XOM hits record Permian output at 1.6 MMBoE/day, with tech-driven recovery gains and bold growth plans through 2030.

The U.S. is experiencing its highest power demand growth in decades, driven primarily by the electrification of oil and gas production in the Permian Basin and the rapid expansion of data centers ...

Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of geology, ...

In the Permian Basin, which spans West Texas and southeastern New Mexico, the rig count remains steady at 265. That’s unchanged from last week but down from 305 rigs at this time in 2024.

Although U.S. production in the oil-and-gas-rich Permian Basin grew in 2022, it remained below 2019 levels for most of the year.

Th deal would increase Viper’s position in the Permian Basin to 32,000 acres, and up to 48,000 boe/d of production, with 60 active rigs in the area, the announcement read.

The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100-billion after several multi-billion dollar deals, consultancy Wood ...

According to the Economic Impact report, the Permian also contributed: $18.2 billion in taxes collected across Texas and New Mexico associated with Permian Basin activity 853,924 jobs nationwide.

Join the conversation The deal is part of Ovintiv's efforts to expand its operations in the Permian basin. Photo by REUTERS/Angus Mordant/File Photo Shale producer Ovintiv Inc on Monday agreed to buy ...

Oil output in the Permian Basin is set to hit another record of 5.499 million barrels per day in December, but production is rising very slowly in the biggest U.S. shale oil basin even though U.S ...

MIDLAND, Texas (KOSA) - The countdown begins to the 2025 Permian Basin Gives event. During this one-day event, Permian Basin residents are encouraged to support the nonprofit of your choice as ...