Novi

JULY 30, 2024

As an operator decides between 440, 660, or 880 foot spacing, what are the production impacts in each scenario? Operators have limited tools to forecast these scenarios because of limitations in physical and statistical modeling unique to shale wells. Figure 3: Spacing and production in the Delaware Basin.

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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. An operator seeking to expand into such an area must deal with higher uncertainty, whether through machine learning or any other forecasting method.

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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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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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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. It solidifies Rings position as a leading conventional Permian consolidator while strengthening the operational and financial base.

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Energy Transfer

MARCH 12, 2025

But while were dazzled by its seamless operation, most of us overlook whats behind AI that makes it all possible. The pipeline will deliver natural gas from the Permian Basin to major markets and trading hubs throughout Texas. That unsung hero is energy and lots of it. The natural gas supply is expected to generate approximately 1.2

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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. Beginning operations in early October, the pipeline can transport up to 2.5

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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 post Permian Resources plans to increase production in 2025 by 8 percent appeared first on Permian Basin Oil and Gas Magazine.

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Oil & Gas 360º

MARCH 10, 2025

The collaborationamongthe three companies would leverage in-basin natural gas production, advanced energy generation via fuel cell technology, and infrastructure financing to create a highly efficient, scalable, and sustainable energy solution tailored for the rapid expansion of data center power capacity requirements. and DANBURY, Conn.

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Rextag

JANUARY 21, 2025

With M&A activity accelerating, companies are securing inventory and refining their operations to meet future demand. shale sector is experiencing a robust wave of mergers and acquisitions (M&A) as companies seek to bolster inventory and scale their operations. CONSOLIDATION GAINS MOMENTUM AMID INVENTORY CONCERNS The U.S.

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Novi

JULY 19, 2024

The highlights and links to the papers are here: Enhancing Production Efficiency: The Impact of Precision Targeting in the Midland Basin We highlighted the production and economic effects of the landing zone and the benefits of landing wells in the top half of the Lower Spraberry Shale or high in the Jo Mill.

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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. appeared first on Permian Basin Oil and Gas Magazine. He said the problem is being solved, according to Mexico Business News.

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Rextag

DECEMBER 23, 2024

billion Date: October 11, 2024 ExxonMobil made waves by acquiring Pioneer Natural Resources, securing 850,000 net acres in the Permian Basin. Fact: Hesss Guyana operations were so lucrative that some analysts called this deal the crown jewel of 2024. It's Beginning to Look a Lot Like Christmas!

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Oil Gas Leads

MARCH 10, 2025

This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. ” Phillips 66 (PSX) Permian Basin: The Growth Engine of Midstream Expansion The Permian Basin is at the center of the midstream revolution.

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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? The El Paso Court of Appeals , in the recent case of Cactus Water Services LLC v.

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Permian Basin Oil and Gas Magazine

MARCH 10, 2025

The shutdowns really provided the impetus for a lot of operators to get on track with a simple solution that was lightweight, easy, and cost-effective for them to run, he said. The back office is usually just that in the oil industryback behind the scenes. It rarely makes headlines for great technological leaps.

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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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Novi

MAY 31, 2024

The Road So Far – Looking Back on the Deal Our original analysis noted that Tellurian rock quality typically sat in the tier-2 to tier-3 category basin-wide, equating to our second and third machine-learning-derived rock quality quartiles. Basin-wide, however, ~$3.00/Mcf Basin differentials are assumed to be ~0.25/Mcf,

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The Energy Law

NOVEMBER 18, 2010

One of the more controversial requirements in the proposed rule, the “basin-level” definition of an onshore production facility, remains largely unchanged in the final rule. EPA did include language that explicitly limits the basin-level definition to the GHG Reporting Rule. By Carlos J. Moreno On November 8, 2010, the U.S.

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Energy Transfer

OCTOBER 18, 2024

Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others. Congratulations to our employees for their unwavering commitment to achieving operational excellence day in and day out. Also invested $1.6

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Aresco

MARCH 13, 2025

AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board.

