Remove 2023 Remove Basin Remove Completion
article thumbnail

Ring Energy divests non-core vertical wells after Lime Rock acquisition

Permian Basin Oil and Gas Magazine

Ring is in the process of bolting on central basin platform assets from Lime Rock and is divesting expensive, non-core vertical wells. Ring drilled 5 horizontal wells and 4 vertical wells and completed 10 wells with all drilling and completion activity occurring in central basin platform.

52
article thumbnail

EIA: Rigs deployed to drill for natural gas in U.S. decline last two years

Permian Basin Oil and Gas Magazine

EIA said March 4 the decline was concentrated in Haynesville and Appalachia, where gas rigs declined by a combined 34 percent during 2023 (43 rigs) and 24 percent in 2024 (21 rigs). The decline coincides with record-low natural gas prices for most of 2024 and the wider adoption of advanced drilling and completion technologies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

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.

article thumbnail

Energy Transfer Continues 2024 Momentum With Strong Third Quarter Earnings

Energy Transfer

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.

article thumbnail

Going Horizontal

Permian Basin Oil and Gas Magazine

But after that comes completions, including coiled tubing, cementing, and all thats entailed in those procedures. Nick Pottmeyer Nine Energy Service handles many completion procedures. Nick Pottmeyer is President of Completion Tools Operations for the company, and Joe Huwel is President of Cementing and Coiled Tubing.

article thumbnail

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

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

Basin 40
article thumbnail

BP Expands U.S. Natural Gas Production Amid Rising Prices and LNG Growth

Oil Gas Leads

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. This growing demand for U.S.