Oil Gas Leads

JULY 21, 2025

oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in natural gas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.

Natural Gas

Oil & Gas 360º

JULY 1, 2025

(BOE Report) – Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. per mmBtu in February is also higher than any price recorded in 2024 and was the most since December 2023. Total imports of the super-chilled fuel were 208.62

Natural Gas

Oil & Gas 360º

JUNE 23, 2025

TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month. The leading three cities by total unique oil and natural gas job postings were Houston (2,064), Midland (546) and Odessa (398), said TIPRO.

Gas

McKinsey

JULY 17, 2025

” McKinsey, March 21, 2023. Another option—carbon-capture technology added to natural gas plants—faces challenges in becoming cost-competitive. Natural gas paired with carbon capture technology is expected to remain the most costly clean, firm technology in the coming decade absent a breakthrough.

IT

Permian Basin Oil and Gas Magazine

AUGUST 1, 2025

This builds on a strong performance in 2023, when energy M&A deals reached $52 billion, an increase of over 50 percent from 2022. The natural gas subsector is leading this growth, accounting for nearly 60 percent of all completed deals and over 70 percent of total transaction volume since 2022 (see chart).

Energy

Oil & Gas 360º

JUNE 27, 2025

(World Oil) – Tokyo Gas Co. liquefied natural gas suppliers to secure a long-term purchase agreement, as rising energy demand leaves Japan increasingly dependent on the fuel source. Japan’s largest gas distributor is in talks with at least four companies over supply from projects dotting the U.S. gas production.

Gas

Marcellus Drilling News

JUNE 24, 2025

Yesterday, the Pennsylvania Public Utility Commission (PUC) announced the distribution of $164,592,500 in natural gas impact fees collected from producers for the 2024 reporting year. The bad news is that the impact fee raised $15 million less than it did in 2023, the prior year.

Natural Gas

Oil & Gas Journal

JULY 28, 2025

In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of natural gas. The Perito Moreno gas pipeline and compression plants at Tratay én and Saliquel ó added a combined 10 million cu m/day between August 2023 and October 2024.

Basin

Marcellus Shale Coalition

JUNE 9, 2025

These responses, authored by MSC President Jim Welty, push back on misleading claims and offer a reality check on the critical role natural gas continues to play in delivering environmental progress, energy security and economic growth for Pennsylvania. trillion in public health benefits to Pennsylvania residents between 2005-2023.

Natural Gas

Enverus

JUNE 18, 2025

In the report, EIR evaluates the economics of these plants, including what power prices are needed to make these new gas-fired projects feasible. Given the challenges of new natural gas builds, EIR believes more companies in the TEF may exit to pursue M&A opportunities instead.

Supply Chain

Oil & Gas 360º

JULY 18, 2025

The Hess deal, announced in October 2023, was delayed after Exxon, which holds a 45% stake in Stabroek, and the field’s third partner CNOOC argued that they had a contractual right of first refusal to purchase Hess’s stake in the block. But Exxon regained ground in 2010 with its $41 billion acquisition of natural gas producer XTO.

Oil

Oil Gas Leads

JULY 8, 2025

Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. This report profiles 36 active operators —each of which has spud at least one new well since 2023 —providing a detailed look at production volumes, drilling activity, core acreage, and strategic focus.

Basin

Valor

JUNE 9, 2025

Read more Natural gas price outlook – Natural gas gaps lower to start the week Summary : Natural gas prices opened the week with a gap lower amid weak demand and uncertainty over U.S. energy production hit a record high of over 103 quadrillion British thermal units, up 1% from 2023. exports to Europe.

Energy

Oil & Gas Journal

JULY 25, 2025

Since 2022, natural gas markets have experienced a series of extremes, including both unusually high and low inventory levels, which contributed to elevated price volatility. At the end of first-quarter 2025, US Lower 48 natural gas storage volumes were 4% lower than the 5-year average. 24, 2025.

Natural Gas

Permian Basin Oil and Gas Magazine

AUGUST 1, 2025

According to data from Bureau of Land Management for fiscal years 2020 through 2023, activity in New Mexico accounted for a majority of drilling permits and well bores started on onshore federal lands. Natural gas production from onshore federal lands also increased in recent years, but at a similar rate to overall U.S.

Crude Oil

Valor

JULY 21, 2025

Read more US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Summary : For the first time in 12 weeks, the U.S. oil and gas rig count rose, climbing seven to 544 as of July 18, the largest weekly gain since December but still down 7% year-over-year. year low of 422.

Energy

BOE Report

JUNE 20, 2025

energy firms this week cut the number of oil and natural gas rigs operating for an eighth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell [Read more]

Rig Operator

Valor

JUNE 30, 2025

Read more Oil set for steepest weekly decline in two years as risk subsides Summary : Oil was set for its steepest weekly drop (~12%) since March 2023 as Mideast risk premium evaporated, with Brent crude falling from over $80 during the 12-day conflict to $68.15. This comes as California gas prices hit $4.61 in 2023 to 46.4

Energy

Rigzone

JUNE 5, 2025

Petronas’ net income slid 32% in 2024, following a 21% drop in 2023. Petronas wants to maintain its market share as one of the world’s top five liquefied natural gas suppliers, as it expects LNG demand to reach 600 million tons within the next decade. Otherwise, “we will be rendered irrelevant,” he said.

