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

Oil & Gas 360ยบ

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026.

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Permian Resources plans to increase production in 2025 by 8 percent

Permian Basin Oil and Gas Magazine

Midland-based Permian Resources said last week it plans to increase production in 2025 by 8 percent to 360,000 to 380,000 boed and reduce well costs to $775 per lateral foot (compared to $800 in previous three months and $950 at yearend 2023). Average lateral lengths in 2025 are forecast at 10,000 feet (9,300 in 2024).

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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. per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6% Production Growth Despite Fewer Rigs Oil production in the Permian Basin increased to 6.5 million barrels per day (bpd) , reflecting a 1.3%

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ONEOKโ€™s Expanding Footprint in the Permian Basin

Oil Gas Leads

The Permian Basin continues to be a driving force behind U.S. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. Bcf/d in 2025. oil and gas production, and ONEOK Inc.

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Valor | Energy Connection โ€“ Feb. 24, 2025

Valor

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels per day (bpd) in 2024 to 13.6 billion cubic feet per day (bcfd) in 2025.

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Civitas expands Permian position with new assets in Howard, Glasscock, Upton

Permian Basin Oil and Gas Magazine

Denver-based Civitas Resources said last week it expanded its Permian Basin position with the purchase of operated assets in Howard, Glasscock and Upton counties in Midland Basin. Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day. Forty percent of Permian activity is planned in Delaware Basin.

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Pemex oil exports fall in January, including by 36 percent to U.S.

Permian Basin Oil and Gas Magazine

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. appeared first on Permian Basin Oil and Gas Magazine.