Rigzone: News

FEBRUARY 26, 2025

Canacol said it plans to drill 11 exploration wells and three development wells in the Lower Magdalena Valley Basin this year.

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Rigzone: News

FEBRUARY 18, 2025

The transaction is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

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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Valor

FEBRUARY 24, 2025

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. million bpd in 2025, while gas production is expected to rise to 104.6 billion cubic feet per day (bcfd) in 2025. 24, 2025 appeared first on Oil and Gas Outsourcing and Mineral Management.

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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

The University of Texas Permian Basin’s annual Permian Basin Water in Energy Conference (PBWIEC) will convene March 46, 2025, offering opportunities for innovation, collaboration, and industry recognition. Conferees converse between sessions of the 2024 Permian Basin Water in Energy Conference.

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Permian Basin Oil and Gas Magazine

MARCH 7, 2025

20 it completed its new Greenwood II plant in Midland Basin (275 million cfd) and its new Train 10 fractionator in Mont Belvieu (120,000 b/d). Also Targa recently commenced operations of its Bull Moose plant (275 million cfd) and front-end treater (800 million cfd) in Delaware Basin. Targa said Feb. billion to $2.8

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Rextag

OCTOBER 29, 2024

The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Bcf/d of capacity, and East Daley predicts it will be full by mid-2025. Energy Information Administration (EIA).

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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

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.

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Oil Gas Leads

MARCH 11, 2025

The Permian Basin continues to solidify its role as the driving force behind U.S. 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.

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Rextag

DECEMBER 23, 2024

billion Date: October 11, 2024 ExxonMobil made waves by acquiring Pioneer Natural Resources, securing 850,000 net acres in the Permian Basin. Occidental Petroleums Acquisition of CrownRock Value: $12 billion Date: March 2024 Occidental acquired CrownRocks 70,000 acres in the Permian Basin, adding 50,000 boe/d to its production.

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Oil Gas Leads

MARCH 10, 2025

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. ” Phillips 66 (PSX) Permian Basin: The Growth Engine of Midstream Expansion The Permian Basin is at the center of the midstream revolution.

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Oil & Gas 360º

MARCH 10, 2025

and SAN FRANCISCO, March 10, 2025 (GLOBE NEWSWIRE) — Diversified Energy Co. & UK Financial Public Relations A photo accompanying this announcement is available at [link] Source: Diversified Energy PLC Released March 10, 2025 and DANBURY, Conn. PLC (NYSE: DEC, LSE: DEC) ( Diversified Energy ), FuelCell Energy, Inc.

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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 bpd in 2025. billion cubic feet per day (bcfd) in 2025 , up from 103.1 crude oil production will rise from a record 13.2 bcfd in 2024.

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Rextag

JANUARY 27, 2025

STRATEGIC INFRASTRUCTURE EXPANSION The Trident project is part of a larger wave of natural gas infrastructure development announced in 2024 and 2025: December 2024 : Energy Transfer (ET) reached a final investment decision (FID) on the Hugh Brinson Pipeline, a 2.2 Bcf/d capacity project connecting the Permian Basin to the Agua Dulce hub.

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Energy Transfer

FEBRUARY 12, 2025

The increase was primarily due to higher volumes in the Permian Basin, which was related to a 9% increase in legacy Permian throughput, as well as the addition of the Crestwood and WTG assets in November of 2023 and July of 2024, respectively. Adjusted EBITDA was $705 million compared to $674 million for the fourth quarter of 2023.

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Rextag

NOVEMBER 18, 2024

By 2025, that number is expected to climb to 13.53 million bpd in both 2024 and 2025, helping to offset cuts made by OPEC+. Much of this growth stems from higher output in the Permian Basin, where technological advancements and efficiency boost yields. Energy Information Administration (EIA), U.S. million bpd. million bpd.

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Rextag

DECEMBER 18, 2024

Permian Basin Pioneer: Projects here used CO injection to produce an extra 1 million barrels annually by 2005. As we move into 2025, we must ask: what lessons can we learn from this transformative era? With techniques like CO injection and steam flooding , EOR extended the life of aging fields by decades.

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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? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. oil & gas basins , the leading companies , and market trends using the latest data and forecasts. MMBbl/d.

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Oil Gas Leads

MARCH 3, 2025

As we enter 2025, Whitecap Resources Inc. 2025 Production & Financial Guidance Whitecaps 2025 guidance includes: Production: 176,000 180,000 boe/d (63% liquids) Capital Investment: $1.1 $1.2 Kaybob 15-07 Gas Processing Facility: Expected to reach full capacity in H2 2025 , improving cost efficiencies. billion ($2.81/share)

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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 share buyback.

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Oil Gas Leads

MARCH 7, 2025

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. 600 million in non-core asset sales , primarily in the Southern Delaware Basin.

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Oil Gas Leads

MARCH 8, 2025

Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. 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. energy production.

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Oil Gas Leads

MARCH 11, 2025

Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.

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Oil Gas Leads

MARCH 10, 2025

Significant Scale & Production : The combined company is projected to produce 370,000 boe/d (63% liquids), ranking as the seventh-largest producer in the Western Canadian Sedimentary Basin. Path to Completion The transaction is expected to close before May 30, 2025, pending shareholder and regulatory approvals.

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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 6, 2025

This blog provides insights into the latest well permits and drilling activity in Block B21, Crane County, TX , based on a dataset of 74 well permits issued in 2024 and 2025. The oil and gas industry thrives on data, and understanding well permit trends and drilling activity is crucial for business development and operational planning.

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Energy Transfer

DECEMBER 23, 2024

JULY Energy Transfer Completed its Acquisition of WTG Midstream Holdings Energy Transfers completion of its acquisition of WTG Midstream added approximately 6,000 miles of gas-gathering pipelines that extend Energy Transfers network in the Midland Basin. Here’s to a great year and continued success in 2025!

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Oil and Gas Investments

NOVEMBER 27, 2024

LOCATION-LOCATION-LOCATION The Autazes project is located along the Amazon Potash Basin, in NW Brazil, about 100 miles from the city of Manaus. The mine is expected to have a life of 23 years at this rate based on drilling only a VERY small portion of this potentially massive potash basin. Which is a BIG advantage!

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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. In the Permian Basin, rig count declined by 1 to 3049 fewer than last yearwhile Eagle Ford added 1 rig to reach 49, though thats still 3 less than the previous year. Read more U.S. per barrel (up 1.37%).

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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 Permian Basin saw the largest increase, adding four rigs, highlighting the resilience of U.S. 11, 2025 appeared first on Oil and Gas Outsourcing and Mineral Management. Read more U.S.

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Valor

FEBRUARY 3, 2025

February 3, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read more US drilling activity rises, led by Permian Basin surge Summary : The U.S. 3, 2025 appeared first on Oil and Gas Outsourcing and Mineral Management. oil regions.

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Valor

JANUARY 27, 2025

January 27, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. crude output is projected to increase in 2025, and a rise in natural gas prices is expected to boost drilling activity. 27, 2025 appeared first on Oil and Gas Outsourcing and Mineral Management.

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Valor

FEBRUARY 17, 2025

February 17, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Double Eagle controls over 95,000 net acres in the Midland Basin portion of the Permian Basin, making it one of the largest private equity holdings in the region. Despite the cuts, U.S.

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Aresco

NOVEMBER 7, 2024

Although Trump wont assume office until January 20, 2025, his return to the White House signals a significant shift in U.S. energy policy that promises substantial benefits for the industry. From Keystone XL to energy independence, Trumps policies are poised to unlock the potential of U.S.

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