U.S. Onshore
News
October 02, 2025
The Railroad Commission of Texas (RRC) has assessed more than $1.5 million in penalties against oil and gas operators and businesses during its latest open meeting, underscoring the agency’s continued focus on regulatory enforcement and compliance across the industry.
News
October 02, 2025
Berkshire Hathaway has agreed to buy Occidental Petroleum’s OxyChem unit for $9.7 billion in cash, marking Berkshire’s largest deal since 2022. Occidental plans to use $6.5 billion of proceeds to cut debt below $15 billion, reinforcing its strategy to prioritize long-term oil and gas development in the Permian basin.
News
October 01, 2025
Enverus Intelligence Research warns that Illinois’ ban on CO₂ sequestration beneath the Mahomet Aquifer has halted 5.6 MMtpa of carbon storage projects and could set a precedent nationwide, putting 20% of U.S. carbon capture capacity at risk.
News
October 01, 2025
AXP Energy has confirmed oil and gas across multiple pay zones in its Charlie #1 well in Noble County, Oklahoma. Wireline logs identified hydrocarbons in the Oswego Lime, Mississippi Chat, Mississippi Lime and Woodford Shale intervals.
News
September 29, 2025
BKV Corporation has closed its $370 million acquisition of Bedrock Energy Partners’ Barnett shale assets, adding 97,000 net acres, 108 MMcf/d of production, and expanded drilling inventory to solidify its role as the basin’s largest gas producer.
Article
U.S. drilling slows as high operating costs, low oil prices and capital restraint motivate operators
September 2025
U.S. drilling activity has softened in 2025, with rig counts sliding despite steady production, as operators lean on efficiency gains and disciplined spending. M&A and inventory optimization took priority over aggressive new drilling, while gas-focused rigs remained under pressure amid shifting LNG demand.
News
September 25, 2025
Nabors Industries and Caturus Energy have launched the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system in the U.S. The rig enables complex well designs, including 4-mile laterals and 14,000+ ft depths, setting new benchmarks for efficiency, safety and lower-carbon operations.
News
September 23, 2025
Seatrium Limited has agreed to sell its AmFELS Yard in Brownsville, Texas, to Karpower Valley LLC for $65 million. The divestment enhances capital efficiency while maintaining Seatrium’s U.S. market presence through technology centers and service hubs.
News
September 19, 2025
Texas upstream oil and gas employment ticked upward in August, with direct jobs reaching 205,100, according to new data from the Texas Independent Producers and Royalty Owners Association (TIPRO).
News
September 18, 2025
The U.S. Senate has confirmed former Energy Workforce & Technology Council (EWTC) CEO Leslie Beyer as Assistant Secretary for Land and Minerals Management at the Department of the Interior, a role with sweeping oversight of U.S. oil, gas and mining activity on federal lands and offshore.
News
September 16, 2025
A new Rystad Energy study commissioned by AXPC highlights the vital role of independent producers in U.S. oil and gas. In 2024, onshore independents supported 3.1 million jobs and generated $488 billion in GDP output while producing over 85% of crude and 90% of natural gas.
News
September 15, 2025
Chord Energy will acquire 48,000 acres and 9,000 boed of production in the Williston Basin from ExxonMobil’s XTO Energy for $550 million. The deal, effective Sept. 1, strengthens Chord’s drilling inventory and lowers its breakeven costs.
News
September 11, 2025
Production from the Bakken had been expected to rise heading into late 2025 and early 2026, but weaker oil prices and rising competition from Canada have contributed to slower drilling in the region, analysts said.
News
September 11, 2025
The Permian Strategic Partnership (PSP) has appointed Jack Harper as its new chairman, strengthening leadership for one of the most influential coalitions in the U.S. oil and gas industry. Harper, a longtime Permian exec, will guide PSP’s growth mission for the region.
News
September 09, 2025
Diversified Energy Company Plc will acquire Canvas Energy in a $550 million deal that significantly expands the company's producing assets and acreage positions in Oklahoma. Approximately 23 high-quality producing wells are included in the acquisition.
News
September 08, 2025
The Energy Workforce & Technology Council (EWTC) has published its Well Stimulation Surface Operations Industry Guidelines, providing operators with best practices for hazard identification, risk management, and execution of surface operations during fracture stimulation.
News
September 05, 2025
Monkey Island LNG has selected ConocoPhillips’ Optimized Cascade® Process liquefaction technology for its planned 26 MMtpa natural gas liquefaction and export facility in Cameron Parish, Louisiana.
News
September 02, 2025
Commonwealth LNG has received its final non-free trade agreement (non-FTA) export authorization from the U.S. Department of Energy (DOE) for its 9.5 MMtpa liquefied natural gas facility in Cameron Parish, Louisiana.
News
September 02, 2025
Baker Hughes’ equipment is designed to operate with Fervo’s cutting-edge Enhanced Geothermal Systems (EGS), resulting in a fully integrated power plant that drives scalability in sustainable baseload power generation.
News
September 02, 2025
Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (bpd), 93% of which was produced from just 10 counties in Texas and New Mexico, according to a new report from the Energy Information Administration (EIA).
News
August 29, 2025
Following approval of the 450-mile Eiger Express Pipeline project connecting the Permian basin to Gulf Coast markets, Texas Railroad Commissioner Wayne Christian issued a statement of support, emphasizing the importance of infrastructure in meeting energy demand.
