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Upstream Production Report: 2022 vs. 2023 vs. 2024 – Main Basins, Operators, Oil vs. Gas

Rextag

This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. Production by Formation - 12 Months (01.2024 - 12.2024) Different formations contribute to Permian Basin production, with the Trend Area and Wolfcamp formations leading in both oil and gas output.

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Energy super basins: Where the renewable, CCS and upstream stars align

Energy Central

Todays TRADITIONAL SUPER BASINS of oil & gas will not meet the challenges of sustainability and achieving Net-Zero by 2050. For the upstream industry to become more sustainable, it must focus on resources that are co-located with both plentiful clean electricity and CCS potential.

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Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs.

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Tellurian Upstream Sale: On To Greener Pastures

Novi

Aethon has agreed to purchase Tellurians upstream assets for (US) $260MM below street estimates, which ranged from $270MM to $500MM. Despite the market’s dislike of the purchase price, Tellurians upstream assets were in the middle of the pack. Basin-wide, however, ~$3.00/Mcf Basin differentials are assumed to be ~0.25/Mcf,

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Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

upstream M&A reaching $105 billion in 2024the third highest as recorded by Enverusthe market shows no signs of slowing down, with high price tag deals being driven by the scarcity of high-quality inventory. Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1]

Operator 130
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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.

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