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BLM leased 31 parcels totaling 20,399 acres in NM and OK for $326,811,240 in total receipts during a quarterly oil and gas lease sale.

BLM NM-OK Lease Sale Raises Nearly $327M in Receipts

The U.S. Bureau of Land Management (BLM) reported that its latest quarterly oil and gas lease sale resulted in 31 parcels being leased across New Mexico and Oklahoma, covering 20,399 acres and generating $326,811,240 in total receipts. The agency said the proceeds—made up of lease bonus bids and rentals—are split between the federal government and the states where the parcels are located.

BLM said the sale set a new benchmark for a single-acre bid (more than $218,751) and ranked among the highest on record for total bonus bids (over $316 million). The agency also cited a top bid on an individual parcel of more than $70 million and an average bid exceeding $16,000 per acre. BLM noted the sale was held under the One Big Beautiful Bill Act, which set a minimum 12.5% royalty rate for new federal onshore production, replacing the 16.67% rate established under the Inflation Reduction Act—an update the agency said could improve project economics and support additional leasing activity. Leases are issued for 10 years and can continue as long as production remains in paying quantities; results are posted through BLM’s online leasing systems. For additional context, see Ranger’s overview of federal vs. private oil and gas leasing and how oil and gas royalties work.

Source: Bureau of Land Management
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DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
The Texas oil and natural gas industry employed 495,501 people in 2025, according to TXOGA's 2025 Energy and Economic Impact report.

TXOGA: Texas Oil and Gas Employment Topped 495,000 in 2025

The Texas oil and natural gas industry directly employed 495,501 people in 2025, according to the Texas Oil & Gas Association’s (TXOGA) newly released 2025 Energy and Economic Impact report. TXOGA said the largest job categories included oilfield support services, convenience-store gasoline retail, and pipeline-related construction. Other sizable segments included crude production and oilfield machinery and equipment manufacturing.

TXOGA also estimated that each direct industry job supports roughly two additional jobs elsewhere in the state, for about 1.4 million total jobs tied to the sector across the Texas economy. The report said oil and gas employers paid an average of $133,095 per job in 2025, and that combined state and local taxes plus state royalties attributed to the industry totaled $27.0 billion (about $74 million per day). For broader context on Texas output trends referenced in the report, see Texas production and export records, and for investors looking to understand cash-flow mechanics, how oil and gas royalties work.

Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
The all-new Hugh Brinson Pipeline supports continued US gas market growth amid global calls for energy diversification.

Energy Transfer’s Hugh Brinson Pipeline Targets Late-2026 Startup

Energies Media reports that Energy Transfer is advancing the Hugh Brinson Pipeline, a new 442-mile project designed to move natural gas from processing facilities in Texas into existing pipeline infrastructure south of the Dallas–Fort Worth area. The company said the pipeline remains on schedule for completion in late 2026, with initial deliveries expected toward the end of 2026.

The article notes that the project is part of a broader buildout of Permian Basin natural gas takeaway capacity aimed at serving growing demand from Texas markets and other downstream customers. Energy Transfer also said the project has progressed through required regulatory processes and that much of the route follows an existing pipeline right-of-way to help limit construction impacts. For additional context on the wider trend, see Ranger coverage on the Permian pipeline buildout and recent capacity additions like the Matterhorn Express expansion.

Energies Media adds that construction began in 2025 and the project is expected to support local manufacturing of steel components. During construction, Energy Transfer said the effort provided nearly 3,100 jobs, with an additional 34 full-time roles associated with the project.

Source: Energies Media
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Wall Street stocks rose to start the year, with energy shares in focus after US forces captured Venezuelan President Nicolás Maduro.

Oil Shares Rise After Venezuela Raid

U.S. stocks moved higher on Monday, supported by gains in energy companies and major banks. The S&P 500 added 0.6% to 6,902.05, the Dow Jones Industrial Average climbed 1.2% to a record 48,977.18, and the Nasdaq rose 0.7% to 23,395.82. Smaller-company stocks also advanced, with the Russell 2000 up 1.6%, while European markets generally increased as well.

Energy stocks strengthened after U.S. forces captured Venezuelan President Nicolás Maduro in a weekend operation, drawing renewed attention to the country’s oil sector. U.S. crude rose 1.7% to $58.32 a barrel and Brent gained 1.7% to $61.76. Chevron jumped 5.1%, Exxon Mobil rose 2.2%, and Halliburton gained 7.8% after President Donald Trump discussed a plan for U.S. oil companies to help rebuild Venezuela’s industry, where output is currently around 1.1 million barrels per day and could rise with investment.

Investors also tracked moves in other markets and upcoming economic reports. Gold rose 2.8%, silver gained 7.9%, and bitcoin traded near $94,700. Treasury yields eased, with the 10-year at 4.15%. This week’s calendar includes data on services activity and jobs that could influence expectations for Federal Reserve policy; markets have been anticipating the Fed will keep rates unchanged at its meeting later in January.

Source: AP News
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
New Mexicans living and working in the Permian Basin power global energy leadership, driving the basin toward 50% of US oil by 2030.

Permian Partnership Highlights Workforce, Safety, and Community Investment

An opinion column from Tracee Bentley, president and CEO of the Permian Strategic Partnership (PSP), argues that sustaining Permian Basin growth depends on continued investment in the southeast New Mexico communities that support energy development. Bentley writes that if the Permian Basin were a country, it would rank among the world’s top oil producers, and that the region could account for 50% of U.S. oil production by 2030. She says energy companies formed the PSP to collaborate on regional priorities, reporting more than $214 million in direct spending over six years and over $2.3 billion in leveraged collaborative investments.

