Permian Basin Oil and Gas Magazine

MARCH 4, 2025

SM Energy of Denver recently reported record oil production for 2024 and also a company record for yearend estimated net proved reserves. Oil production last year was 29.4 million barrels (80,200 barrels per day) up 23 percent from 2023. Production in 4Q in Midland Basin was 4,957,000 barrels of oil (53,900 b/d).

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Oilholics Synonymous Report

FEBRUARY 14, 2025

In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. Shale has already greatly changed the rules of international oil and gas trade and geopolitics, with the US making a significant shift from conventional to non-conventional oil and gas fields.

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Oil Gas Leads

MARCH 4, 2025

oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. 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 , marking a 5.2%

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Rextag

DECEMBER 18, 2024

As we wrap up the year in December, were taking a moment to reflect on the early 2000s, when the oil and gas industry was booming with bold ideas and big changes. billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. million barrels of oil equivalent per day (boe/d) globally.

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Egypt Oil & Gas

MARCH 11, 2025

The Minister of Energy of Indonesia Bahlil Lahadalia announced that the country is to build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels per day (mmbbl/d) increasing from 500,000 b/d, Reuters reported.

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Drillers

MARCH 24, 2020

The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.

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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. Closing is expected in July.

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Permian Basin Oil and Gas Magazine

MARCH 7, 2025

Fourth quarter production was 171,300 barrels of oil per day (368,400 boed). The company also announced the divestiture of its Barilla Draw natural gas and oil gathering systems for $180 million. Fullyear 2024 production was 159,200 b/d of oil and 343,500 boed both significant increases over 2023.

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Oil Gas Leads

MARCH 8, 2025

oil and gas production, and ONEOK Inc. Natural Gas & NGL Infrastructure Expansion ONEOK is expanding its natural gas and NGL (natural gas liquids) infrastructure in the Permian to capture growing production volumes. Total Permian gas processing volumes are projected to reach ~1.6

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Oil Gas Leads

MARCH 10, 2025

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. While the decrease was minimal, it reflects broader industry trends influenced by oil and gas prices, production strategies, and market conditions. bcfd in 2024.

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Oil Gas Leads

MARCH 11, 2025

oil and gas production. With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. Jim Teague, Co-CEO: “Rich natural gas production, just sticking to the Permian, continues to exceed our expectations.

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Rextag

MARCH 3, 2025

Can BP maintain its vision of a low-carbon future while doubling down on oil and gas? BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. The company aims to boost daily oil and gas production to between 2.3

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Rextag

NOVEMBER 6, 2024

Oil companies across the Gulf of Mexico are springing into action as Tropical Storm Rafael bears down, marking yet another disruption in a storm-laden season. million barrels of oil and 6.39 billion cubic feet of natural gas production per day, according to Earth Science Associates.

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Rextag

JANUARY 21, 2025

The oil and gas industry navigates a transformative 2025 period shaped by strategic consolidations, maturing resource plays, and shifting market fundamentals. Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025.

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Rextag

JANUARY 9, 2025

Shell has issued a stark warning about a significant drop in earnings from its integrated gas division and reduced production guidance across its oil and gas segments. The company disclosed on Wednesday that fourth-quarter earnings from its integrated gas division are expected to decline sharply compared to the previous quarter.

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Energy Transfer

FEBRUARY 12, 2025

We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). Interstate Natural Gas. Intrastate Natural Gas.

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Rextag

FEBRUARY 13, 2025

This comes amid reports that activist hedge fund Elliott Management has taken a stake in the British oil major, potentially pressuring the board and executives for higher shareholder returns. He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. billion Analyst Consensus : $1.26

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Rextag

FEBRUARY 17, 2025

The debate over the future of oil has never been more heated. Mills, Executive Director of the National Center for Energy Analytics, and Neil Atkinson, Special Advisor , the IEAs peak oil demand forecast is deeply flawed. According to Mark P. What This Means: The IEA wrongly assumes economies will decouple from fossil fuels.

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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 Mavericks operations currently yield an average of 77,000 barrels of oil equivalent per day.

