The Railroad Commission of Texas issued a total of 805 original drilling permits in May 2023. The total includes 702 to drill new oil or gas wells, 11 to re-enter plugged wellbores and 85 for re-completions of existing wellbores.

New Mexico Land Commissioner Stephanie Garcia Richard issued an executive order that includes a ban on all new oil and gas leases on state trust land within a mile (1.6 kilometers) of schools or other educational institutions, including day care centers, preschools and sports facilities that students use.

Interior Secretary Deb Haaland withdrew more than 336,400 acres of public land in a 10-mile radius around Chaco Culture National Historical Park from new oil and gas leasing and mining claims for 20 years starting Friday. The move was hailed by environmentalists and tribal activists as a step toward protecting the fragile site from the effects of fracking and resource extraction while also calling for greater protections than a temporary halt to new leases.

Mewbourne Oil CEO Ken Waits shares the strategy that propelled the 58-year-old private company to the top of the nation’s most prolific play, the Permian Basin.

The world’s top oil exporter Saudi Arabia announced further voluntary output cuts which will be implemented from July.

The company expects some promising new technologies to significantly improve recovery volumes. XOM seeks to double recoveries and find technologies that can unlock that. Currently, ExxonMobil recovers about 10% of shale resources from its operations.

After years of skepticism surrounding the reuse of produced water, experts say it’s a new day and age for the water midstream sector.

Operator errors led to 402,486 gallons of crude oil gushing out of an EnLink Midstream pipeline south of Midland in late March, the company told federal regulators. It was the largest spill in the Permian Basin since 2010 and the fourth-largest spill on land in Texas in that period.