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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. per boe , reflecting improved transportation dynamics and stronger demand. Production Growth Despite Fewer Rigs Oil production in the Permian Basin increased to 6.5 compared to 2023. oil and gas sector.

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Highlights from Energy Transfer’s 2023 Corporate Responsibility Report

Energy Transfer

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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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). per million British thermal units in 2022, it fell 62 percent in 2023 ($4.31 After the U.S. MMBtu) and an additional 16 percent in 2024 ($0.43

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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. We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%).

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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. We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%).

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How the Oil & Gas Industry is Helping Reduce Emissions

Energy Transfer

According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. For nearly 30 years, Energy Transfer has played a major role in powering the natural gas revolution, transporting approximately 30 percent of all natural gas in the U.S. In fact, the No.

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Oil Market Outlook: A Year of Growth, but Slower Than Before

Rextag

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 shift is slowly reducing oil demand, especially in transportation. This brings expected global demand for next year to 103.8

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