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

Rextag

This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output.

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What's behind the fall of US Gas Reserves by 25% in 2025

Energy Central

gas inventories fell to 1,760 Bcf as of February 28, ~11-12% below the 5-year average and ~25% below last year (EIA). Record withdrawals have left inventories 12% below the 2020-2024 norm, leading to tight supplies and higher prices ahead of the spring restocking season. Storage capacity in Europe is well below.

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

Rextag

is entering the cold season with the largest natural gas storage inventories since 2016, putting downward pressure on power forward prices across much of the country. 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).

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

Rextag

billion project spanning 216 miles, designed to enhance natural gas transportation between Katy, Texas, and the Gulf Coasts LNG and industrial hub near Port Arthur. Bcf/d and is set to commence operations in the first quarter of 2027, pending regulatory approvals. Bcf/d capacity project. Bcf/d capacity project.

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ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

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. Natural Gas Processing Capacity Growth ONEOK is relocating a 150 MMcf/d natural gas processing plant from North Texas to the Permian Basin.

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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. Key Components of Vertical Integration: Natural Gas & NGL Processing Processing plants remove impurities and separate hydrocarbons for further use.

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Tellurian Upstream Sale: On To Greener Pastures

Novi

Below, we reflect on the deal and walk through what might be next for the play now that gas prices are back in the mid $2/Mcf range. A Quick Refresher on Haynesville Economics To be blunt, the Haynesville is essentially not economic with gas sub $3/Mcf, although we note that some pockets can work down to the $2.50/Mcf Bcf/d in Q1/24.