2024 Barrel Drivers 
Oil Gas Leads
MARCH 4, 2025
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. per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6%
Energy Central
OCTOBER 7, 2024
million barrels per day. oil output remains a key driver of the global energy market. According to the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration, year-to-date daily average oil production is 13.2 higher than last year’s record production of 12.5 million BPD. This ongoing growth in U.S.
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Oil Gas Leads
MARCH 8, 2025
During its Q4 2024 earnings call , ONEOK outlined significant infrastructure expansions, acquisitions, and future growth opportunities in the Permian. West Texas NGL Pipeline Expansion The West Texas NGL pipeline is being expanded to 740,000 barrels per day (bpd) to accommodate increasing NGL production.
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. 2024 Production: 6.3 2024 Production: 6.3 MMBbl/d production increase in 2024. However, in late 2024, the Matterhorn Express pipeline came online, adding 2.5
Oil Gas Leads
MARCH 11, 2025
Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S. oil and gas production , with Energy Transfer reporting a 9% increase in legacy Permian throughput in 2024. Marcus Hook Terminal Expansion Adding a 900,000-barrel refrigerated ethane storage tank.
Oil Gas Leads
MARCH 8, 2025
During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand. Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. energy production.
Oil & Gas 360º
MARCH 13, 2025
million barrels per day (bpd) in 2025 and climb further to 13.76 producer OXY Energy Services warned that oil prices below $60 a barrel would likely force small drillers to reduce activity. oil prices are currently around $68 a barrel. million bpd in 2026. But there is an obvious problem here. The CEO of U.S. Benchmark U.S.
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