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Targa Resources reports record production in 2024 and 4Q

Permian Basin Oil and Gas Magazine

Houston-based Targa Resources recently reported record production for 2024Q4 and fullyear 2024. 20 it completed its new Greenwood II plant in Midland Basin (275 million cfd) and its new Train 10 fractionator in Mont Belvieu (120,000 b/d). Targa said Feb. Targa said 2025 net growth capital expenditures will be $2.6 billion to $2.8

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ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

The Permian Basin continues to be a driving force behind U.S. During its Q4 2024 earnings call , ONEOK outlined significant infrastructure expansions, acquisitions, and future growth opportunities in the Permian. Heres a breakdown of what was said about the companys investments and outlook for the basin. Bcf/d in 2025.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.

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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

natural gas-directed rigs decreased 32 percent between December 2022 and December 2024. 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). MMBtu) and an additional 16 percent in 2024 ($0.43

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URTeC 2024 Recap: Insights and Highlights from the Novi Team

Novi

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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Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

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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Energy Transfer Continues 2024 Momentum With Strong Third Quarter Earnings

Energy Transfer

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.