As the U.S. shale revolution has grown it has simultaneously battered Canada’s energy industry in recent years, ending two decades of rapid...
OKLAHOMA CITY – Devon Energy is laying off approximately 300 people, the company announced Tuesday. On Tuesday, Devon Energy sent out...
Oklahoma City’s SandRidge Energy Inc. said on Monday it would evaluate any offer to buy the company from top shareholder Carl Icahn...
Texas’s energy regulators issued fewer new drilling permits in March than a year ago, but well completions rose, according to data released...
A Wyoming federal court judge suspended the Bureau of Land Management’s controversial venting and flaring policy this week, dealing a setback to...
US Rig Count Soars Up +10, OKLA +5 Oil futures closed much lower Friday, weighed down by rising trade tensions between the...
In February of this year QEP announced strategic initiatives to transition to a pure-play Permian Basin company, reported fourth-quarter and full-year 2017...
Collin Eaton with The Houston Chronicle penned a good article on the influence of private equity in the oil and gas business, titled...
The data in this story is provided by Oseberg, a next-generation oil & gas information and data analytics company that offers a compelling...
U.S. crude oil production rose by 6,000 barrels per day (bbl/d) in January to 9.964 million bbl/d, the Energy Information Administration (EIA)...
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...
Santa Fe, NM – New Mexico Attorney General Raúl Torrez filed a lawsuit on...
Japan Petroleum Exploration Co Ltd has spent decades quietly building an international upstream portfolio,...
🎄The holiday season exposes how tight diesel markets really are. ⛽️Diesel demand during Christmas...
The Energy as a Service (EaaS) market is projected to double to over $55...
The oil and gas sector enters 2026 navigating a more turbulent trade and policy...
By Irina Slav for Oilprice.com | The Permian Basin is the largest contributor to U.S....
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