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The Permian Basin remains a testing ground for advanced well construction and longer, more technically demanding wells.

Permian well technologies improve drilling efficiency

The Permian Basin continues to serve as a testing ground for advanced well construction methods as operators pursue longer and more technically demanding wells. World Oil reports that SLB field deployments involving drilling fluids, rotary steerable systems, measurement-while-drilling tools, and digital workflows are improving the delivery of extended laterals. In several wells, a high-temperature fluid system maintained stable properties through 10,000-foot lateral sections, supported smooth casing runs, and reduced drilling-fluid costs by as much as 37%. These advances are especially relevant as modern horizontal drilling programs extend four miles or more and require tighter control of pressure, hole cleaning, and wellbore placement.

Performance gains were also recorded in the Midland and Delaware basins. An advanced rotary steerable system improved drilling speed by 48% in a Midland field trial and shortened the program by 2.9 days compared with nearby wells. In the Delaware, deployments reduced curve-drilling time by 43%, improved overall curve-and-lateral drilling speed by 50%, lowered cumulative tortuosity by 18%, and extended average run lengths by 60%. A purpose-built fluid system also helped operators drill four-mile laterals while meeting cost-per-foot and schedule targets below authorized spending levels. The results show how integrated equipment, real-time monitoring, and digital drilling tools can support more repeatable well delivery, stronger cost control, and improved project economics.

Source: World Oil
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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.
DOE announced a $65.5M funding for technology development and research across the upstream and midstream oil and natural gas sectors.

DOE funding supports oil and gas technology research

The U.S. Department of Energy announced a $65.5 million funding opportunity on July 23, 2026, for technology development and research across the upstream and midstream oil and natural gas sectors. The initiative is separate from a recently introduced $150 million program supporting unconventional reservoir recovery, hydraulic fracturing, and produced-water management. The new funding will be available through public-private partnerships focused on operational improvements and domestic energy infrastructure.

Eligible midstream projects may include the development and field testing of compressors, valves, piping, storage tanks, and advanced materials. Other projects will explore continuous monitoring systems, artificial intelligence-supported digital twins, and optimization tools at full-scale field sites. These technologies are intended to improve operational efficiency and safety while helping operators manage costs and strengthen supply-chain reliability.

The program also supports research into converting gas that might otherwise be left undeveloped or flared into higher-value products that are easier to transport. Projects may advance catalysts, separation methods, and decentralized conversion systems from laboratory testing to deployment in producing basins. For readers evaluating non-operated working interests or revenue associated with producing wells, the funding highlights continued investment in technologies that may improve resource utilization and operating performance. Applications are due September 22, 2026.

Source: Oil & Gas 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.
Magnolia Oil & Gas will acquire Houston-based WildFire Energy for $4.06B, boosting its Texas production footprint.

Magnolia expands South Texas position in $4.06B deal

Magnolia Oil & Gas has agreed to acquire Houston-based WildFire Energy in a transaction valued at approximately $4.06 billion, including debt. The purchase will add about 810,000 net acres in the Giddings area, increasing Magnolia’s position there to more than 1.25 million net acres across the Austin Chalk, Eagle Ford and Woodbine formations. The expanded acreage strengthens the company’s presence in one of the key regions supporting oil production in Texas.

The acquisition also includes more than 500 miles of natural gas gathering pipelines and a sand mine that supplies roughly 80% of Magnolia’s annual sand requirements. Magnolia expects the larger, connected asset base to generate more than $100 million in annual operating efficiencies and cost savings. WildFire’s owners will receive 32.2 million shares of Magnolia Class A stock, while Magnolia will assume $600 million in notes due in 2029.

The agreement reflects continued consolidation within the upstream oil and gas sector as producers seek additional drilling inventory and greater operating scale. Magnolia also increased its quarterly dividend by 9% to $0.18 per share, reported second-quarter production of 106,100 barrels of oil equivalent per day and raised its expected standalone production growth for 2026 from 5% to 6%. The transaction is expected to close late in the third quarter of 2026.

Source: Houston Business 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.
Recent Iranian attacks on vessels have slowed tanker-to-tanker oil transfers outside the Strait of Hormuz.

Gulf of Oman tanker transfers adjust amid shipping changes

Ship-to-ship oil transfer activity in the Gulf of Oman has moderated following recent vessel incidents near the Strait of Hormuz. Satellite imagery from July 18 showed one pair of tankers conducting a transfer off Oman, compared with three pairs on July 11. Maritime sources estimated that only two or three transfers occurred during the most recent period. These operations have allowed Gulf cargoes to move through approved coastal routes before being loaded onto waiting vessels outside the strait.

Clarksons reported that Strait of Hormuz crossings averaged two supertankers per day during the past week, compared with five per day the previous week and eight per day in late June and early July. Each supertanker can carry as much as 2 million barrels. Since early May, a U.S.-supported transit initiative has helped move tens of millions of barrels, supporting export continuity and limiting the effect of changing oil shipping costs on energy markets.

