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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. As a private operator, the company has more flexibility to pursue exploration ventures than a public E&P whose shareholders would likely react negatively to a similar move.

Upstream 162
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Austin Chalk Makes a Comeback: EOG, SM, Magnolia Lead South Texas' Next Gas Boom

Rextag

Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). EOGs Dorado wells consistently deliver strong initial production (IP) rates, ranging from 20 to 24 MMcf /d over 24-hour tests.

Gas 52
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article thumbnail

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

Rextag

Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). EOGs Dorado wells consistently deliver strong initial production (IP) rates, ranging from 20 to 24 MMcf /d over 24-hour tests.

Gas 40
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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.