Your oil man in Texas with the latest oil news lighting up my feed.
Permian Basin
WASHINGTON, D.C. — In a major political victory for U.S. oil producers, Congress has passed the sweeping“One Big Beautiful Bill”, sending it to President Donald Trump’s desk for signature. The bill, one of the most aggressive pro-oil legislative packages in over a decade, promises to revive American
Permian Basin
NEW YORK — U.S. refiners are increasingly leaning on Permian Basin shale oil to fill the gap left by dwindling heavy crude supplies, according to the US EIA. With limited domestic heavy oil and growing light crude volumes, refining plants are scrambling to adjust—and Permian light oil is becoming
Permian Basin
DALLAS, TX — July 2, 2025 — As oil rig activity in the Permian Basin slides to its lowest point since 2021, a new gas pipeline may offer long-overdue relief. Producers Midstream II, LLC has launched a binding open season for its proposed 275-mile Palo Duro Pipeline, aimed at clearing out the
Permian Basin
MIDLAND, TX — In a landmark decision that could reshape oil operations across the Permian Basin, the Texas Supreme Court has ruled that ownership of “produced water” belongs to mineral rights holders, not surface landowners. Produced water—an oily, saline byproduct of fracking and oil extraction—is a costly waste stream
Permian Basin
MIDLAND, TX — The Permian Basin’s active oil and gas rig count dropped to 270 this week, hitting its lowest point since October 2021, according to the latest Baker Hughes report. The one-rig decline marks an 11% year-over-year drop and adds to a broader trend of falling activity across U.
Permian Basin
MIDLAND, TX — Coterra Energy announced today it will maintain nine active rigs in the Permian Basin, shelving plans to cut to seven during H2 2025. CEO Tom Jorden revealed at the J.P. Morgan Energy conference that fears of a sharp oil downturn have cooled as global demand signs stabilize.
