Permian Basin Oil and Gas Magazine
MARCH 4, 2025
million barrels (80,200 barrels per day) up 23 percent from 2023. Estimated net proved reserves at yearend 2024 were 673 million barrels of oil equivalent, including 51 percent in south Texas, 34 percent in Midland Basin and 15 percent in Uinta Basin. Production in 4Q in Midland Basin was 4,957,000 barrels of oil (53,900 b/d).
Permian Basin Oil and Gas Magazine
MARCH 11, 2025
BANGL transports up to 250,000 barrels per day of natural gas liquids from Permian Basin in west Texas to fractionation markets on the Gulf Coast. The post MPLX to acquire remaining interests in BANGL pipeline from Permian to Gulf appeared first on Permian Basin Oil and Gas Magazine. Maryann Mannen, president and CEO, said Feb.
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Permian Basin Oil and Gas Magazine
MARCH 4, 2025
Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day. The post Civitas expands Permian position with new assets in Howard, Glasscock, Upton appeared first on Permian Basin Oil and Gas Magazine. Chris Doyle, president and CEO, said Feb. Forty percent of Permian activity is planned in Delaware Basin.
Permian Basin Oil and Gas Magazine
MARCH 7, 2025
Fourth quarter production was 171,300 barrels of oil per day (368,400 boed). The post Permian Resources plans to increase production in 2025 by 8 percent appeared first on Permian Basin Oil and Gas Magazine. The company also announced the divestiture of its Barilla Draw natural gas and oil gathering systems for $180 million.
Permian Basin Oil and Gas Magazine
MARCH 4, 2025
Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. appeared first on Permian Basin Oil and Gas Magazine.
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