2022 Basin Pipeline 
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.
Oil & Gas 360º
APRIL 9, 2025
This reduction followed similar cutbacks in the previous three quarters, implemented due to ongoing low natural gas prices in the Permian Basin. Natural gas prices have been climbing from the past few quarters but remain below record highs of 2022 following U.S. to be $2 per thousand cubic feet (Mcf) and $4.15 per Mcf worldwide.
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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.
Oil Gas Leads
JUNE 9, 2025
Several major basins, including the Permian and Eagle Ford, recorded new lows. Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2 Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5.
Oil & Gas 360º
JUNE 25, 2025
basins; A US$100 million commitment from a major U.S. basins; A US$100 million commitment from a major U.S.-based based oil sector investor (the ‘Investor’) to accelerate growth through the drilling activity in Zephyr’s Williston Basin non-operated asset portfolio.
Oil Gas Leads
JULY 7, 2025
The rig count is down 44% from its 2022 peak of 780 , reflecting both post-pandemic normalization and broader market hesitancy. Geopolitical risks and regulatory overhangs (especially in key basins) are making capital allocation more conservative. Strategic Shift Toward Gas: Natural gas rigs are up 7 YoY , showing resilience.
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. Beginning operations in early October, the pipeline can transport up to 2.5 Bcf/d of natural gas.
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