West Texas oil output gains spotlight amid global supply shifts
Production in West Texas has helped the U.S. stabilize its demand for foreign oil amid the Iran war, despite drilling fewer oil wells.
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Production in West Texas has helped the U.S. stabilize its demand for foreign oil amid the Iran war, despite drilling fewer oil wells.
Oil prices shot past US$100 a barrel after Donald Trump ordered a naval blockade of Iranian ports following failed peace talks in Pakistan.
The Bureau of Land Management had its largest quarterly sale of oil and gas leases in Colorado since 2020, generating nearly $8.1M in revenue.
Iran signals it may disrupt traffic through the Bab al-Mandeb Strait, a key maritime chokepoint linking the Red Sea to the Gulf of Aden.
ExxonMobil boosts digital tech in the Permian Basin to improve reliability, lower operating costs, and support faster decision-making.
The Interior Department announced it is disbursing almost $461M to four Gulf of America energy-producing states to ease rising gas prices.
US Energy Sec. Chris Wright told energy executives at the CERAWeek that higher crude prices signals producers to increase supply.
Asian allies are looking to the U.S. for secure oil and gas supplies during the Iran war, Interior Secretary Doug Burgum said.
U.S. natural gas output hit a record 118.5 Bcf/day in 2025, led by growth in Permian, Appalachia and Haynesville.
Treasury Secretary Scott Bessent told CNBC that the U.S. is allowing Iranian oil tankers to transit the Strait of Hormuz.
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