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Railroad Commission of Texas (RRC) Commissioner Wayne Christian praised “record port activity” and “rising oil production” in the state.

Texas oil activity gains support from ports and production

Rigzone reported that Railroad Commission of Texas Commissioner Wayne Christian pointed to stronger port activity and higher production as signs of continued momentum for the state’s oil and gas sector. The article highlighted the Port of Corpus Christi’s first-quarter 2026 results, with customers moving 54.5 million tons of commodities through the Corpus Christi Ship Channel, its strongest first-quarter performance on record and 6.1% above the same period in 2025.

The report also noted Diamondback Energy’s plan to increase exports and expand activity in response to changing global supply conditions. According to the company’s May 4 stockholder letter, Diamondback expects to maintain production above 520,000 barrels of oil per day, about 3% higher than its original 2026 guidance, while running five completion crews and adding rigs to support future flexibility. For readers following oil production in Texas, the update underscores how infrastructure, drilling activity, and market signals can influence output trends.

Texas production figures from the RRC showed preliminary February 2026 crude oil volume of 117.6 million barrels and natural gas volume of 965 billion cubic feet. Martin County led preliminary crude oil production at 19.4 million barrels, while Webb County led preliminary gas production at 85 billion cubic feet. These figures may be relevant for mineral owners and investors tracking regional production trends and oil and gas royalties.

Source: Rigzone

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DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Devon Energy and Coterra Energy announced the successful completion of their previously announced all-stock merger.

Devon and Coterra finalize all-stock shale merger

Oil & Gas 360 reported that Devon Energy and Coterra Energy completed their previously announced all-stock merger on May 7, 2026, after shareholders from both companies approved the transaction on May 4. The combined company will operate as Devon Energy, trade on the New York Stock Exchange under the DVN ticker, and maintain headquarters in Houston with a continued presence in Oklahoma City.

The deal creates a larger U.S. shale producer with assets across several major basins, anchored by a strong position in the Delaware Basin. Under the merger terms, each Coterra share was exchanged for 0.70 Devon shares, with Devon shareholders owning about 54% of the combined company and former Coterra shareholders owning about 46%. Coterra’s common stock will no longer trade on the NYSE.

For energy market participants, the merger adds scale in U.S. shale and may affect future capital allocation, production planning, and shareholder return strategies. Devon said it has identified $1 billion in annual pre-tax synergies targeted by year-end 2027, which may be relevant for readers following Devon and Coterra’s earlier merger plans, broader shale consolidation, and oil and gas royalties tied to active production areas.

Source: Oil & Gas 360

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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Permian Basin oil output to grow modestly in 2026, per East Daley analysis of 14 public operators’ guidance.

ExxonMobil leads Permian growth outlook for 2026

Midland Reporter-Telegram reports that Permian Basin oil production is expected to grow modestly in 2026, based on East Daley Analytics’ review of guidance from 14 public operators. The firm’s survey points to an increase of 183,000 barrels per day, or 2.7%, across the group. ExxonMobil accounts for the largest share of that outlook, with projected growth of 113,000 barrels per day as it continues expanding its Permian program.

Rich Dealy, ExxonMobil’s vice president for the Permian Basin, said the company’s growth plans remain unchanged following its merger with Pioneer Natural Resources. ExxonMobil holds about 1.5 million acres in the region and continues to focus on longer laterals, cube development, new technology, trades, and bolt-on acquisitions. The company’s stated goal is to reach 2 million barrels per day from the Permian by the end of 2030. For readers tracking oil well production and broader Texas oil production, the figures highlight how large operators continue to shape regional output trends.

Outside ExxonMobil, East Daley’s analysis indicates more moderate growth, with Permian Resources guiding for 6% and Occidental forecasting 3.6%. The report also notes that many public companies are still emphasizing capital discipline, with any increase in drilling activity likely taking months before it reaches production, pipelines, and refiners.

