Permian Basin Oil and Gas Magazine

MARCH 4, 2025

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. Pemex produced crude oil and condensate of 1.62

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Oil Gas Leads

MARCH 4, 2025

Energy Market Trends: Prices on the Rise Crude oil and natural gas prices saw notable increases in Q4. The price of West Texas Intermediate (WTI) crude oil closed the quarter at $71.72 per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6% increase compared to the third quarter.

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Oil Gas Leads

MARCH 10, 2025

March 10, 2025 The U.S. oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline , bringing the total national rig count to 592. While the decrease was minimal, it reflects broader industry trends influenced by oil and gas prices, production strategies, and market conditions.

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Oil Gas Leads

MARCH 11, 2025

Enterprise executives highlighted that Permian growth is exceeding prior forecasts , and the company is already preparing to update its projections in Q2 2025. Key Investments: Two new gas processing plants set to go online in 2025. Major Pipeline Expansions: Bahia NGL Pipeline (Q4 2025) Increasing NGL takeaway from the Permian.

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Oil Gas Leads

MARCH 8, 2025

West Texas NGL Pipeline Expansion The West Texas NGL pipeline is being expanded to 740,000 barrels per day (bpd) to accommodate increasing NGL production. The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. Bcf/d in 2025. Total Permian gas processing volumes are projected to reach ~1.6

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Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Haitham Al Ghais, OPEC Secretary-General.

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Rextag

JANUARY 9, 2025

ANALYSTS REACT TO WEAKNESS IN KEY DIVISIONS Despite the negative trading update across Shell's oil, gas, and power businesses, analysts from RBC Capital Markets, Biraj Borkhataria, and Adnan Dhanani indicated that the broader outlook and shareholder returns for 2025 should remain unaffected. million oil-equivalent barrels per day.

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Rextag

NOVEMBER 18, 2024

A Year of Growth, but Slower Than Before The International Energy Agency (IEA) has revised its forecast for global oil demand in 2024, projecting growth of 921,000 barrels per day (bpd) a slight increase from earlier predictions of 862,000 bpd. million barrels a day increase seen in 2023. as the worlds top oil producer.

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Energy Transfer

FEBRUARY 12, 2025

We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). Adjusted EBITDA was $760 million compared to $775 million for the fourth quarter of 2023.

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Oil & Gas 360º

MARCH 10, 2025

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. The transaction is expected to close before May 30, 2025. The transaction is expected to close before May 30, 2025.

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Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. crude oil investments.

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Oil Gas Leads

MARCH 11, 2025

This investment includes: New processing plants such as the Badger Plant (200 MMcf/d capacity, Delaware Basin, online mid-2025) and the Mustang Draw Plant (275 MMcf/d, Midland Basin, online H1 2026). Enhancements to existing plants , adding 100 MMcf/d in incremental processing capacity by Q1 2025. Bcf/d from Waha, TX, to Maypearl, TX.

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Energy Transfer

DECEMBER 23, 2024

anindependent liquids terminal and pipeline operator with approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. In a deal valued at $7.3

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Oil Gas Leads

MARCH 8, 2025

The EPIC acquisition will allow them to shift these barrels onto their own network , capturing better margins and improving logistics efficiency. A new Pinnacle processing plant will come online in July 2025 , providing additional NGL supply. The company hinted at another processing plant expansion announcement later in 2025.

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Oil Gas Leads

MARCH 7, 2025

The company reported 833,000 barrels of oil equivalent per day (boe/d) in the Permian for Q4 2024, attributing its success to significant efficiency improvements. We’ve got 2,000 competitive well locations, as Ryan mentioned, around that $40 per barrel cost of supply.

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Rextag

JANUARY 6, 2025

As we step into 2025, reflecting on the turbulent, transformative energy landscape of 2024 is essential. While clean technologies achieved record growth, the enduring dominance of oil, gas, and LNG underscored the complexities of balancing energy security, economic stability, and climate ambitions. billion by 2025. Record U.S.

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Oilholics Synonymous Report

JANUARY 20, 2025

Drill the Americans will, and already are, pumping north of 13 million barrels per day of crude oil. Here's The Oilholic's Forbes piece on the day's 'crude' developments and how the President wants to tap into America's "liquid gold" to usher in a "a new golden era" for the country. That's all for the moment folks.

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Crude Oil Futures

MARCH 8, 2025

Despite President Trump's vocal "Drill, baby, drill" mantra, his push to boost crude oil supply has yet to fully take shape. Undeterred, he continues to press forward, shifting his focus toward pressuring oil producersparticularly in the Middle Eastto ramp up output until U.S. per barrel, respectively. and $70.36

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Daily Energy Report

FEBRUARY 27, 2025

Chevron’s 200 kb/d—20% of Venezuela’s output—supports its economy, and revocation could cut 100,000 barrels, raising US fuel costs despite Trump’s drilling push. Trump says Maduro is not making progress on electoral reforms and migrant returns. Venezuela warns the move may spike inflation and migration.

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Oilholics Synonymous Report

MARCH 5, 2025

Global crude oil markets have taken a bit of a double whammy. As global stock markets plunged, commodity prices took a knock, oil benchmarks slumped as well and then some more. million barrels per day (bpd) voluntary production cut from April. per barrel, while the WTI was down 2.96% or $2.04 per barrel.

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Oil & Gas 360º

MARCH 11, 2025

(BOE Report) –CALGARY The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil. This report by The Canadian Press was first published March 11, 2025.

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Oil & Gas 360º

MARCH 10, 2025

Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S. His rapid pivot on foreign policy with Russia could upend global oil flows and reduce the European market for U.S. oil and gas, if the U.S. a barrel this year and just $66.46

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Crude Oil Futures

FEBRUARY 19, 2025

Source: US-BLS On Wednesday, February 18, 2025, crude oil and liquefied natural gas (LNG) prices rose slightly amid political tensions in Europe. per barrel, Brent hit $76.94, and LNG surpassed $4 per million British thermal units (MMBtu)a threshold not crossed in months, despite the Northern Hemisphere emerging from winter.

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