Energy Transfer

FEBRUARY 12, 2025

On February 11, Energy Transfer reported its financial results for the fourth quarter and year ended 2024 with an earnings call hosted by co-CEOs Tom Long and Mackie McCrea. Data centers are learning a lot about the natural gas business and how critical it is to what they’re doing. billion compared to $3.6

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Rextag

FEBRUARY 13, 2025

He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. By targeting a 40% cut in oil-and-gas output by 2030 relative to 2019 levels, he repositioned BP as a leader in renewables, wind, solar, and electric vehicle (EV) charging. billion 3Q 2024 : $2.27 billion 3Q 2024 : $2.27

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Permian Basin Oil and Gas Magazine

MARCH 7, 2025

25 he expects no change to the capital budget of about $2 billion from 2024. Average lateral lengths in 2025 are forecast at 10,000 feet (9,300 in 2024). Fourth quarter production was 171,300 barrels of oil per day (368,400 boed). Co-CEO James Walter said Feb.

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Valor

FEBRUARY 24, 2025

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. billion in 2024 from $13.4 million barrels per day (bpd) in 2024 to 13.6

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Energy Central

MAY 6, 2024

million barrels per day (BPD). However, current data from the Energy Information Administration (EIA) shows that average daily production thus far in 2024 is 13.12 Last year marked a record for U.S. oil production with an average daily production of 12.93 That record was 5% greater than the previous record of 12.31

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Energy Central

JULY 7, 2023

85% expect a significant tightening of oil supplies in 2024. production will be down 20 to 30 percent quickly" Supply issues will drive oil and gas prices much higher in 2024. Oil is at $77 a barrel now, $95 is likely by year end, and higher in 2024. "Shale will likely tip over in five years, and U.S.

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Oil Gas Leads

MARCH 10, 2025

oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline , bringing the total national rig count to 592. While the decrease was minimal, it reflects broader industry trends influenced by oil and gas prices, production strategies, and market conditions. bcfd in 2024.

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Reporting Oil and Gas

NOVEMBER 28, 2023

million barrels, according to Finance Minister Ken Ofori-Atta. This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields. million barrels, the TEN field produced 5.02 million barrels.

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Iraq Business News: Oil & Gas

FEBRUARY 6, 2025

DNO ASA , the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of what it described as " stellar production " in the Kurdistan region of Iraq. Sales prices averaged USD 35 per barrel with payments deposited into DNO's international bank accounts ahead of deliveries. By John Lee.

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Oil Gas Leads

MARCH 11, 2025

oil and gas production. With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. Jim Teague, Co-CEO: “Rich natural gas production, just sticking to the Permian, continues to exceed our expectations. .”

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Oil Gas Leads

MARCH 8, 2025

oil and gas production, and ONEOK Inc. During its Q4 2024 earnings call , ONEOK outlined significant infrastructure expansions, acquisitions, and future growth opportunities in the Permian. Natural Gas Processing Capacity Growth ONEOK is relocating a 150 MMcf/d natural gas processing plant from North Texas to the Permian Basin.

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Oilholics Synonymous Report

JANUARY 29, 2025

It involves sequential chemical reactions that convert a carbon monoxide and hydrogen mix, or synthetic gas ("syngas") into liquid hydrocarbons. Gaurav Sharma, December 18, 2024. For context, you'd mostly find that e-sustainable aviation fuels or e-SAFs start-ups (i.e. This is massive if achieved on a commercial scale.

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Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

The agreement, signed in Baghdad on Tuesday under the patronage of Prime Minister Mohammed Shia Al-Sudani, encompasses oil, gas, power and water development, with potential for future exploration investment. We thank the Government of Iraq for the trust and privilege to deepen our cooperation in-country. "

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OilPrice

MARCH 7, 2025

Chinas crude oil imports over the first two months of the year fell 5% on 2024 as the parting round of sanctions that the Biden administration imposed on Russian energy affected international flows. million barrels. million barrels. million barrels. A year ago, the average daily was 10.74

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Rextag

FEBRUARY 17, 2025

The International Energy Agency (IEA), once regarded as the gold standard for energy forecasting, now faces significant criticism for its 2024 World Energy Outlook (WEO). If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. According to Mark P.

