Permian Basin Oil and Gas Magazine

Dallas-based private equity firm Tailwater Capital said recently it acquired off-market, non-operated, working interest assets in Permian Basin from Accelerate Resources Operating. https://ow.ly/sycG50UcRMB

Oil industry major ExxonMobil continues to lead in rig counts in U.S. and Permian Basin, according to a report this week by Enverus. https://ow.ly/hohk50UcRJa

Dallas-based LandBridge said this week it acquired about 46,000 contiguous surface acres in southern Delaware Basin for $245 million in cash from a subsidiary of VTX Energy Partners. https://ow.ly/FvWE50UcRzA

The journal entries below are excerpted from recent installments of James Wicklund's “Things I Learned...” newsletter. https://ow.ly/RVht50TZsaB

The backfill begins on this ambitious stretch of pipeline. PHOTO COURTESY OF THE PETROLEUM MUSEUM, HOWARD BOND COLLECTION.

Enverus Intelligence Research, a subsidiary of Enverus, an energy-dedicated SaaS company, released on Oct. 1 its Oilfield Services Market Fundaments report that examines supply and demand dynamics in each service line. https://ow.ly/Q3lg50TXhg5

Reducing methane and carbon emissions become top environmental issues. https://ow.ly/auwS50TZqSg

Reuters reported Tuesday that oil major ExxonMobil agreed to sell conventional assets in Permian Basin to privately-owned Hilcorp Energy for about $1 billion. https://ow.ly/iC9t50U84pB

U.S. production of associated natural gas increased 7.9 percent in 2023 compared with 2022 by averaging 17.1 billion cubic feet per day, according to data from Enverus as reported Wednesday by U.S. Energy Information Administration. https://ow.ly/A8ip50U84l2

The oil and gas industry has pursued energy transition avenues to decarbonize its operations. https://ow.ly/qQXX50TXjWt