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Energy company Ovintiv has disclosed substantial additions to its oil and gas reserves in the Permian Basin and Montney regions. The expansion reinforces the company's production outlook and long-term resource base.
ExxonMobil is expanding its use of automated drilling technology in the Permian Basin as part of a strategic effort to boost oil production. This move aims to enhance efficiency and increase output from the significant oilfield.
Evolution Petroleum announced a $16 million deal to acquire assets in the Permian Basin and simultaneously launched a stock offering to fund the acquisition.
New pipeline projects are expected to help ease the oversupply of natural gas in the Permian Basin, addressing infrastructure constraints that have impacted prices and production.
Cross Timbers Royalty Trust declared a dividend of $0.0613, while Permian Basin Royalty Trust announced a dividend of $0.0436.
Mexico's geological formations are similar to the Permian Basin, yet its oil production is significantly lower; a CEO argues that now is the opportune moment for Mexico to fully commit to fracking as a historic economic opportunity.
SoftVest and Blackbeard Holdings have put forward a proposal to combine with the Permian Basin Royalty Trust.
Producers in the Permian Basin are reportedly paying buyers to take natural gas due to an oversupply, highlighting a significant market imbalance.
Diamondback Energy plans to increase its Permian Basin oil rigs by 10% by year-end, driven by higher oil prices boosted by ongoing global conflicts.
Permian Basin Royalty Trust has declared a dividend of $0.038, while Mesa Royalty Trust announced a dividend of $0.0402. These declarations inform shareholders of their upcoming payouts.
Wells Fargo has upgraded its rating for Enterprise Products (EPD) to 'Overweight,' citing a positive growth outlook for the company in the Permian Basin.
ConocoPhillips is reportedly exploring the divestment of some of its properties in the Permian Basin, a major oil and gas producing region in the United States.
Citigroup analysts forecast that the prolific oil shale field will lead American natural gas output by the end of the decade, shifting its primary resource dominance.
The Permian Basin Royalty Trust declared a dividend of $0.0187, while the PermRock Royalty Trust announced a dividend of $0.0218.
Targa Resources has signed 20-year midstream agreements with Exxon and announced plans to construct three new natural gas processing plants in the Permian Basin. This move signifies a significant expansion of its operations.
A judge has removed the dunes sagebrush lizard, found in the oil-rich Permian Basin, from its endangered species classification, two years after it was initially listed.
The Permian Basin Royalty Trust has declared a dividend of $0.0247.
Reports of a potential deal to reopen the Strait of Hormuz and withdraw US forces were met with conflicting statements from Iran and the US, with the White House calling Iranian claims of an agreement a "fabrication." Meanwhile, the US delivered its first KC-46 aircraft to Israel, enhancing its capabilities for potential independent strikes on Iran.
Kimbell Royalty Partners has announced a $147 million deal to purchase Permian Basin assets from Mesa Royalties.
Western Midstream has announced an expansion of its Permian Basin presence through the acquisition of Brazos Delaware. The deal is valued at $1.6 billion.
Permian Basin landowner EagleRock is reportedly seeking to raise $346 million through an initial public offering.
EagleRock, a significant landowner in the Permian Basin, has officially filed for an Initial Public Offering (IPO).
Delek Logistics projects an EBITDA of $520M–$560M in 2026, driven by a record-breaking Q4 performance and growth in the Permian Basin.
ConocoPhillips is reportedly weighing the sale of its Permian Basin assets, which are estimated to be worth $2 billion.
Enbridge has agreed to purchase Salt Creek Midstream’s crude gathering network in the Permian Basin for $600 million, significantly expanding its operational footprint in the region. The acquisition strengthens the energy company’s midstream infrastructure and production capacity in one of North America’s most active oil fields.
Ring Energy is targeting a 10% growth rate by leveraging longer laterals to maximize the potential of its Permian Basin assets.
Permian Basin Royalty Trust has announced plans to merge with Blackbeard's U.S. Land Guild business. This strategic move aims to consolidate operations and expand their presence in the energy sector.
Ensign Energy Services Inc. has announced its intention to acquire Citadel Drilling Ltd. for $65 million, a move aimed at expanding its fleet in the Permian Basin.
Toms Capital has taken a significant position in Devon Energy, as reported by the Financial Times, amidst increasing merger and acquisition activity in the Permian Basin.
Kodiak Gas Services has been initiated with an "Outperform" rating by Wells Fargo, positioning it as a key player in the growth of natural gas supply in the Permian Basin.
The Permian Basin Royalty Trust has announced a dividend of $0.0203 per unit.
The Permian Basin is highlighted as America’s strategic oilfield and considered the closest equivalent to a national energy asset.
Exxon Mobil announced plans for the mechanical completion of Golden Pass train 2 by late 2026 and aims to achieve 1.8 million barrels of oil equivalent per day from the Permian Basin in the same year.
Citi has upgraded Atlas Energy and ProPetro to a 'Buy' rating, citing an improved market for completion services in the Permian Basin. This move reflects positive outlooks for these energy companies.
ConocoPhillips is reportedly looking to sell some of its assets located in the Permian Basin, a major oil and natural gas producing region.
ConocoPhillips is reportedly exploring the sale of its Permian Basin assets, which are estimated to be valued at $2 billion.