New Oil Discovery In Texas 2025 News. Texas driller produces US oil industry 'miracle' Fox Business OZONA, Texas — Barron Petroleum has announced a major discovery of oil and gas reserves in the Permian Basin. They see activity that will have major implications for the industry — including the many companies based in and operating around Texas — in the coming year.
Apache makes significant oil and gas discovery in West Texas from www.expressnews.com
oil production as momentum fades on a phase-out of fossil fuels. An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said.
Apache makes significant oil and gas discovery in West Texas
The new gear promises Chevron's Anchor and similar projects by Beacon Offshore Energy and BP will deliver a combined 300,000 barrels of new oil, and put 2 billion barrels of previously unavailable U.S "These ultra-high pressure fields are going to be a big driver for production growth in the Gulf of Mexico," Usoro added The Sea Port Oil Terminal would be 30 miles off the Texas coast and is one of four proposed offshore terminals designed to dramatically expand the U.S
Comparing the latest oil discovery to boomtown Texas oilfields. The Trump administration on Friday approved plans for a second deepwater oil loading terminal off the Texas coast, opening another door for continued long-term growth in American crude production. Even in this new environment, however, there have been surprises
More oil discovered in west Texas. Whilst Jazza or Korikori could still become the largest oil discovery of 2025, several hydrocarbon prospects are already out of the game, either hitting sub-commercial volumes of oil or not. However, there is no assurance that Recon's future exploration and development efforts will result in the discovery or development of commercial accumulations of oil and natural gas.