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Texas Supreme Court rules produced water belongs to mineral lessee

Permian Basin Oil and Gas Magazine

The four leases were granted by two surface owners, the Colliers, between 2005 and 2014, and COG drilled 72 horizontal wells that generated nearly 52 million barrels of produced water. In 2019 and 2020 the Colliers signed “produced water lease agreements” with Cactus Water Services, conveying produced water to Cactus.

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Equinor, Shell Unveil Name of UK North Sea JV

Rigzone

Adura, which will be equally owned, combines the two companies’ offshore assets in the UK, where Shell currently produces over 100,000 barrels of oil equivalent a day (boed) and Equinor about 38,000 boed. “Adura is expected to produce over 140,000 barrels of oil equivalent per day in 2025”, Equinor said.

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Oil Holds Gains Despite US Crude Surge

Rigzone

West Texas Intermediate swung between gains and losses before settling above $68 a barrel, narrowly extending a winning streak to a third day. million barrels last week, the biggest gain since January, the Energy Information Administration said Wednesday. million barrels a day for the rest of the year, after growing by around 1.5

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Why Falling Oil Prices Are Not Always Good News

OilPrice

From Net Importer to Net Exporter In 2005, the U.S. million barrels of oil and finished products per day. Cheaper gasoline meant more disposable income for consumers, lower transportation costs for businesses, and a boost to sectors that rely on oil as an input. But in 2025, that simplistic view no longer holds up.

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Texas Supreme Court Opines on Ownership of Produced Water

Oil and Gas Lawyer

Between 2005 and 2014, the Colliers granted leases covering 37,000 acres of land in Reeves County to COG. COG has drilled 72 horizontal wells, and production from those wells has generated nearly 52 million barrels of produced water. Its holding: COG, the operator, owns the produced water.

Barrel 130
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The heart of the US oil boom is slowing

Oil & Gas 360º

produced about 5 million barrels of crude oil per day, down by half from the 1970s. With even remote fields like Alaskas North Slope sputtering and the cost to find and extract an additional barrel of oil rising, collapse loomed. That $62 per barrel break-even price in Midland is up from $46 in 2017. Twenty years ago, the U.S.

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1/4 Century: What Was the Oil and Gas Industry Like in the Early 2000s? Part 2

Rextag

By 2005, analysts predicted the Bakken contained 4.3 billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. billion in profit in 2005, the highest ever recorded by a corporation. By 2005, ExxonMobil produced over 4.1 million barrels of oil equivalent per day (boe/d) globally.