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Zephyr Energy announces new strategic partnership to provide up to US$100m

Oil & Gas 360º

Since 2021, Zephyr has completed 14 discrete acquisitions in theWilliston Basinand built a highly experienced team which previously managed over 4,000 non-operated wells throughout the region. million barrels of oil equivalent (“mmboe”), 2C resources of 34 mmboe and 2U resources 270 mmboe.

Energy 130
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Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. Coterra Energy (CTRA) – Oklahoma (Anadarko) Segment Coterra Energy was formed from the 2021 merger of Cimarex and Cabot. Liquids” includes crude oil and NGLs.

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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). SM Energy: Strategic Pivot to Chalk SM Energy began full-scale Austin Chalk development in 2021, targeting oil and liquid-rich gas windows across its 155,000-acre South Texas footprint. Whos Leading the Charge?

Gas 52
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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). SM Energy: Strategic Pivot to Chalk SM Energy began full-scale Austin Chalk development in 2021, targeting oil and liquid-rich gas windows across its 155,000-acre South Texas footprint. Whos Leading the Charge?

Gas 40
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OPEC expects slower 2025 oil supply growth from rivals after price drop

Oil & Gas 360º

Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last months forecast of 900,000 bpd. On May 5 Brent settled close to $60, its lowest settlement since 2021. President Donald Trumps tariffs.

Oil 130
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OPEC expects slower 2025 oil supply growth from rivals after price drop

Oil & Gas 360º

Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last months forecast of 900,000 bpd. On May 5 Brent settled close to $60, its lowest settlement since 2021. President Donald Trumps tariffs.

Oil 130
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Drillers in Canada shift to natural gas as trade war drives down oil prices

Oil & Gas 360º

For oil wells, the number fell 24% to 293, the lowest since 2021. West Texas Intermediate oil prices have fallen by about 20, to near $63 a barrel, since U.S. Energy Secretary Chris Wright said at an energy conference in Oklahoma City last week that oil at $50 a barrel wouldnt be sustainable for American producers.