Diversified Energy (OTCQX:DEC) has announced a significant step forward in its growth strategy by acquiring Maverick Natural Resources for $1.275 billion, including debt. This strategic move not only bolsters Diversified’s position in the U.S. energy market but also provides a gateway to the oil-and-gas-rich Permian Basin, particularly the Delaware Basin, known for its prolific production potential.
Texas, traditionally known as the heart of the U.S. oil and gas industry, is undergoing a remarkable energy transformation. In 2024, the Lone Star State emerged as a leader in clean energy megaprojects, with a significant number of large-scale installations across solar, wind, and emerging technologies like green hydrogen.
The Trump administration’s return to the White House has brought bold and decisive energy policies aimed at restoring American energy independence, enhancing economic growth, and securing the nation’s energy future. On his first day in office, President Trump signed six executive orders directly impacting the energy industry, setting the stage for a dynamic transformation.
Oklahoma gained one active rig, bringing its total to 44—two more than this time last year. Meanwhile, the national rig count fell by four to 576, marking the lowest level since December 2021.
At the Atlantic Council’s annual board forum, Chevron Chairman and CEO Mike Wirth delivered insights into the energy industry’s future, focusing on critical topics like the Permian Basin, capital efficiency, and the growing impact of artificial intelligence (AI) on energy demand.
In its Q4 2024 financial report, Halliburton not only showcased its impressive financial performance but also highlighted a series of groundbreaking technological advancements aimed at transforming the oil and gas industry.
Rising tariffs and import restrictions on steel and Oil Country Tubular Goods (OCTG) have sent ripples through the oil and gas industry, altering market dynamics and reshaping cost structures. As key inputs in the exploration, production, and transportation of hydrocarbons, steel and OCTG are integral to energy projects. This blog explores the multifaceted impacts of these policy changes and their implications for the industry.
As we move into 2025, the U.S. oil and gas sector finds itself navigating a complex landscape shaped by declining day rates, shifting rig utilization patterns, and evolving market dynamics. Here’s a look at the key trends from 2024 and what they mean for operators, service providers, and stakeholders in the coming year.
The Texas Commission on Environmental Quality (TCEQ) plays a pivotal role in regulating air permits for 66 compressor stations across the state. In 2024, numerous compressor stations received approval under various project and permit types. This blog delves into the details, providing insights into permit distribution, project types, and geographic trends using the dataset of approved air permits.
The Texas Commission on Environmental Quality (TCEQ) has recently recorded a significant change in ownership of several oil and gas projects from WildFire Energy LLC to Vess Oil Corporation. This transition highlights the dynamic nature of asset management within the energy sector, as companies restructure their portfolios to align with…
