Oil prices rise as U.S.-Venezuela tensions add supply uncertainty
Oil rises as geopolitical tensions continue. Brent crude is up 1% to $60.89 a barrel, while WTI rises 1.15% to $57.39 a barrel.
Entries by Ranger Land and Minerals
BP’s new CEO is an American defender of oil and gas
BP names Exxon veteran Meg O’Neill CEO, first woman to lead an oil major as company looks to reinvigorate its fossil-fuels business
Texas leads the charge as America sets new oil and natural gas records
Crude oil output reached an estimated 5.9 million bpd in November, the highest level ever recorded in US history, according to U.S. EIA data.
Blackcomb Pipeline, a 2.5 Bcf/d Permian–South Texas connector, aims for 2026 commissioning
Blackcomb Pipeline, a 2.5 Bcf/d Permian–South Texas gas link backed by WhiteWater–Targa joint venture, targets 2026 commissioning.
How AI drove data optimization for oil and gas capital projects
Discover how AI boosted efficiency and accuracy in oil and gas project management and helped a firm streamline engineering processes.
Targa Resources to acquire stakeholder Midstream for $1.25B
Targa buying Stakeholder Midstream for $1.25B, adding Permian gas assets and ~$200M/yr cash flow with low capex.
Matterhorn expansion likely online, boosting Permian gas flows
Matterhorn Express expansion is in service, boosting Permian gas throughput and easing regional pipeline bottlenecks.
Permian Basin oil boom propels 2024 rise in US associated natural gas
US associated natural gas output rose 6% in 2024, mirroring Permian crude oil production growth, according to the EIA.
Oil prices rise as OPEC+ holds firm on output through Q1 2026
Oil prices rebounded in early Asian trade after OPEC+ chose to keep output steady through the first quarter of 2026.
Permian gas wave sparks biggest pipeline buildout since the shale boom
U.S. natural gas pipelines are seeing their biggest expansion since 2008, driven by surging LNG, data-center, and manufacturing.
