Permian Basin Oil and Gas Magazine

MARCH 7, 2025

20 it completed its new Greenwood II plant in Midland Basin (275 million cfd) and its new Train 10 fractionator in Mont Belvieu (120,000 b/d). Also Targa recently commenced operations of its Bull Moose plant (275 million cfd) and front-end treater (800 million cfd) in Delaware Basin. Targa said Feb. billion to $2.8

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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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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. March 10, 2025 The U.S.

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Texas Oil & Gas Attorney

AUGUST 29, 2023

COG Operating LLC , was faced with the issue of who owns the water produced by a hydraulic fracturing operation: the oil and gas company operating the well or the surface owner and the company the surface owner leased its water rights to? As the Court notes, the median water used per well in the Permian Basin is 42,500 cubic meters of water.

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Novi

JULY 19, 2024

This years Unconventional Resources Technology Conference (URTeC) was a whirlwind for the Novi team, filled with insightful talks, technical discussions, and exciting new developments in the oil and gas industry. The basin has ~9 years of remaining inventory that can generate a two-year payout period at current WTI prices.

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Aresco

OCTOBER 25, 2023

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gas upstream midstream downstream?

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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

But after that comes completions, including coiled tubing, cementing, and all thats entailed in those procedures. They also must increase the length and power of their tools to help make the oil flow. Nick Pottmeyer Nine Energy Service handles many completion procedures. Nine Energy Service handles many completion procedures.

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Novi

AUGUST 7, 2024

These trends, showing rising production with tighter spacing, stem from operator decision making to downspace and increase completion intensity in higher quality rock. This model uses 11,176 horizontal wells in the Delaware Basin with the following characteristics (Figure 1), and the following input variables: Figure 1.

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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 Upon completion, the merged entity will hold an enterprise value of roughly $3.8 billion, including debt.

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Novi

OCTOBER 22, 2024

In part 2 , we created a data-driven model using 11,176 wells from the Delaware Basin and features representing geology, completion intensity, spacing, and timing. Figure 3: Location of test pad in the Delaware Basin, Lea County. Figure 4: Winerack scenarios for Delaware Basin test pad.

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Novi

OCTOBER 14, 2024

Relying on quantiles is ineffective for non-uniform distributions, as we often see in well spacing and completion designs. A model that attempts to forecast oil production using only geological information. These errors represent everything about oil production that we cannot not predict only from knowing rock quality.

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Permian Basin Oil and Gas Magazine

MARCH 10, 2025

The back office is usually just that in the oil industryback behind the scenes. And Enverus, known internationally for its research, also offers oil and gas accounting systems, including their own newest option, called RFx (Request For Anything). It rarely makes headlines for great technological leaps. Data-Driven Decision Making.

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Energy Transfer

NOVEMBER 19, 2024

We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). Strategic Highlights In July 2024, Energy Transfer completed the acquisition of WTG Midstream Holdings LLC.

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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%). This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA compared to Q4 2023.

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Novi

NOVEMBER 6, 2024

All 3 scenarios used causal models to generate their forecasts, with identical geology and completions information feeding the models. In Figure 2 we see the results of different spacing scenarios on our Delaware Basin test pad. Figure 1: Winerack scenarios in the Delaware Basin.

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Producer's Edge

JANUARY 20, 2025

Pioneer Natural Resources USA, Inc. ("Pioneer"), a natural gas producer operating in the Permian Basin, entered into a firm contract with MIECO, L.L.C. ("MIECO"), an energy trading firm.

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Oil Gas Leads

MARCH 13, 2025

The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. Understanding Air Permits in Oil & Gas Transfers When ownership of an oil and gas facility changes, the new operator must update regulatory permits to reflect the transition.

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Oil Gas Leads

MARCH 7, 2025

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. 600 million in non-core asset sales , primarily in the Southern Delaware Basin.

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Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. We analyze major U.S.

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Oil Gas Leads

MARCH 10, 2025

The transaction will create a leading Canadian light oil and condensate producer, with a dominant position in the Alberta Montney and Duvernay formations, as well as significant operations in Saskatchewan. Path to Completion The transaction is expected to close before May 30, 2025, pending shareholder and regulatory approvals.

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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. BP is doubling down on its U.S.

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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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Oil Gas Leads

MARCH 3, 2025

Driving Efficiency: Key Gains in 2024 & 2025 Strategy Whitecap has made significant strides in drilling, completion, infrastructure, and cost optimization , setting the stage for a highly efficient 2025. Musreau 05-09 Battery: Completed 10% below budget and ahead of schedule. billion Funds Flow: $1.65 billion ($2.81/share)

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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 Bcf/d, and two additional processing plants that are under construction.

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Marcellus Shale Coalition

FEBRUARY 26, 2025

New England customers are faced with higher-than-average utility bills, natural gas shortages that require power plants to run on fuel oil, and an electric grid straining to meet new demands for power as current policies discourage the construction of new plants.

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