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Scientists say vast recoverable oil and natural gas reserves remain in a long-producing Texas rock formation.

USGS identifies additional Texas oil and gas resources

Chron reports that the U.S. Geological Survey has released a new assessment of the Buda Limestone, a long-producing formation in Texas. The federal agency estimates that the formation still contains about 12 million barrels of technically recoverable oil and 184 billion cubic feet of natural gas that have not yet been discovered.

The assessed area includes portions of South and East Texas, with activity centered west and southwest of Houston and extending toward the East Texas Basin. According to the report, the Buda Limestone has already produced roughly 204 million barrels of oil and 287 billion cubic feet of natural gas since production began around 1930.

For mineral owners, operators, and investors, the assessment provides updated context on remaining resource potential in a mature Texas formation. Chron noted that the newly identified volumes are smaller than estimates for major areas such as the Permian Basin, but they still add to the broader picture of U.S. oil and gas resource development.

Source: Chron

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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.
The total number of active drilling rigs for oil and gas in the US rose to 573 this week, up 26 from a year ago, according to Baker Hughes.

U.S. Rig Count Rises as Hormuz Transit Resumes

U.S. oil and gas drilling activity increased in the latest weekly report, according to OilPrice.com, citing Baker Hughes data released Friday. The total U.S. rig count rose to 573, which is 26 higher than the same period last year. Oil rigs increased by seven to 440, while gas rigs rose by three to 125. Miscellaneous rigs were unchanged at eight.

The report also noted that U.S. crude output averaged 13.819 million barrels per day for the week ending June 19, up slightly from 13.806 million barrels per day the prior week and 384,000 barrels per day above year-earlier levels. Completion activity was steady, with Primary Vision’s frac spread count unchanged at 192 crews. In key producing regions, the Permian Basin added two rigs to reach 258, while the Eagle Ford held at 44.

For readers tracking factors affecting oil prices and oil and gas royalties, the data offers a snapshot of U.S. supply activity as markets also watch shipping conditions around the Strait of Hormuz. OilPrice.com reported Brent at $71.90 per barrel and WTI at $69.43 during Friday trading.

Source: OilPrice.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.
Interior proposes federal oil & gas rule changes, cutting costs, easing leasing, and lowering bonding requirements.

Interior moves to update federal oil and gas rules

The U.S. Department of the Interior announced two proposed regulatory actions on June 22, 2026, focused on federal onshore oil and gas leasing and rules for royalty treatment of lost oil and gas. The proposals would revise Bureau of Land Management procedures with the stated goal of making federal leasing more predictable for operators while continuing public-land resource management.

Key changes include replacing a $500,000 statewide bonding requirement with the prior $25,000 standard while the department gathers comments on a longer-term approach. Interior also said its proposed updates to the royalty rule could reduce annual compliance costs by nearly $17 million. For readers comparing federal and private leasing frameworks, Ranger’s guide to leasing federal vs. private land for oil and gas exploration provides additional background.

The leasing proposal would allow noncompetitive leases after competitive auctions, shorten certain public participation timeframes, update filing fees, and provide replacement lease sales when prior offerings are canceled or delayed. The royalty-related proposal would remove certain application requirements, define standards for avoidable and unavoidable losses, and rename the rule “Royalty for Oil and Gas Lost from Onshore Federal and Indian Leases.” A 60-day public comment period will begin after the Federal Register notices are published.

Source: U.S. Department of the Interior

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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 natural gas production rose 60% from 2021–2025, while oil output increased 39%, expanding its role in U.S. energy supply.

Permian gas output grows faster than oil

The Permian Basin is becoming a larger part of U.S. natural gas supply, according to information highlighted by the Midland Reporter-Telegram from the U.S. Energy Information Administration’s June Short-Term Energy Outlook. Marketed natural gas production in the region increased from 17.2 billion cubic feet per day in 2021 to 27.6 Bcf/d in 2025, a 60% gain. Crude oil production also rose over the same period, moving from 4.7 million barrels per day to 6.6 million barrels per day, a 39% increase.

The EIA connected the faster gas growth to rising gas-oil ratios as reservoirs mature. In 2025, the Permian averaged nearly 4,200 cubic feet of natural gas for each barrel of oil produced, up 16% from 2021. If that ratio had stayed at the 2021 level, the agency estimated 2025 regional gas production would have been 23.8 Bcf/d, about 14% below actual output.

For mineral and royalty owners, the data provides useful context for tracking natural gas production and evaluating output trends across a major oil and gas basin. The changing production mix may also matter for infrastructure planning, market supply expectations, and how operators report future Permian development results.

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.
Shell CEO Wael Sawan says oil and gas prices may stay elevated for 5–10 years due to strong demand and scarce low-cost reserves.

Shell CEO sees longer-term support for oil prices

Shell Chief Executive Wael Sawan said oil and gas prices may remain supported even after tensions around Iran and the Persian Gulf ease, according to The Wall Street Journal. Speaking at the WSJ Leadership Institute CEO Summit, Sawan said longer-term demand growth and the rising difficulty of finding new low-cost reserves could keep upward pressure on energy prices over the next five to ten years.

The comments come as global energy markets continue to track supply conditions, inventory levels, and shipping access in the Middle East. Sawan indicated that while current supply is meeting demand, maintaining that balance may become more challenging as countries place greater emphasis on energy security. He also noted that higher pricing could encourage producers to develop resources that may not have been economical at lower price levels.

