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Permian Basin drives growth in tight oil production in U.S. onshore lower 48

Permian Basin Oil and Gas Magazine

Energy Information Administration, driven by growth in tight oil production in Permian Basin. Permian Basin accounted for 65 percent of all tight oil production growth and 51 percent of lower 48 oil production in 2024. After 2020, production in Permian Basin increased at a faster pace than production outside the Permian.

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EOG Resources Acquires Encino for $5.6B, Expands Premier Utica Shale Position

Rextag

Post-acquisition, EOG becomes one of the largest producers in the Utica, with pro forma daily production of 275,000 Boe. “This acquisition creates a third foundational play for EOG alongside the Delaware Basin and Eagle Ford, enhancing the quality, scale, and resilience of our multi-basin portfolio,” said Ezra Y.

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The Power Behind the Boom: How Permian Basin Electrification is Reshaping U.S. Energy Demand

Oil Gas Leads

The Permian Basin is best known as the beating heart of U.S. GW of Permian Demand According to analysis from Rystad Energy, the Permian Basin’s current 7.5 What It Means for the Future The Permian Basin is no longer just an engine of oil production—it’s becoming a permanent high-load demand center for the Texas grid.

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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

basins; A US$100 million commitment from a major U.S. basins; A US$100 million commitment from a major U.S.-based based oil sector investor (the ‘Investor’) to accelerate growth through the drilling activity in Zephyr’s Williston Basin non-operated asset portfolio.

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ExxonMobil Hits 1,000 Wells in the Delaware Basin

Oil Gas Leads

ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin just seven years after the first spud in 2017. Longer Laterals : Successful four-mile laterals at Poker Lake , reducing surface land disturbance and operational footprint.

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Wells Drilled in Texas by Quarter Since 2017: A Window Into the U.S. Shale Factory Model

Oil Gas Leads

Shale Factory Model appeared first on Oil Gas Leads.

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Where Water Takes Center Stage

Permian Basin Oil and Gas Magazine

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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