Industry Guides & How-To Resources with specific types of property or business. Check our valuable guides on this page today at Ranger Land & Minerals.

Engineer Walter Ortiz builds AI tools to turn inspection data into fast, accurate reports for oil and gas compliance.

Engineer building custom AI tools for the oil and gas industry

Accurate reporting is vital to keeping operations safe and compliant in high-risk industries like oil and gas. Whether it involves equipment inspections or structural assessments, these reports ensure that critical infrastructure (like petroleum storage tanks and extraction platforms) is properly maintained and operating within safe limits. Let’s learn more about tis Engineer building custom AI tools.

However, even in the golden age of digital transformation, many companies still depend on outdated, manual processes to handle this essential work. That leaves them exposed to delays, data loss, and human error — all of which can jeopardize both safety and regulatory compliance.

Click here to read the full article
Source: Digital Journal

—

Do you have any questions or thoughts about the topic Engineer building custom AI tools? Feel free to contact us here or leave a comment below.

Shale oil and gas growth expands beyond the US as tech boosts extraction in China, Argentina, and Saudi Arabia.

Oil and gas shales present considerable development potential beyond the US

Shale, a hydrocarbon-rich sedimentary rock formation that transformed the fortunes of the US oil and gas industry in the early 2010s, requires unconventional methods for extraction, such as horizontal drilling and hydraulic fracturing, or fracking. The boom of shale oil and gas extraction in the US Lower 48 led to realignments in the global energy market and encouraged other countries to explore this resource within their territorial boundaries. It also somewhat lowered the influence of the Organization of the Petroleum Exporting Countries cartel in determining global oil prices, reshaped energy alliances and altered trade patterns in the energy landscape. Let’s learn more about oil and gas shales.

Although the shale boom has somewhat receded in the US, optimism around this unconventional resource remains, driven by technological advancements and significant discoveries in countries such as China, Argentina and Saudi Arabia. This study highlights the developments in such emerging markets for shale plays.

Click here to read the full article
Source: Offshore Technology

—

Do you have any questions or thoughts about the topic Oil and gas shales? Feel free to contact us here or leave a comment below.

The US DOE has announced nearly $1B to boost mining, processing, and manufacturing of critical minerals, cutting import reliance

US Department of Energy pledges $1 billion in critical mineral funds

The U.S. Department of Energy has announced close to $1 billion in funding opportunities for stimulating domestic mining, processing, and manufacturing ventures involving critical minerals in a bid to reduce the country’s dependence on imports.

About half of the total will go towards battery manufacturing and recycling, despite the Trump administration’s negative attitude towards electric vehicles, which drove the growth of battery tech during the Biden administration.

They will grant the money to projects focusing on battery metal mining, including, besides lithium, nickel, copper, aluminum, and graphite, as well as rare earth elements used in batteries.

The Department of Energy requires a minimum 50% co-funding commitment by corporations applying for federal funding under the new program.

Click here to read the full article
Source: Oil & Gas 360

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

Since 2019, PSP turned $181M into $1.8B impact, boosting education, health, jobs, and roads in 22 Permian Basin counties.

PSP turns $184M investment into $1.8B community impact in Permian Basin

Since launching in 2019, the Permian Strategic Partnership (PSP) has leveraged $181 million in direct investment into $1.8 billion in community impact, fueling improvements in education, healthcare, workforce development, and road safety across 22 counties of the Permian Basin.

That’s according to the PSP’s 2024 annual report, which also notes that PSP committed nearly $31 million toward those focus areas in 2024 alone.

The PSP is a growing coalition of 27 leading energy companies and two university systems that matches private dollars with public and philanthropic capital to scale projects across the region. The organization’s 2024 report details cumulative investments since 2019 that include $80.1 million in education, $63.4 million in healthcare, $13.7 million in road safety initiatives and life-saving equipment, and $25.8 million in workforce development.

Click here to read the full article
Source: Permian Proud

—

Do you have any questions or thoughts about the topic related to PSP? Feel free to contact us here or leave a comment below.

Crude oil inventories in the US increased by 3M barrels during the week ending August 8, according to new data from the US EIA.

EIA shows US crude oil inventories growing

EIA shows US Crude oil inventories increased by 3.0 million barrels during the week ending August 8, after dropping by 3 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 426.7 million barrels according to government data, which is 6% below the five-year average for this time of year.

The EIA’s data release follows API’s figures that were released a day earlier, which suggested that crude oil inventories grew by 1.5 million barrels.

Click here to read the full article
Source: Oil & Gas 360

—

Do you have any questions or thoughts about the topic EIA shows US crude oil? Feel free to contact us here or leave a comment below.

Chevron's new triple-frac method cuts time by 25% and costs by 12% in Permian Basin oil and gas extraction.

New oil and gas extraction technique saves time and money in the Permian Basin

After the oil and gas industry began using hydraulic fracturing in shale plays, it took less than 20 years for the U.S. to go from a net importer of oil to a net exporter of oil. So what’s about this New oil and gas extraction?

“Without hydraulic fracturing, we would not be energy independent right now in the U.S.,” said Jeff Newhook, a general manager of drilling and completions engineering supporting Chevron’s Permian Basin operations.