Source: Midland Reporter-Telegram
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
TIPRO report: U.S., Permian, and Texas oil output hit records as flaring intensity fell sharply in recent years.

Permian output reaches record levels as flaring eases

A new report from the Texas Independent Producers and Royalty Owners Association found that oil production in the United States, Texas, and the Permian Basin has reached record levels while flaring intensity has moved lower in recent years. According to the report, U.S. flaring intensity is down 45% since 2019, while oil production increased 8% over the same period. Texas and the Permian Basin posted larger improvements, with flaring intensity down about 50% and 62%, respectively.

The Permian Basin produced about 6.3 million barrels of crude oil per day, representing nearly half of total U.S. oil output. Texas also surpassed 2 billion barrels of annual production for the first time. From 2023 to 2024, Permian production increased 6%, while flaring intensity eased nearly 10% and flared volumes were reduced by 4%. The report pointed to expanded pipeline takeaway capacity, including projects such as Gulf Coast Express, Permian Highway Pipeline, and Matterhorn Express, as an important factor supporting those results.

For market participants, mineral owners, and readers following oil production in Texas, the findings highlight how infrastructure development can support higher shale output while improving operational efficiency. The report also provides useful context for those tracking oil and gas royalties, since production growth and midstream capacity can influence long-term activity across major producing regions.

Source: World Oil

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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
A majority of oil and gas executives expect U.S. oil production to increase, driven by geopolitics and flexible Permian Basin producers.

U.S. oil output seen rising as conflict reshapes outlook

According to a recent report from Rigzone, a majority of oil and gas executives expect U.S. crude production to increase, influenced in part by ongoing geopolitical tensions. Survey findings indicate that market participants anticipate higher domestic output as operators respond to shifting global supply dynamics and pricing signals. Executives cited the ability of U.S. producers—particularly in key regions like the Permian Basin—to adjust activity levels relatively quickly compared to international competitors.

The report highlights that sustained demand and supportive price conditions are encouraging companies to maintain or expand drilling programs. This flexibility is often tied to advancements in shale development and operational efficiency, which allow producers to bring new wells online faster. For investors, this environment reinforces the importance of understanding production trends and regional performance, including metrics like average natural gas well production, which can vary significantly depending on basin and operator strategy.

While executives recognize potential challenges such as cost pressures and regulatory considerations, the overall sentiment points toward steady or rising output levels in the near term. This outlook reflects confidence in the U.S. oil sector’s ability to respond to market conditions, supported by existing infrastructure and ongoing investment in development activity.

Source: Rigzone
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Brent crude rises more than 2 percent after Washington and Tehran fail to hold second round of talks in Pakistan.

Oil prices climb as US-Iran talks remain unresolved

Oil prices moved higher following reports that negotiations between the United States and Iran have not progressed, raising uncertainty around potential increases in global oil supply. Market participants had been closely watching the discussions, as any agreement could lead to eased sanctions on Iranian crude exports. With talks appearing to stall, expectations for additional supply entering the market have been delayed, contributing to upward pressure on prices.

Traders are also weighing broader supply dynamics, including ongoing production strategies from major oil-producing nations and steady global demand trends. The lack of immediate progress in diplomatic efforts has reinforced the perception of tighter near-term supply conditions, supporting recent price gains. For investors and market observers, developments around geopolitical negotiations remain a key factor influencing oil price direction and overall market balance.

Source: Al Jazeera
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Major international oil companies are refining their long-term strategies as market conditions and energy demand expectations continue to evolve

Oil majors adjust strategy amid shifting energy outlook

Major international oil companies are refining their long-term strategies as market conditions and energy demand expectations continue to evolve. According to a recent report, several large producers are reassessing capital allocation, balancing investments in traditional oil and gas projects with selective expansion into lower-carbon initiatives. The adjustments reflect a focus on maintaining strong cash flow while responding to policy pressures and changing investor expectations.

