NGT News

JULY 30, 2021

The Morongo Basin Transit Authority (MBTA), on behalf of the California Association for Coordinated Transportation (CALACT) consortium members, has selected Vicinity Motor buses in a statewide purchasing contract. The contract gives state transit agencies authority to purchase Buy America compliant buses directly from Vicinity Motor Corp.‘s

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

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. Reserves were comprised of 44 percent oil, 38 percent natural gas and 18 percent NGLs.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Permian Basin reported 305 rigs (up 1 in past week, down 10 in past year). Eddy and Lea counties in New Mexico continue to lead Permian Basin with 51 rigs each. rig count up for fifth straight week; Permian Basin, Texas adds rigs appeared first on Permian Basin Oil and Gas Magazine. The post U.S.

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Oil Gas Leads

MARCH 8, 2025

The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. Bcf/d in 2025.

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Permian Basin Oil and Gas Magazine

MARCH 11, 2025

Counts of active drilling rigs in Permian Basin, Texas and U.S. Also, there were 304 rigs in Permian Basin (down from 305 previous week, down from 313 year ago) and 281 in Texas (down from 282 previous week, down from 291 year ago). The post Counts of drilling rigs decline in Permian Basin, Texas, U.S.

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Oil Gas Leads

MARCH 4, 2025

The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. Natural gas prices also saw strong growth, with Henry Hub natural gas averaging $14.17

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Energy Central

NOVEMBER 27, 2024

By EDF Blogs By Nini Gu Data recently collected by EDF’s MethaneAIR project in 2023 reveals a striking difference in the emissions profiles between the two major Colorado basins: the Denver-Julesburg (D-J) in the east, and the Piceance in the west. The D-J Basin exhibited a 1.7%

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Oil & Gas 360º

MARCH 10, 2025

These efforts reflect a broader trend across the continent, where NOCs are leaning on foreign partnerships to advance oil and gas production. Advancing gas monetization Amid a surge in gas monetization, Africa has emerged as a major LNG producer. The company also strives to unlock the potential of the Orange Basin.

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Oil & Gas 360º

MARCH 6, 2025

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Offshore infrastructure projects are also advancing, including Enis Structures A&E Project, which channels gas from two fields to the Mellitah treatment plant.

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Rigzone: News

DECEMBER 20, 2024

Vitesse signed a deal to acquire Lucero, an oil and gas producer focused on the North Dakota side of the Williston Basin, in an all-stock transaction with a diluted equity value of $222 million.

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Oil & Gas 360º

MARCH 10, 2025

The partnership has agreed to create an Acquisition and Development Company ( ADC ) focused on delivering reliable, cost efficient, net-zero power from natural gas and captured coal mine methane ( CMM ) to meet the soaring demand of data centers for reliable power. and DANBURY, Conn.

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McKinsey

NOVEMBER 30, 2018

The Permian is experiencing its first natural gas problem. Gas production is starting to exceed pipeline capacity exiting the Permian, and in-basin prices are falling as a result.

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Mees

MARCH 7, 2025

First gas from Saudi Arabias giant Jafurah Basin unconventional project is expected in Q3. The highly symbolic development will help boost Saudi gas output to record highs and is central to Aramco achieving its ambitious 2030 gas growth target.

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Asian Oil & Gas

MARCH 10, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has made a major breakthrough in the exploration of Paleozoic buried hills in the Beibu Gulf Basin

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Enverus

MARCH 10, 2025

Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] billion deal represents one of the last significant private positions in the Midland Basin and leaves very few remaining opportunities for mid-sized operators to acquire high-quality inventory. [1]

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Oil and Gas Lawyer

MARCH 10, 2025

The Delaware Mountain Group is a group of formations including the Bell Canyon, Cherry Canyon and Brushy Canyon formations, deposits in ancient canyons filled in over the ages, and are productive of oil and gas. These formations lie above parts of the Wolfcamp formation in the Permian Basin.

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Rigzone: News

JANUARY 14, 2025

Kinder Morgan agreed to buy a natural gas gathering and processing system in North Dakota from Outrigger for $640 million.

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Novi

JULY 30, 2024

Examining the relationship between oil production and proppant , we see both the Delaware Basin (Figure 1) and Midland Basin (Figure 2) showing a production increase with proppant intensity. Figure 1: Delaware Basin 12 month cumulative oil production per lateral foot, plotted against proppant per lateral foot used in the completion.

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Rextag

OCTOBER 29, 2024

The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Bcf/d of natural gas from the Permian to Katy, Texas. Bcf/d of natural gas.

