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Key statistics on oil and gas production in the USA

2022 is almost over. Full of global uncertainty, it brought a lot of disturbance to the energy markets. It is a good opportunity to say that again and again we are proud of the U.S. energy industry. Despite all odds, this sector has shown remarkable growth in the past years. In the past decade, the industry twice faced dramatic price collapses and successfully navigated between global oversupply and insufficient demand situations. Even the unprecedented pandemic market disruption did not undermine the strengths and perspectives of the U.S. industry players.

As of today, we enjoy historical production at its highest. More than 850 thousand wells are delivering steady production to domestic and foreign customers. More than 14,600 approved permits are soon to start producing. At Rextag, we track and analyze petroleum production data.

If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.

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Key statistics U.S. energy industry

Kingston Midstream Secures Deal to Acquire Clearwater Assets from Rangeland Midstream Canada

Rangeland Energy has agreed to sell Rangeland Midstream Canada to Kingston Midstream Alberta and remains committed to future Canadian midstream investments. Texas-based Rangeland Energy, supported by financial partner EnCap Flatrock Midstream, has inked a deal to sell its Canadian subsidiary, Rangeland Midstream Canada Ltd., to Calgary's Kingston Midstream Alberta Ltd. for cash.

TC Energy, the Canadian gas giant, recently announced its environmental, social, and governance goals, as well as emission reduction strategies. The company aims to become 100% emission-free by 2050 while promising to cut greenhouse gas emissions intensity from its operations by 30% by 2030 as an interim measure.

The merger between ONEOK and Magellan received approval from Magellan shareholders, securing just 55% of the total votes at Magellan’s meeting on Sept. 21. ONEOK Inc. has successfully concluded the acquisition of Magellan Midstream Partners LP on Sept. 25. The deal will bring together their respective assets and expertise, resulting in a powerful entity boasting an extensive network of approximately 25,000 miles of pipelines primarily focused on transporting liquids.

Viper Energy's deal, comprised of cash and equity, secures an additional 2,800 net royalty acres in the Midland Basin and 1,800 in the Delaware Basin. Viper Energy Partners LP, a Diamondback Energy Inc. subsidiary, has inked a deal to acquire mineral and royalty interests in the Permian Basin. The deal, valued at around $1 billion, is with Warwick Capital Partners and GRP Energy Capital. Viper was established by Diamondback with the purpose of owning, purchasing, and capitalizing on oil and natural gas assets in North America, specifically targeting mineral and royalty interests.

2023 blog posts