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$219M Permian Basin oil and gas land sale closes, company looks to grow

Sitio Royalties announced July 26 it closed the purchase of 12,000 acres of oil and gas land and royalties in the Permian for about $219 million.

United statesNew mexicoEddy countyRystad kristine vassbotnNoah lockshinSenior energy analystBaker hughesOrion diversified holdingsUs energy information administrationFoundation mineralsMomentum mineralsRystad energyPermian basinHidden menaceSitio royaltiesWest texas

$219M Permian Basin oil and gas land sale closes, company looks to grow

Sitio Royalties announced July 26 it closed the purchase of 12,000 acres of oil and gas land and royalties in the Permian for about $219 million.

United statesNew mexicoEddy countyRystad kristine vassbotnNoah lockshinSenior energy analystBaker hughesOrion diversified holdingsUs energy information administrationFoundation mineralsMomentum mineralsRystad energyPermian basinSitio royaltiesWest texasExecutive officer chris conoscenti

Permian Basin oil and gas could be on the decline as prices fall

The price of domestic oil continued a downward trend back to double digits this month, falling to $96 a barrel as of Monday.

United statesNew mexicoPecos countyYoakum countyBarry portmanPermian lodestone energyInternational energy agencyUs energy information administrationOrion diversified holdingsPermian basinSendero midstreamChief executive officer tom lullYoakum county texasHibernia resources

Permian Basin oil and gas could be on the decline as prices fall

The price of domestic oil continued a downward trend back to double digits this month, falling to $96 a barrel as of Monday.

United statesNew mexicoPecos countyYoakum countyBarry portmanPermian lodestone energyInternational energy agencyUs energy information administrationOrion diversified holdingsPermian basinSendero midstreamChief executive officer tom lullYoakum county texasHibernia resources

Permian Basin targeted by oil and gas companies amid Russia conflict

U.S. oil was trading at about $107 a barrel as of Monday, while the Permian Basin added three rigs for a total of 319.

United statesWard countyNew mexicoAmanda brockJoe bidenTyler gloverAris water solutionsBaker hughesChicago mercantile exchangeOrion diversified holdingsAssociated pressTexas pacific land corporationPermian basinPresident bidenWest texasDiversified holdings

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