Valor

FEBRUARY 24, 2025

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels per day (bpd) in 2024 to 13.6 The terminal will load up to 1 million barrels per day onto the worlds largest tankers, boosting U.S. million barrels Summary : U.S. million barrels to 432.5

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Rextag

DECEMBER 18, 2024

In the first part of this series, we explored the massive pipeline projects that crisscrossed the U.S., billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. Led the development of the Chad-Cameroon Pipeline and spearheaded deepwater drilling projects in the Gulf of Mexico. Now, heres Part 2.

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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. The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. The Permian Basin continues to be a driving force behind U.S.

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Iraq Business News: Oil & Gas

FEBRUARY 6, 2025

According to a company statement this morning: " Net production climbed 50 percent year-on-year to 77,300 barrels of oil equivalent per day (boepd), to which Kurdistan contributed 59,000 boepd, North Sea 15,200 boepd and West Africa 3,100 boepd. "At Sales continue via Fish Khabur amid ongoing Iraq-Trkiye pipeline closure.

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Energy Transfer

FEBRUARY 12, 2025

This was primarily due to higher throughput and higher rates across our Gulf Coast and Mariner East pipeline operations and we also had strong NGL exports and increased profits from the optimization of hedged NGL inventory. The increase was primarily due to increased gains related to pipeline and storage optimization opportunities.

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Rextag

JANUARY 21, 2025

In contrast, the Appalachian Basin faces ongoing challenges due to pipeline constraints despite its strong economics. OPEC+ has kept 3 million barrels per day off the market, stabilizing prices and reinforcing its role as a key market regulator. Currently, at $2.75/MMBtu, MMBtu, they are projected to rise to $3.75/MMBtu,

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The Energy Law Blog

MARCH 15, 2023

Specifically, the lessors discovered that the lessees sold oil under contracts that calculated the sales price by taking an index price at market centers downstream from the point of sale and subtracting eighteen dollars per barrel for the purchaser’s anticipated post-sales costs. Sheppard , — S.W.3d 20-0904, 2023 WL 2438927 (Tex.

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Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. The government is preparing for the resumption of Kurdistan oil exports via the Iraq-Turkey pipeline.

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Rextag

DECEMBER 23, 2024

This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). Chevrons Purchase of Hess Corporation Value: $60 billion Date: September 30, 2024 Chevrons acquisition added Hesss assets in Guyanas Stabroek Block, a hotbed of oil discoveries with reserves exceeding 11 billion barrels.

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Drillers

MARCH 24, 2020

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria.

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Oil Gas Leads

MARCH 10, 2025

million barrels per day (bpd) in 2024 to around 13.6 March 10, 2025 The U.S. oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline , bringing the total national rig count to 592. Oklahomas drilling activity was unchanged at 49 rigs , reflecting stable operations in the region.

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Coolfire Core

OCTOBER 15, 2019

While the price-per-barrel of oil has recovered since the staggering lows of 2016, its down again from earlier 2019 highs, and may not reach $100/barrel any time soon. While the price-per-barrel of oil has recovered since the staggering lows of 2016, its down again from earlier 2019 highs, and may not reach $100/barrel any time soon.

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The Energy Law Blog

JULY 21, 2016

The value of the oil is the higher of: (1) The gross receipts received from the first purchaser, less charges for trucking, barging and pipeline fees, or (2) the posted field price. The audit letter from the Department indicates that the value of the oil for severance tax purposes was actually $65 per barrel, and not the $62 negotiated price.

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Rextag

OCTOBER 31, 2024

Despite this trick rather than treat, ExxonMobil boosted production by 80,000 oil-equivalent barrels daily, driven by growth in the Permian Basin and Guyana. Adjusted profits rose by 15.6%, thanks to increased natural gas liquid volumes flowing through its extensive pipeline network. billion, its lowest in nearly four years.

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The Energy Law Blog

SEPTEMBER 23, 2008

Further, this section directs FERC with the Secretaries of Energy, Transportation and Interior to “facilitate the.the construction of pipelines necessary to transport oil and natural gas through NPRA to existing transportation of processing infrastructure on the North Slope of Alaska.”