Natural Gas

Rigzone

JULY 31, 2025

Bcfe for Q1 also boosted results for the Marcellus and Utica natural gas producer. Gas sales totaled 156.3 Bcfe, natural gas liquids (NGLs) 11.1 million in net profit for Q2, rebounding from two consecutive quarters of losses. Higher sales volumes of 167.6 billion cubic feet equivalent (Bcfe) compared to 147.8

Condensate

Rigzone

AUGUST 1, 2025

“The ‘OPEC+ eight’ (the eight members who agreed additional voluntary output cuts in November 2023) meet on August 3, and we expect a decision to complete the unwind of that tranche of cuts, adding back 548,000 barrels per day to September targets,” the analysts said in the report.

Barrel

Rextag

JULY 25, 2025

GW of cancellations, and nearly 2 GW of natural gas generation was also affected. At the state level, efforts are underway to support the expansion of natural gas capacity. In contrast, over 360 MW of natural gas capacity was retired. Solar projects saw 3.5

Energy

Enverus

JULY 3, 2025

The heat dome’s impact draws parallels to Texas’ 2023 heat wave, where renewables and storage met up to 80% of ERCOT’s peak load. EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. Enverus Intelligence® | Research, Inc.

Maintenance

Rigzone

JULY 3, 2025

The online platform allows EU buyers to offer demand for biomethane, natural gas, hydrogen and raw materials. The Gas Mechanism is expected to replace AggregateEU, a mechanism in which gas suppliers compete to book demand placed by companies in the EU and its Energy Community partner countries. billion cubic feet).

Mechanic

Oil Review Middle East

JUNE 11, 2025

At the Das Island liquefaction facility, Petrofac will provide EPCM services and oversee procurement and construction contracts to build a new inlet facility, two new gas dehydration and compression trains, each with a capacity of 420 million standard cubic feet per day (MMSCFD), and associated infrastructure.

Gas

Rigzone

JULY 21, 2025

Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA EIA Reveals Latest USA Crude Oil Production Forecast by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 8:27 AM EST The U.S. “It also excludes Haynesville and Appalachia, which primarily produce natural gas.

Crude Oil

McKinsey

JULY 10, 2025

“ETS database v51,” European Environment Agency, May 2023. 2 “Commission decision (EU) 2023/1575 of 27 July 2023 on the union-wide quantity of allowances to be issued under the EU Emissions Trading System for 2024,” Official Journal of the European Union , July 31, 2023. ” European Commission, January 2023.

Transportation

Rigzone

JUNE 19, 2025

Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.

Exploration and Production

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Iraq Agrees on Oil Plan With Kurds by Bloomberg | Khalid Al-Ansary | Thursday, July 17, 2025 | 4:00 PM EST Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad.

Oil

BOE Report

JUNE 6, 2025

energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell [Read more]

Rig Operator

Rigzone

JULY 3, 2025

“We expect ministers will continue the unwinding of the November 2023 tranche of cuts, increasing targets by 411,000 barrels per day for the fourth successive month,” the analysts said in the report. million barrels per day,” they added. million barrels per day in the third quarter of this year and a 0.2

Barrel

Rigzone

JUNE 11, 2025

“The FID and contract awards for the first phase of the Rich Gas Development project mark a significant milestone in ADNOC Gas’ strategy to deliver +40 percent EBITDA [earnings before interest, taxes, depreciation and amortization] growth between 2023 and 2029”, ADNOC Gas chief executive Fatema Al Nuaimi said.

Gas

Rigzone

JULY 9, 2025

“We look forward to engaging with Interior to leverage new technologies to support more efficient and responsible oil and natural gas production on federal lands”, the lobby group’s upstream policy vice president, Holly Hopkins, said in a statement. To contact the author, email jov.onsat@rigzone.com WHAT DO YOU THINK?

Exploration and Production

Rigzone

JUNE 20, 2025

In 2023 TotalEnergies and Sonatrach signed an agreement to raise gas production in the Tin Fouye Tabankort II and Tin Fouye Tabankort Sud fields in the south of Algeria. TotalEnergies’ other producing fields in Algeria are the Timimoun gas fields (37.75 square miles) onshore Algeria. TotalEnergies owns 26.4 percent).

Exploration and Appraisal

Rigzone

AUGUST 4, 2025

This would be due to the growth of renewable energy rather than an increase in liquefied natural gas (LNG) imports, the Institute for Energy Economics and Financial Analysis (IEEFA) said. percent rebound in 2024, natural gas generation remained less than in every year between 2007 and 2021”, it said.

Natural Gas

Oil Gas Leads

JUNE 11, 2025

Top 10 Oparators in Oklahoma by Wells Drilled (June 2025) Company Oklahoma Production Oklahoma CapEx Active Rigs (Drilling) Ovintiv ~91 MBOE/d (Q1 2025; ~55% liquids) ~$300–$325 MM planned 2025 ~1–2 rigs (added one in early 2025) Mach Natural Resources (Mach) ~86.7 Liquids” includes crude oil and NGLs. CapEx = capital expenditures.

Operator

CNBC: Energy

JUNE 21, 2025

consumers spent an average of about $1,760 on electricity in 2023, according to the EIA, which cited federal data from the Bureau of Labor Statistics. in 2023, the Energy Department said. has moved away from fossil fuels like coal, oil and natural gas to reduce planet-warming greenhouse-gas emissions.

Finance