The piece focuses on workforce development and public services needed to support long-term activity, citing an estimated need for nearly 186,000 additional workers by 2040. Bentley highlights PSP support for career and technical programs in Hobbs, Artesia, and at Southeast New Mexico College, including $15 million in funding this year. She also points to expanded commercial driver training at New Mexico Junior College (with an estimated need for 7,000 new drivers by 2040), regional first-responder training with Eddy County Fire and Rescue, and a $325,000 investment for five cardiac monitors for Carlsbad Fire Department units. Bentley adds that the Permian region represents 9.2% of New Mexico’s population but produces 25.9% of the state’s private-sector GDP, framing these efforts as support for a durable economic base tied to the Permian Basin and ongoing oil and gas royalties.

Source: Albuquerque Journal
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
Oil rises as geopolitical tensions continue. Brent crude is up 1% to $60.89 a barrel, while WTI rises 1.15% to $57.39 a barrel.

Oil Prices Rise as U.S.-Venezuela Tensions Add Supply Uncertainty

Oil prices moved higher in early trading as markets tracked escalating tensions between the United States and Venezuela and what that could mean for near-term crude supply flows. Brent crude rose about 1% to around $60.89 a barrel, while U.S. West Texas Intermediate gained roughly 1.15% to about $57.39 a barrel.

The latest uptick comes as Washington has stepped up pressure on Venezuelan oil shipments, a dynamic that traders have been watching for potential effects on exports. Recent U.S. actions aimed at sanctioned Venezuelan tankers have raised the possibility of disrupted cargo movements, with roughly 590,000 barrels a day of exports viewed as exposed in a tighter enforcement scenario. For investors, these developments add a geopolitical variable to pricing alongside broader market fundamentals, and can influence the revenue outlook tied to benchmarks that feed into oil and gas royalties over time.

Source: The Wall Street Journal
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
BP names Exxon veteran Meg O’Neill CEO, first woman to lead an oil major as company looks to reinvigorate its fossil-fuels business

BP’s new CEO is an American defender of oil and gas

For years, Meg O’Neill clashed with environmentalists as chief executive of one of Australia’s biggest energy companies. Now she has been tapped to lead BP BP -1.20%decrease; red down pointing triangle and steer the company back to its oil-and-gas roots.

BP named the American former Exxon Mobil XOM -0.96%decrease; red down pointing triangle executive as its new boss in an unexpected management shake-up Wednesday. She is set to take the helm of a storied yet often troubled energy producer that is aiming to reinvigorate its fossil-fuel business after an ill-timed turn toward renewable energy.

O’Neill, who is set to join the London-based company from Australia’s Woodside Energy WDS -2.65%decrease; red down pointing triangle in April, is a dealmaker who is willing to go to bat for the oil-and-gas business. She will be the first woman to lead an oil major.

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Source: The Wall Street Journal

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Crude oil output reached an estimated 5.9 million bpd in November, the highest level ever recorded in US history, according to U.S. EIA data.

Texas leads the charge as America sets new oil and natural gas records

The U.S. oil and natural gas industry set oil and natural gas production records in November.

Crude oil output reached an estimated 5.9 million barrels per day in November, the highest level ever recorded in U.S. history, according to U.S. Energy Information Agency data.

“Even with fewer rigs operating this year, productivity gains in regions like the Permian Basin and Eagle Ford Shale show the efficiency and innovation of Texas producers,” the Texas Oil & Gas Association states in a new quarterly perspective.

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Source: The Dallas Express

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Blackcomb Pipeline, a 2.5 Bcf/d Permian–South Texas gas link backed by WhiteWater–Targa joint venture, targets 2026 commissioning.

Blackcomb Pipeline, a 2.5 Bcf/d Permian–South Texas connector, aims for 2026 commissioning

The cooperative nature of the global energy market has been a major driving force for several operations that plan to reach new heights. To develop certain projects, companies often form joint ventures that leverage the expertise of the companies involved to advance projects to reach operational status. The United States has been progressing toward an increased reliance on the gas market as the nation dominates the international gas sector, producing more gas than any other nation. Now, a new conduit known as the Blackcomb Pipeline is reaching towards a 2026 commissioning date.

Joint ventures are often the only way to progress projects towards realization

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Source: Energies Media

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Discover how AI boosted efficiency and accuracy in oil and gas project management and helped a firm streamline engineering processes.

How AI drove data optimization for oil and gas capital projects

Discover how AI boosted efficiency and accuracy in oil and gas project management and helped a firm streamline engineering processes.

Does AI have the power to refine oil and gas efficiency?

Addressing inefficiency reveals opportunities to simplify and enhance engineering processes.

As part of its digital transformation initiative, a client in the oil and gas industry aimed to enhance clarity and efficiency in its engineering processes. It engaged its internal capital projects design team to develop clear engineering requirement statements and establish relationships among them, allowing relevant requirements to be easily identified for design, procurement and construction. However, traditional methods were labor-intensive and prone to errors. To streamline the process, improve predictability and enhance the accuracy of the engineering requirements catalog, the client contacted Ernst & Young LLP to explore potential solutions.

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Source: EY

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