The following is a summary of the 283 new well permits approved the week of Aug 6 2022 in Texas, Oklahoma, Louisiana and New Mexico.

The IRA bill is a $370 billion of climate spending in the new bill would cut US emissions roughly 42% below 2005 levels by 2030, or by 3.8 billion metric tons of carbon dioxide equivalent.

S&P Global reported Devon is raising its full-year 2022 production forecast by 3% to a range of 600,000-610,000 b/d of oil equivalent

The Kirby In Situ Oil Sands Project approval of the Kirby North Light Hydrocarbon Recovery Facility in the Kirby North Development Area.

Five new Pipeline projects in Texas—four newly announced projects and one project under construction—since the last update in April 2022. Of the four new projects, three will expand capacity for existing pipelines, and one will be a new pipeline. If completed as planned, these five projects together would increase takeaway capacity out of the Permian Basin by a combined 4.18 billion cubic feet per day (Bcf/d) over the next two years.

Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that one of its wholly-owned subsidiaries has completed the previously announced acquisition of Lucid Energy Delaware, LLC (“Lucid”) for $3.55 billion.

Paramount Resources last week had Permit 60,925 approved to add 7.20 KM of pipeline to connect Compressor station to pipeline