Tag Archive for: permianbasin

U.S. Energy Secretary Chris Wright visited Midland, highlighting the Permian Basin’s major role in boosting U.S. domestic energy production.

Energy secretary highlights Permian growth during Midland visit

U.S. Energy Secretary Chris Wright visited Midland, Texas, as part of the Great American Energy Comeback Tour, highlighting the Permian Basin as a major contributor to domestic energy production. Wright toured an ExxonMobil drilling site and met with industry leaders to discuss production, technology and the region’s role in U.S. energy policy. Permian oil output has grown from roughly 900,000 barrels per day in 2010 to more than 6.5 million barrels per day, representing nearly half of current U.S. oil production.

Natural gas production in the basin has expanded as well, rising from about 4.5 billion cubic feet per day in 2010 to approximately 28 billion cubic feet per day. The growth reinforces the importance of continued investment in drilling technology, processing, transportation and Permian natural gas takeaway capacity. Wright also indicated that federal officials are preparing measures intended to encourage additional fuel production from U.S. refiners, placing domestic oil, natural gas and refining capacity at the center of current energy policy discussions.

For energy markets and investors, the Midland visit highlights the scale of the Permian’s contribution to U.S. supply and the continuing policy attention surrounding the infrastructure and operating capacity needed to support production.

Source: The Texan
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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.
Citigroup analysts expect Permian natural gas production to grow enough for the region to become the largest U.S. gas basin by 2030.

Permian could lead U.S. natural gas production by 2030

Citigroup analysts expect the Permian Basin’s natural gas production to continue expanding enough for the region to become the largest U.S. gas-producing basin by the end of the decade. The West Texas and southeastern New Mexico basin could surpass the Marcellus, which has held the top position since 2012. Citi analyst Scott Gruber said the Permian could take the lead as early as 2030, depending partly on oil prices.

Much of the Permian’s natural gas is produced alongside crude oil, meaning production levels are influenced heavily by the economics of oil development rather than natural gas prices alone. This dynamic could alter U.S. gas supply patterns as Permian output grows. Citi noted that additional supply from the region may reduce how much gas-focused areas such as the Haynesville need to increase production as LNG exports, data centers and other sources of demand expand.

Pipeline capacity remains an important part of the outlook. Permian gas production exceeded available takeaway capacity at times during 2026, contributing to regional pricing dislocations. Several new infrastructure projects have secured financing, including developments designed to expand Permian natural gas takeaway capacity. Added pipeline access could help move growing volumes toward Texas and Gulf Coast markets as the basin’s role in U.S. natural gas supply increases.

Source: Bloomberg
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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.
Atlas Energy Solutions plans to expand its Permian Basin autonomous truck fleet from 28 to 100 by mid-2027, partnering with Kodiak AI.

Atlas plans 100 driverless trucks for Permian logistics

Atlas Energy Solutions plans to expand its Kodiak AI-powered autonomous truck fleet in the Permian Basin from 28 vehicles operating as of March 31, 2026, to 100 by mid-2027. The trucks transport proppant, commonly known as frac sand, to oil and gas well sites across West Texas and eastern New Mexico. Atlas and Kodiak also expect the fleet to begin operating on public roads in early 2027, subject to regulatory and operational milestones.

The expansion includes a second truck load-out location along Atlas’ 42-mile Dune Express conveyor system, allowing the company to serve multiple well sites simultaneously and increase daily delivery capacity. By the end of March, the autonomous fleet had reportedly completed approximately 7,000 deliveries, transported more than 450,000 tons of sand and recorded over 23,500 hours of driverless operation. The program reflects the industry’s growing use of advanced Permian well technologies and digital tools across Permian operations to improve logistics, equipment utilization and responsiveness during well completion activities.

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.
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.
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.
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.
A majority of oil and gas executives expect U.S. oil production to increase, driven by geopolitics and flexible Permian Basin producers.

U.S. oil output seen rising as conflict reshapes outlook

According to a recent report from Rigzone, a majority of oil and gas executives expect U.S. crude production to increase, influenced in part by ongoing geopolitical tensions. Survey findings indicate that market participants anticipate higher domestic output as operators respond to shifting global supply dynamics and pricing signals. Executives cited the ability of U.S. producers—particularly in key regions like the Permian Basin—to adjust activity levels relatively quickly compared to international competitors.

