2023 Barrel Gas 
OilPrice
MARCH 6, 2025
The eight OPEC+ countries that pledged additional voluntary output reductions in 2023 have announced that they will proceed with their plan to gradually roll back the reductions. million barrel per day cut from April.
Oil & Gas 360º
MARCH 11, 2025
(Oil & Gas 360) – Switching Back To An Employer-Driven Economy (From Ruler-Driven) Restoring Upward Mobility Of The Masses Will Have A Profitable Oil & Gas Drilling Boom. Last weeks 80 Bcf draw in working natural gas inventory has it down at 1,760 Bcf on February 28 (Figure 9, red line). Figure 9: U.S.
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Oil & Gas 360º
MARCH 6, 2025
The spread between the two pricing points narrowed to 23 cents in March, the lowest since November 2023. That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S. million barrels last week, its highest level in four months. Gulf Coast pressured that market lower. premium to U.S.
Reporting Oil and Gas
NOVEMBER 28, 2023
During the first three quarters of 2023, the nation experienced a 9.54 million barrels, according to Finance Minister Ken Ofori-Atta. This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields.
Permian Basin Oil and Gas Magazine
MARCH 4, 2025
million barrels (80,200 barrels per day) up 23 percent from 2023. million boed (170,000 boed) up 12 percent from 2023. Estimated net proved reserves at yearend 2024 were 673 million barrels of oil equivalent, including 51 percent in south Texas, 34 percent in Midland Basin and 15 percent in Uinta Basin.
The Energy Law
MARCH 15, 2023
20-0904, 2023 WL 2438927 (Tex. 2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. Sheppard , — S.W.3d
Permian Basin Oil and Gas Magazine
MARCH 7, 2025
Midland-based Permian Resources said last week it plans to increase production in 2025 by 8 percent to 360,000 to 380,000 boed and reduce well costs to $775 per lateral foot (compared to $800 in previous three months and $950 at yearend 2023). Fourth quarter production was 171,300 barrels of oil per day (368,400 boed).
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