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 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.

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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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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

Natural Gas Optimism Grows Amid Oil Market Caution : OPEC+ production cuts and muted demand forecasts keep oil prices subdued, while natural gas prices are projected to rise to $2.90/MMBtu, Related: O&G Outlook for 2025 The post Energy Trends for 2025 appeared first on Permian Basin Oil and Gas Magazine.

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Energy Transfer

DECEMBER 10, 2024

is because technological breakthroughs have resulted in increased domestic natural gas production to generate our nations electricity, largely replacing coal-fired generation. According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S.

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