Enverus

MARCH 10, 2025

Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] Although the recent Diamondback deal sets a new benchmark at $7 million per location, exceeding a comparable 2023 Permian deal of OXY’s CrownRock acquisition at $4.8 million per location. [2]

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Energy Central

APRIL 6, 2023

In this report, we will analyze the latest developments in the 4 largest US tight oil basins, which include the Permian, Williston, Eagle Ford, and the DJ. Together, these basins produced more than 7.2 Total production by basin The following overview shows the total tight oil production history for each of these basins.

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Energy Transfer

OCTOBER 18, 2024

Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others. billion in organic growth projects, including an eighth fractionator at Mont Belvieu NGL Complex and a new processing plant in the Permian Basin.

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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). Co-CEO James Walter said Feb.

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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

M&A Activity Shifts to Portfolio Optimization : After $250 billion in M&A deals since 2023, companies are now focused on divesting non-core assets and improving capital returns. ( Related: O&G Outlook for 2025 The post Energy Trends for 2025 appeared first on Permian Basin Oil and Gas Magazine.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Last year exports averaged about 811,000 b/d after more than 1,000,000 b/d in 2023. appeared first on Permian Basin Oil and Gas Magazine. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality. The monthly level is the lowest since current record system began in 1990.

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Energy Transfer

FEBRUARY 12, 2025

This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA compared to Q4 2023. This was up 13% over 2023 and was a partnership record. billion, which was up 10% over 2023 and was also a partnership record. billion for the fourth quarter of 2023. billion for the fourth quarter of 2023.

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Energy Transfer

NOVEMBER 19, 2024

This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA over Q3 2023. billion for the third quarter of 2023. Adjusted EBITDA was $816 million compared to $631 million for the third quarter of 2023. Adjusted EBITDA was $768 million compared to $706 million for the third quarter of 2023.

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Energy Transfer

DECEMBER 10, 2024

According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. In addition, 15 units were operated by third parties across the West Texas region in 2023, saving another 112,000 tons of CO 2. In fact, the No. 1 reason carbon emissions have decreased in the U.S.

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The Energy Law Blog

FEBRUARY 28, 2023

3d , 2023 WL 526075, the Louisiana Supreme Court rejected a writ of mandamus that would have compelled the LDNR to satisfy a $4.7 In Crooks v. State of Louisiana through the Department of Natural Resources , 22-0625 (La. 1/1/23), So. million judgment for reimbursement of mineral royalties.

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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

Starting Small, then Growing by Leaps and Bounds Early in the shale revolution, before about 2012, 5000-foot laterals were the new and challenging thing in the Permian Basin. Three milesabout 15,000 feetbegan trending in about 2023. Both lent their insights into ways Nine is moving forward in accessing longer laterals.

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Valor

FEBRUARY 24, 2025

billion in 2023, prompting cost-cutting measures, a 5% staff reduction, and slashed executive bonuses. Under pressure from activist investor Elliott Management, which holds a 5% stake, BP is shifting focus back to fossil fuels, selling 10 U.S. onshore wind farms and spinning off offshore wind assets. The companys profits fell to $8.2

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Rextag

NOVEMBER 18, 2024

million bpd in 2023. million barrels a day increase seen in 2023. Much of this growth stems from higher output in the Permian Basin, where technological advancements and efficiency boost yields. This brings expected global demand for next year to 103.8 million bpd , compared to 102.8 Leading the Way in Supply The U.S.

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Drillers

MARCH 24, 2020

The proposals got approved as amendments to the 1993 Deep Offshore and Inland Basin Production Sharing Contractin October. on frontier and inland basin projects. One of these measures targets offshore projects specifically. The second measure is linked to oil prices.

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Rextag

JANUARY 16, 2025

Civitas Resources is reportedly considering the sale of its oil and gas assets in Colorados Denver-Julesburg (D-J) Basin and may reinvest the proceeds in acquiring additional assets in the Permian Basin, including the highly sought-after position held by Double Eagle IV, according to analysts and media reports.

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Rextag

FEBRUARY 24, 2025

Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? 2023 Production: ~6.0 We analyze major U.S. 2024 Production: 6.3

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Oil Gas Leads

MARCH 13, 2025

natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. Haynesville Basin: The Right Time to Ramp Up The Haynesville Basin, located in eastern Texas and northwestern Louisiana, has long been a critical natural gas-producing region. BP is doubling down on its U.S.

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Energy Transfer

DECEMBER 23, 2024

Texas Rangers Announced a Multi-Year Agreement With Energy Transfer Texas Rangers and Energy Transfer expanded their partnership to include a multi-year deal in which Energy Transfer became the official jersey patch partner of the 2023 World Series Champion Rangers. Bcf/d, and two additional processing plants that are under construction.

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Oil and Gas Investments

NOVEMBER 27, 2024

LOCATION-LOCATION-LOCATION The Autazes project is located along the Amazon Potash Basin, in NW Brazil, about 100 miles from the city of Manaus. billion of agricultural products in 2023, and Brazil ranks first in production for many of the worlds highest-demand and potash-intensive crops, like soybean and sugarcane. from 2023 to 2027.

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Valor

MARCH 10, 2025

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. In the Permian Basin, rig count declined by 1 to 3049 fewer than last yearwhile Eagle Ford added 1 rig to reach 49, though thats still 3 less than the previous year. Market uncertainty stems from U.S.

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Permian Basin Oil and Gas Magazine

MARCH 13, 2025

Even before Donald Trump was elected, organizations started backing off, including publicly traded corporations that now have a considerable stake in the Permian Basin. Supreme Court struck down Affirmative Action in 2023. DEI programs took a huge hit when the U.S. Then, in 2024, the U.S. Supreme Court in Loper Bright Enterprises v.

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Marcellus Shale Coalition

FEBRUARY 26, 2025

At the end of 2023, for example, New Englanders paid 31% more for natural gas compared to U.S. And the lone infrastructure success for the Appalachian Basin, the Mountain Valley Pipeline (MVP), actually took an act of Congress to complete and become operational. A reality the Governor’s constituents are now forced to face.

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Crude Oil Futures

JANUARY 3, 2025

President Trump may have been emboldened by the fact that the US has been the biggest oil producer in the world for the past 6 years; in 2023, for instance, the US produced 12.9 million bpd, when the global production was 96.4

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