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The US EIA raised its forecasts for crude oil and lease condensate production in its September Short-Term Energy Outlook.

EIA sees U.S. crude oil output topping 14 million bpd in 2027

The U.S. Energy Information Administration raised its forecasts for crude oil and lease condensate production in its September Short-Term Energy Outlook. It now expects U.S. output to average 13.83 million barrels per day in 2026 and 14.26 million in 2027, compared with August forecasts of 13.80 million and 14.15 million, respectively. The September report also puts 2025 production at 13.66 million barrels per day, up from the figure used in August.

The forecast shows output rising from 13.88 million barrels per day in the third quarter of 2026 to 14.39 million in the final quarter of 2027. If the annual projection is realized, 2027 would be the first year U.S. crude production averages more than 14 million barrels per day. These figures are forecasts, while the 2025 figure reflects reported production.

The Lower 48 states outside the federal Gulf account for most of the projected output: 11.38 million barrels per day in 2026 and 11.87 million in 2027. The federal Gulf is projected to contribute 2.00 million and 1.89 million barrels per day in those years, while Alaska contributes 0.45 million and 0.50 million. Readers comparing national forecasts with individual wells can use Ranger’s guide to oil well production for context on daily production rates.

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.
EIA now forecasts a larger oil market crunch in 2026 and a bigger glut in 2027 than in its August short term energy outlook.

EIA raises 2026 oil supply gap outlook, sees 2027 surplus

The U.S. Energy Information Administration’s September Short-Term Energy Outlook projects global petroleum and other liquid fuels consumption at 102.59 million barrels per day in 2026, compared with production of 100.62 million barrels per day. That represents a 1.97 million-barrel-per-day supply gap, slightly wider than the agency’s August estimate of 1.91 million barrels per day. For 2027, the EIA expects consumption to average 104.98 million barrels per day while production reaches 109.88 million barrels per day, resulting in a 4.90 million-barrel-per-day surplus.

The EIA expects the 2026 supply gap to reach 2.96 million barrels per day in the third quarter before narrowing to 1.71 million barrels per day in the fourth quarter. Global oil inventories are estimated to have declined by about 400 million barrels so far this year. The agency now forecasts Brent crude to average around $90 per barrel during the second half of 2026, followed by an average of $74 per barrel in 2027 as production increases and inventories rebuild.

The outlook assumes Middle East oil exports will gradually increase as flows through the Strait of Hormuz and alternative routes improve, while some export limitations remain through the end of 2026. For mineral and royalty owners, these market developments provide useful context when reviewing factors affecting oil prices and how benchmark crude prices can influence wellhead pricing and oil and gas revenue.

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.
A legislative committee will hear from the Texas Railroad Commission Tuesday as it updates rules for inactive oil and gas wells.

Texas reviews new rules for long-inactive oil and gas wells

Texas lawmakers are reviewing how the Railroad Commission of Texas will implement updated requirements for inactive oil and gas wells. The commission oversees nearly 160,000 inactive wells statewide, including at least 12,000 classified as orphaned. The issue is receiving renewed attention as regulators work to reduce the number of wells that remain inactive for extended periods and clarify operators’ responsibilities for plugging them. Ranger readers can find additional background on orphan well liability and mineral rights.

Under SB 1150, passed during the 2025 legislative session, operators generally must plug wells after 15 years of inactivity, although extensions may be available under specified circumstances. The Texas House Energy Resources Committee was scheduled to hear from the Railroad Commission about its plans for implementing the law. Industry representatives have supported efforts to reduce inactive well inventories while preserving opportunities to return economically viable wells to production.

The hearing also brings attention to financial assurance requirements intended to help cover future plugging obligations. Texas currently allows bonding amounts to be calculated either by well depth or the number of wells an operator controls. The commission’s rulemaking could therefore be relevant to operators, mineral owners and investors tracking regulatory responsibilities and long-term well management in the state. More background on the regulator is available in Ranger’s coverage of the Railroad Commission of Texas.

Source: The 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.
U.S. natural gas production and consumption are projected to reach record highs in 2026 and 2027, driven by rising demand.

