Remove 2025 Remove Basin Remove Completion
article thumbnail

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

Oil & Gas 360ยบ

In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. In partnership with TotalEnergies and CNOOC, the company will start production at the Kingfisher and Tilenga oilfields in 2025.

E&P 130
article thumbnail

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.

Basin 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Basin 52
article thumbnail

Targa Resources reports record production in 2024 and 4Q

Permian Basin Oil and Gas Magazine

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

Basin 52
article thumbnail

Oil and Gas 2025: How Will Companies Navigate a Year of Transformationโ€”and Why It Affects Everyone?

Rextag

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.

Oil 40
article thumbnail

U.S. Rig Count Dips Slightly After Five-Week Streak โ€“ Baker Hughes

Oil Gas Leads

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.

Oil 52
article thumbnail

FROM KATY TO THE COAST: WILL KINDER MORGANโ€™S $1.7B TRIDENT PIPELINE MAKE NATURAL GAS MORE RELIABLE?

Rextag

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.