Novi

JULY 19, 2024

The highlights and links to the papers are here: Enhancing Production Efficiency: The Impact of Precision Targeting in the Midland Basin We highlighted the production and economic effects of the landing zone and the benefits of landing wells in the top half of the Lower Spraberry Shale or high in the Jo Mill.

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Rextag

DECEMBER 23, 2024

As the year draws to a close and the festive season surrounds us with cozy blankets, steaming mugs of cocoa, and the sparkle of holiday lights, its the perfect time to pause, reflect, and unwrap the biggest highlights of 2024. Fact: Hesss Guyana operations were so lucrative that some analysts called this deal the crown jewel of 2024.

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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. Mackie McCrea, co-CEO, Energy Transfer Full Year and Q4 2024 Financial Highlights* More highlights from the earnings call are below. billion compared to $3.6

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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). Permian Resources said 65 percent of 2025 operating activity will be focused in New Mexico and 30 percent in Texas in Delaware Basin and the remaining activity in Midland Basin.

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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

The University of Texas Permian Basin’s annual Permian Basin Water in Energy Conference (PBWIEC) will convene March 46, 2025, offering opportunities for innovation, collaboration, and industry recognition. Conferees converse between sessions of the 2024 Permian Basin Water in Energy Conference.

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Energy Transfer

NOVEMBER 19, 2024

On November 6, Energy Transfer reported its financial results for the third quarter of 2024 with an earnings call hosted by co-CEOs Tom Long and Mackie McCrea, and CFO Dylan Bramhall. Tom Long, co-CEO, Energy Transfer Q3 2024 Financial Highlights* More highlights from the earnings call are below.

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Energy Central

JULY 1, 2024

The second quarter of 2024 saw slight shifts in oil and natural gas activity, but major changes are looming on the horizon, according to new data from the Dallas Federal Reserve Energy Survey. ” The production indexes showed.

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Oil Gas Leads

MARCH 10, 2025

This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. ” Phillips 66 (PSX) Permian Basin: The Growth Engine of Midstream Expansion The Permian Basin is at the center of the midstream revolution.

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Oil Gas Leads

MARCH 10, 2025

Year-Over-Year Trends: Industry Adjustments Compared to the same period in 2024, the total U.S. million barrels per day (bpd) in 2024 to around 13.6 On the natural gas side, the EIA predicts a 73% increase in spot gas prices in 2025, which could prompt producers to boost drilling activity following a 14% price drop in 2024.

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Rextag

JANUARY 27, 2025

For several quarters, weve highlighted significant new natural gas demand in these areas, said CEO Kim Dang in the companys Q4 2024 earnings release. October 2024 : Kinder Morgan finalized plans for the Gulf Coast Express expansion to enhance natural gas distribution across the southern U.S. These expectations are now materializing.

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Novi

MAY 31, 2024

The Road So Far – Looking Back on the Deal Our original analysis noted that Tellurian rock quality typically sat in the tier-2 to tier-3 category basin-wide, equating to our second and third machine-learning-derived rock quality quartiles. Basin-wide, however, ~$3.00/Mcf Basin differentials are assumed to be ~0.25/Mcf,

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Oil Gas Leads

MARCH 11, 2025

The Permian Basin continues to solidify its role as the driving force behind U.S. Expansion of sour gas treating facilities in the Delaware Basin. ” The Pion Midstream acquisition in 2024 reinforced Enterprises position in sour gas processing. .” oil and gas production.

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Energy Transfer

OCTOBER 18, 2024

billion in organic growth projects, including an eighth fractionator at Mont Belvieu NGL Complex and a new processing plant in the Permian Basin. A full report will be issued again in 2024. The acquisitions, totaling $8.6 billion, enhanced our system capabilities and contributed to moving record volumes. Also invested $1.6

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Permian Basin Oil and Gas Magazine

MARCH 10, 2025

After about two years of testing and refining, he said, they began to release the product to the field in 2024, with very positive feedback. This is especially valuable in high-transaction environments like the Permian Basin, Elchitz observed. Now you can double down on your A+ pumpers and maybe give them a bonus, he suggested.