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Novi

NOVEMBER 12, 2024

As consolidators move to acquire acreage in core shale basins, smaller operators are looking for opportunities in underappreciated basins and fringe areas in core basins. Forecasting the Northwest Shelf of the Delaware Basin One of these new areas of interest is the Northwest Shelf of the Delaware Basin.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Denver-based Civitas Resources said last week it expanded its Permian Basin position with the purchase of operated assets in Howard, Glasscock and Upton counties in Midland Basin. Civitas said slightly more than half of total capital investments will be allocated to Permian Basin with the remainder to DJ Basin.

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Rigzone: News

DECEMBER 25, 2024

The Wolf Bone Ranch 'strategically expands LandBridge's position in Reeves and Pecos Counties, Texas, an important region for both oil and natural gas production, and provides access to the Waha Gas market hub'.

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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.

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Rigzone: News

JANUARY 16, 2025

On an oil equivalent basis, we believe this could represent as much as five times our current total reserve base.'

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Energy Central

MARCH 22, 2024

Impact of Gas Price Drop on Operators Henry Hub gas prices have witnessed a significant decline from their November peak of approximately $3.50 This drastic shift has prompted operators in major gas basins to respond by reducing rigs and, in some instances, voluntarily shutting down production.

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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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Energy Central

JANUARY 17, 2023

Todays TRADITIONAL SUPER BASINS of oil & gas will not meet the challenges of sustainability and achieving Net-Zero by 2050. These are the ENERGY SUPER BAINS; While the oil and gas industry’s past is.

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Oil & Gas 360º

MARCH 13, 2025

(Reuters) – HOUSTON, March 13 Donald Trumps return to the White House caused animal spirits to soar in the oil and gas sector, and these vibes were palpable in the halls of the sectors annual conference in Houston this week. The United States already became the worlds top oil and gas producer under former President Joe Biden.

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Rigzone: News

JANUARY 30, 2025

The wells are planned to supply the proposed Shenandoah South Pilot Project, which is expected to produce 40 million cubic feet of natural gas a day with production expected to start mid-2026.

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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

The University of Texas Permian Basin’s annual Permian Basin Water in Energy Conference (PBWIEC) will convene March 46, 2025, offering opportunities for innovation, collaboration, and industry recognition. Conferees converse between sessions of the 2024 Permian Basin Water in Energy Conference.

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Marcellus Shale Coalition

JANUARY 10, 2025

Natural gas produced in Pennsylvania, Ohio and West Virginia has some of the lowest associated air emissions and water usage, according to a new peer-reviewed study from the U.S. greenhouse gas emissions. greenhouse gas emissions. natural gas production continues to improve. natural gas production continues to improve.

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Permian Basin Oil and Gas Magazine

MARCH 7, 2025

Permian Resources said 65 percent of 2025 operating activity will be focused in New Mexico and 30 percent in Texas in Delaware Basin and the remaining activity in Midland Basin. The company also announced the divestiture of its Barilla Draw natural gas and oil gathering systems for $180 million.

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NIOSH Science: Oil & Gas

APRIL 10, 2015

This blog post provided information that NIOSH received from several sources indicating that acute exposures to hydrocarbon gas and vapors likely played a role in the deaths of at least four workers in the oil and gas extraction industry. The four workers were employed in the Williston Basin of North Dakota and Montana.

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Permian Basin Oil and Gas Magazine

MARCH 7, 2025

The Woodlands-based Ring Energy said last week it will acquire assets in central basin platform from Lime Rock Resources in a cash-and-stock deal valued at $100 million. The post Ring Energy acquires assets in Andrews County from Lime Rock Resources appeared first on Permian Basin Oil and Gas Magazine.

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Rigzone: News

JANUARY 9, 2025

Kimbell signed a deal to acquire Boren Minerals' oil and natural gas mineral and royalty interests in the Permian Basin for about $231 million.

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Energy Central

JULY 1, 2024

The second quarter of 2024 saw slight shifts in oil and natural gas activity, but major changes are looming on the horizon, according to new data from the Dallas Federal Reserve Energy Survey. ” The production indexes showed.

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Energy Central

OCTOBER 28, 2022

The State of Shale Oil & Gas — 2022 The Permian, Eagle Ford and Williston. These 3 basins are good for over 6.5 In this post, we will analyze the latest developments in the 3 US tight oil basins that are producing more than 0.5 million b/d of US tight oil production (almost 85% of total US tight oil production).

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