U.S. natural gas production and demand set for record growth

U.S. natural gas production and consumption are projected to reach new highs in both 2026 and 2027, according to the U.S. Energy Information Administration’s September Short-Term Energy Outlook. The agency expects dry gas production to increase from 107.6 billion cubic feet per day (Bcf/d) in 2025 to 111.7 Bcf/d in 2026 and 115.9 Bcf/d in 2027. Domestic consumption is forecast to rise from 91.9 Bcf/d in 2025 to 92.2 Bcf/d this year and 94.3 Bcf/d next year.

The latest outlook also raised the EIA’s 2026 estimates compared with its August forecast. Meanwhile, U.S. liquefied natural gas exports are expected to increase from 15.1 Bcf/d in 2025 to 17.4 Bcf/d in 2026 and 18.6 Bcf/d in 2027. Growing output from regions including the Permian Basin and Haynesville is expected to support supply, while inventories could enter the winter season about 5% above the five-year average.

For energy markets, the projections point to continued expansion in both domestic demand and export activity alongside rising supply. The outlook also provides useful context for mineral and royalty owners following broader natural gas production trends, particularly as U.S. LNG exports and major producing regions continue to grow.

Source: BOE Report
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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.
Shipping through the Strait remains severely disrupted amid repeated attacks and a U.S. naval blockade, keeping oil prices elevated.

Hormuz vessel strike puts focus on energy shipping and prices

A commercial vessel was struck by an unidentified projectile while traveling through the Strait of Hormuz, according to the United Kingdom Maritime Trade Operations Centre. The incident, reported late Saturday, September 12, led to a fire aboard the vessel and prompted local authorities to assist with the evacuation of crew members. The event came as direct negotiations between the United States and Iran remained inactive, while Iranian and Gulf officials were preparing discussions in Oman on proposed shipping arrangements through the strategically important waterway.

The incident adds another consideration for global energy markets as commercial traffic through Hormuz remains substantially reduced. CNBC reported that Brent crude settled Friday at $104.61 per barrel and West Texas Intermediate at $100.05, after both benchmarks reached higher levels during the week. Saudi Arabia also temporarily closed its East-West crude pipeline as a precaution after drone attacks, affecting an important route used to bypass Hormuz. For mineral and royalty owners, these developments illustrate how geopolitics and transportation constraints can be important factors affecting oil prices and, consequently, revenue associated with oil and gas royalties.

U.S. Central Command also said it had redirected 100 commercial vessels during the previous 60 days following the resumption of the U.S. naval blockade against Iran. With Hormuz serving as a major route for oil and other cargoes, shipping activity, regional security developments and diplomatic discussions remain closely watched by energy-market participants.

Source: CNBC

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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.
Texas sales tax revenue reached $4.62B in August 2026, rising 7.1% year over year and boosting state funding.

Texas oil production tax revenue rises 18% in August 2026

Texas collected $4.62 billion in state sales tax revenue in August 2026, according to figures reported by Comptroller Don Huffines. The total was 7.1% higher than in August 2025. Because most August remittances represent purchases made during July, the results provide a recent measure of business and consumer activity across the state.

Collections increased across major industries connected to business spending, with construction and mining producing particularly strong results. Manufacturing receipts were 5.2% higher than a year earlier, while wholesale trade collections rose 1.7%. Consumer-focused categories also recorded gains: retail receipts increased nearly 10%, online shopping remittances surpassed the prior-year total by more than 20% for a second consecutive month, service-sector collections grew 8.2%, and restaurant receipts advanced 3.8%.

Through August, Texas had collected $35.2 billion in sales tax during the calendar year, 7.3% more than during the corresponding period in 2025. Sales tax generates 58% of the state’s overall tax collections, making these figures important to Texas budget conditions.

Energy-related revenue also increased: collections from oil and natural gas production taxes totaled $526 million and $202 million, respectively, representing annual gains of 18% and 4%.

Source: MyHighPlains.com

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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.
U.S. strikes on Iran-linked sites near Hormuz raise shipping risks, pushing oil above $90 and gas to 2023 highs.

U.S.–Iran strikes lift oil prices above $90

U.S. forces carried out another series of strikes on September 1 against sites associated with Iran’s Islamic Revolutionary Guard Corps near the Strait of Hormuz. U.S. Central Command said the completed operation targeted air-defense and radar networks, maritime assets, mine-deployment capabilities and communications facilities following attempted attacks on commercial vessels and American personnel. President Donald Trump said the action also responded to Iranian efforts to place mines in the waterway and an earlier attack on a U.S. base. Iran subsequently reported launching missiles and drones toward American bases in the region, including a facility in Jordan.

