2024 Basin Engineer 
Oil Gas Leads
MARCH 4, 2025
The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. Production Growth Despite Fewer Rigs Oil production in the Permian Basin increased to 6.5 For the full year 2024, Midland-Odessa job growth was 0.9% , lagging behind both Texas (1.7%) and national averages (1.3%).
Oil Gas Leads
MARCH 8, 2025
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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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.
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. Source: Novi Insight Engine. Basin-wide, however, ~$3.00/Mcf Mcf range.
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.
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.
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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