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Permian Basin Economic and Energy Update: Q4 2024

Oil Gas Leads

A combination of rising energy prices, stable production, and economic expansion has positioned the region as a key driver of the U.S. Energy Market Trends: Prices on the Rise Crude oil and natural gas prices saw notable increases in Q4. per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6%

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Why U.S. Oil Production Is Up 6.5% in 2024

Energy Central

Energy Information Administration, year-to-date daily average oil production is 13.2 million barrels per day. oil output remains a key driver of the global energy market. According to the latest Weekly Petroleum Status Report from the U.S. higher than last year’s record production of 12.5 million BPD.

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Why Oil Prices Have Dropped

Energy Central

a barrel to below $75.00 The most recent driver is the negative sentiment pervading the stock market, which has extended its. Over the past month, the price of West Texas Intermediate (WTI) has fallen from about $85.00 Concerns about weaker demand from China have negatively impacted oil prices for a while, and now fears of a U.S.

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IBBC Conference: Iraq Prioritises Gas Investment to Boost Growth

Iraq Business News: Oil & Gas

Iraq's Minister of Oil, Hayan Abdul Ghani, highlighted the government's commitment to gas investment as a key driver for economic and industrial development at the Iraq Britain Business Council (IBBC) Baghdad Conference on Monday. On renewable energy, Iraq has secured commitments for 8,000 MW of solar power at oil field sites.

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ExxonMobil’s Permian Basin Strategy: How Technology is Driving Efficiency and Growth

Oil Gas Leads

million barrels per day (bpd) accounting for over 16% of the basins total production. Unlocking the Permians Untapped Potential The Permian Basin remains a critical driver of U.S. energy production, contributing 6.26.3 shale industry but also setting the stage for the next era of energy production.

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ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

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. As ONEOK continues to integrate its recent acquisitions and optimize operations, the Permian Basin remains a core driver of its success.

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Energy Transfer: Capitalizing on Permian Growth and Expanding Global Energy Exports

Oil Gas Leads

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. Heres a breakdown of how Energy Transfer is positioning itself for sustained growth and profitability in the evolving energy market.

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