For investors and mineral owners, the outlook matters because benchmark energy prices can influence revenue expectations, asset values, and commodity price assumptions. Ranger readers may also want to review how prices can affect wellhead price calculations and royalty-related income.

Source: The Wall Street Journal

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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.
Despite the Iran war ceasefire, oil and gasoline prices may stay high for months as energy supplies and shipping recover slowly.

Hormuz Reopening Sets Gradual Oil Supply Timeline

AP News reports that energy supplies may take months to fully normalize after an agreement was announced to end the Iran conflict and reopen the Strait of Hormuz. Energy analysts cited by AP said the timing depends on shipping logistics, refinery schedules, insurance coverage, and how quickly companies regain confidence in safe tanker movement through the waterway. Before the disruption, the strait handled about one-fifth of global oil and gasoline supplies, making it a key route for markets tracking commodity prices.

Oil prices moved lower after the announcement, with Brent crude falling $3.45 to $83.89 per barrel and U.S. crude declining $4.03 to $80.85 per barrel, though AP noted both remained above the roughly $70 level seen before the conflict began. Experts said stranded tankers must first clear the area, new vessels must be loaded, and some producers that paused output may need more time to restart operations. For mineral owners and investors, the article highlights how shipping routes, production timing, and benchmark pricing can influence market conditions and related concepts such as the wellhead price.

Source: AP News
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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.
Independent drillers have begun adding rigs in the Permian Basin, albeit slowly, according to the data analysis firm Enverus.

Permian drillers add rigs as oil prices stay elevated

Independent oil producers are gradually increasing activity in the Permian Basin as crude prices remain elevated, according to E&E News by POLITICO. Data cited from Enverus shows Permian rig counts rising from 221 at the start of January to 245 in May, before easing to 240 this week. The article also notes that some operators are completing drilled-but-uncompleted wells to bring supply online faster than starting entirely new wells.

The expected production increase is estimated at about 250,000 barrels per day, which the article says is not large enough to significantly change broader crude pricing trends. Diamondback Energy, based in Midland, had 73 unfracked wells as of April 2026, according to Rystad Energy data cited in the report, and announced plans in May to use five fracking crews to complete some of them. For readers tracking oil and gas royalties or the role of Permian Basin production, the report highlights how drilling decisions, well backlogs, and operator strategy can influence supply outlooks.

The article also points to changing ownership patterns in the basin. Larger producers such as Exxon Mobil and Chevron now control a significant share of the highest-quality drilling locations, which may make overall production growth more measured than in past cycles led by smaller shale operators.

Source: E&E News by POLITICO

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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.
Alliance Resource Partners rises 1.5% premarket after agreeing to buy AllDale III & IV GP/LP interests for $206.2M.

Alliance Resource expands royalty interests in $206M deal

Alliance Resource Partners said it has agreed to acquire additional general partner and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP for about $206.2 million, subject to customary closing adjustments. The transaction places the combined gross valuation of the AllDale III and IV interests at roughly $410 million.

The company’s portion of the deal is part of a larger $306.2 million purchase from third-party sellers, with related parties of Joseph W. Craft III, Alliance Resource Partners’ chairman, president, and CEO, expected to acquire $100 million of the interests. Alliance plans to fund its share using cash on hand, a new financing arrangement, and borrowings under its existing credit facility.

For investors following oil and gas royalties, the deal highlights continued interest in mineral and royalty assets tied to U.S. energy production. Royalty interests can provide exposure to production revenue without direct operating control, making deal activity in this space relevant for readers evaluating mineral rights and royalty opportunities.

Source: MSN

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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.
Researchers at NETL are exploring methods to recover more oil and natural gas from shale after fracking, boosting long-term well production.

NETL method may help raise oil and gas recovery

Interesting Engineering reports that researchers at the National Energy Technology Laboratory are studying ways to recover more oil and natural gas from shale and other tight formations after primary hydraulic fracturing operations. According to the article, these reservoirs can still hold significant hydrocarbons after initial production, making improved recovery methods important for domestic energy output and long-term oil well production planning.

The research uses nuclear magnetic resonance technology to examine rock cores and measure factors such as pore structure, porosity, permeability, fluid saturation, and wetting behavior. NETL’s work includes testing how injected fluids such as natural gas, water, surfactants, or carbon dioxide move through oil-saturated rock under subsurface pressure and temperature conditions.

For energy markets and mineral owners, the work is notable because higher recovery from existing formations could help operators improve production efficiency without relying only on new acreage. Better recovery techniques may also support more informed decisions around development, reserves, and oil and gas royalties tied to producing assets.

Source: Interesting Engineering

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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 natural gas markets moved higher as developments involving Iran and the United States drew renewed attention from energy traders.

Oil prices rise as Iran talks affect energy markets

Oil and natural gas markets moved higher as developments involving Iran and the United States drew renewed attention from energy traders. The report said crude prices climbed after Iran indicated that indirect negotiations with Washington had stopped, while recent military activity in the region added focus to shipping routes and supply access. Brent crude was reported near the upper-$90s per barrel range as markets tracked whether regional conditions could affect global flows.

The Strait of Hormuz remained a central issue because it is one of the world’s most important oil transit corridors. For mineral owners, producers, and investors, these developments matter because benchmark pricing can influence project economics, royalty revenue, and wellhead price calculations. Ranger has also covered how geopolitics, supply, and demand can be among the key factors affecting oil prices over time.

Source: The New York 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.