Now, Chevron is employing an evolution of the technique to hydraulically fracture three wells at once, called triple-frac. In 2024, the company began taking this approach in the Permian Basin. That year, it completed approximately 25 percent of its wells this way.

Click here to read the full article
Source: Permian Proud

—

Do you have any questions or thoughts about the topic of New oil and gas extraction? Feel free to contact us here or leave a comment below.

Chevron beat Wall Street estimates of its Q2 profit as Permian output surged and US and worldwide oil and gas output jumped to record highs.

Chevron tops profit estimates on record-high oil and gas output

Chevron Corporation (NYSE: CVX) beat Wall Street estimates of its second-quarter profit as Permian production surged and U.S. and worldwide oil and gas output jumped to record highs. So how does Chevron tops profit?

Chevron reported on Friday adjusted earnings of $3.1 billion, or $1.77 per share, for the second quarter of 2025, compared to adjusted earnings of $4.7 billion, or $2.55 per share, for the same period last year.

The decline was the result of lower realizations due to lower crude oil prices, lower income from upstream and downstream equity affiliates, and an unfavorable fair value adjustment for shares of Hess Corp, Chevron said.

Click here to read the full article
Source: Oil Price

—

If you have any questions or thoughts about the topic on how Chevron tops profit? Feel free to contact us here or leave a comment below.

EU may pool demand to boost US LNG buys, aiming to meet $250B annual energy purchase pledge, says European Commission.

EU considers pooling demand from companies to buy more US gas

The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per year, it said on Thursday. Under a framework trade deal the U.S. and EU agreed on Sunday, the European Union agreed to increase its purchases of U.S. energy to $750 billion over the next three years. Analysts have said that is unrealistically high. Learn more about why EU considers pooling demand.

The Commission has said it will remain up to private companies to choose where they buy energy, but that it was considering pooling European buyers’ demand to match it with U.S. supplies.

“We are ready to do that,” a Commission spokesperson told reporters on Thursday.

“At the moment, we don’t have any decision on a dedicated Aggregate, but this can be done very speedily, if there’s a need and interest,” the spokesperson said. “AggregateEU” is the EU’s scheme to pool companies’ demand for gas, which it launched in 2022 to attempt to replace Russian fuel with alternative supplies in response to the Ukraine war.

A round of this scheme targeting U.S. LNG could be organised as soon as September, if needed, the Commission spokesperson said.

The $750 billion energy deal covers EU purchases of U.S. oil, LNG and nuclear fuel and technologies. Analysts said this number was higher than U.S. energy exports would realistically allow – and that the EU’s oil and gas demand is expected to decline, as the bloc shifts to clean energy to meet climate targets.

Click here to read the full article
Source: Oil & Gas 360

—

Do you have any questions or thoughts about the topic EU considers pooling demand? Feel free to contact us here or leave a comment below.

US crude oil production from onshore federal lands hit a record 1.7M bpd in 2024, according to the EIA and the Department of the Interior.

US onshore oil production soars to record highs

US crude oil production from onshore federal lands hit a record 1.7 million barrels per day (bpd) in 2024, according to the EIA and the Department of the Interior. That’s a sixfold jump since 2008—far outpacing the broader rise in national crude output, which nearly tripled to 13.2 million bpd over the same period. The driver? An explosion of activity in New Mexico’s portion of the Permian Basin, where leasing, permitting, and drilling have surged in recent years.

From FY2020 through FY2023, New Mexico accounted for the majority of federal land drilling permits approved and well bores started. The state has quietly become the epicenter of the federal onshore oil boom, combining geological riches with favorable permitting conditions and existing infrastructure.

Click here to read the full article
Source: Oil & Gas 360

—

Do you have any questions or thoughts about the topic related to US onshore oil production? Feel free to contact us here or leave a comment below.

Chevron clears hurdles to acquire Hess Corporation, set to expand oil and gas operations in four key regions.

Chevron-Hess merger of $53 billion crosses the finish line, oil & gas assets’ fusion comes next

With the arbitration proceedings that followed in the wake of Chevron’s $53 billion all-stock deal to acquire Hess Corporation, now out of the way, the U.S. player is the new partner in Guyana’s Stabroek block, where ExxonMobil and CNOOC are its partners. The Hess acquisition is Chevron’s third upstream deal since 2020, following Noble Energy in 2020, REG in 2022, and PDC Energy in 2023.

Previously, ExxonMobil and CNOOC initiated the arbitration process, as they believed they should have a right to a first refusal over any sale of Hess’ 30% interest in Guyana’s oil-rich offshore block under the existing joint operating agreement. This delayed the Chevron-Hess merger, originally announced in 2023, dragging the business combination closure date into 2025.

Despite obstacles in its path, the U.S. duo still managed to progress the merger by securing Hess stockholder approval and clearing the Federal Trade Commission (FTC) antitrust review, convinced that preemptive rights in the Stabroek block joint operating agreement do not apply.

Following the arbitration win, Chevron highlighted: “With the merger complete, Chevron and Hess are moving forward with integrated operations—and looking forward to a quick, efficient transition. When two companies come together, the result should be more than just bigger—it should be better, too.

Click here to read the full article
Source: Offshore Energy

Do you have any questions or thoughts about the topic related to Chevron-Hess merger? Feel free to contact us here or leave a comment below.