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Oil Gas Leads

MARCH 11, 2025

The Permian Basin continues to solidify its role as the driving force behind U.S. Enterprise Products Partners LP , a leading midstream operator, is taking a strategic approach to expansion , focusing on pipeline investments, LNG and LPG exports, and securing fee-based revenue to ensure long-term stability. oil and gas production.

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Oil Gas Leads

MARCH 10, 2025

West Virginia remains a highlight , now operating 11 rigs , having sustained its rig addition from three weeks ago. Oklahomas drilling activity was unchanged at 49 rigs , reflecting stable operations in the region. Operators remain cautious , with many focusing on financial discipline rather than rapid expansion.

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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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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

Nick Pottmeyer is President of Completion Tools Operations for the company, and Joe Huwel is President of Cementing and Coiled Tubing. Starting Small, then Growing by Leaps and Bounds Early in the shale revolution, before about 2012, 5000-foot laterals were the new and challenging thing in the Permian Basin.

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Rextag

DECEMBER 18, 2024

Expanded operations in Alaska and the North Sea, pushing the boundaries of deepwater exploration. Permian Basin Pioneer: Projects here used CO injection to produce an extra 1 million barrels annually by 2005. Whispers of Greatness: Early exploration hinted at untapped reserves that could change the game. shale revolution.

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Novi

OCTOBER 14, 2024

For the causal relationship between well spacing and oil production, I would like to have a way to remove the influence of rock quality from the amount of oil produced, and from the operators decision about how to space wells. In the previous posts , we discussed how confounding factors can make it difficult to create a useful model.

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Energy Transfer

FEBRUARY 12, 2025

This was primarily due to higher throughput and higher rates across our Gulf Coast and Mariner East pipeline operations and we also had strong NGL exports and increased profits from the optimization of hedged NGL inventory. This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA compared to Q4 2023.

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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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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. ” Section 11.2:

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The Energy Law

FEBRUARY 3, 2021

Delaware Basin Resources LLC , 08-20-00060-CV, the Court of Appeals for the Eighth District of Texas (El Paso) recently held oral argument on the proper construction of the word “and” used in a Delaware Basin oil and gas lease. The leases also required DBR to commence drilling operations within the primary term of three years.

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Drillers

MARCH 26, 2020

Cost Saving through Operational Optimisation Without exception, every Operator has the potential to reduce their operational costs significantly. The learnings below come from subsurface operations related to drilling wells, but these practices can be applied to just about every business.

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Rextag

JANUARY 27, 2025

Bcf/d and is set to commence operations in the first quarter of 2027, pending regulatory approvals. These initiatives are progressing and will drive substantial growth once operational. Bcf/d capacity project connecting the Permian Basin to the Agua Dulce hub. The pipeline will have a capacity of 1.5 Bcf/d capacity project.

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Oil Review Middle East

MARCH 10, 2025

QatarEnergy is heavily expanding its LNG production , with an eye on longterm demand from Asia, and is forecast to operate nearly 120mn tonnes per annum (Mtpa) of LNG capacity by 2035, with its North Field projects targeting 126 Mtpa by 2027. ADNOC's LNG capacity is set to expand significantly with the Ruwais LNG project (9.6

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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. The operator of Egina is China’s CNOOC: Chinese oil companies are expanding internationally, and Nigeria is one of the destinations, despite the challenges.

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Valor

FEBRUARY 24, 2025

Read more 25% royalty rate cap on prime oil and gas land heads to the House Summary : The New Mexico Senate passed Senate Bill 23 in a 21-15 vote, advancing legislation to raise the maximum royalty rate on prime oil and gas land in the Permian Basin from 20% to 25%. Meanwhile, global supply concerns persist as the U.S. GW capacity.

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Energy Transfer

NOVEMBER 19, 2024

This was primarily due to growth across our Mariner East pipeline operations as well as strong NGL exports, which were offset by lower gains from the optimization of hedged NGL inventory, as we recognized over $100 million in gains in the third quarter of last year compared to $30 million this year. Adjusted EBITDA was $1.01

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