Between 2020 and 2024, 93% of U.S. crude oil growth came from just 10 counties in the Permian Basin, led by Lea and Eddy in New Mexico and Martin and Midland in Texas. Year-to-date drilling reinforces this trend, with Eddy and Lea surpassing 1,300 wells drilled and major operators like Exxon, Diamondback, and OXY dominating activity.
Diamondback Energy Reshapes Midland Basin Portfolio with Dual Water and Midstream Moves
Diamondback Energy announced two major Midland Basin transactions today: the $750M sale of Environmental Disposal Systems to Deep Blue, nearly doubling Deep Blue’s water infrastructure scale, and the $500M sale of its 27.5% stake in EPIC Crude Holdings to Plains All American Pipeline. Together, the moves highlight Diamondback’s strategy of recycling midstream capital while reinforcing its long-term focus on Permian development and sustainable water management.
U.S. Natural Gas: Strategic Growth Amid Economic Uncertainty
Dell’Osso highlighted the resilience of U.S. natural gas demand, driven by LNG exports, data center growth, and AI-powered electricity needs, which together are expected to add 5 Bcf/d of incremental demand before the end of the decade.
Cotera Energy CEO Tom Jorden on Oil Prices, Permian Growth, and the Future of Gas
Coterra Energy is positioned for resilience in oil & gas cycles, with balanced production and diversified assets. Jorden sees near-term oil price risk to the downside, making gas infrastructure and in-basin consumption (like data centers) increasingly important. Key challenges ahead include water management, regulatory reform, and sustaining operational excellence while navigating market volatility.
Chevron’s AI Bet: How an Oil & Gas Giant Is Building for the Digital Future
Chevron saw the potential of AI early. In 2018, the company partnered with MIT to create a bespoke training program. Each year, Chevron sends employees—many of them seasoned professionals—back to school for a full year of AI immersion, while keeping them on full salary.
EOG Ezra Yacob Keynote Highlights – Unconventional Approaches for Unconventional Times
The University of Texas at Austin kicked off its 10th annual Energy Week, bringing together students, faculty, industry leaders, and policymakers to discuss the future of energy. Here’s a structured summary of the University of Texas at Austin’s Energy Week introduction and keynote address by EOG Resources CEO Ezra Yacob:…
How Tracer-Driven, Data-Informed Processes Are Changing the Game in the Permian
Tracer-driven: Operators use tracers—tiny markers pumped into wells—to see where fluids actually go underground. Data-informed: Once that evidence is collected, it’s paired with production data and analytics to guide decisions about well design, spacing, and how future wells should be completed.
Crescent Energy ⟶ Acquire Vital Energy Review
Crescent Energy (NYSE: CRGY) signed a definitive agreement to acquire Vital Energy (NYSE: VTLE) in an all-stock deal valued at ~$3.1B (incl. debt), creating a top-10 independent with a clear path toward an investment-grade profile.
Coterra Energy’s Permian Activity Points to Potential Ramp-Up
The Texas Commission on Environmental Quality (TCEQ) recently approved eight new air permits for Coterra Energy, covering projects in Martin, Midland, and Upton counties.
Eiger Express Pipeline: New Midstream Capacity to Match Permian’s Growth
U.S. midstream companies ONEOK, WhiteWater, MPLX LP, and Canada-based Enbridge Inc. have reached a final investment decision (FID) on a major new natural gas conduit: the Eiger Express Pipeline.