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Calgary, Alberta (July 23, 2025) — Enverus Intelligence Research (EIR), a subsidiary of Enverus , the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 2Q2025 upstream M&A activity and outlook for the rest of the year. energy producers, and more than 40,000 suppliers.
Image by Moussa81 via iStock New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025. percent increase and an average growth of 875 jobs per month. percent increase and an average growth of 875 jobs per month.
Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Saudi Arabia’s upstream oil and gas investment is the highest in the Middle East, and is set to reach US$40bn in 2025, nearly 15% higher than in 2015.
· Acreage: Approximately 570,000 net acres · First-quarter 2025 average production: ~ 60,000 BOE/D (6% liquids, 94% natural gas) · Asset Background: These properties originated from IKAV’s 2020 acquisition of Simcoe LLC , a natural gas asset in the San Juan Basin spanning Colorado and New Mexico.
COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.” COG said it owned the produced water and sued, the trial court agreed with COG, and the court of appeals affirmed.
A marginal field bidding round was launched in 2020 to entice indigenous operators to invest in marginal field opportunities, drawing in 591 companies seeking to develop 57 oilfields. The government has long-sought to revive crude production through the development of marginal fields.
2 Total 2020 emissions are based on the EU Emissions Trading System (ETS) 2020, considering only industry emissions. Since 2020, EU ETS allowance prices have increased from â¬25/ton CO 2 to approximately â¬60 to â¬80/ton today. billion between 2020 and 2030 for decarbonization projects, with â¬3.1 billion in 2024.
The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6 million bbl of oil equivalent in Triassic reservoir rocks. The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund.
The DOE granted the FTA portion of the permit April 2020 for a 25-year term. “Commonwealth is pioneering an integrated wellhead-to-water strategy in partnership with its upstream operating entity to deliver low-cost, low-emission gas to the global market which is seeking supply from trusted trading partners”, Commonwealth said.
Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. energy producers, and more than 40,000 suppliers.
(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018.
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values.
Aethon has agreed to purchase Tellurians upstream assets for (US) $260MM below street estimates, which ranged from $270MM to $500MM. Despite the market’s dislike of the purchase price, Tellurians upstream assets were in the middle of the pack. The deal is good for the company despite the market reacting poorly to the sale price.
The significant capital reallocation away from renewables and towards the upstream marks a complete U-turn from the strategy set out by former CEO Bernard Looney in 2020 when he pledged to reinvent BP, cutting upstream output by 40% versus 2019 levels by 2030, from 2.6mn boe/d to just 1.5mn boe/d (MEES, 7 August 2020).
LNG has remained a core area for Shell even during the peak ESG years of 2020 and 2021. In the upstream, the key question mark is the liquids portfolio, RBC Europe Ltd.s LNG and gas are perceived to have a longer runway than oil in a transitioning world, HSBC analyst Kim Fustier said in a note. Biraj Borkhataria said in a note.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. While major gas deposits were found in the Outeniqua Basin in 2019 and 2020, operational challenges have impacted development.
Esta cifra representa menos de la mitad de los 41 pozos terminados en el mismo periodo de 2024 y menos de un tercio respecto a los 68 pozos reportados en el primer trimestre de 2020, en el sexenio anterior.
with ConocoPhillips, Diamondback Energy and Occidental Petroleum cumulatively spending more than $85 billion on assets since 2020 and more than $140 billion including Occidentals 2019 acquisition of Anadarko Petroleum. He specializes in deal analysis, research and valuations for upstream assets and tracks industry M&A trends and outlooks.
upstream M&A reaching $105 billion in 2024the third highest as recorded by Enverusthe market shows no signs of slowing down, with high price tag deals being driven by the scarcity of high-quality inventory. 2] Learn how Enverus can help you uncover undrilled upside and assess remaining inventory accurately.
Con esto, la empresa suma siete trimestres consecutivos de cada en su produccin , luego de una etapa de crecimiento iniciada en el tercer trimestre de 2020, inform BBVA Mxico.
It has made four oil and gas discoveries, all in Block 52: Sloanea-1 in 2020, Roystonea-1 in 2023 and Fusaea-1 and Sloanea-2 in 2024. “The LoA [letter of agreement] is necessary for further exploration of the gas discovery made in 2020 with the Sloanea-1 exploration well in Block 52”, Staatsolie said in a press release then.
If US LNG consumption grows 6% annually, consumption will total 46 Bcm/y by 2020.) The unscheduled maintenance is on the larger of the two units located in Mississippi at Tennessee Carnes Interconnect, upstream of FGT Compressor Station.
Mohamed Berrechid, TAQA Morocco Fuel Procurement Director, commented: In 2020, we realised that digitisation of the supply chain has no longer become optional. TAQA has significant investments in power and water generation, transmission and distribution assets, as well as upstream and midstream oil and gas operations.
La OPEP informó de una disminución anual en la producción petrolera mundial del 1.0%, lo que representa una primera caída anual, tras tres aumentos consecutivos desde 2020, alcanzando un promedio de 72.58 mb/d, o un -2.1%, y 0.78 mb/d, o un 1.8%.
After the United States imposed tariffs on washing machines in 2018, their retail price jumped by 12 percent, 1 Aaron Flaaen, Ali Hortaçsu, and Felix Tintelnot, âThe production relocation and price effects of US trade policy: The case of washing machines,â American Economic Review , volume 110, number 7, July 2020. around 2020.
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