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Negative Prices, Rising Flaring Signal Pipeline Gridlock in Permian

OilPrice

Previously, we reported that natural gas at the Waha hub was selling for near-zero or sub-zero prices for much of 2024 thanks in large part to excess natural gas production in the Permian Basin coupled with limited takeaway capacity due to a shortage of gas pipelines. Consequently, Permian gas

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Global gas flaring at upstream oil and gas facilities has risen for a second year in a row, according to the World Bank’s annual Global Gas Flaring Tracker Flaring rose by 2% to 151 billion cubic meters (bcm) in 2024, the highest level in almost two decades. bcm of the additional gas flaring.

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Iraq Expands Gas Projects to Curb Flaring

Iraq Business News: Oil & Gas

As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025.

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Pantheon Resources Pushes Ahead with Dubhe-1 Drilling on Alaska’s North Slope

Oil Gas Leads

Now, Pantheon is refocusing its efforts on the Dubhe-1 appraisal well, targeting the Ahpun Topset horizon , a reservoir with 282 million barrels of liquids and 804 Bcf of gas , according to a June 2024 report by Cawley Gillespie & Associates. The Nabors 105AC rig is currently mobilizing to the site.

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Tidewater to Sell Gas Processing Assets in Alberta

Rigzone

for the sale of its Sylvan Lake gas plant and associated gas gathering infrastructure for total proceeds of approximately $4 million (CAD 5.5 The Sylvan Lake Gas Processing Facility is a non-core asset of Tidewater located in central Alberta, the company said in a news release. million in the first quarter of 2024.

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U.S. Gas Prices Ease On Record Output

OilPrice

Natural gas at the Waha hub--a regional pricing hub for gas in the Permian Basin in West Texas--sold for near-zero or sub-zero prices for much of 2024, a trend that has continued in the current year. The Permian Shale boom led to a surge in associated gas production,

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Permian Basin produced 22 percent of natural gas in U.S. in 2024

Permian Basin Oil and Gas Magazine

marketed natural gas production remained relatively flat in 2024, according to U.S. Production averaged 113 Bcfd, according to EIAs latest Natural Gas Monthly. natural gas output. In 2024 more natural gas was produced in Appalachia than any other region 31 percent of the U.S. percent in 2024 (0.50