Tag Archive for: oilproduction

Railroad Commission of Texas (RRC) Commissioner Wayne Christian praised “record port activity” and “rising oil production” in the state.

Texas oil activity gains support from ports and production

Rigzone reported that Railroad Commission of Texas Commissioner Wayne Christian pointed to stronger port activity and higher production as signs of continued momentum for the state’s oil and gas sector. The article highlighted the Port of Corpus Christi’s first-quarter 2026 results, with customers moving 54.5 million tons of commodities through the Corpus Christi Ship Channel, its strongest first-quarter performance on record and 6.1% above the same period in 2025.

The report also noted Diamondback Energy’s plan to increase exports and expand activity in response to changing global supply conditions. According to the company’s May 4 stockholder letter, Diamondback expects to maintain production above 520,000 barrels of oil per day, about 3% higher than its original 2026 guidance, while running five completion crews and adding rigs to support future flexibility. For readers following oil production in Texas, the update underscores how infrastructure, drilling activity, and market signals can influence output trends.

Texas production figures from the RRC showed preliminary February 2026 crude oil volume of 117.6 million barrels and natural gas volume of 965 billion cubic feet. Martin County led preliminary crude oil production at 19.4 million barrels, while Webb County led preliminary gas production at 85 billion cubic feet. These figures may be relevant for mineral owners and investors tracking regional production trends and oil and gas royalties.

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.
Permian Basin oil output to grow modestly in 2026, per East Daley analysis of 14 public operators’ guidance.

ExxonMobil leads Permian growth outlook for 2026

Midland Reporter-Telegram reports that Permian Basin oil production is expected to grow modestly in 2026, based on East Daley Analytics’ review of guidance from 14 public operators. The firm’s survey points to an increase of 183,000 barrels per day, or 2.7%, across the group. ExxonMobil accounts for the largest share of that outlook, with projected growth of 113,000 barrels per day as it continues expanding its Permian program.

Rich Dealy, ExxonMobil’s vice president for the Permian Basin, said the company’s growth plans remain unchanged following its merger with Pioneer Natural Resources. ExxonMobil holds about 1.5 million acres in the region and continues to focus on longer laterals, cube development, new technology, trades, and bolt-on acquisitions. The company’s stated goal is to reach 2 million barrels per day from the Permian by the end of 2030. For readers tracking oil well production and broader Texas oil production, the figures highlight how large operators continue to shape regional output trends.

Outside ExxonMobil, East Daley’s analysis indicates more moderate growth, with Permian Resources guiding for 6% and Occidental forecasting 3.6%. The report also notes that many public companies are still emphasizing capital discipline, with any increase in drilling activity likely taking months before it reaches production, pipelines, and refiners.

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.
TIPRO report: U.S., Permian, and Texas oil output hit records as flaring intensity fell sharply in recent years.

Permian output reaches record levels as flaring eases

A new report from the Texas Independent Producers and Royalty Owners Association found that oil production in the United States, Texas, and the Permian Basin has reached record levels while flaring intensity has moved lower in recent years. According to the report, U.S. flaring intensity is down 45% since 2019, while oil production increased 8% over the same period. Texas and the Permian Basin posted larger improvements, with flaring intensity down about 50% and 62%, respectively.

The Permian Basin produced about 6.3 million barrels of crude oil per day, representing nearly half of total U.S. oil output. Texas also surpassed 2 billion barrels of annual production for the first time. From 2023 to 2024, Permian production increased 6%, while flaring intensity eased nearly 10% and flared volumes were reduced by 4%. The report pointed to expanded pipeline takeaway capacity, including projects such as Gulf Coast Express, Permian Highway Pipeline, and Matterhorn Express, as an important factor supporting those results.

For market participants, mineral owners, and readers following oil production in Texas, the findings highlight how infrastructure development can support higher shale output while improving operational efficiency. The report also provides useful context for those tracking oil and gas royalties, since production growth and midstream capacity can influence long-term activity across major producing regions.

Source: World Oil

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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.
Production in West Texas has helped the U.S. stabilize its demand for foreign oil amid the Iran war, despite drilling fewer oil wells.

West Texas oil output gains spotlight amid global supply shifts

Oil production in West Texas is drawing renewed attention as global supply dynamics evolve, with U.S. producers positioned to play a key role in balancing markets. The article highlights how developments tied to Iran’s oil exports and broader geopolitical considerations are influencing expectations for supply levels. As uncertainties affect international output, production from the Permian Basin remains a critical factor in maintaining stability, supported by established infrastructure and continued operational efficiency.

Producers in the region have demonstrated the ability to respond to changing market conditions, with steady output levels and ongoing investment in drilling and development. This responsiveness is especially relevant as policymakers and market participants monitor supply flows from major oil-producing nations. The article notes that while global events can shift short-term expectations, the consistent performance of U.S. shale—particularly in West Texas—provides a dependable source of supply.

