Thursday, September 3, 2026

Sabinal Energy Jumps into Permian

Sabinal gets 66,500 acres in northern Permian from Chevron Privately-held Sabinal Energy announced its first acquisition on Tuesday, diving into the Permian Basin. Sabinal will purchase about 66,5000 net acres in the Central Basin Platform and the Northern Shelf from Chevron (ticker: CVX). Sabinal reports that the acquired assets are currently producing about 7,500 BOEPD and are located in Hockley,

Weekly Gas Storage: Fall Build Continues

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks increased by 91 Bcf last week, rising from 3,220 Bcf to 3,311 Bcf. This is below the 3,490 Bcf that was in storage at this point last year, and is