Permian Basin Archives - Page 3 of 11

Chevron Reports Strong Q1 2026 Earnings Beat Amid Geopolitical Volatility and Temporary Hedging Charges

May 1, 2026May 1, 2026 Clark Savage328

Chevron Corporation (NYSE: CVX) delivered a solid first-quarter performance, beating analyst expectations on adjusted earnings per share despite a year-over-year decline in reported profits, ongoing Middle East disruptions tied to the Iran conflict, and significant one-time timing effects from financial hedges. The results highlight the resilience of Chevron’s diversified portfolio, record U.S. production growth, and […]

BP’s Stock Runs Past Exxon to Emerge as Top Big-Oil Stock During Iran War

April 27, 2026April 27, 2026 Clark Savage241

The Iran war that erupted on February 28 has sent oil prices surging past $100 per barrel amid disruptions in the Strait of Hormuz and Persian Gulf supply chains. While the broader energy sector has benefited from the geopolitical shock, not all Big Oil majors have performed equally. BP has emerged as the standout performer […]

Baker Hughes CEO Sees Upstream Oil and Gas Investment Picking Up

April 24, 2026 Clark Savage198

In a clear signal of renewed optimism for the upstream sector, Baker Hughes CEO Lorenzo Simonelli stated that investment in oil and gas production is set to rise. Disruptions from the Iran war are spurring a global push for energy security, according to the head of one of the world’s largest oilfield service providers. Simonelli, […]

The House Passes the FENCES Act – Rep. August Pfluger

April 16, 2026 Clark Savage117

In a significant victory for American energy producers, manufacturers, and workers, the U.S. House of Representatives passed H.R. 6409, the Foreign Emissions and Nonattainment Clarification for Economic Stability (FENCES) Act, on April 16, 2026, by a vote of 220-208. Sponsored by Rep. August Pfluger (R-TX-11), this commonsense permitting reform bill amends the Clean Air Act […]

Weekly Rig Count in the US – March 27, 2026

March 28, 2026March 28, 2026 admin212

U.S. energy firms pulled back drilling activity for the second straight week, with the Baker Hughes rig count falling 9 rigs to 543 total active rigs for the week ending March 27, 2026. This marks the sharpest single-week decline since early 2026 and leaves the U.S. count down 49 rigs (8.3%) from the same week […]

Oil Over $100 and Rig Count Goes Up

March 15, 2026March 28, 2026 Clark Savage245

As of March 15, 2026, global oil markets are buzzing with Brent crude prices climbing to $103.82 per barrel, marking a significant milestone above the $100 threshold amid ongoing geopolitical tensions and supply disruptions in key regions like the Strait of Hormuz. Meanwhile, West Texas Intermediate (WTI) crude is hovering just below at $99.30, reflecting […]

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion: Implications for Investors and the Permian Basin\’s Future

February 21, 2026 Clark Savage211

In a move that underscores the ongoing consolidation and optimization in the U.S. oil industry, ConocoPhillips (COP) is reportedly exploring the sale of certain assets in the Permian Basin valued at approximately $2 billion. This development, first reported by Bloomberg, comes as the company seeks to streamline its portfolio following a series of major acquisitions. […]

Devon and Coterra to Create Shale Giant in $58-Billion Merger

February 2, 2026 Clark Savage216

In a landmark move shaking up the U.S. shale industry, Devon Energy Corporation (NYSE: DVN) and Coterra Energy Inc. (NYSE: CTRA) have announced an all-stock merger valued at approximately $58 billion in combined enterprise value. The deal, unveiled on February 2, 2026, aims to forge a premier shale operator with enhanced scale, diversified assets, and […]

US Oil Drilling Adds 2 Rigs This Week, But Down 36 Over Last Year

January 31, 2026 Clark Savage202

By Stuart Turley, Energy News Beat January 31, 2026 The latest Baker Hughes rig count report, released on January 30, 2026, shows a modest uptick in U.S. drilling activity with the total rig count climbing by 2 to 546. This marks a slight rebound from the previous week\’s 544 rigs. However, the figure remains significantly […]

USGS Unveils Massive Undiscovered Oil and Gas Resources in Texas\’ Permian Basin

January 17, 2026 Clark Savage202

In a groundbreaking assessment that underscores the enduring potential of America\’s energy heartland, the U.S. Geological Survey (USGS) has revealed significant undiscovered oil and gas resources in the Woodford and Barnett shales within the Permian Basin. This latest evaluation, released just days ago, estimates technically recoverable reserves that could bolster U.S. energy security and fuel […]

Tag: Permian Basin

Chevron Reports Strong Q1 2026 Earnings Beat Amid Geopolitical Volatility and Temporary Hedging Charges

BP’s Stock Runs Past Exxon to Emerge as Top Big-Oil Stock During Iran War

Baker Hughes CEO Sees Upstream Oil and Gas Investment Picking Up

The House Passes the FENCES Act – Rep. August Pfluger

Weekly Rig Count in the US – March 27, 2026

Oil Over $100 and Rig Count Goes Up

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion: Implications for Investors and the Permian Basin\’s Future

Devon and Coterra to Create Shale Giant in $58-Billion Merger

US Oil Drilling Adds 2 Rigs This Week, But Down 36 Over Last Year

USGS Unveils Massive Undiscovered Oil and Gas Resources in Texas\’ Permian Basin

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