Oil Gas Leads

JUNE 9, 2025

Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. Several major basins, including the Permian and Eagle Ford, recorded new lows. Baker Hughes reclassified 8–10 rigs in Marcellus/Utica (gas vs. oil), with historical totals unchanged. Here is a summary of the U.S. Here is a summary of the U.S.

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Gas Oil Engineering Engineer 52

Permian Basin Oil and Gas Magazine

MARCH 14, 2025

Energy Information Administration said last week the number of rigs deployed to drill for natural gas declined over the last two years. natural gas-directed rigs decreased 32 percent between December 2022 and December 2024. benchmark Henry Hub natural gas price reached a 14-year high of $6.95 After the U.S.

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Natural Gas Gas Completion Basin 89

Oil & Gas 360º

APRIL 2, 2025

(BOE Report) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 Houston, Texas, USA – March 2, 2022: ConocoPhillips World Headquarters in Houston. billion takeover of Marathon Oil last year, people familiar with the matter said.

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Basin Natural Gas Oil Completion 130

Oil & Gas 360º

APRIL 9, 2025

(BOE Report) – Oil and gas firm APA said on Wednesday it curtailed about 8 million cubic feet per day of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak prices. to be $2 per thousand cubic feet (Mcf) and $4.15 per Mcf worldwide.

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Natural Gas Barrel Gas Basin 130

Oil & Gas 360º

JUNE 25, 2025

(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. basins; A US$100 million commitment from a major U.S. basins; A US$100 million commitment from a major U.S.-based Register to attend.

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Oil & Gas 360º

MARCH 10, 2025

These efforts reflect a broader trend across the continent, where NOCs are leaning on foreign partnerships to advance oil and gas production. Advancing gas monetization Amid a surge in gas monetization, Africa has emerged as a major LNG producer.

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E&P Exploration and Production Oil Field 130

Oil & Gas 360º

MARCH 27, 2025

shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said. The move aims to capitalize on the fact that the VTX oil and gas business is one of the few remaining privately-owned operators of scale in the Permian basin after the last two years run of dealmaking in the top U.S.

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Oil Gas Leads

JULY 7, 2025

This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward natural gas. The rig count is down 44% from its 2022 peak of 780 , reflecting both post-pandemic normalization and broader market hesitancy. Producers may be pivoting to gas due to: Stronger gas prices.

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Oil Consulting Engineering Engineer 52

Novi

NOVEMBER 12, 2024

As consolidators move to acquire acreage in core shale basins, smaller operators are looking for opportunities in underappreciated basins and fringe areas in core basins. Forecasting the Northwest Shelf of the Delaware Basin One of these new areas of interest is the Northwest Shelf of the Delaware Basin.

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Energy Central

OCTOBER 28, 2022

The State of Shale Oil & Gas — 2022 The Permian, Eagle Ford and Williston. These 3 basins are good for over 6.5 In this post, we will analyze the latest developments in the 3 US tight oil basins that are producing more than 0.5 million b/d of US tight oil production (almost 85% of total US tight oil production).

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Permian Basin Oil and Gas Magazine

APRIL 1, 2025

Count of active drilling rigs fell for the fourth straight week in Permian Basin, according to Baker Hughes in its weekly report of March 28. Its Permians lowest count since 294 rigs in February 2022 (highest in the interim was 361 rigs in April 2023).

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Drilling rig Basin Gas Oil 52

Rextag

JUNE 10, 2025

Post-acquisition, EOG becomes one of the largest producers in the Utica, with pro forma daily production of 275,000 Boe. “This acquisition creates a third foundational play for EOG alongside the Delaware Basin and Eagle Ford, enhancing the quality, scale, and resilience of our multi-basin portfolio,” said Ezra Y.

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Condensate Basin Operator Sustainable 52

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

billion barrels in 2022 and 1.86 Texas also produced record volumes of natural gas in 2024 with 12.62 That tops the previous records for natural gas production of 12.30 trillion cubic feet in 2022 and 10.51 The commission said March 26 that Texas produced 2,003,844,281 barrels of oil to better the recent records of 1.99

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Natural Gas Crude Oil Gas Oil 52

Oil Gas Leads

MARCH 31, 2025

British Columbias upstream oil and gas sector has seen a surge in well permitting activity over the last few yearsbut drilling activity hasnt kept pace. Based on current data, over 1,500 well permits issued since 2022 have not been followed by any drilling activity. The result? Who Holds the Backlog?