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Rextag

NOVEMBER 18, 2024

A Year of Growth, but Slower Than Before The International Energy Agency (IEA) has revised its forecast for global oil demand in 2024, projecting growth of 921,000 barrels per day (bpd) a slight increase from earlier predictions of 862,000 bpd. million bpd in 2024, up from last years record of 12.93 million bpd , compared to 102.8

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Valor

FEBRUARY 24, 2025

billion in 2024 from $13.4 million barrels per day (bpd) in 2024 to 13.6 Under pressure from activist investor Elliott Management, which holds a 5% stake, BP is shifting focus back to fossil fuels, selling 10 U.S. onshore wind farms and spinning off offshore wind assets. The companys profits fell to $8.2 The EIA forecasts U.S.

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Oil Review Middle East

MARCH 10, 2025

Rystad forecasts QatarEnergy will invest between US$14-15bn per year over the next few years as it continues to invest heavily in the North Field gas field and expanding LNG capacity, while ADNOCs expenditure, which reached US$5.7bn last year, is forecast to increase given its target of 5mn bpd production capacity by 2027.

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Producer's Edge

JANUARY 20, 2025

2024)] delves deep into pivotal force majeure issues tied to the NAESB form and arising out of Winter Storm Uri. Pioneer Natural Resources USA, Inc. ("Pioneer"), a natural gas producer operating in the Permian Basin, entered into a firm contract with MIECO, L.L.C. ("MIECO"), an energy trading firm. Pioneer Nat.

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Rextag

NOVEMBER 11, 2024

Billion Merger The Road to Expansion On October 1, 2024, Chesapeake Energy officially closed a $7.4 gas basins, rising LNG demand and domestic consumption growth is well-aligned to support long-term gas price improvements and sustained company growth. With its recent $7.4 Chesapeake and Southwesterns $7.4

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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. 600 million in non-core asset sales , primarily in the Southern Delaware Basin.

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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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Oil Gas Leads

MARCH 8, 2025

Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. 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.

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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. Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? 2024 Production: 6.3 MMBbl/d production increase in 2024.

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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 Leads

MARCH 11, 2025

Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.

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Oil Gas Leads

MARCH 6, 2025

This blog provides insights into the latest well permits and drilling activity in Block B21, Crane County, TX , based on a dataset of 74 well permits issued in 2024 and 2025. The oil and gas industry thrives on data, and understanding well permit trends and drilling activity is crucial for business development and operational planning.

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Oil Gas Leads

MARCH 3, 2025

Driving Efficiency: Key Gains in 2024 & 2025 Strategy Whitecap has made significant strides in drilling, completion, infrastructure, and cost optimization , setting the stage for a highly efficient 2025. billion Funds Flow: $1.65 billion ($2.81/share) Debt/EBITDA ratio Dividends & Share Buybacks: Base dividend of $0.73/share

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Oil and Gas Investments

NOVEMBER 27, 2024

That mine is owned by Mosaic, who will give the mine a small increase in production in 2024 from 350,000 tonnes to 400K. LOCATION-LOCATION-LOCATION The Autazes project is located along the Amazon Potash Basin, in NW Brazil, about 100 miles from the city of Manaus. In other words: Latin America has a shortage of local potash supply.

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Oil & Gas 360º

MARCH 10, 2025

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8

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Valor

MARCH 10, 2025

In the Permian Basin, rig count declined by 1 to 3049 fewer than last yearwhile Eagle Ford added 1 rig to reach 49, though thats still 3 less than the previous year. per MMBtu, are driving producers to increase output after months of curtailments in 2024. Read more U.S. per barrel (up 1.22%) and Brent at $70.41 per barrel (up 1.37%).

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Valor

FEBRUARY 11, 2025

Read more ConocoPhillips Q4 earnings surpass expectations, driven by the Permian Summary : ConocoPhillips reported fourth-quarter 2024 adjusted earnings per share of $1.98, surpassing analysts’ expectations of $1.89, though down from $2.40 The Permian Basin saw the largest increase, adding four rigs, highlighting the resilience of U.S.

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Aresco

NOVEMBER 7, 2024

Although the ban was ultimately overturned by a federal judge in mid-2024, the restriction dealt a severe blow to the industrys ability to meet global demand and weakened the confidence of foreign allies reliant on American energy. LNG Exports for Allies and Industry One of the significant setbacks to the U.S.

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Crude Oil Futures

JANUARY 3, 2025

million bpd - nearly 14 % of the global oil production; by October, 2024, the US oil production has reached a staggering 13.457 million bpd, securing an unassailable lead over its rivals in the OPEC+. million bpd, when the global production was 96.4

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