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. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

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Rextag

DECEMBER 18, 2024

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. BP (British Petroleum) Central to the success of the BTC Pipeline, which diversified Europes oil supply routes. million barrels of oil equivalent by 2005. shale revolution.

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Rextag

NOVEMBER 25, 2024

crude oil inventories grew by 545,000 barrels last week to reach 430.3 million barrels , defying analyst forecasts of an 800,000-barrel decline. Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 million barrels to 389.2 million barrels. million barrels to 389.2

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Exprodat

JULY 25, 2024

Exprodat , the energy sector GIS specialist and Getech Group company, has released a new version of its popular Unconventionals Analyst software, which is used by petroleum operators and financial institutions to manage shale oil and gas projects and investments. At version 3.2,

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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

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. That was formed in 1977 under the name National Nigeria Petroleum Company. How did this happen? Nigeria joined OPEC in 1971 before it even had its own state oil company.

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Oil & Gas 360º

MARCH 10, 2025

Visible Long-Term Synergies: Visible operating, capital and corporate synergies which, in addition to supply chain efficiencies, can generate meaningful savings. 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

Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. Guyana Contribution: Exxon operates three major oil projects in Guyana, and by late 2024, their combined production will exceed 0.62

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Valor

MARCH 10, 2025

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. Meanwhile, US crude production averaged 13.508 million barrels per day for the week ending February 28, 2025, with WTI trading at $67.17 per barrel (up 1.22%) and Brent at $70.41 energy industry.

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Oil & Gas 360º

MARCH 12, 2025

On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. The UAE is a member of the Organization of the Petroleum Exporting Countries. Trump last month ended a license granted to Chevron since 2022 to operate in Venezuela and export oil. million bpd.

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Enverus

MARCH 7, 2025

British Petroleum Backs Away From Renewables The following blog is distilled from an interview on CBCs The Eyeopener, hosted by Loren McGinnis who interviewed Enverus Intelligence Researchs (EIR) very own Al Salazar. For context, global oil consumption averaged about 103 million barrels per day last year. and northwestern Alberta.

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The Energy Law

OCTOBER 26, 2020

became “energy independent” and a net exporter of petroleum products in 2019. million barrels of oil and gas per day. Due to the sharp increase in oil and gas production, the U.S. Given the current state of the U.S.

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The Energy Law

OCTOBER 26, 2020

became “energy independent” and a net exporter of petroleum products in 2019. million barrels of oil and gas per day. Due to the sharp increase in oil and gas production, the U.S. Given the current state of the U.S.

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The Energy Law

OCTOBER 26, 2020

became “energy independent” and a net exporter of petroleum products in 2019. million barrels of oil and gas per day. Due to the sharp increase in oil and gas production, the U.S. Given the current state of the U.S.

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