The report highlights that sustained demand and supportive price conditions are encouraging companies to maintain or expand drilling programs. This flexibility is often tied to advancements in shale development and operational efficiency, which allow producers to bring new wells online faster. For investors, this environment reinforces the importance of understanding production trends and regional performance, including metrics like average natural gas well production, which can vary significantly depending on basin and operator strategy.

While executives recognize potential challenges such as cost pressures and regulatory considerations, the overall sentiment points toward steady or rising output levels in the near term. This outlook reflects confidence in the U.S. oil sector’s ability to respond to market conditions, supported by existing infrastructure and ongoing investment in development activity.

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.
ExxonMobil boosts digital tech in the Permian Basin to improve reliability, lower operating costs, and support faster decision-making.

ExxonMobil expands digital tools in the Permian Basin

ExxonMobil is increasing its use of digital technologies across its upstream operations in the Permian Basin to improve reliability, lower operating costs, and support faster decision-making. According to Energies Media, the company is applying data analytics, automation, and connected systems to turn real-time field information into operational insight. That approach is being used in key areas such as drilling performance, equipment monitoring, and production tracking, helping teams spot trends more quickly and respond before inefficiencies grow.

The report says ExxonMobil has developed advisory systems that use artificial intelligence to recommend well-specific drilling settings, with some applications allowing automated adjustments during operations. The company is also expanding sensor networks and connectivity across widely dispersed assets, giving centralized teams a better view of field conditions and enabling remote support. For readers following broader upstream performance trends, Ranger’s guides on oil well production and the environmental impact of oil and gas leasing provide useful background on production monitoring and emissions-related considerations.

In addition to efficiency gains, ExxonMobil says these systems are helping it support emissions detection and overall operational consistency. The article notes that digital monitoring is being integrated into normal workflows rather than handled as a separate process, which can be especially important in a large operating area like the Permian. For investors and industry observers, the update highlights how operators are using technology to improve performance at scale without relying only on higher activity levels.

Source: Energies Media

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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.
Occidental Petroleum, 1PointFive expect Phase1 of the STRATOS DAC plant in Texas' Permian basin to come online in this year’s 2nd quarter.

Stratos carbon capture plant targets second-quarter startup

Occidental Petroleum and its 1PointFive subsidiary said the first phase of the STRATOS direct air capture project in Ector County, Texas, is expected to begin operating in the second quarter of 2026. According to the company, the facility is in the final stage of startup, while commissioning for Phase 2 is also set to begin during the same quarter, with the broader operational ramp-up continuing through the rest of the year. Once fully online, STRATOS is designed to capture as much as 500,000 metric tons of carbon dioxide per year.

The update also outlined key progress already made at the site, including wet commissioning, testing of the CO2 compression system at design pressure, burner testing on the calciner, and the addition of potassium hydroxide for atmospheric CO2 capture. The project has also received Class VI permits for geologic sequestration, with plans to use three wells to store about 722,000 metric tons of CO2 annually in deep saline formations. For mineral owners and energy market watchers, the project adds to the broader conversation around how carbon capture initiatives impact oil and gas leasing and the potential CCUS revenue opportunities tied to emerging infrastructure in Texas and the Permian Basin.

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.
Targa buying Stakeholder Midstream for $1.25B, adding Permian gas assets and ~$200M/yr cash flow with low capex.

Targa Resources to acquire stakeholder Midstream for $1.25B

Targa Resources Corp. has agreed to acquire Stakeholder Midstream LLC in a $1.25 billion all-cash transaction that deepens its presence in the Permian Basin. Stakeholder’s system includes about 480 miles of natural gas pipelines, roughly 180 MMcf/d of cryogenic processing and sour gas treating capacity, carbon capture activities that qualify for 45Q tax credits, and a small crude oil gathering network. The assets are backed by long-term, fee-based contracts across approximately 170,000 dedicated acres with low-decline production, providing Targa with a durable volume and cash flow profile.

The company expects the acquired system to generate about $200 million in annual unlevered adjusted free cash flow, with limited ongoing capital needs and modest integration costs. Targa plans to fund the purchase with existing cash and its $3.5 billion revolving credit facility, with closing targeted for early 2026 subject to customary regulatory approvals. For market participants, the deal underscores continued consolidation in midstream infrastructure and highlights the strategic value of sour gas treating, carbon capture, and fee-based contracts in a growing Permian Basin, where rising natural gas demand from LNG exports and power generation supports long-term throughput.

Source: Seeking Alpha
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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.