Permian Basin Oil and Gas Magazine

MARCH 14, 2025

Houston-based Evolution Petroleum said last week it agreed to acquire non-operated oil and natural gas assets in New Mexico and Louisiana for $9 million. The acquisition extends Evolutions asset portfolio with about 440 boed of net production (60 percent oil, 40 percent natural gas). Closing is expected in 3Q.

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Rextag

JANUARY 27, 2025

billion project spanning 216 miles, designed to enhance natural gas transportation between Katy, Texas, and the Gulf Coasts LNG and industrial hub near Port Arthur. Bcf/d and is set to commence operations in the first quarter of 2027, pending regulatory approvals. The pipeline will have a capacity of 1.5 Bcf/d capacity project.

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Rextag

NOVEMBER 11, 2024

Before it was Expand Energy, the largest natural gas-weighted exploration and production company in the U.S., billion merger with Southwestern Energy, Expand Energy has achieved a new milestone: its the largest natural gas producer in the U.S., it was Chesapeake Energy. With its recent $7.4 2005 A Major U.S.

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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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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 Bcf/d of natural gas.

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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

AUGUST 31, 2022

The past several years have been challenging for Colorado oil and natural gas companies who are working to comply with stiff new regulations and surging demand following pandemic shutdowns, but the fundamentals of the Denver-Julesburg Basin remain strong. When has the DJ been uneconomic?”

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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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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. Pipeline Transportation Crude oil, natural gas, and NGLs move from production sites to storage and processing facilities.

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The Energy Law

NOVEMBER 18, 2010

Environmental Protection Agency (EPA) released its final Subpart W rule to cover petroleum and natural gas facilities under the agency’s Greenhouse Gas (GHG) Reporting Program. The original Subpart W rule for petroleum and natural gas facilities was proposed in March 2010.

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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%). Reconciliations back to the comparable GAAP measures can be found here. )

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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. oil and gas production. With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. Expansion of sour gas treating facilities in the Delaware Basin.

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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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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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Energy Transfer

NOVEMBER 19, 2024

Mackie McCrea, co-CEO, Energy Transfer We have seen a wide range of estimates for new power demand, and the broad consensus suggest that natural gas fueled power demand will increase significantly in the future. Interstate Natural Gas. Intrastate Natural Gas. Highlights by Segment NGL and Refined Products.

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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. With M&A activity accelerating, companies are securing inventory and refining their operations to meet future demand. Currently, at $2.75/MMBtu,

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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. natural gas production is forecasted to reach 104.6 crude oil production will rise from a record 13.2

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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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Rextag

DECEMBER 18, 2024

accounted for25% of Chevrons total output, with a focus on natural gas. Halliburton A leader in fracking technologies, enabling the rapid rise of shale gas production. unconventional gas market, dominating the hydraulic fracturing sector. unconventional gas market, dominating the hydraulic fracturing sector.

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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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Rextag

OCTOBER 31, 2024

Earnings per share plummeted to $2.25, and the decline was largely due to a 14% dip in crude realisations and a spine-tingling 60% decrease in natural gas realisations. Despite this trick rather than treat, ExxonMobil boosted production by 80,000 oil-equivalent barrels daily, driven by growth in the Permian Basin and Guyana.

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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. billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria.

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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.

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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. power demand. “At flat activity, we can grow the Lower 48 business.

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Marcellus Shale Coalition

MARCH 7, 2025

In a blow to Pennsylvania landowners, a judge recently dismissed a lawsuit aiming to overturn the Delaware River Basin Commission (DRBC)s ban on natural gas development within the watershed that robs private property owners of their right to realize the benefits of the energy beneath their feet.

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Rextag

FEBRUARY 24, 2025

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. Natural Gas Production: 25.8 The Permian Basin remains the top destination for U.S. MMBbl/d , a 0.3

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Oil Gas Leads

MARCH 11, 2025

Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.

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Oil & Gas 360º

MARCH 10, 2025

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. The combined company will continue to pay Whitecap’s annual dividend of $0.73

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Oil Gas Leads

MARCH 3, 2025

With a strategic focus on capital discipline, operational optimizations, and infrastructure enhancements, Whitecap is well-positioned to navigate commodity price volatility while delivering strong production growth and shareholder returns. 29% of 2025 natural gas production hedged at $3.35/GJ. billion Funds Flow: $1.65

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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. JANUARY Sunoco LP Acquired NuStar Energy L.P. In a deal valued at $7.3

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Valor

MARCH 10, 2025

Pennsylvania is considering leaving the PJM regional grid to expedite projects, while states like Indiana, Michigan, and Louisiana explore nuclear energy, and Missouri and Kansas compete to attract investments in natural gas plants. Read more “Drill, baby, drill”: natural gas producers eye a boom Summary : Rising U.S.

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Marcellus Shale Coalition

FEBRUARY 3, 2025

As our nation confronts challenges over energy reliability amid historic levels of power plant retirements, Pennsylvanias natural gas abundance and strong in-state fuel use is a model for a reliable, affordable, and cleaner grid. But natural gas barely registers in the queue for new generation power sources.

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Marcellus Shale Coalition

FEBRUARY 26, 2025

In 2015, then-Massachusetts Attorney General Maura Healey released a report asserting that no new natural gas pipelines were needed into the region and that the regions power grid faced no reliability deficiency through at least 2030. New England sits adjacent to Pennsylvania and the largest natural gas producing region in the country.

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Rextag

FEBRUARY 3, 2025

Massive data centerssome consuming as much electricity as entire citieshave been expected to drive soaring demand for natural gas, oil, and electricity. That single revelation was enough to rattle the markets, sending shares of natural gas producers, pipeline operators, and power plant owners into a steep selloff.

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Valor

FEBRUARY 11, 2025

Read more Europes oil demand may rise as gas hits $100 per barrel Summary : Europe’s oil demand may increase as natural gas prices surge to an oil-equivalent of $100 per barrel, making oil a more cost-effective alternative. The spike in gas prices is driven by supply constraints and higher demand, especially in winter.

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Valor

JANUARY 27, 2025

oil and gas rig count hits lowest since 2021 Summary : U.S. energy firms reduced the number of oil and gas rigs by four to 576, marking the third consecutive week of declines, with the rig count at its lowest since December 2021. Oil rigs fell by six to 472, while gas rigs rose by one. Read more U.S.

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Aresco

NOVEMBER 7, 2024

In contrast, the Biden administration introduced a number of stricter regulations, which industry leaders argued created operational challenges as well as increased costs. When Trump takes office in January, the oil and gas sector is expecting a reversal of these restrictive regulations. The export ban limited access to U.S.

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