Permian Basin Oil and Gas Magazine

MARCH 14, 2025

The Woodlands-based Ring Energy said last week it divested non-core vertical wells with high operating costs for $5.5 Ring is in the process of bolting on central basin platform assets from Lime Rock and is divesting expensive, non-core vertical wells. For fullyear 2024, capital spending was $151.9

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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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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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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. Adjusted EBITDA was $1.01

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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

West Virginia remains a highlight , now operating 11 rigs , having sustained its rig addition from three weeks ago. Oklahomas drilling activity was unchanged at 49 rigs , reflecting stable operations in the region. Year-Over-Year Trends: Industry Adjustments Compared to the same period in 2024, the total U.S. bcfd in 2024.

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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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Energy Transfer

OCTOBER 18, 2024

Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others. Congratulations to our employees for their unwavering commitment to achieving operational excellence day in and day out. Also invested $1.6

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Rextag

JANUARY 27, 2025

Bcf/d and is set to commence operations in the first quarter of 2027, pending regulatory approvals. For several quarters, weve highlighted significant new natural gas demand in these areas, said CEO Kim Dang in the companys Q4 2024 earnings release. These initiatives are progressing and will drive substantial growth once operational.

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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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Permian Basin Oil and Gas Magazine

MARCH 10, 2025

The shutdowns really provided the impetus for a lot of operators to get on track with a simple solution that was lightweight, easy, and cost-effective for them to run, he said. 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.

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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. Enterprise Products Partners LP , a leading midstream operator, is taking a strategic approach to expansion , focusing on pipeline investments, LNG and LPG exports, and securing fee-based revenue to ensure long-term stability. oil and gas production.

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Valor

FEBRUARY 24, 2025

billion in 2024 from $13.4 million barrels per day (bpd) in 2024 to 13.6 Read more Contact Valor Today Contact us today if you need help outsourcing your oil and gas operations. Under pressure from activist investor Elliott Management, which holds a 5% stake, BP is shifting focus back to fossil fuels, selling 10 U.S.

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Oil Review Middle East

MARCH 10, 2025

QatarEnergy is heavily expanding its LNG production , with an eye on longterm demand from Asia, and is forecast to operate nearly 120mn tonnes per annum (Mtpa) of LNG capacity by 2035, with its North Field projects targeting 126 Mtpa by 2027. ADNOC's LNG capacity is set to expand significantly with the Ruwais LNG project (9.6

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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 The newly formed company, now known as Expand Energy, operates under the Nasdaq ticker EXE, symbolizing its fresh identity in the energy landscape. Chesapeake and Southwesterns $7.4 and globally.

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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. “At flat activity, we can grow the Lower 48 business.

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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 6, 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. 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.

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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 3, 2025

With a strategic focus on capital discipline, operational optimizations, and infrastructure enhancements, Whitecap is well-positioned to navigate commodity price volatility while delivering strong production growth and shareholder returns. 5% operating cost reductions could add $250 million in savings. billion Funds Flow: $1.65

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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. The combined company will continue to pay Whitecap’s annual dividend of $0.73

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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. What’s left is the operating license.

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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

In contrast, the Biden administration introduced a number of stricter regulations, which industry leaders argued created operational challenges as well as increased costs. When Trump takes office in January, the oil and gas sector is expecting a reversal of these restrictive regulations. The export ban limited access to U.S.

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