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Upstream Production Report: 2022 vs. 2023 vs. 2024 – Main Basins, Operators, Oil vs. Gas

Rextag

This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. OXY (Occidental) is the top oil producer , while Expand Energy is a strong gas producer despite minimal oil output. in 2023 compared to 2022 but recovered slightly by 0.4% in 2024.

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SM Energy reports record proved reserves, including 34 percent in Midland Basin

Permian Basin Oil and Gas Magazine

SM Energy of Denver recently reported record oil production for 2024 and also a company record for yearend estimated net proved reserves. million barrels (80,200 barrels per day) up 23 percent from 2023. million boed (170,000 boed) up 12 percent from 2023. Oil production last year was 29.4 Total production was 62.4

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[Report] THE 3 MAJOR US TIGHT OIL BASINS - Q3 2023

Energy Central

The Permian, Eagle Ford and Williston In this report, we will analyze the latest developments in the 3 largest US tight oil basins, which include the Permian, Williston, and the Eagle Ford. Together, these basins were producing over 7.5 million barrels of oil per day in May 2023, while outside these basins less than 1.2

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Permian Basin Economic and Energy Update: Q4 2024

Oil Gas Leads

The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. A combination of rising energy prices, stable production, and economic expansion has positioned the region as a key driver of the U.S. Production Growth Despite Fewer Rigs Oil production in the Permian Basin increased to 6.5

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[Report] Revealing Horizontal Well Oil Production Across Major US Basins — December 2023

Energy Central

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 Denver-Julesburg (DJ). Together, these 4 basins were producing over 8 million barrels of oil per day (b/d) in August 2023, while outside these basins less than 0.8

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2023 Master Plan Brings Updates to Coastal Research and Projects

The Energy Law

The Louisiana Coastal Protection and Restoration Authority (CPRA) recently released its 2023 draft Coastal Master Plan , which is required by law to be updated every six years. A total of 61 restoration projects and 12 risk reduction projects were ultimately selected for inclusion in the 2023 plan. [4]

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Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

Kicking off the first large Permian deal of 2025, Diamondback Energy acquired part of the assets of Double Eagle IV for $4.1 Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] 5] Look for opportunities in less consolidated areas or other basins.

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