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Permian Basin Economic and Energy Update: Q4 2024

Oil Gas Leads

A combination of rising energy prices, stable production, and economic expansion has positioned the region as a key driver of the U.S. per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6% million barrels per day (bpd) , reflecting a 1.3% oil and gas sector. increase compared to the third quarter.

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ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

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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Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? In 2024, Ecopetrol invested $880 million into drilling new wells, with 91 wells planned for completion in 2025. 2025 Forecast Projected Crude Oil Output: 6.6 What are the key companies doing to stay competitive?

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Energy Transfer: Capitalizing on Permian Growth and Expanding Global Energy Exports

Oil Gas Leads

Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S. 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).

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Phillips 66 Doubles Down on Permian Basin Growth with EPIC Acquisition and New Processing Expansions

Oil Gas Leads

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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Energy executives bask in Trump sun but ignore cheap energy pitfall

Oil & Gas 360º

million barrels per day (bpd) in 2025 and climb further to 13.76 producer OXY Energy Services warned that oil prices below $60 a barrel would likely force small drillers to reduce activity. oil prices are currently around $68 a barrel. million bpd in 2026. But there is an obvious problem here. The CEO of U.S.

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