Barrel Drivers IT 
Energy Central
AUGUST 12, 2024
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.
Oil Gas Leads
MARCH 14, 2025
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. Following its 2024 acquisition of Pioneer Resources , ExxonMobil has solidified its position as the largest producer in the Permian Basin , with 1.3
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Oil Gas Leads
MARCH 4, 2025
A combination of rising energy prices, stable production, and economic expansion has positioned the region as a key driver of the U.S. per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6% million barrels per day (bpd) , reflecting a 1.3% oil and gas sector. increase compared to the third quarter.
Oil Gas Leads
MARCH 8, 2025
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. oil and gas production, and ONEOK Inc.
Oil Gas Leads
MARCH 11, 2025
Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S. Marcus Hook Terminal Expansion Adding a 900,000-barrel refrigerated ethane storage tank. oil and gas production , with Energy Transfer reporting a 9% increase in legacy Permian throughput in 2024.
Rextag
FEBRUARY 24, 2025
Exxon, Chevron, and Shell Are Betting on Carbon CaptureIs It the Future? oil and gas industry is experiencing one of its most transformative periods. Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. 2023 Production: ~6.0 2024 Production: 6.3
Oil Gas Leads
MARCH 8, 2025
The EPIC acquisition will allow them to shift these barrels onto their own network , capturing better margins and improving logistics efficiency. With a clear focus on expanding their wellhead-to-market strategy , Phillips 66 is optimizing its Permian assets to increase efficiency, reduce costs, and enhance shareholder value.
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