For investors and industry stakeholders, the situation underscores the importance of domestic production in the broader energy landscape. West Texas operations continue to offer visibility into production trends, cost structures, and infrastructure capacity, all of which contribute to long-term planning and market confidence. As global supply conditions evolve, the region’s role remains central to discussions around energy security and market balance.

Source: 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.
US-controlled Venezuelan oil sales could bring in about $5B more revenue over the next few months, said US Energy Secretary Chris Wright.

U.S.-managed Venezuelan oil sales projected to bring $5 billion

Oil sales from Venezuela that have been administered under a U.S.-controlled framework for about five weeks are expected to generate roughly $5 billion in additional revenue over the next few months, according to U.S. Energy Secretary Chris Wright in an interview with NBC News. Wright said sales to date have topped $1 billion and that short-term agreements are in place for further deliveries. He made the comments during a trip to Venezuela that included meetings with interim President Delcy Rodríguez.

Wright said proceeds from the crude sales are routed through a U.S. Treasury-controlled account and ultimately remitted back to Venezuela, with commodity traders Vitol and Trafigura involved in handling the transactions. The report also noted that the U.S. has already transferred $500 million in sale proceeds to Caracas following a deal reached in January. Wright added that restoring Venezuela’s oil sector would require substantial investment, and he signaled expectations for higher oil, natural gas, and power production, while noting that recent legal changes are a constructive step but may still fall short of attracting large-scale capital. For related market context, see Ranger’s coverage of U.S.-Venezuela tensions and supply uncertainty.

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.
US Energy Secretary Chris Wright said that the world needs to more than double its oil production to bring more people out of energy poverty.

U.S. energy secretary urges major rise in global oil output

U.S. Energy Secretary Chris Wright said the world needs to more than double oil production, arguing that higher supply is critical to expanding access to reliable, affordable energy. Speaking at the World Economic Forum in Davos, Wright framed the issue as an “energy poverty” challenge and suggested global oil demand will remain durable for decades.

Wright also discussed how policy and regulatory frameworks can affect energy investment and cross-border energy trade, including requirements tied to emissions monitoring and reporting. He pointed to the scale of today’s market as context for his remarks, noting that global supply is already above 100 million barrels per day and that the U.S. has expanded production and export capacity in recent years. For additional context on U.S. output trends, see Ranger’s updates on recent EIA production forecasts and record onshore production on federal lands.

Source: Upstream
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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 associated natural gas output rose 6% in 2024, mirroring Permian crude oil production growth, according to the EIA.

Permian Basin oil boom propels 2024 rise in US associated natural gas

The Permian Basin’s role as the nation’s dominant crude oil producing region is translating to a role as the nation’s dominant natural gas producing region.

According to the U.S. Energy Information Administration, U.S. production of associated dissolved natural gas, also known as associated natural gas, increased by 6% in 2024. This mirrored the growth in crude oil production from the Permian region.

Associated natural gas production averaged 18.5 billion cubic feet per day in 2024, according to data from Enverus DrillingInfo.

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Source: mrt

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The total number of active drilling rigs for oil and gas in the US rose this week, Baker Hughes reported Friday.

Oil and gas rig count ticks up in the US as production hits new high

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. Let’s talk more about oil and gas rig count.

The total rig count in the US rose to 548 this week, according to Baker Hughes, down 37 from this same time last year.

The number of active oil rigs stayed the same in the reporting period, according to the data, at 414. Year over year, this represents a 65-rig decline. The number of gas rigs rose by 3 to 128, which is 26 more than this time last year. The miscellaneous rig count fell by 1 to 6.

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Source: Oil Price

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From 2020–24, 93% of US oil growth came from the 10 counties in Texas and New Mexico, while the rest added just 130K b/d.

Ten Permian Counties Account for 93% of US oil production growth since 2020

Between 2020 and 2024, total crude oil and lease condensate production in the United States Ten Permian Counties. It grew by 1.9 million barrels per day (b/d), 93% of which was produced from just 10 counties in Texas and New Mexico. Production from the rest of the United States, including producing areas in offshore state or federal waters, grew by just 130,000 b/d.

The 10 counties are all within the Permian Basin, a large geologic feature underlying 66 counties in New Mexico and Texas. Two of these counties, Lea and Eddy in New Mexico, accounted for nearly 1.0 million b/d of U.S. production growth (52%) between 2020 and 2024. Martin and Midland in Texas accounted for an additional 0.40 million b/d (21%). Six additional counties in Texas—Andrews, Glasscock, Howard, Loving, Reagan, and Ward—together grew by 0.36 million b/d (19%), based on county-level production data from Enverus.

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Source: eia

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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.

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Source: Oil & Gas 360

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