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DJ Basin Update: Low-Cost Production, Rising Gas Ratios, and Strategic Shifts Amid Regulatory Pressure

Oil Gas Leads

While not as prolific as the Permian or Eagle Ford, it offers strong midstream infrastructure and low breakeven costsmany sub-$50/bbl. Cost Efficiency & Drilling Innovation Chevron reports 75% of its DJ inventory has <$50/bbl breakevens. mcf/bbl in 2019 ~6.95 mcf/bbl in 2025).

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Upstream M&A sails to $17 billion in 1Q25

Enverus

That year oil still averaged a relatively strong $78/bbl though, different from a move towards the lower end of its cyclical trading range that 2025 is witnessing.

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Austin Chalk Makes a Comeback: EOG, SM, Magnolia Lead South Texas' Next Gas Boom

Rextag

Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). That total included: 26,200 bbl /d of crude 22,100 bbl /d of NGLs 140 MMcf /d of gas The Chalk is the backbone of Magnolias portfolio, comprising 93% of its total operated gas volumes and 80% of liquids production last year.

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Austin Chalk Makes a Comeback: EOG, SM, Magnolia Lead South Texas' Next Gas Boom

Rextag

Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). That total included: 26,200 bbl /d of crude 22,100 bbl /d of NGLs 140 MMcf /d of gas The Chalk is the backbone of Magnolias portfolio, comprising 93% of its total operated gas volumes and 80% of liquids production last year.

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Shale Success at $40: Can Structural Cost Reduction Sustain the U.S. Oil Boom?

Oil Gas Leads

billion of structural cost savings since 2019. Danny Wesson Through a lower share count, lower cost structure, and quality inventory, our breakeven oil price for the same free cash flow dropped $9/bbl from last year. Weve fundamentally transformed the cost base of our company by delivering $12.7

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Upstream M&A sails to $17 billion in 1Q25

Permian Basin Oil and Gas Magazine

Asset values have also declined when crude prices moved 20 percent or more lower year-over-year, with the value of Permian acreage falling about one-third in 2015 compared to 2014 and losing more than half its value in 2020 over 2019, based on the average price per acre paid.