Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?
Rextag
FEBRUARY 24, 2025
The first projects are expected to be operational by 2028. Gulf Coast refineries. upstream oil and gas sector totaled $105 billion in 2024, making it the third-highest annual total in history. Projected Timeline: Initial plants are expected to be operational by 2028. MMBbl/d (+1.8 MMBbl/d from 2024). LNG exports to China.
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