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Texas launches DOGE Task Force to boost oil, gas efficiency, cut delays, and modernize systems without cutting staff, RRC says.

Texas oil regulator launches DOGE task force

Texas Railroad Commissioner Wayne Christian announced the launch of the “Delivering Oil and Gas Efficiently (DOGE) Task Force” in a statement posted on the Railroad Commission of Texas (RRC) website recently. So what is about this Texas oil regulator?

DOGE is described in the statement as “a new internal initiative focused on improving processes, enhancing communication, and strengthening the Railroad Commission of Texas as a responsive, pro-business agency”. The statement noted that the DOGE initiative “is not about cutting personnel – it’s about cutting delays, confusion, and outdated systems”.

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Source: Rigzone

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AI is transforming oil & gas, boosting efficiency, output, and safety as energy giants race toward full digital transformation.

The AI revolution in oil & gas: A new era of smart energy

The oil and gas industry is in the middle of a massive digital overhaul. Artificial intelligence (AI) is rapidly changing everything, from finding new resources and drilling wells to managing production and day-to-day operations. Facing rising costs, unpredictable markets, and pressure to cut emissions, energy companies are increasingly turning to AI to boost efficiency, increase output, and enhance safety. What began as a cautious approach to AI has quickly become a full-on sprint towards digital transformation. Supermajors like BP plc BP, Chevron CVX, ExxonMobil XOM and TotalEnergies TTE are now using AI to gain competitive advantages that seemed impossible just 10 years ago. So what are the AI revolution in oil & gas happening now?

BP and Palantir: The Power of Digital Twins

British oil major BP is a prime example of a leader aggressively using AI across its operations. At the heart of this strategy is a decade-long partnership with software maker Palantir Technologies PLTR. Together, BP and Palantir have built a sophisticated digital copy — or digital twin — of BP’s global oil and gas infrastructure. This includes operations in key areas, such as the Gulf of America, the North Sea, and Oman’s Khazzan gas fields. This digital twin brings together data from over two million sensors, giving BP a real-time view of its physical assets.

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Source: yahoo!finance

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Oil and gas industry

Oil and gas industry praises Trump permitting reform

The Trump administration on Tuesday announced new permitting reforms. This is after years of the oil and gas industry calling on administrations and Congress to streamline a burdensome process.

The Department of Energy published an interim final rule rescinding all National Environmental Policy Act (NEPA) regulations. It also published new NEPA guidance procedures that “replace outdated rules with clear deadlines. It will restore agency authority and put us back on the path to energy dominance, job creation, and commonsense action,”. This is what Energy Secretary Chris Wright said.

The NEPA reforms restore the DOE’s role “originally envisioned by Congress. It will be informing agency decision makers, not needlessly obstructing the development of critical infrastructure,” Deputy Energy Secretary James Danly said. “We’re eliminating decades of unnecessary procedures and reestablishing a legally sound permitting regime that is disciplined, predictable, and fast.”Agencies finally have the authority to conduct reviews efficiently, avoid duplicative reviews, and deliver timely decisions consistent with the law.”

The Council on Environmental Quality coordinated an interagency effort to simplify NEPA compliance. This is to lower construction costs, eliminate years-long delays, and ensure that environmental reviews can no longer stall American energy production. There will be infrastructure development, which will result in the proposed reforms.

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Source: The Center Square

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The US EIA revealed its latest US crude oil and natural gas proved reserves figures in a report posted on its site recently.

EIA reveals latest USA oil, gas proved reserves figures

The U.S. Energy Information Administration (EIA reveals its latest U.S. crude oil and natural gas proved reserves figures in a report posted on its site recently.

According to the report, which includes data up to 2023, U.S. crude oil and lease condensate proved reserves decreased 3.9 percent year over year from 2022, from 48.3 billion barrels to 46.4 billion barrels.

North Dakota crude oil and lease condensate reserves decreased 12.3 percent from 2022, the report showed, highlighting that, at 611 million barrels, this was the largest annual net decline reported among all states. The second largest net decline of oil reserves occurred in Alaska, according to the report, which pointed out that the state saw an 11.4 percent, or 384 million barrel, drop.

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Source: Rigzone

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Coterra will run 9 rigs in the Permian Basin in the second half of 2025, two more than the number executives had planned to in early May.

Coterra raises rig plans in the Permian

Coterra Energy Inc., Houston, will run nine rigs in the Permian basin during the second half of this year, two more than the number executives had planned to in early May.

