EIA: Permian Basin to help drive record oil production levels in 2024, 2025
Crude oil production in the Permian Basin is expected to rise by nearly 8% this year. It accounts for nearly half of US crude oil production.
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Oil and Gas M&A momentum continues to build
Matador Resources Company has announced the acquisition of Permian Basin oil and gas properties from Ameredev II Parent, LLC for $1.9B.
Strategies for optimizing 1031 Exchanges in the oil sector
Unlock the potential of 1031 exchanges in the oil sector! Explore strategies for tax optimization and investment enhancement in our comprehensive guide.
OPEC+ oil cuts probably won’t move gas prices — but this wild card could
For now, gas prices are right around where they were last year, at $3.49 per gallon
US oil and gas industry is emitting less carbon than it used to
American oil and gas companies have cut back on methane emissions even as production reached record heights, a new analysis shows.
Legal pitfalls in mineral rights transactions
Unlock the complexities of mineral rights transactions! Dive into our guide addressing legal pitfalls, ownership ambiguities, lease agreements, environmental regulations & more.
Hess shareholders approve merger with Chevron
Hess Corp approved the company’s $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote.
Oil demand to grow until 2034 as per Goldman Sachs
Global oil demand is set to grow for at least another decade. Goldman Sachs now expects global oil demand to peak in 2034, at around 110M bpd.
High demand sends LNG prices climbing around the world
US natural gas prices are set for structural upside over the next 20 years as incremental demand from data centres and AI has prompted a gas generation renaissance.
American Shale output hits heading for 6-month high in June
The EIA said on Monday that American shale output from the top-producing regions would soar to a six-month high in June.