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The Energy Law Blog

JANUARY 10, 2020

255 suffered an explosion and fire while transporting roughly 2,000 barrels of oil off Port Aransas, Texas. On October 20, 2017, Bouchard Transportation’s ATB BUSTER BOUCHARD/B. Two crewmembers perished as a result of the casualty.

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OilPro

AUGUST 6, 2024

In the context of oil and gas pipelines, a “slug” is a large quantity of liquid that builds up in low areas and which can rapidly flow through the pipeline once a volume of gas is alowed to build up pressure behind the liquid slug. 200 barrel housed Innopipe installation. How does a slug catcher work?

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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. Marcus Hook Terminal Expansion Adding a 900,000-barrel refrigerated ethane storage tank.

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Oil Gas Leads

MARCH 8, 2025

During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand. This move is a response to surging NGL production in the Permian.

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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. 2024 is almost in the books! As we wind down the remaining days until the New Year, lets take a look back at some of the highlights of 2024.

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Oil Gas Leads

MARCH 13, 2025

In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. We have a fabulous position here in the Gulf of America, Auchincloss stated, referring to the companys 10 billion barrels of oil and gas resources in place within the Paleogene play. BP is doubling down on its U.S. million and 2.5 million boepd by 2030.

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Rextag

FEBRUARY 24, 2025

However, in late 2024, the Matterhorn Express pipeline came online, adding 2.5 This pipeline has significantly reduced flaring, stabilized natural gas prices at the Waha hub, and enabled higher oil production by ensuring gas associated with oil drilling can be transported efficiently. 2023 Production: ~6.0 2024 Production: 6.3

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Oil & Gas 360º

MARCH 10, 2025

Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Leading Low Decline Light Oil Position in Saskatchewan : The combined company becomes the second largest producer in Saskatchewan with consolidated assets in west and southeast Saskatchewan.

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Adrian - Oil & Gas

DECEMBER 29, 2022

(Note: TC Energys (formerly TransCanada) Keystone pipeline is not to be confused with the companys proposed Keystone XL pipeline a separate pipeline project that was defeated and cancelled two separate times under Pres. 20: February 6, 2019: Keystone pipeline spills 1,800 gallons in St. Obama and Pres. 30 spill. #21:

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Enverus

MARCH 7, 2025

Al Salazar identifies several factors contributing to this trend: Oil consumption: Oil demand reached an all-time high in 2024, growing by 1 million barrels per day from 2023. For context, global oil consumption averaged about 103 million barrels per day last year. Instead, oil and gas investment has been rewarded by shareholders.”

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Oil & Gas 360º

MARCH 12, 2025

Canada ships about 4 million barrels of crude to the U.S. per day via pipeline, mainly to Midwest refineries. The runup to the tariff deadline came with some drama on Tuesday as Trump threatened Canada with doubling the duty to 50% on its steel and aluminum exports to the U.S. tariffs were removed. tariffs persist.

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Valor

MARCH 3, 2025

per barrel and WTI up 25 cents to $70.01, after posting their first monthly decline since November. per barrel in 2025, with potential impacts from U.S. per barrel, down 3.8% per barrel, with the more-active May contract declining to $72.81. Stay tuned for weekly updates to keep you well-informed.

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The Energy Law Blog

OCTOBER 26, 2020

million barrels of oil and gas per day. But the oil and gas industry stands to be impacted regardless of the election outcome in November, and those impacts will have wide-reaching effects on the U.S. economy, its energy independence, and its diplomatic relations. away from its reliance on fossil fuels. away from its reliance on fossil fuels.

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The Energy Law Blog

OCTOBER 26, 2020

million barrels of oil and gas per day. But the oil and gas industry stands to be impacted regardless of the election outcome in November, and those impacts will have wide-reaching effects on the U.S. economy, its energy independence, and its diplomatic relations. away from its reliance on fossil fuels. away from its reliance on fossil fuels.

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The Energy Law Blog

OCTOBER 26, 2020

million barrels of oil and gas per day. But the oil and gas industry stands to be impacted regardless of the election outcome in November, and those impacts will have wide-reaching effects on the U.S. economy, its energy independence, and its diplomatic relations. away from its reliance on fossil fuels. away from its reliance on fossil fuels.

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