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Gas Oil Basin Spud-in 52

Rextag

OCTOBER 29, 2024

The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Bcf/d of natural gas from the Permian to Katy, Texas. Bcf/d of natural gas.

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Basin BCF Gas Pipeline 40

Q2 Technologies

SEPTEMBER 13, 2022

Although the 2022 Hurricane Season has been fairly mild with only five named storms since the first week of September, the recent barrage of 1 in a 1,000 year weather events that has drenched a large swath of the US is proof that the weather systems are not to be trifled with.

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Manufacturing Basin Transportation Supply Chain 52

Enverus

JUNE 3, 2025

billion, Andrew Dittmar, principal analyst at Enverus Intelligence Research provided this commentary explaining the deal’s significance: “While corporate mergers are a staple of oil and gas operators, they have been rare in the more sedate minerals space. billion in 2022. billion inclusive of net debt. shale play.

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Rextag

JUNE 14, 2025

s Westcoast natural gas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The deal marks Enbridge’s fourth equity partnership with Indigenous groups, and its first involving a natural gas pipeline.

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Pipeline Natural Gas BCF Midstream 52

Valor

JUNE 23, 2025

June 23, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. In contrast, gas rigs fell by 2 to 111, which is still a gain of 13 rigs year-over-year, while the miscellaneous rig count increased by 2, bringing its total count up to 5 active rigs.

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Energy Energy Barrel Oil 52

Rigzone

JULY 8, 2025

In northwest Europe, the premium for more immediate supplies over the following month surged to $44 a ton on Friday; excluding the often volatile days when futures contracts expire, that’s the strongest since late-2022. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! All comments are subject to editorial review.

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Barrel Refinery Oil Gas 62

Enverus

APRIL 23, 2025

Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. It is also the basin that keeps giving with operators consistently adding locations by testing new zones of the prolific basins stacked pay, said Dittmar. View Report Here You must be an Enverus Intelligence subscriber to access this report.

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Upstream E&P E&A Natural Gas 162

Permian Basin Oil and Gas Magazine

MAY 27, 2025

Avigal Soreq, president, said May 7, Delek Logistics started 2025 on a strong note, enhancing our position as a premier midstream provider in the Permian Basin. We provided the best combination of yield and growth in the midstream sector with a long runway of growth driven by its advantageous position in Midland and Delaware basins.

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Basin Midstream Gas IT 52

Oil Gas Leads

APRIL 14, 2025

oil and gas sector faced a notable setback this week as the national rig count dropped by seven, bringing the total to 583 active rigsthe lowest level since early 2022. oil and gas rig activity , based on the Baker Hughes rig count for the week ending April 11, 2025: National Rig Count Summary Total U.S. April 14, 2025 The U.S.

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Oil Engineering Engineer Consulting 75

Energy Transfer

DECEMBER 10, 2024

.’s progress in reducing emissions over the past decade has come from investments made by the oil & gas industry? is because technological breakthroughs have resulted in increased domestic natural gas production to generate our nations electricity, largely replacing coal-fired generation. In fact, the No. In fact, the No.

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Gas Oil Natural Gas Midstream 52

Oil Gas Leads

APRIL 7, 2025

April 7, 2025 As the oil and gas industry continues navigating price volatility and shifting capital strategies, the latest rig count data from Baker Hughes and Enverus reveals a mixed picture. The Permian Basin, in particular, saw a notable drop, reaching its lowest rig total since February 2022.

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Basin Engineering Engineer Consulting 52

Oil Gas Leads

MAY 16, 2025

As Chord Energy refocuses on the Williston Basin, Ring consolidates CBP assets to drive low-cost, margin-rich growth. These regulatory transfers aren’t just formalities theyre indicators of whos doubling down and whos cashing out in the Permian Basin. EMMA 4 facility) in Andrews County to Ring Energy. Chord Energy).

