Permian Basin Oil and Gas Magazine

MARCH 11, 2025

Findlay, Ohio-based MPLX said recently it agreed to acquire the remaining 55 percent interest in BANGL pipeline system from affiliates of Midlands Diamondback Energy and WhiteWater for $715 million. The post MPLX to acquire remaining interests in BANGL pipeline from Permian to Gulf appeared first on Permian Basin Oil and Gas Magazine.

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Valor

FEBRUARY 24, 2025

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2

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Rextag

JANUARY 29, 2025

Maverick Natural Resources has operations in Texas and Oklahoma Diversified Energy (DEC) has agreed to acquire Maverick Natural Resources, a private-equity-backed oil and gas producer, in a deal valued at approximately $1.3 billion, factoring in Diversified Energys assumption of $700 million in Mavericks outstanding debt.

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Energy Transfer

FEBRUARY 12, 2025

On February 11, Energy Transfer reported its financial results for the fourth quarter and year ended 2024 with an earnings call hosted by co-CEOs Tom Long and Mackie McCrea. This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA compared to Q4 2023. billion compared to $3.6 Adjusted EBITDA was $1.1

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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. This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). shale, positioning it as a leader in energy transition discussions.

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Rextag

DECEMBER 18, 2024

the rise of unconventional resources like coal bed methane, and how the industry began reshaping Americas energy map. billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. This wasnt just about producing oil and cementing Americas path toward energy independence. Now, heres Part 2.

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Rextag

JANUARY 21, 2025

Dan Pickering, chief investment officer of Pickering Energy Partners, provides a nuanced look at the trends and challenges shaping the sector, supported by key numbers and forecasts. PERMIAN BASIN: OPTIMIZING RECOVERY IN A MATURE PLAY The Permian Basin , a cornerstone of U.S. LNG EXPORTS AND ENERGY SECURITY: U.S.

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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.

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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. Expansion of sour gas treating facilities in the Delaware Basin. As drilling intensifies in the Delaware Basin , the ability to handle high-sulfur gas efficiently will be a key differentiator in the midstream market. oil and gas production.

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Oil Gas Leads

MARCH 10, 2025

million barrels per day (bpd) in 2024 to around 13.6 Gas drilling activity could increase in response to a projected rise in gas prices, potentially benefiting gas-heavy basins like the Marcellus and Haynesville. crude oil production will rise from a record 13.2 million bpd in 2025. producers, especially in gas-focused regions.

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Rextag

OCTOBER 31, 2024

As the leaves fall and we settle into Halloweens cozy, pumpkin-spiced vibes, its not just the ghostly shadows creeping through the energy sector; major oil companies have reported mixed Q3 earnings, facing various challenges and surprises. Grab your pumpkin latte and settle in for a spooky yet festive wrap-up of the energy sector! ????

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Oil Gas Leads

MARCH 13, 2025

The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. domestic energy production.

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Rextag

JANUARY 16, 2025

Civitas Resources is reportedly considering the sale of its oil and gas assets in Colorados Denver-Julesburg (D-J) Basin and may reinvest the proceeds in acquiring additional assets in the Permian Basin, including the highly sought-after position held by Double Eagle IV, according to analysts and media reports.

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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 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. power demand. “As we announced today, we signed PSAs for about $600 million. .”

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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. energy production. The EPIC acquisition will allow them to shift these barrels onto their own network , capturing better margins and improving logistics efficiency. Were going to grow Midstream to create more value for our shareholders.

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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. The Permian Basin remains the top destination for U.S. What are the key companies doing to stay competitive? MMBbl/d.

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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. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

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Oil Gas Leads

MARCH 13, 2025

natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy. BP is doubling down on its U.S.

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Energy Transfer

DECEMBER 23, 2024

It was another exciting and successful year for Energy Transfer and Sunoco, with everything from impactful acquisitions and a major pipeline deal to sports sponsorships and record-breaking donations. JANUARY Sunoco LP Acquired NuStar Energy L.P. billion, Sunoco , which is part of the Energy Transfer family, acquired NuStar L.P.

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Valor

MARCH 10, 2025

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. Investors await monthly reports from the International Energy Agency and OPEC for demand and supply forecasts amid ongoing geopolitical tensions. per barrel (up 1.22%) and Brent at $70.41

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Valor

FEBRUARY 11, 2025

Read more Europes oil demand may rise as gas hits $100 per barrel Summary : Europe’s oil demand may increase as natural gas prices surge to an oil-equivalent of $100 per barrel, making oil a more cost-effective alternative. The Permian Basin saw the largest increase, adding four rigs, highlighting the resilience of U.S.

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Oil & Gas 360º

MARCH 13, 2025

But the industry appears to be ignoring a central Trump objective: cheap energy. Energy Secretary Chris Wright who vowed to bring back common sense by prioritising cheap energy shorthand for fossil fuels over supposedly inflationary climate-driven policies, dismissing the need to limit greenhouse gas emissions. The CEO of U.S.

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