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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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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.
Major international oil companies are refining their long-term strategies as market conditions and energy demand expectations continue to evolve

Oil majors adjust strategy amid shifting energy outlook

Major international oil companies are refining their long-term strategies as market conditions and energy demand expectations continue to evolve. According to a recent report, several large producers are reassessing capital allocation, balancing investments in traditional oil and gas projects with selective expansion into lower-carbon initiatives. The adjustments reflect a focus on maintaining strong cash flow while responding to policy pressures and changing investor expectations.

The article highlights that companies are prioritizing disciplined spending and shareholder returns, with many emphasizing dividends and share buybacks supported by steady production levels. At the same time, executives are taking a measured approach to energy transition investments, targeting projects that align with profitability goals rather than pursuing aggressive diversification. This shift underscores the industry’s effort to remain competitive while navigating regulatory developments and global demand trends.

For investors, these strategic updates signal a continued emphasis on operational efficiency and capital discipline across the sector. The evolving balance between traditional energy production and emerging opportunities may influence long-term valuations, particularly as companies seek to generate consistent returns while adapting to a changing energy landscape.

Source: Financial Times
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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.
Wall Street stocks rose to start the year, with energy shares in focus after US forces captured Venezuelan President Nicolás Maduro.

Oil shares rise after Venezuela raid

U.S. stocks moved higher on Monday, supported by gains in energy companies and major banks. The S&P 500 added 0.6% to 6,902.05, the Dow Jones Industrial Average climbed 1.2% to a record 48,977.18, and the Nasdaq rose 0.7% to 23,395.82. Smaller-company stocks also advanced, with the Russell 2000 up 1.6%, while European markets generally increased as well.

Energy stocks strengthened after U.S. forces captured Venezuelan President Nicolás Maduro in a weekend operation, drawing renewed attention to the country’s oil sector. U.S. crude rose 1.7% to $58.32 a barrel and Brent gained 1.7% to $61.76. Chevron jumped 5.1%, Exxon Mobil rose 2.2%, and Halliburton gained 7.8% after President Donald Trump discussed a plan for U.S. oil companies to help rebuild Venezuela’s industry, where output is currently around 1.1 million barrels per day and could rise with investment.

Investors also tracked moves in other markets and upcoming economic reports. Gold rose 2.8%, silver gained 7.9%, and bitcoin traded near $94,700. Treasury yields eased, with the 10-year at 4.15%. This week’s calendar includes data on services activity and jobs that could influence expectations for Federal Reserve policy; markets have been anticipating the Fed will keep rates unchanged at its meeting later in January.

Source: AP News
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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.
New Mexicans living and working in the Permian Basin power global energy leadership, driving the basin toward 50% of US oil by 2030.

Permian partnership highlights workforce, safety, and community investment

An opinion column from Tracee Bentley, president and CEO of the Permian Strategic Partnership (PSP), argues that sustaining Permian Basin growth depends on continued investment in the southeast New Mexico communities that support energy development. Bentley writes that if the Permian Basin were a country, it would rank among the world’s top oil producers, and that the region could account for 50% of U.S. oil production by 2030. She says energy companies formed the PSP to collaborate on regional priorities, reporting more than $214 million in direct spending over six years and over $2.3 billion in leveraged collaborative investments.

The piece focuses on workforce development and public services needed to support long-term activity, citing an estimated need for nearly 186,000 additional workers by 2040. Bentley highlights PSP support for career and technical programs in Hobbs, Artesia, and at Southeast New Mexico College, including $15 million in funding this year. She also points to expanded commercial driver training at New Mexico Junior College (with an estimated need for 7,000 new drivers by 2040), regional first-responder training with Eddy County Fire and Rescue, and a $325,000 investment for five cardiac monitors for Carlsbad Fire Department units. Bentley adds that the Permian region represents 9.2% of New Mexico’s population but produces 25.9% of the state’s private-sector GDP, framing these efforts as support for a durable economic base tied to the Permian Basin and ongoing oil and gas royalties.

Source: Albuquerque 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.
The total number of active drilling rigs for oil and gas in the US increased this week, with oil rigs rising for the third consecutive week.

US oil rig count rises for third consecutive week

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The total oil rig count of active drilling rigs in the US increased this week, with oil rigs rising for the third consecutive week.

The total rig count in the US rose to 542, according to Baker Hughes, down 46 from this same time last year. The rig count is still near four-year lows.

The number of oil rigs rose by 2 for the third week in a row, reaching 418. Year over year, this represents a 70-rig decline. The number of gas rigs stayed the same at 118 for a gain of 22 active gas rigs from this time last year. The miscellaneous rig count rose 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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Oil futures rose on Friday, with U.S. crude up 6% for the week, as traders watched escalating Ukraine-Russia tensions.

US oil prices score a more than 6% weekly gain on supply risks tied to the Russia-Ukraine war

Oil futures settled higher on Friday, with the U.S. crude benchmark up by more than 6% for the week as traders continued to monitor escalating tensions between Ukraine and Russia, which is among the world’s biggest oil producers. Let’s talk more about oil prices score.

Still, downbeat economic data from Europe fed concerns over a potential slowdown in energy demand, as European business activity sank to a 10-month low, helping to limit gains for oil and keep WTI and Brent prices down year to date.

Oil prices score

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Source: Market Watch

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The total number of active drilling rigs for oil and gas in the US rose this week, according to new data from Baker Hughes.

US Oil Drilling Activity Inches Up

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. Ready to learn more about US Oil Drilling Activity?

The total rig count rose by 1 this week to 586, compared to 622 rigs this same time last year.

The number of oil rigs rose by 2 this week to 481—down by 20 compared to this time last year. The number of gas rigs fell by 1 this week to 101, a loss of 16 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 4.

Meanwhile, U.S. crude oil production rose in the week ending October 4, according to weekly estimates published by the Energy Information Administration (EIA). Current weekly oil production in the United States, according to the EIA, has resumed its all-time high at 13.4 million bpd.

Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells that are unfinished, fell in the week ending October 4, from 238 back to 236.

Drilling activity in the Permian stayed the same this week at 304—a figure that is just 7 fewer than this same time last year. The count in the Eagle Ford rose by 1 this week to 49. Rigs in the Eagle Ford are now 2 below where they were this time last year.

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Source: Oil Price

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The EIA said on Monday that American shale output from the top-producing regions would soar to a six-month high in June.

American Shale output hits heading for 6-month high in June

The U.S. oil output hit an all-time high in the final two months of 2023. It is with year-over-year growth clocking in at over 1 million barrels per day. This is what the Energy Information Administration (EIA) said on Monday. Basically, the American shale output from the top-producing regions would soar to a six-month high in June.

This was during the monthly Drilling Productivity Report released on Monday. the EIA said production in the top basins in the American shale. Its patch would hit 9.85 million barrels per day–a volume not seen since December.

Shale output accounting for some 75% of total U.S. oil production and well productivity. It improved by the day, output has a clear path for increasing.

According to the EIA, the production per new drilling rig in the Permian basin should hit 1,400 bpd in June, compared to 1,386 in May, which also represents the highest monthly output per single rig since late 2021. Overall, output in the Permian Basin is expected to rise to 6.19 million bpd for a total rise of nearly 18,000 bpd. By comparison, Eagle Ford output in Texas is poised to reach 1.11 million bpd–a record since last December, while output in the Bakken will increase just barely.

In December last year, U.S. crude oil production rose from 11 million bpd in July to 13.3 million bpd. This is as producers took advantage of higher oil prices coming off a pandemic.

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Source: Oil & Gas 360

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