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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? Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.

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BP Expands U.S. Natural Gas Production Amid Rising Prices and LNG Growth

Oil Gas Leads

natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. per million British thermal units (mmBtu), BP sees a lucrative opportunity to increase production. However, under the new strategy, the company now plans to grow production to between 2.3 BP is doubling down on its U.S. million and 2.5

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Scout Energy Management Acquires Permian Basin Assets from ConocoPhillips

Oil Gas Leads

One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. The Texas Commission on Environmental Quality (TCEQ) oversees these permits to ensure that production activities adhere to state and federal environmental regulations.

Basin 52
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ConocoPhillips Q4 2024 Earnings Call: Key Updates on the Permian Basin

Oil Gas Leads

The company remains committed to capital efficiency and production optimization , with a focus on delivering value-driven growth while maintaining operational discipline. This improvement has allowed ConocoPhillips to maintain its low single-digit production growth target while reducing overall capital spending. power demand.

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