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Upstream Production Report: 2022 vs. 2023 vs. 2024 – Main Basins, Operators, Oil vs. Gas

Rextag

Operator Oil (MMBBL) Gas (BCF) Hilcorp 78 MMBBL 438 BCF EOG 164 MMBBL 134 BCF OXY (Occidental) 185 MMBBL 107 BCF Expand Energy 0.018 MMBBL 266 BCF ConocoPhillips 156 MMBBL 109 BCF ExxonMobil 123 MMBBL 139 BCF Chevron 145 MMBBL 115 BCF Devon 121 MMBBL 99 BCF Pioneer 128 MMBBL 84 BCF EQT 0.39

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Like a Black Friday Sale: U.S. Winter Power Prices Fall as Natural Gas Inventories Hit Eight-Year High

Rextag

Key Numbers to Watch Natural Gas Storage: 3,922 Bcf (6% above five-year average). 2024 Gas Injections: 1,640 Bcf (21% below five-year average). Winter Gas Withdrawals Forecast: 1,957 Bcf. finished the 2024 natural gas injection season with 3,922 billion cubic feet (Bcf) of gas in storage. Eastern U.S.:

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FROM KATY TO THE COAST: WILL KINDER MORGAN’S $1.7B TRIDENT PIPELINE MAKE NATURAL GAS MORE RELIABLE?

Rextag

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. Bcf/d capacity project. The pipeline will have a capacity of 1.5 energy demands.

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Tellurian Upstream Sale: On To Greener Pastures

Novi

Aethon gets additional gathering and processing capacity to bolt onto its midstream assets in the basin and a production boost to an already compelling growth story as the company is now ~3x or ~2 Bcf/d higher than its 2020 exit rate. Note: Assumes D&C costs of ~$1,200/ft and includes all wells from all operators (2021 to 2024 vintages).

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ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

During its Q4 2024 earnings call , ONEOK outlined significant infrastructure expansions, acquisitions, and future growth opportunities in the Permian. Bcf/d in 2025. LNG exports , which are expected to increase from 16 Bcf/d today to nearly 30 Bcf/d in the coming years. oil and gas production, and ONEOK Inc.

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

Oil Gas Leads

With 6,000 wells drilled in 2024 , this region remains the largest driver of U.S. We’ve seen 10 Bcf of growth over the last four or five years out of that basin. has added 16 Bcf/d of LNG export capacity , expected to reach 30 Bcf/d soon. energy production growth. Why the Permian? ” Marshal S.

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A Look Back on 2024

Energy Transfer

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.