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Energy Energy Basin Operator 52

Permian Basin Oil and Gas Magazine

APRIL 18, 2025

But despite the record, growth of crude oil exports year-over-year slowed to 1 percent in 2024 compared with 14 percent in 2023 and 21 percent in 2022. crude oil exports reach record in 2024 appeared first on Permian Basin Oil and Gas Magazine. Exports erased the record set in 2023 by exceeding an annual average of 4.1

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Crude Oil Oil Basin Barrel 59

Oil Gas Leads

APRIL 23, 2025

As the oil and gas industry continues to navigate commodity price volatility and evolving regulatory landscapes, the recent transfer of air permits from Sage Natural Resources LLC to EagleRidge Energy underscores a broader trend in the Barnett Shale: operational consolidation and strategic repositioning. This isn’t just a formality.

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Operator Basin Midstream Gas 52

Marcellus Shale Coalition

FEBRUARY 3, 2025

As our nation confronts challenges over energy reliability amid historic levels of power plant retirements, Pennsylvanias natural gas abundance and strong in-state fuel use is a model for a reliable, affordable, and cleaner grid. But natural gas barely registers in the queue for new generation power sources. We dont want blackouts.

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Natural Gas Gas Energy Energy 52

Marcellus Shale Coalition

FEBRUARY 3, 2025

As our nation confronts challenges over energy reliability amid historic levels of power plant retirements, Pennsylvanias natural gas abundance and strong in-state fuel use is a model for a reliable, affordable, and cleaner grid. But natural gas barely registers in the queue for new generation power sources. We dont want blackouts.

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Natural Gas Gas Energy Energy 52

Oil Gas Leads

MAY 21, 2025

Between 2021 and 2023, annual well counts stabilized in the 6,0008,000 range , with 2022 peaking at 8,327 wells. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. Shale Factory Model appeared first on Oil Gas Leads. shale entered its manufacturing era.

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Oil Gas Leads

MARCH 31, 2025

oil and gas rig count dipped slightly this week, falling by one to a total of 592 active rigs, according to the latest data from Baker Hughes. Notably, the Permian BasinAmericas top oil-producing regionsaw a drop of three rigs, bringing its total to the lowest level since February 2022. March 31, 2025 The U.S.

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Engineering Engineer Consulting Technician 52

Energy Transfer

OCTOBER 18, 2024

billion of adjusted EBITDA, up 5% over 2022.* billion in organic growth projects, including an eighth fractionator at Mont Belvieu NGL Complex and a new processing plant in the Permian Basin. If there was no change to the information provided in 2022, you will not find any mention of it in this report. Also invested $1.6

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Energy Energy Natural Gas Pipeline 52

Oil Gas Leads

MAY 19, 2025

oil and gas sector continues to navigate price volatility and capital discipline, the latest Baker Hughes rig count highlights a steady decline in drilling activity even as production forecasts remain bullish. bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2025 Gas production: Expected to increase to 104.9

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Engineering Engineer Consulting Technician 52

Permian Basin Oil and Gas Magazine

JUNE 2, 2025

The flurry of merger and acquisition (M&A) activity over the last two years has changed the minerals landscape in the Permian Basin, along with most producing basins in the United States. Regarding the bolt-ons and consolidation of acreage, Lee noted that Ovintiv recently divested its Uinta Basin assets in order to buy others.

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Basin E&A E&P Oil 59

Permian Basin Oil and Gas Magazine

JUNE 5, 2025

Larrys deep understanding of Williams operations and natural gas focused strategy make him the ideal candidate for our next COO, said Williams President and CEOAlan Armstrong. Carter, the current Board Chair.Williams has served as a director of the Enbridge Board since 2022.Mostly Larsen replacesMicheal Dunn, who was to retire.

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Natural Gas Operator Refinery Midstream 52

Novi

MAY 31, 2024

Below, we reflect on the deal and walk through what might be next for the play now that gas prices are back in the mid $2/Mcf range. A Quick Refresher on Haynesville Economics To be blunt, the Haynesville is essentially not economic with gas sub $3/Mcf, although we note that some pockets can work down to the $2.50/Mcf Mcf range.

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Upstream BCF Basin Engineering 52