected to deliver significant volumes by 2035, the industry landscape is increasingly bifurcating into two commodities.
Oil-focused regions face headwinds, with total Lower 48 oil production expected to stall for the first time since the pandemic. Despite this, core Permian zones, including the Delaware and Midland Wolfcamps, are forecast to generate over 50% of U.S. onshore liquids next year. Efficiency gains remain a key driver, allowing operators like Diamondback Energy to maintain output despite a projected drop in the horizontal rig count to below 500.
Conversely, the M&A market is pivoting toward gas-weighted opportunities following a lackluster 2025. International players are expected to enter the fray, seeking physical hedges against LNG export volumes. As Permian-associated gas rises and dedicated gas plays accelerate, the market anticipates a firm floor under long-term pricing, driven by strategic capital chasing supply security.

by Andreas Exarheas|RigZone.com| In a statement sent to Rigzone late Wednesday, U.S. Geological Survey...
The history of the global oil and gas industry is inextricably linked to the...
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By Irina Slav for Oilprice.com | The Permian Basin is the largest contributor to U.S....
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