Wells Drilled in Texas by Quarter Since 2017: A Window Into the U.S. Shale Factory Model

The factory model isn’t just a tactic—it’s a transformation. The Texas drilling chart reflects more than numbers. It shows that U.S. shale’s greatest strength is its ability to sustain output predictably and efficiently. This matters not only for domestic energy stability, but also for global trade, emissions reduction, and long-cycle investment.

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ConocoPhillips Transfers 33 Air Permits to U.S. Energy in Reeves County (BARSTOW & PECOS Focus)

The Permian Basin continues to reshape its operator landscape. In a notable development, ConocoPhillips has transferred 33 air permits to U.S. Energy Development Corporation (USEDC), marking a strategic pivot for both companies. The permits—filed under the Texas Commission on Environmental Quality (TCEQ)—cover key batteries and wellsites concentrated in Reeves County, including operations near Barstow and Pecos.

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Permian Basin Well Permits Decline — AI Forecast Confirms Downward Trend

The Permian Basin, the beating heart of U.S. shale oil production, is experiencing a notable contraction in drilling activity this spring. Based on a combination of historical data and AI-driven time series forecasting, well permit volumes from March through May 2025 are expected to total approximately 1,790 permits — a sharp decline from the 2,304 permits issued during the same period in 2024.

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Ring Energy Expands in Andrews County Again as Chord Energy Transfers Facility to Ring

Ring Energy’s facility acquisitions, revealed through TCEQ permit transfers, underscore its strategic expansion in Andrews County. As Chord Energy refocuses on the Williston Basin, Ring consolidates CBP assets to drive low-cost, margin-rich growth. These regulatory transfers aren’t just formalities — they’re indicators of who’s doubling down and who’s cashing out in the Permian Basin.

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