Diversified Energy buys Birch Permian for $1.8bn.
Upstream · Energy-pedia news summary · 13d
Region
Permian
The biggest US oil field, spread across West Texas and southeast New Mexico. Its Delaware and Midland sub-basins drive most of the country's crude growth.
Basin at a glance
EIA STEO · Aug 2026
Oil production
6.18M bbl/d
▲ 2.3% YoY
Gas production
23.3Bcf/d
▲ 4.2% YoY
Active rigs
266
▲ 3.9% YoY
New-well oil / rig
1,939bbl/d
drilling productivity
Trend lines: trailing 24 months (Sep 2024 – Aug 2026), quarterly ticks. Click a card to expand. Source: EIA STEO.
Monthly, trailing 24 months. Source: EIA STEO.
Basin outline (EIA) and production data (EIA STEO); prices are live.
Latest from Permian
Study finds treated produced water can meet standards for outside use
Downstream · Energy & Industrial News, Intelligence & Industry Insights · 15d
US LNG exports rose 23% to 17.4 Bcf/d in first half of 2026
Markets · EIA and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 15d
Double E Pipeline reaches final investment decision on 900 MMcf/d expansion
Midstream & LNG · PR Newswire · 16d
Summit Midstream sanctions $100 million Double E pipeline expansion
Midstream & LNG · Energy & Industrial News, Intelligence & Industry Insights · 16d
Ranger Energy buys STEP Energy's U.S. coiled tubing assets for $27.5 million
Markets · Business Wire and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 16d
ONEOK buys Brazos Midstream's Permian Midland assets for $4.425bn.Analysis
Midstream & LNG · By Global Energy Report · 17d
Permian production nearly quadrupled since 2015 as wells stretched longer, EIA says
Markets · Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 19d
EON Resources begins drilling first of 92 planned Permian wells
Upstream · Drilling Contractor · 21d
Targa Resources names new logistics president, CFO succession set
Markets · GlobeNewswire-Pipelines and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 22d
US rig count falls to 588 even as Permian and Texas rigs climb
Markets · Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 22d
Continental Resources to acquire FireBird's 54,000 net Permian acres
Markets · Energy-pedia news summary and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 24d
Continental Resources to acquire 50% of Phoenix Global Resources
Upstream · PR Newswire · 27d
Targa signs 20-year Permian gas deals with ExxonMobil, adds three plants
Midstream & LNG · Energy & Industrial News, Intelligence & Industry Insights · 28d
Permian well laterals grew 77% over the decade as super-long wells take hold
Upstream · EIA · 28d
WhiteWater and Permian partners sanction twin pipelines to Katy
Midstream & LNG · Energy & Industrial News, Intelligence & Industry Insights · 30d
WhiteWater-led Solitude pipeline reaches final investment decision
Midstream & LNG · PR Newswire · 30d
WhiteWater and four Permian producers sanction twin Solitude gas pipelines to KatyAnalysis
Midstream & LNG · By Global Energy Report · 30d
Targa Resources signs 20-year Permian gas deals with ExxonMobil
Midstream & LNG · GlobeNewswire-Pipelines · 30d
Devon Energy sanctions Solitude pipeline to move Permian gas to Katy
Midstream & LNG · Devon Energy Corporation Press Releases · 30d
PEDEVCO to join 2026 EnerCom Denver investor conference
Markets · GlobeNewswire and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 33d
US natural gas production set for a record 122.5 Bcf/d in 2026, EIA says
Markets · EIA and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 35d
Phillips 66, Kinder Morgan and HF Sinclair sanction $5 billion pipeline
Markets · Kinder Morgan Press Releases and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 36d
US rig count holds at 588 as Permian and Texas add rigs
Markets · Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 36d
US rig count holds at 588 as Permian gains three rigs
Markets · Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 40d
ConocoPhillips sells $1.7 billion in Lower 48 assets, hits disposal target early
Markets · ConocoPhillips News Releases and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 41d
Targa Resources posts record $1.6 billion adjusted EBITDA in the second quarter
Markets · GlobeNewswire-Pipelines and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 41d
Energy Transfer brings Hugh Brinson gas pipeline into service in Texas
Power · Energy & Industrial News, Intelligence & Industry Insights · 42d
Energy Transfer revenue and net income rise in the second quarter
Markets · Energy Transfer News Releases and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 43d
Marathon Petroleum Q2 net income jumps to $5.1 billionAnalysis
Markets · By Global Energy Report · 43d
Marathon Petroleum's Q2 net income jumps to $5.1 billionAnalysis
Markets · By Global Energy Report · 43d
US rig count rises to 588 as Permian adds two rigs
Markets · Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 43d
ONEOK Q2 2026 net income climbs 13%, raises guidance
Midstream & LNG · RSS - OneOK IR Press Releases and ONEOK, Inc. · 44d
Diamondback Energy production tops 1 million boe/d in second quarter
Upstream · Diamondback Energy, Inc. News Releases · 44d
Williams to acquire Momentum Midstream, expanding Haynesville gas position
Power · Williams Companies, Inc News Releases · 44d
ExxonMobil second-quarter profit rises to $14.5 billionAnalysis
Upstream · By Global Energy Report · 47d
US rig count rises to 588 as Permian, Eagle Ford add rigs
Markets · Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 47d
Omega Oil & Gas begins its largest Taroom Trough drilling program at Canyon-3Analysis
Upstream · By Global Energy Report · 56d
Kinder Morgan posts record Q2 net income, tracks ahead of 2026 budgetAnalysis
Markets · By Global Energy Report · 56d
U.S. rig count rises to 588 as Permian gains three rigs
Markets · Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 61d
US crude oil output hit a record 13.6 million barrels a day in 2025Analysis
Markets · By Global Energy Report · 69d
Natural Gas Services Group redomesticates to Texas
Markets · GlobeNewswire-Oil-Equipment-Services and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 70d
DOE closes $3.26 billion loan to AEP Texas for 2,800 miles of transmissionAnalysis
Policy · By Global Energy Report · 70d
US rig count rises to 580 as Permian adds three rigs
Markets · Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 72d
Chevron signs 20-year power deal to supply Microsoft's West Texas data centerAnalysis
Power · By Global Energy Report · 85d