Permian – Oil & Gas 360

New Era Helium Advances Hyperscaler Discussions and Prepares for Board Expansion to Accelerate AI Infrastructure Strategy in the Permian Basin

June 12, 2025

(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. New Era Helium, Inc. (Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., is in active discussions with certain large enterprise customers to anchor its planned AI infrastructure buildout

Permian oil producers face higher costs with new saltwater rules

June 10, 2025

(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources. The Railroad Commission of Texas, the energy regulator of the top U.S. oil-producing state,

Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

June 5, 2025

(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025. As a regulator of the nation’s largest oil and natural gas producing state, I’ve seen these scary headlines many times before, but here’s the good news: they are always wrong.

Texas RRC issues enhanced guidelines for Permian disposal wells

May 19, 2025

(World Oil) – Utilizing scientific and engineering analysis, the Railroad Commission of Texas has issued new guidelines that further strengthen permitting of disposal wells in the Permian basin. In order to further enhance the integrity of the underground disposal of produced water, new requirements will be implemented for saltwater disposal well (SWD) permit applications in the region. Produced water is

The next big shale boom could be north of the border

May 14, 2025

(Oil Price) – The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian. And it’s in Canada. The Montney

Chevron meets Wall Street profit estimates but cuts buybacks in Q2

May 2, 2025

(BOE Report) – Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil. The company’s share repurchases this year could be between $11.5 billion and $13 billion, said Chevron Chief Financial Officer Eimear Bonner, which would be in

Diamondback pursues JV for gas-fueled plants to power Permian data centers

February 26, 2025

(World Oil) – (Bloomberg) – Diamondback Energy Inc. is in talks to form a power joint venture that would solve some of the shale giant’s own needs in the Permian Basin while also selling electricity to artificial intelligence data centers in West Texas. Diamondback says it’s looking for an equity stake in a gas-fired power plant that would be built on

Elk Range expands Permian, Eagle Ford assets with strategic acquisition

January 31, 2025

(World Oil) – Elk Range Royalties has announced its acquisition of Newton Financial Corporation, LP, Concord Oil Company, LP, and Mission Oil Company, (Newton/Concord) who collectively own a substantial mineral and royalty interest asset spanning the Permian and Eagle Ford basins. This strategic transaction expands Elk Range’s footprint across premier oil and gas producing regions in Texas. The acquisition includes approximately

Phillips 66 to grow Permian midstream business with EPIC NGL acquisition

January 7, 2025

(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) announced today that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems (“EPIC NGL”) for total cash consideration of $2.2 billion, subject to customary purchase price adjustments. Upon

$SPM frac pump achieves 13,000 pumping hours in Permian before first overhaul- oil and gas 360$

SPM frac pump achieves 13,000 pumping hours in Permian before first overhaul

December 10, 2024

(World Oil) – SPM™ Oil & Gas announced that their SPM™ WS 335 Frac Pump has achieved more than 13,000 pumping hours in the Permian before its first overhaul. As conventional frac pumps are commonly rebuilt at 3,000 hours and discarded at 6,000 hours, this milestone demonstrates the WS 335’s ability to last four times longer than traditional pressure pumping

LandBridge to acquire Permian acreage valued at $245 million from VTX Energy

November 20, 2024

(World Oil) – LandBridge today announced it has entered into a purchase and sale agreement to acquire approximately 46,000 largely contiguous surface acres in the Southern Delaware Basin known as the Wolf Bone Ranch for total consideration of $245 million in cash from VTX Energy Partners, a subsidiary of Vitol. Located adjacent to LandBridge’s existing surface acreage in Reeves County, Texas,

Permian producer Matador raises 2024 oil projections to 100,000 bopd

October 24, 2024

(World Oil) – Matador Resources Co. plans to produce more oil in 2024 than previously planned, a signal that wells in the western part of the Permian basin — the busiest U.S. oil field — continue to lead national oil growth. Dallas-based Matador now plans to produce an average of 98,500 to 101,500 bopd in 2024, a 5% increase from

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