Oil & Gas 360º

MAY 27, 2025

(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 Of these 18, a handful are the really big players, including Exxon, Chevron, Occidental Petroleum, Diamondback Energy, and EOG. million barrels daily. Today, the Permian is producing over 6 million barrels daily, accounting for nearly half of the U.S.

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Barrel Consulting Oil Basin 130

Oil & Gas 360º

MARCH 28, 2025

refiner Citgo Petroleum is dealing with a fresh dispute between creditors after a lowball starting bid was recommended in a reboot of the sale. ” The case overseen by Stark was first introduced by Canadian gold miner Crystallex in 2017 after winning an arbitration case, allowing other creditors in similar situations to join.

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Casing E&P Consulting Oil 130

Oil & Gas 360º

MAY 5, 2025

The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. That $62 per barrel break-even price in Midland is up from $46 in 2017. (BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. Sure, todays industry is far larger and more sophisticated.

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Oil Barrel Field Basin 130