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Oil Gas Leads

MARCH 7, 2025

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. power demand. “As we announced today, we signed PSAs for about $600 million.

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Energy Transfer

DECEMBER 23, 2024

2024 is almost in the books! As we wind down the remaining days until the New Year, lets take a look back at some of the highlights of 2024. The two-year partnership began with the 2024 season with Energy Transfer and Sunoco logos displayed on the teams car for the three Formula 1 Grand Prix races in the U.S.

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Oil & Gas 360º

MARCH 6, 2025

Still, Mexico exported more than 600,000 barrels per day (bpd) on average to the United States in 2024, according to data from the U.S. Mexico has seen its total oil exports drop off in recent years due to Pemex struggling with the worst decline in production in decades. Energy Information Administration (EIA).

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Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. oil & gas basins , the leading companies , and market trends using the latest data and forecasts.

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Oil Gas Leads

MARCH 11, 2025

oil and gas production , with Energy Transfer reporting a 9% increase in legacy Permian throughput in 2024. McCrea, Co-CEO Major Pipeline Investments to Unlock Permian Gas Supply With rising Permian production comes the need for expanded pipeline capacity to move natural gas, crude oil, and NGLs to market.

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Oil & Gas 360º

MARCH 10, 2025

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

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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.

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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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Valor

MARCH 10, 2025

March 10, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. per barrel (up 1.22%) and Brent at $70.41 per barrel (up 1.37%).

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Rextag

JANUARY 6, 2025

As we step into 2025, reflecting on the turbulent, transformative energy landscape of 2024 is essential. While clean technologies achieved record growth, the enduring dominance of oil, gas, and LNG underscored the complexities of balancing energy security, economic stability, and climate ambitions. Record U.S. Shale Output: U.S.

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Crude Oil Futures

FEBRUARY 26, 2025

per barrel, and Brent crude at $72.81. Liquefied natural gas (LNG) prices have also decreased, following a doubling from what it was in the last quarter of 2024. However, a significant drop in oil prices below $60 per barrel would pose substantial revenue challenges for oil-producing nations, reminiscent of the 2012 downturn.

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Enverus

MARCH 7, 2025

BP is not alone in this pivot; Exxon and Shell have also restructured their strategies to prioritize traditional oil and gas over renewable ventures. So far, it appears betting on renewables has not yet yielded the expected returns compared to traditional oil and gas investments. “The world is getting older.

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Valor

FEBRUARY 11, 2025

February 11, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. The spike in gas prices is driven by supply constraints and higher demand, especially in winter. drillers add oil and gas rigs for second week in a row Summary : U.S. the previous year.

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Oil & Gas 360º

MARCH 13, 2025

(Reuters) – HOUSTON, March 13 Donald Trumps return to the White House caused animal spirits to soar in the oil and gas sector, and these vibes were palpable in the halls of the sectors annual conference in Houston this week. The United States already became the worlds top oil and gas producer under former President Joe Biden.

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Oil & Gas 360º

MARCH 10, 2025

oil and gas output – already at record levels before he took power. He has ended a pause in new gas export project approvals and overturned a ban on drilling in federal waters. Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S.

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Valor

MARCH 3, 2025

March 3, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. per barrel and WTI up 25 cents to $70.01, after posting their first monthly decline since November. per barrel in 2025, with potential impacts from U.S. per barrel, down 3.8%

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Crude Oil Futures

FEBRUARY 19, 2025

Source: US-BLS On Wednesday, February 18, 2025, crude oil and liquefied natural gas (LNG) prices rose slightly amid political tensions in Europe. per barrel, Brent hit $76.94, and LNG surpassed $4 per million British thermal units (MMBtu)a threshold not crossed in months, despite the Northern Hemisphere emerging from winter.

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