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Crude Oil Futures

DECEMBER 2, 2024

The OPEC+ is supposed to outline their next move with regard to easing of the production cuts; OPEC+, a few months ago, said it would take place in December, having postponed in light of falling oil prices, on two occasions. As for Saudi Arabia, the current break-even price is higher than the oil price of crude at present.

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The Energy Law

SEPTEMBER 13, 2007

The Energy Information Agency reported as follows in its September 13, 2007, report: Since Wednesday, September 5, natural gas spot prices increased as tropical storms threatened to disrupt supplies and pipeline explosions in Mexico stirred concerns of supply security. Natural Gas in Storage 3,069 Bcf UP 64 Bcf 9.3%

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The Energy Law

SEPTEMBER 6, 2007

Since Wednesday, August 29, natural gas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region). Crude oil was up over $2 per barrel. Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu MMBtu UP $0.17

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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. Despite a dip in realized oil prices and a 13.5% billion, its lowest in nearly four years.

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The Energy Law

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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OilPrice

MARCH 7, 2025

Chinas crude oil imports over the first two months of the year fell 5% on 2024 as the parting round of sanctions that the Biden administration imposed on Russian energy affected international flows. million barrels. million barrels. million barrels. A year ago, the average daily was 10.74

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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. million and 2.5

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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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Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. oil & gas basins , the leading companies , and market trends using the latest data and forecasts. 2025 Forecast Projected Crude Oil Output: 6.6 Exxon, Chevron, and Shell Are Betting on Carbon CaptureIs It the Future? MMBbl/d , a 0.3

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Oil Gas Leads

MARCH 11, 2025

oil and gas production , with Energy Transfer reporting a 9% increase in legacy Permian throughput in 2024. Expansion of crude oil gathering systems and joint ventures to support increased production. Marcus Hook Terminal Expansion Adding a 900,000-barrel refrigerated ethane storage tank. Phase 1 (1.5

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Oil Gas Leads

MARCH 7, 2025

The company reported 833,000 barrels of oil equivalent per day (boe/d) in the Permian for Q4 2024, attributing its success to significant efficiency improvements. We’ve got 2,000 competitive well locations, as Ryan mentioned, around that $40 per barrel cost of supply. tariffs on Canadian oil imports.

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Energy Transfer

DECEMBER 23, 2024

anindependent liquids terminal and pipeline operator with approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. In a deal valued at $7.3

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Valor

MARCH 10, 2025

March 10, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oil prices dip as tariff uncertainty keeps investors on edge Summary : Oil prices declined on Monday, with Brent crude falling 44 cents to $69.92 per barrel (up 1.22%) and Brent at $70.41

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Crude Oil Futures

FEBRUARY 26, 2025

Crude oil prices experienced a notable decline on Wednesday, reversing gains from recent days driven by supply concerns. These concerns stem largely from ongoing US efforts to restrict Iranian oil exports, particularly to China. Furthermore, the US is working to streamline domestic oil production by removing regulatory obstacles.

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Crude Oil Futures

MARCH 8, 2025

Despite President Trump's vocal "Drill, baby, drill" mantra, his push to boost crude oil supply has yet to fully take shape. Undeterred, he continues to press forward, shifting his focus toward pressuring oil producersparticularly in the Middle Eastto ramp up output until U.S. per barrel, respectively. Yielding to U.S.

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Oil & Gas 360º

MARCH 12, 2025

oil and gas industry, which has focused on returning capital to shareholders and reined in exploration and investment, has broadly welcomed Trump’s pro-energy stance, even though lower prices typically hurt company bottom lines. Oil prices hit a three-year low in early March. Oil prices hit a three-year low in early March.

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Enverus

MARCH 7, 2025

A Changing Landscape in Energy Transition A tangible sign of this shift is BPs recent decision to refocus on oil production and back away from renewables. BP is not alone in this pivot; Exxon and Shell have also restructured their strategies to prioritize traditional oil and gas over renewable ventures.

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Valor

FEBRUARY 11, 2025

February 11, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oil nears 3-day winning streak as traders assess tariffs and sanctions Summary : Oil prices are on track for a third consecutive daily gain, with U.S. the previous year. Read more U.S.

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