The article highlights that companies are prioritizing disciplined spending and shareholder returns, with many emphasizing dividends and share buybacks supported by steady production levels. At the same time, executives are taking a measured approach to energy transition investments, targeting projects that align with profitability goals rather than pursuing aggressive diversification. This shift underscores the industry’s effort to remain competitive while navigating regulatory developments and global demand trends.

For investors, these strategic updates signal a continued emphasis on operational efficiency and capital discipline across the sector. The evolving balance between traditional energy production and emerging opportunities may influence long-term valuations, particularly as companies seek to generate consistent returns while adapting to a changing energy landscape.

Source: Financial Times
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Oil and gas prices rose after the US seized an Iranian ship that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz

Oil and gas prices rise amid tensions over Iranian vessel

Oil and gas markets moved higher following reports that the United States seized a vessel linked to Iranian shipments, a development that has complicated ongoing diplomatic discussions. The incident has raised concerns about potential disruptions to global energy flows, particularly in regions where supply routes are already closely monitored. Market participants reacted to the possibility that renewed tensions could affect crude availability and trade dynamics in the near term.

The situation comes as negotiations involving Iran remain a focal point for energy markets, with any progress or setbacks influencing expectations around future supply. Analysts noted that uncertainty tied to geopolitical developments can quickly translate into price volatility, especially when it involves key producing regions. The latest events underscore how sensitive oil and gas prices remain to policy actions and international relations.

For investors and industry stakeholders, the developments highlight the continued importance of geopolitical risk in shaping energy market trends. Shifts in diplomatic progress or enforcement actions can influence supply expectations and pricing, reinforcing the need to monitor global events alongside fundamentals such as production levels and demand outlook.

Source: Energy Connects
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Production in West Texas has helped the U.S. stabilize its demand for foreign oil amid the Iran war, despite drilling fewer oil wells.

West Texas oil output gains spotlight amid global supply shifts

Oil production in West Texas is drawing renewed attention as global supply dynamics evolve, with U.S. producers positioned to play a key role in balancing markets. The article highlights how developments tied to Iran’s oil exports and broader geopolitical considerations are influencing expectations for supply levels. As uncertainties affect international output, production from the Permian Basin remains a critical factor in maintaining stability, supported by established infrastructure and continued operational efficiency.

Producers in the region have demonstrated the ability to respond to changing market conditions, with steady output levels and ongoing investment in drilling and development. This responsiveness is especially relevant as policymakers and market participants monitor supply flows from major oil-producing nations. The article notes that while global events can shift short-term expectations, the consistent performance of U.S. shale—particularly in West Texas—provides a dependable source of supply.

For investors and industry stakeholders, the situation underscores the importance of domestic production in the broader energy landscape. West Texas operations continue to offer visibility into production trends, cost structures, and infrastructure capacity, all of which contribute to long-term planning and market confidence. As global supply conditions evolve, the region’s role remains central to discussions around energy security and market balance.

Source: Texas Tribune
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Oil prices shot past US$100 a barrel after Donald Trump ordered a naval blockade of Iranian ports following failed peace talks in Pakistan.

Oil prices rise after stalled talks impact supply outlook

Oil prices moved higher following the breakdown of diplomatic discussions that had been closely watched by energy markets. The lack of progress in these talks reduced expectations for near-term increases in global oil supply, prompting traders to reassess supply-demand balances. As a result, benchmark crude prices climbed, reflecting tightening sentiment around available barrels in the short term.

The market reaction highlights how geopolitical developments continue to influence oil pricing, particularly when negotiations involve key producing regions. With supply-side uncertainty persisting, investors are paying close attention to potential disruptions and policy decisions that could affect production levels. This dynamic remains especially relevant for stakeholders tracking upstream activity and revenue potential tied to commodity pricing.

For investors, the shift underscores the importance of monitoring geopolitical risk alongside traditional fundamentals such as production trends and inventory data. Changes in diplomatic outcomes can quickly alter price expectations, which in turn can impact project economics and investment strategies across the oil and gas sector.

Source: Investing News Network
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.