U.S. Energy Secretary Chris Wright said the seven-day average was slightly below 7 million barrels per day through the waterway, with nearly another 7 million barrels per day moving through bypass pipelines. The combined flow of almost 14 million barrels per day represents roughly two-thirds of pre-conflict volumes and is substantially higher than March levels. The figures provide additional context for how Hormuz transit can support oil supply despite adjustments in tanker activity.

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.
Dante Caravaggio discusses EON’s Grayburg-Jackson drilling plans, production growth, and investor funding strategy.

EON Resources advances San Andres development strategy

EON Resources is centering its next phase of expansion on the San Andres formation within its Permian Basin portfolio. President and CEO Dante Caravaggio described plans for the company to participate in an initial three-well horizontal program, followed by 10 additional wells. The development campaign is intended to increase production from EON’s existing acreage while using horizontal drilling to access a broader portion of the formation. Well performance, development costs and the pace of deployment will help determine how rapidly the company can expand its operating base.

Management is also seeking additional investment to support the company’s planned growth. Caravaggio said EON expects annual revenue to reach approximately $100 million within five years. The company recorded EBITDA of about $6 million in 2025 and is targeting roughly $12 million in 2026 and $24 million in 2027, with further increases anticipated as development progresses. These financial goals are closely connected to the execution of the San Andres drilling program, making operating results and continued access to capital important factors in EON’s expansion strategy.

Source: The Energy Year
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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.
US crude oil production reached an all-time monthly high of 13.934 million barrels per day in April 2026, according to data from the EIA.

U.S. crude production sets new monthly record in April

U.S. crude oil production reached an all-time monthly high of 13.934 million barrels per day in April 2026, according to data from the U.S. Energy Information Administration. Output increased by 216,000 barrels per day from March as producers responded to stronger crude prices earlier in the year.

New Mexico production climbed to a record 2.37 million barrels per day, while Texas output increased by 36,000 barrels per day to 5.83 million. The two states contain the Permian Basin, a major driver of U.S. production. North Dakota also reported higher output, reaching 1.13 million barrels per day, its strongest monthly level since November.

The production milestone highlights the scale and responsiveness of the domestic energy sector. For mineral and royalty owners, production volumes and the broader factors affecting oil prices can influence revenue generated from producing properties. The EIA data also showed that total petroleum products supplied reached 20.81 million barrels per day in April, while finished gasoline supplied rose to an eight-month high of 9.12 million barrels per day.

Source: Hart Energy
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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 extraction employed nearly 114,000 in May 2025 and ranked among the highest-paying U.S. industries.

Oil and gas extraction ranks high in US industry pay

The U.S. Bureau of Labor Statistics reported that the oil and natural gas extraction industry employed nearly 114,000 workers in May 2025 and had an annual mean wage of $122,890. That placed the industry among the highest-paying sectors in the United States. The category includes activities such as crude petroleum production, oil shale and oil sands extraction, and natural gas production.

The largest occupations in the sector were wellhead pumpers, with 12,190 jobs, and oil and gas service unit operators, with 10,010 jobs. Together, those two roles represented 19.5% of industry employment. Other major job categories included general and operations managers, petroleum engineers, accountants and auditors, industrial machinery mechanics, roustabouts, supervisors, geoscientists, and financial managers.

Most of the largest oil and gas extraction occupations had annual mean wages above the U.S. average of $69,770 across all jobs and industries. General and operations managers earned an average of $227,290, while financial managers averaged $226,430 and geoscientists averaged $198,230. For readers tracking oil and gas royalties and energy markets, the data highlights the scale and compensation levels tied to domestic production activity.

Source: U.S. Bureau of Labor Statistics

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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.
US oil and gas drilling made a big leap in the past week as the latest Baker Hughes Rig Count showed a gain of 10 rigs to reach a total of 573

U.S. rig count rises as Oklahoma drilling activity grows

U.S. oil and gas drilling activity increased in the latest Baker Hughes report, according to Oklahoma Energy Today. The national rig count rose by 10 to 573, including 440 oil rigs, 125 natural gas rigs, and 8 miscellaneous rigs. Oklahoma also added 2 rigs, bringing the state total to 46, matching its level from the same period a year earlier.

The report also noted broader gains across several producing regions. Texas added 7 rigs for a total of 268, while New Mexico held steady at 97. Kansas increased by 3 rigs to 17, according to the Red Top Rig Report, and Wyoming added 1 rig to reach 17. For readers tracking Permian Basin activity and broader oil and gas royalty trends, rig counts remain an important indicator of operator activity and potential future production across key U.S. energy markets.

Source: Oklahoma Energy Today

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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.
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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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.
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.