Rigzone: News

JANUARY 14, 2025

Africa Oil increased its stake in Block 3B/4B on the South African side of the Orange Basin to 18 percent from 17 percent after completing a transaction with fellow Canadian company Eco.

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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. The price of West Texas Intermediate (WTI) crude oil closed the quarter at $71.72

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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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Energy Central

DECEMBER 6, 2023

In this report, we will analyze the latest developments in the 4 largest US tight oil basins, which include the Permian, Williston, Eagle Ford, and the Denver-Julesburg (DJ). Together, these 4 basins were producing over 8 million barrels of oil per day (b/d) in August 2023, while outside these basins less than 0.8

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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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Energy Central

APRIL 6, 2023

In this report, we will analyze the latest developments in the 4 largest US tight oil basins, which include the Permian, Williston, Eagle Ford, and the DJ. Together, these basins produced more than 7.2 million barrels of oil per day at the end of last year.

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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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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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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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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. Figures 3 and 4 show the relationship between a wells nearest neighbor distance and its 1-year cumulative oil production per lateral foot.

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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 8, 2025

The discovery in Block 15-2/17, in the Cuu Long Basin, encountered about 370 feet of net oil pay across two reservoirs.

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Rigzone

MARCH 12, 2025

The acquisition includes four oil fields in the Esprito Santo Basin, including the Lagoa Parda Cluster, plus two exploration blocks adjacent to major producers.

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Rigzone: News

FEBRUARY 18, 2025

The transaction is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals.

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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. Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day. Forty percent of Permian activity is planned in Delaware Basin.

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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. Pemex produced crude oil and condensate of 1.62 The post Pemex oil exports fall in January, including by 36 percent to U.S.

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Global Energy

MAY 23, 2014

The UK Department of Energy and Climate Change (DECC) has published a study by the British Geological Survey of the […]

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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

DECEMBER 25, 2024

The fields are located in two producing assets: the Porto Carao Cluster and the Barrinha Cluster.

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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

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. Fourth quarter production was 171,300 barrels of oil per day (368,400 boed).

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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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Rigzone: News

FEBRUARY 26, 2025

The Illinois Basin has a history of producing 10 to 12 million barrels of oil annually, the company said.

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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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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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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. Maryann Mannen, president and CEO, 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. The assets are comprised of 17,700 net acres with 2,300 boed (80 percent oil) net production from 101 gross wells.

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Energy Central

FEBRUARY 14, 2023

By EDF BlogsBy Jon Goldstein and Ben Hmiel For the last several years, researchers have been studying methane emissions in the Permian Basin (the nation’s largest oil field) to try and understand just how much climate pollution specific oil companies may be responsible for.

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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 million b/d of US tight oil production (almost 85% of total US tight oil production). In this post, we will analyze the latest developments in the 3 US tight oil basins that are producing more than 0.5

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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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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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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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Drillers

MARCH 24, 2020

The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.

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Rextag

DECEMBER 23, 2024

At Rextag, we couldnt think of a better gift for our readers than a look back at the deals that shaped the oil and gas industry this year. So, while you sip your cocoa and enjoy the holiday glow, lets dive into the most impactful oil and gas deals of the yearcomplete with a festive bow and a little extra surprise at the end.

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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

oil and gas sector trends in 2025. Here are some trends that Jeff Robertson, Managing Director at Water Tower Research , identifies as key forces shaping the oil and gas landscape next year. (1) 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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