Permian Basin Oil and Gas Magazine

MARCH 7, 2025

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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Oil & Gas 360º

MARCH 10, 2025

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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Rigzone: News

JANUARY 23, 2025

CNOOC set a target of raising its net production to over two million barrels of oil equivalent a day in 2025 while keeping capital expenditure at last year's level.

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Rextag

JANUARY 21, 2025

The oil and gas industry navigates a transformative 2025 period shaped by strategic consolidations, maturing resource plays, and shifting market fundamentals. Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

24, Our 2025 outlook is designed to maximize free cash flow, capitalizing on the sustainable efficiencies we have delivered in our first full year of operating in Permian Basin and our strong track record of execution in DJ Basin. Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day.

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Oilholics Synonymous Report

JANUARY 29, 2025

While The Oilholic can personally testify that Metafuels' offer is what it says on the tin, or shall we say an eagerly-awaited barrel of Aerobrew - the start-up is neither short of belief nor backers. To email: journalist_gsharma@yahoo.co.uk Gaurav Sharma 2025. This is massive if achieved on a commercial scale.

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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. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

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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 10, 2025

March 10, 2025 The U.S. Production and Market Outlook for 2025 Despite the overall rig count decline, production forecasts remain bullish : The EIA projects that U.S. million barrels per day (bpd) in 2024 to around 13.6 million bpd in 2025. billion cubic feet per day (bcfd) in 2025 , up from 103.1 bcfd in 2024.

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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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Oil Gas Leads

MARCH 4, 2025

per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6% million barrels per day (bpd) , reflecting a 1.3% Rising oil and gas prices, increased production efficiency, and a strong labor market have positioned the region for continued success in 2025. increase compared to the third quarter.

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Rextag

DECEMBER 23, 2024

This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). Chevrons Purchase of Hess Corporation Value: $60 billion Date: September 30, 2024 Chevrons acquisition added Hesss assets in Guyanas Stabroek Block, a hotbed of oil discoveries with reserves exceeding 11 billion barrels.

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Rextag

DECEMBER 18, 2024

billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. million barrels of oil equivalent per day (boe/d) globally. million barrels of oil equivalent by 2005. Permian Basin Pioneer: Projects here used CO injection to produce an extra 1 million barrels annually by 2005. shale revolution.

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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. million-barrel increase. million bpd.

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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. The Permian Basin continues to be a driving force behind U.S.

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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. By John Lee. Key Developments: Iraq will continue efforts to compensate for past overproduction.

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Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

The initial phase includes oil and gas production exceeding three billion barrels of oil equivalent, while the wider resource opportunity across the contract area is believed to include up to 20 billion barrels of oil equivalent. The project is expected to commence in 2025 and meets BP's investment returns criteria.

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Rextag

FEBRUARY 13, 2025

However, it also teased a potential shift in 2025 targets. New CEO, New Beginning: Is Auchincloss Bold Enough to Take BP to the Top? BP has unveiled plans for what its Chief Executive, Murray Auchincloss, calls a fundamental reset of the companys strategy. Elliott Managements rumored stake in the company has fueled speculation.

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Energy Transfer

FEBRUARY 12, 2025

Also in December 2024, we completed the initial phase of the Sabina 2 pipeline conversion from Mont Belvieu to Nederland, which increased the capacity for multiple products from 25,000 barrels per day to 40,000 barrels per day. Tom Long, co-CEO, Energy Transfer We’re learning a lot about data centers.

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Rextag

OCTOBER 31, 2024

Despite this trick rather than treat, ExxonMobil boosted production by 80,000 oil-equivalent barrels daily, driven by growth in the Permian Basin and Guyana. Analysts noted that BP may revise its guidance in February, suggesting 2025 might bring changes to its payout ratio. billion, its lowest in nearly four years.

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Rextag

FEBRUARY 24, 2025

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 We analyze major U.S. 2023 Production: ~6.0 MMBbl/d , a 0.3

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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. Detailed 2025 guidance will be provided on close of the transaction.

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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. Long, Co-CEO 2. McCrea, Co-CEO 3.

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Oil Gas Leads

MARCH 13, 2025

The recent filings indicate that Scout Energy Management has assumed control of several facilities, including: LARIMER BATTERY ROASTED GOAT STATE UNIT BATTERY BIG CHIEF 46, 73, and 76 BATTERIES These assets were previously operated by ConocoPhillips, and the air permit changes were officially completed in March 2025.

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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. power demand.

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Valor

MARCH 10, 2025

March 10, 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 and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. per barrel (up 1.22%) and Brent at $70.41 per barrel (up 1.37%).

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Energy Transfer

DECEMBER 23, 2024

The joint venture operates more than 5,000 miles of crude oil and water gathering pipelines with crude oil storage capacity in excess of 11 million barrels. 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. JANUARY Sunoco LP Acquired NuStar Energy L.P.

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Rextag

JANUARY 6, 2025

As we step into 2025, reflecting on the turbulent, transformative energy landscape of 2024 is essential. shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. Record U.S. Shale Output: U.S. LNG Export Dominance: U.S.

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Oil & Gas 360º

MARCH 13, 2025

a barrel at 10:25 a.m. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29a barrel. million barrels, more than the 1.9 million-barrel draw expected by analysts, while distillate stocks also dropped more than anticipated, despite gains in crude stocks. [EIA/S] million barrels per day, expanding 1.7

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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. This will likely keep the Brent front-month futures contract around $80 per barrel. To email: journalist_gsharma@yahoo.co.uk Gaurav Sharma 2025. That's all for the moment folks. Keep reading, keep it here, keep it 'crude'!

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Valor

FEBRUARY 11, 2025

February 11, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. The improved earnings were primarily due to increased oil equivalent production volumes, which averaged 2,183 thousand barrels of oil equivalent per day, up from 1,902 MBoe/d in the prior year.

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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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Oil & Gas 360º

MARCH 12, 2025

On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. Energy Information Administration (EIA) on Monday lifted its 2025 forecast for domestic oil production to 13.61 million barrels per day, up 200,000 bpd from last months forecast. million bpd.

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Crude Oil Futures

MARCH 8, 2025

Starting in April, the cartel will boost output by 138,000 barrels per day (bpd)the first such increase since 2022. This decision comes as oil prices showed signs of stabilization late in the week of March 07, 2025, after a significant decline. per barrel, respectively. per barrel, respectively. Yielding to U.S.

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Oilholics Synonymous Report

JANUARY 13, 2025

Oil trading began on a much firmer footing this month, with Brent capping the $80 per barrel mark for the first time in three months on January 10. Many are also factoring in higher US production levels in 2025. To email: journalist_gsharma@yahoo.co.uk Gaurav Sharma 2025. Happy New Year dear readers. Full interview clip here ).

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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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