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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.
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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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.
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.
Permian Basin Oil and Gas Magazine
MARCH 1, 2025
Capital Discipline Prioritizes Shareholder Returns : With free cash flow expected to exceed $100 billion in 2025, operators remain committed to dividends and buybacks, prioritizing shareholder value. ( Related: O&G Outlook for 2025 The post Energy Trends for 2025 appeared first on Permian Basin Oil and Gas Magazine.
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.
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. This is especially valuable in high-transaction environments like the Permian Basin, Elchitz observed. Some examples include: * Automating Routine Tasks.
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