SM Energy and Civitas Resources have agreed to merge in an all-stock transaction valued at $12.8 billion, forming one of the largest independent oil-focused producers in the U.S. The combination delivers 526 Mboe/d of output, $1.4 billion in free cash flow, and $200 million in annual synergies. SourceContinue Reading

Flotek Industries’ XSPCT™ spectrometer has become the first optical system to meet GPA 2172 custody transfer standards for natural gas measurement. The real-time technology delivers faster, more accurate data than traditional gas chromatography. SourceContinue Reading

Dana Gas and Crescent Petroleum have completed the $1.1 billion KM250 expansion at Iraq’s Khor Mor field eight months early, adding 250 MMscf/d of new processing capacity and strengthening power generation across the Kurdistan region. SourceContinue Reading

Delta Sands LLC announced plans to construct a new 3-million-ton-per-year wet sand processing facility in East Texas to meet rising demand for high-quality in-basin proppant across the Western Haynesville Shale. SourceContinue Reading

The Railroad Commission of Texas assessed more than $1 million in fines against oil and gas operators and pipeline businesses during its October 30, 2025, meeting, reinforcing its oversight of industry safety, environmental compliance, and regulatory enforcement across the state. SourceContinue Reading

Buccaneer Energy has selected a drilling rig for the Allar #1 development well in the Pine Mills Field, Texas, with drilling set to begin in late October. The company plans to produce oil at up to 124 bopd and use associated gas from the Fouke area to power a future Bitcoin mining operation. SourceContinue Reading

ExxonMobil reported Q3 2025 earnings of $7.5 billion and record upstream production of 4.8 million boed, led by new output from Guyana’s Yellowtail project and record volumes in the Permian basin. The company also took FID on Hammerhead and expanded its Permian acreage with a Sinochem acquisition. SourceContinue Reading

Chevron’s third-quarter earnings topped analyst forecasts as the company’s $53 billion Hess acquisition boosted global oil production and cash flow. Output rose 21% to 4.1 MMboed, supported by Hess’ stake in Guyana’s Stabroek Block. SourceContinue Reading

Sunda Energy is advancing preparations for the Chuditch-2 appraisal well offshore Timor-Leste, targeting drilling in early 2026, while expanding its Southeast Asian upstream portfolio with two new offshore licenses in the Philippines. SourceContinue Reading

North Sea crude exports are set to reach their highest level since 2017, with December loadings forecast at 2.1 million bpd. Rising output from Johan Castberg and other key fields adds to a global oil supply glut expected to pressure prices into 2026. SourceContinue Reading