Texas Archives - Oil & Gas 360

The Permian Basin: America’s Strategic Oilfield and the Closest Thing to a National Energy Asset

May 6, 2026

(Oil & Gas 360) By Greg Barnett, MBA – No oilfield on earth better illustrates the intersection of geology, law, capital markets, technology, and geopolitics than the Permian Basin. Spanning West Texas and southeastern New Mexico, the Permian today produces more crude oil than any basin in the world, exceeding the output of most OPEC member states and rivaling entire nations.

Buccaneer Energy expands Texas output with Carlisle-1 well acquisition

March 17, 2026

(World Oil) – Buccaneer Energy has acquired a 100% working interest in the Carlisle-1 well in the Pine Mills field, East Texas, strengthening its position in the Fouke area and increasing near-term production and cash flow. The well is currently producing about 25 bopd, lifting the company’s total output to approximately 155 bopd. Carlisle-1 benefits from low operating costs of about $6.23/bbl and

ExxonMobil looks to align its legal home with Texas operations

March 10, 2026

(World Oil) – Exxon Mobil Corp.’s board of directors has unanimously recommended that shareholders approve relocating the company’s legal domicile from New Jersey to Texas, aligning its corporate structure with operations that have been based in Texas for decades. The proposed move would not affect ExxonMobil’s business operations, strategy, assets, or workforce locations, the company said. ExxonMobil relocated its headquarters to

Oilfield services jobs edge lower to close 2025, EWTC data shows

January 14, 2026

(World Oil) – Energy Workforce & Technology Council said U.S. oilfield services employment edged lower in December 2025, closing out a year marked by workforce adjustment and market uncertainty. Energy services employment totaled 629,372 jobs in December, down 184 positions from November, according to preliminary data from the Bureau of Labor Statistics and EWTC analysis. The December figures cap a year in which

Freeport LNG’s Texas export plant to take in more natural gas on Friday, data shows

November 21, 2025

(BOE Report)– U.S. liquefied natural gas company Freeport LNG’s export plant in Texas was on track to take in more natural gas on Friday in a sign that one of its three liquefaction trains has returned to service after shutting on Thursday, LSEG data and regulatory filings show. Freeport is one of the world’s most closely watched U.S. LNG export

NextDecade approves $6.7 billion expansion of Rio Grande LNG

October 17, 2025

(Oil Price)– U.S. LNG developer NextDecade Corporation has decided to invest $6.7 billion in the expansion of its Rio Grande LNG facility in Texas in another boost to America’s LNG export capacity in the coming years. NextDecade has just announced a positive final investment decision (FID) on Train 5 at Rio Grande LNG, closed financial transactions to fully fund Train 5 and

ExxonMobil retreats from Europe, credits Trump for pro-oil stance

October 14, 2025

(World Oil)– Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while praising U.S. President Donald Trump’s approach. The Texas oil and gas giant is slowing investment in Europe and selling assets, with Woods describing the bloc’s climate and human rights regulations as “slowing things down and trying to over-prescribe unpractical” solutions. He

Baytex mulls $3 billion Eagle Ford sale to refocus on Canadian operations

October 9, 2025

(World Oil) – Baytex Energy Corp., a Canada-based oil and gas producer, is weighing an exit of its operations in the Eagle Ford shale of south Texas to refocus on its domestic assets, according to people familiar with the matter. Baytex, which significantly extended its reach into the basin just two years ago via a takeover of Ranger Oil, is working

Halliburton reduces workforce as oil activity slumps, sources say

September 5, 2025

(BOE Report)– U.S. oilfield services provider Halliburton has been cutting staff in recent weeks, according to two sources familiar with the matter, marking the latest workforce reduction in the U.S. oil industry as it faces rising costs and a period of lower prices and volatility. Global benchmark Brent crude oil prices have dropped more than 10% this year amid uncertainty

Enbridge Announces 600-Megawatt Solar Project to Support Meta Platforms, Inc. Data Center Operations

July 22, 2025

Oil & Gas 360– CALGARY, AB, July 22, 2025 /CNW/ – Enbridge Inc. (Enbridge or the Company) announced that it has reached a final investment decision on Clear Fork, a 600 MW solar project in Texas. Clear Fork will be a utility scale solar facility located near San Antonio, with 600 MW of capacity. Construction is underway, and the facility is expected to enter

Texas oil family to benefit from potential $8-billion Mitsubishi deal

June 20, 2025

(Oil Price)– Father and son, Albert and Gordon Huddleston, part of the Texas oil dynasty of H.L. Hunt, are expected to become even richer if a rumored $8-billion deal with Mitsubishi Corp goes through. Albert and Gordon Huddleston are descendants of Haroldson Lafayette Hunt, who founded and grew the family oil business in the 1930s and 1940s with hundreds of

Chevron enters lithium sector with acreage buy in Texas, Arkansas

June 17, 2025

(BOE Report) – Chevron said on Tuesday its has acquired on lease about 125,000 net acres in northeast Texas and southwest Arkansas, marking the entry of the U.S. oil major into domestic lithium production. Energy giants, including Exxon Mobil, have been looking to leverage their expertise in drilling and brine processing to enter the lithium market and support the energy transition. Demand for

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