EIA raises 2026 oil supply gap outlook, sees 2027 surplus
EIA now forecasts a larger oil market crunch in 2026 and a bigger glut in 2027 than in its August short term energy outlook.
Entries by Ranger Land and Minerals
Texas reviews new rules for long-inactive oil and gas wells
A legislative committee will hear from the Texas Railroad Commission Tuesday as it updates rules for inactive oil and gas wells.
U.S. natural gas production and demand set for record growth
U.S. natural gas production and consumption are projected to reach record highs in 2026 and 2027, driven by rising demand.
Hormuz vessel strike puts focus on energy shipping and prices
Shipping through the Strait remains severely disrupted amid repeated attacks and a U.S. naval blockade, keeping oil prices elevated.
Texas oil production tax revenue rises 18% in August 2026
Texas sales tax revenue reached $4.62B in August 2026, rising 7.1% year over year and boosting state funding.
U.S.–Iran strikes lift oil prices above $90
U.S. strikes on Iran-linked sites near Hormuz raise shipping risks, pushing oil above $90 and gas to 2023 highs.
Energy secretary highlights Permian growth during Midland visit
U.S. Energy Secretary Chris Wright visited Midland, highlighting the Permian Basin’s major role in boosting U.S. domestic energy production.
Permian could lead U.S. natural gas production by 2030
Citigroup analysts expect Permian natural gas production to grow enough for the region to become the largest U.S. gas basin by 2030.
Christi Craddick selected to chair Railroad Commission of Texas
Texas Railroad Commission commissioners unanimously elected Christi Craddick as chairman of the three-member commission.
Continental adds FireBird assets in Midland Basin acquisition
Continental Resources agreed to acquire FireBird Energy II, adding 54,000 net acres and 32,000 boe/d of production.