The exchange returned market attention to shipping conditions through the Strait of Hormuz, where oil movements had recovered to approximately half of their prewar level during the preceding period of reduced military activity. West Texas Intermediate crude moved above $90 per barrel, while benchmark European natural-gas futures reached their highest level since January 2023. Bloomberg also reported that oil had gained more than 45% during 2026. Two supertankers attempting to leave the strait had been struck by projectiles one day earlier, although responsibility was not established. The developments illustrate how Hormuz shipping conditions and other factors affecting oil prices can influence energy costs, supply expectations and investor attention.

Source: Bloomberg
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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.
U.S. Energy Secretary Chris Wright visited Midland, highlighting the Permian Basin’s major role in boosting U.S. domestic energy production.

Energy secretary highlights Permian growth during Midland visit

U.S. Energy Secretary Chris Wright visited Midland, Texas, as part of the Great American Energy Comeback Tour, highlighting the Permian Basin as a major contributor to domestic energy production. Wright toured an ExxonMobil drilling site and met with industry leaders to discuss production, technology and the region’s role in U.S. energy policy. Permian oil output has grown from roughly 900,000 barrels per day in 2010 to more than 6.5 million barrels per day, representing nearly half of current U.S. oil production.

Natural gas production in the basin has expanded as well, rising from about 4.5 billion cubic feet per day in 2010 to approximately 28 billion cubic feet per day. The growth reinforces the importance of continued investment in drilling technology, processing, transportation and Permian natural gas takeaway capacity. Wright also indicated that federal officials are preparing measures intended to encourage additional fuel production from U.S. refiners, placing domestic oil, natural gas and refining capacity at the center of current energy policy discussions.

For energy markets and investors, the Midland visit highlights the scale of the Permian’s contribution to U.S. supply and the continuing policy attention surrounding the infrastructure and operating capacity needed to support production.

Source: The Texan
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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.
Citigroup analysts expect Permian natural gas production to grow enough for the region to become the largest U.S. gas basin by 2030.

Permian could lead U.S. natural gas production by 2030

Citigroup analysts expect the Permian Basin’s natural gas production to continue expanding enough for the region to become the largest U.S. gas-producing basin by the end of the decade. The West Texas and southeastern New Mexico basin could surpass the Marcellus, which has held the top position since 2012. Citi analyst Scott Gruber said the Permian could take the lead as early as 2030, depending partly on oil prices.

Much of the Permian’s natural gas is produced alongside crude oil, meaning production levels are influenced heavily by the economics of oil development rather than natural gas prices alone. This dynamic could alter U.S. gas supply patterns as Permian output grows. Citi noted that additional supply from the region may reduce how much gas-focused areas such as the Haynesville need to increase production as LNG exports, data centers and other sources of demand expand.

Pipeline capacity remains an important part of the outlook. Permian gas production exceeded available takeaway capacity at times during 2026, contributing to regional pricing dislocations. Several new infrastructure projects have secured financing, including developments designed to expand Permian natural gas takeaway capacity. Added pipeline access could help move growing volumes toward Texas and Gulf Coast markets as the basin’s role in U.S. natural gas supply increases.

Source: Bloomberg
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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.
Texas Railroad Commission commissioners unanimously elected Christi Craddick as chairman of the three-member commission.

Christi Craddick selected to chair Railroad Commission of Texas

The three members of the Railroad Commission of Texas unanimously elected Commissioner Christi Craddick to chair the agency. Craddick, who has held the position before and has served since winning statewide office in 2012, succeeds Jim Wright as chairman. Wright will remain a commissioner alongside Wayne Christian, another former chair.

The commission is Texas’ primary regulator for oil and natural gas exploration, production, and transportation. It also oversees pipeline safety, natural gas utilities, critical energy infrastructure, and surface coal and uranium mining. Craddick’s tenure has included efforts to modernize agency operations, broaden transparency, and maintain a predictable framework for responsible development, including technology investments and expanded work on orphaned wells.

Her priorities have also included upgrades to the commission’s information technology and geographic information systems, intended to improve public access to regulatory data and shorten inspection and permitting timelines. For operators, mineral owners, and investors following Texas oil and gas regulation and broader Texas energy activity, leadership at the three-member commission is important because its decisions shape permitting, compliance, infrastructure safety, and access to industry data.

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.