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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. oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. per barrel of oil equivalent (boe) , up 15.6% per barrel , marking a 5.2%

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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. 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. This synergy allows for lower-cost crude transportation and higher margins.

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

Oil & Gas 360º

Following an increase in its oil and gas budget from $120 million to $246 million for the 2024/2025 period, the Uganda National Oil Company (UNOC) is driving exploration across underexplored areas in the country. In Namibia, NAMCOR is working with IOCs toward first oil production from the Orange Basin by 2029.

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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. billion compared to $3.54

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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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U.S. Rig Count Dips Slightly After Five-Week Streak – Baker Hughes

Oil Gas Leads

Year-Over-Year Trends: Industry Adjustments Compared to the same period in 2024, the total U.S. rig count is down by 30 rigs (-5%) , which includes declines of 18 oil rigs and 14 gas rigs. crude oil production will rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.6 bcfd in 2024.

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From Wellhead to Water: How Midstream Companies Are Shaping the Future of Energy Exports

Oil Gas Leads

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. Pipeline Transportation Crude oil, natural gas, and NGLs move from production sites to storage and processing facilities.