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. million barrels of oil equivalent by 2005. Permian Basin Pioneer: Projects here used CO injection to produce an extra 1 million barrels annually by 2005. shale revolution.

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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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Oil Basin Gas Exploration and Production 52

Oil Gas Leads

MARCH 10, 2025

West Virginia remains a highlight , now operating 11 rigs , having sustained its rig addition from three weeks ago. million barrels per day (bpd) in 2024 to around 13.6 The Marcellus held steady at 24 rigs across Pennsylvania, West Virginia, and Ohio, while the Utica remained at 11 rigs. crude oil production will rise from a record 13.2

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Rextag

JANUARY 21, 2025

OPEC+ has kept 3 million barrels per day off the market, stabilizing prices and reinforcing its role as a key market regulator. Forecast: Energy security will outweigh geopolitical concerns, ensuring sustained demand for U.S. Demand Recovery: Economic growth in markets like China will play a pivotal role in sustaining global demand.

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Rextag

FEBRUARY 13, 2025

Comparison with European Peers Rivals such as Shell and TotalEnergies have sustained or expanded their buyback programs, buoyed by stable cash-flow generation even amid fluctuating oil prices. Signed an MOU with the Iraqi government, exploring redevelopment in the Kirkuk oilfields, estimated at around 9 billion barrels of recoverable oil.

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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. With CEO Wael Sawans focus on disciplined spending and sustainable returns, Shell has built a buffer against market volatility and is well-positioned to handle future frights.

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Rextag

FEBRUARY 17, 2025

If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. The world has never achieved sustained energy infrastructure investment at the level the IEA assumes. Sustainable Aviation Fuels (SAFs) remain costly and unscalable.

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Oil & Gas 360º

MARCH 10, 2025

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders.

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Oil Gas Leads

MARCH 11, 2025

Heres a breakdown of how Energy Transfer is positioning itself for sustained growth and profitability in the evolving energy market. 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.

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Energy Energy Basin Midstream 52

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.

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Oil Gas Leads

MARCH 13, 2025

The company has built a reputation for acquiring mature, cash-flowing assets and optimizing their operations for long-term sustainability. The assets span approximately 55,000 net acres in the Delaware portion of the Permian Basin, with production estimated at 17,000 barrels of oil equivalent per day (boe/d) by the end of 2025.

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Rextag

JANUARY 6, 2025

ENERGY SECURITY: THE CORNERSTONE OF GLOBAL STABILITY Fact: Global primary energy demand surged to 301 million barrels of oil equivalent per day (mboe/d) in 2023, and projections indicate it will rise to 374 mboe/d by 2050, marking a 24% increase over three decades. Record U.S. Shale Output: U.S. LNG Export Dominance: U.S.

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Offshore Oil Exploration and Production Energy 40

Crude Oil Futures

FEBRUARY 26, 2025

per barrel, and Brent crude at $72.81. However, a significant drop in oil prices below $60 per barrel would pose substantial revenue challenges for oil-producing nations, reminiscent of the 2012 downturn. This suggests fuel prices will remain at levels conducive to sustained global economic growth.

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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.

Energy 130

Energy Energy Oil Natural Gas 130

Valor

FEBRUARY 11, 2025

Read more Europes oil demand may rise as gas hits $100 per barrel Summary : Europe’s oil demand may increase as natural gas prices surge to an oil-equivalent of $100 per barrel, making oil a more cost-effective alternative. The spike in gas prices is driven by supply constraints and higher demand, especially in winter.

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