Remove BBL Remove Completion Remove Crude Oil
article thumbnail

Kazakhstan Reaches Record Oil Production of 2.12 Million bbl/d, Exceeding OPEC+ Quota

Egypt Oil & Gas

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5%

BBL 75
article thumbnail

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

Financial Summary The combined company’s production forecast at closing is 370,000 boe/d (63% liquids) and based on commodity prices of US$70 /bbl WTI and C$2.00 /GJ AECO, the forecast annualized funds flow is $3.8 After annual capital investments of $2.6 billion 4 , free funds flow is forecast at $1.2 billion 1.

Energy 130
article thumbnail

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

Oil and Gas Basins: Growth, Challenges, and 2025 Outlook Permian Basin (Texas & New Mexico) The Undisputed Leader 2023-2024 Overview The Permian Basin has remained the most important oil-producing region in the United States, supplying nearly 46% of the nations crude oil output in 2024. crude oil investments.

Basin 40