Speaking at the JPMorgan Energy, Power, Renewables & Mining Conference in New York, Coterra chairman, president and chief executive officer Tom Jorden said June 24 that going with nine rigs reflects his team’s confidence in the stability of the oil market, which had looked like it was struggling this spring.

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Source: Oil & Gas Journal

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USGS reports 29.4 billion barrels of untapped oil on US federal lands, with Alaska holding the largest share at 14.46 billion barrels.

Untapped Oil Barrels – US sits on billions

The United States is the largest oil and gas producer in the world. It is also experiencing a slowdown in its oil production for a number of reasons, including natural depletion. The U.S. Geological Survey, however, has just published a study stating that there are almost 30 billion new untapped oil barrels—under federal lands, no less.

Oil and gas drilling was a contentious topic during the Biden administration. The administration decidedly did not like it and put a serious effort into curbing this drilling as much as the law allowed. As soon as Donald Trump became president, the tables turned and drilling on federal lands became very much a desirable direction for federal energy policy to move in, with the President prioritizing affordable energy and higher exports.

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Source: Oil Price

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USGS estimates US federal lands hold 29.4B barrels of oil, 391.6T cu ft of gas—enough for 4 years of oil, 12 years of gas at current use.

USGS boosts oil and gas estimate for public lands

The U.S. Geological Survey (USGS) raised its estimate this week for how much oil and gas lies underneath public lands if every possible drop were squeezed from the ground.

The newly compiled figures show that oil and gas resources from onshore federal lands could power U.S. energy needs for a window of time — four years in the case of oil and a dozen years in the case of natural gas.

USGS found in its analysis that an estimated 29.4 billion barrels of oil and 391.6 trillion cubic feet of gas lie below all federal lands, as well as 8.4 billion barrels of natural gas liquids. The areas range from protected wilderness and national parks to holdings of the Tennessee Valley Authority and the Defense Department.

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Source: E&E News

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Crude oil prices are set for a third consecutive weekly gain due to ongoing hostilities between Israel and Iran.

Oil prices climb for third straight week

Crude Oil prices climb for third straight week today, the third in a row, as Israel and Iran continued to bomb each other with no sign of willingness on either side to switch to diplomacy.

At the time of writing, Brent crude was trading at $77.04 per barrel, with West Texas Intermediate at $75.67 per barrel as the latest war in the Middle East entered its second week. The benchmarks dipped slightly from Thursday.

The hostilities have pushed tanker rates sky high, along with vessel insurance, with many shippers choosing to avoid the Strait of Hormuz altogether, not least because the deployment of electronic interference warfare that scrambles the navigational systems of ships, increasing the risk of an accident.

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Source: Oil Price

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Chevron and Halliburton developed intelligent, automated hydraulic fracturing with real-time feedback to boost efficiency and performance.

Chevron and Halliburton enable intelligent hydraulic fracturing

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Halliburton (NYSE: HAL) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention. The capability enhances the previous implementation of autonomous hydraulic fracturing technology.

Chevron recognizes the importance of efficiency and consistency during fracture execution. In addition, the company has placed an emphasis on the added control functionality that these new technologies provide. Leveraging digital automation and real-time feedback from the subsurface, Chevron and Halliburton jointly developed autonomous workflows that adjust completion behavior with the goal of improving asset performance.

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Source: Oil & Gas 360

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Oil prices jumped almost 7% on Friday to multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies.

Oil jumps almost 7% after Israel’s strikes on Iran

Oil jumps on prices almost 7% on Friday to multi-month highs after Israel launched strikes against Iran. It is sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies.

Brent crude futures were up $4.57, or around 6.59%, to $73.93 a barrel at 1352 GMT. This is after hitting an intraday high of $78.50, the highest since January 27.

U.S. West Texas Intermediate crude was up $4.53, or 6.66%, at $72.57. It is touching its highest since January 21 at $77.62 earlier in the session.

Friday’s gains were the largest intraday moves for both contracts since 2022, after Russia’s invasion of Ukraine caused a spike in energy prices.

Israel said it had targeted Iran’s nuclear facilities, ballistic missile factories and military commanders on Friday at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon. Iran has promised a harsh response.

U.S. President Donald Trump urged Iran to make a deal over its nuclear programme, to put an end to the “next already planned attacks.”

The National Iranian Oil Refining and Distribution Company said oil refining and storage facilities had not been damaged and continued to operate.

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Source: Oil & Gas 360

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