Oil Gas Leads

JUNE 20, 2025

The Permian Basin is best known as the beating heart of U.S. What It Means for the Future The Permian Basin is no longer just an engine of oil production—it’s becoming a permanent high-load demand center for the Texas grid. oil production. power demand growth —and it’s just getting started.

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Oil & Gas 360º

APRIL 23, 2025

(World Oil) –Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil).

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Oil & Gas 360º

MAY 2, 2025

billion in the first quarter of 2024. billion for the same period of 2024. The other supermajor, Chevron, also reported its Q1 earnings today, meeting analyst expectations as its refining business returned to profit from a loss in the fourth quarter of 2024. Exxon reported on Friday first-quarter earnings of $7.7

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Rextag

MARCH 11, 2025

It covers total production figures, performance by key operators, and state-level contributions, focusing on key basins such as the Permian Basin, Appalachian Basin, Denver-Julesburg (DJ) Basin, Onshore and Offshore Gulf of America (Mexico), Williston Basin, and Greater Anadarko Basin. in 2024.

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Oil & Gas 360º

APRIL 17, 2025

ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. It complements ReconAfricas activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2

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Oil & Gas 360º

APRIL 1, 2025

(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.

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Oil Gas Leads

JUNE 11, 2025

Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Liquids” includes crude oil and NGLs.

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Permian Basin Oil and Gas Magazine

APRIL 29, 2025

marketed natural gas production remained relatively flat in 2024, according to U.S. Production growth in Permian Basin was offset by declining production in Haynesville and flat production in Appalachia. In 2024 more natural gas was produced in Appalachia than any other region 31 percent of the U.S. percent in 2024 (0.50

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Permian Basin Oil and Gas Magazine

JUNE 13, 2025

The inventory of proposed gas power plants in Texas as reported Wednesday by Environmental Integrity Project includes multiple plants in Permian Basin. generating 563 million megawatt hours of electricity in 2024 to far outpace runner-up Florida. Texas already is the largest electricity provider in the U.S.

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Oil Gas Leads

MARCH 4, 2025

The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. Production Growth Despite Fewer Rigs Oil production in the Permian Basin increased to 6.5 For the full year 2024, Midland-Odessa job growth was 0.9% , lagging behind both Texas (1.7%) and national averages (1.3%).

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Oil Gas Leads

MAY 10, 2025

Ensign T138: Operational Highlights Drilling Activity : In 2024, Ensign T138 drilled 25 wells for Diamondback Energy, primarily in Martin County, Texas. Heres the summarized activity profile for the Ensign T138 drilling rig: Total Records : 43 Quarterly Activity : Activity occurred across Q1Q4 2024, with the highest count in Q1.

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Permian Basin Oil and Gas Magazine

MAY 13, 2025

Midland-based Permian Resources last week revised 2025 guidance after making a bolt-on acquisition in northern Delaware Basin. Permian Resources expects to turn in line 275 gross wells down from the forecast of 285 earlier this year and in line with 2024 levels. The post Permian Resources acquires Delaware Basin assets from APA Corp.

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Oil Gas Leads

APRIL 8, 2025

The start of 2025 brought noticeable shifts in drilling and permit activity in the Midland Basin oil and gas sector. A look at Q1 2024 versus Q1 2025 reveals a 21.4% Midland Basin Drilling Activity Compared Top Operators in 2025Q1 Midland Basin Despite the downturn, several key players remained active: XTO Energy Inc.

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Oil Gas Leads

APRIL 9, 2025

The first quarter of 2025 in the Dealaware Basin kicked off with a significant uptick in oil and gas drilling activity across North America. increase in drilling records compared to the same period in 2024. Contractor and Rig Utilization : Q1 2024 saw 189 unique rigs in operation. 96 records OXY USA Inc.

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Oil Gas Leads

MARCH 7, 2025

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. 600 million in non-core asset sales , primarily in the Southern Delaware Basin.

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Oil News Africa

MARCH 31, 2025

XRG has successfully reached deal completion on its acquisition of Galps 10% interest in the Area 4 concession in Mozambiques Rovuma Basin, initially announced in May 2024.

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Oil Gas Leads

APRIL 26, 2025

The Midland Basin Oil Companies Directory is a compiled directory of oil & gas companies operating in West Texas that focus on the Midland Basin, one of the most prolific oil and gas-producing regions in the United States. Permian Wells Drilled 2024 Number of wells drilled in the Midland Basin in 2024.

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Oil Gas Leads

JUNE 4, 2025

Over the past 15 years, the Permian Basin has transformed the landscape of U.S. Onshore Oil Production Trends (20102024) Metric 2010 2024 % Change Total Onshore L48 Production 3.4 million b/d ( 45% from 2020) Non-Permian Tight Oil (2024): 4.1 million b/d ( 45% from 2020) Non-Permian Tight Oil (2024): 4.1 million b/d 2.1

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Permian Basin Oil and Gas Magazine

APRIL 4, 2025

Production in the state surpassed 2 million barrels per day in 2024 more than double that of 2019 (about 0.9 The three officials Garrett Golding, Diego Morales-Burnett and Kunal Patel said March 24 production in the Permian Basin in New Mexico and Texas continued to grow in 2024 to exceed 6 million b/d. million b/d).

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Oil & Gas 360º

APRIL 29, 2025

(Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc. ” About New Era Helium, Inc. New Era Helium, Inc. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America.

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Oil Gas Leads

APRIL 26, 2025

The Delaware Oil Companies Directory is a compiled directory of oil & gas companies operating in the Texas & New Mexico that focus on the Delaware Basin, one of the most prolific oil and gas-producing regions in the United States. Permian Wells Drilled 2024 Number of wells drilled in the Delaware Basin in 2024.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

SM Energy of Denver recently reported record oil production for 2024 and also a company record for yearend estimated net proved reserves. Estimated net proved reserves at yearend 2024 were 673 million barrels of oil equivalent, including 51 percent in south Texas, 34 percent in Midland Basin and 15 percent in Uinta Basin.

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Oil & Gas 360º

APRIL 9, 2025

(Oil Price) – Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters , amid efforts to reduce the costs and times of fracking at the worlds top shale basin.

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Permian Basin Oil and Gas Magazine

MARCH 24, 2025

The award, which is the highest honor conferred by the PBPA each year, is given to acknowledge the tremendous contributions individuals have given to the oil and gas industry and the communities of the Permian Basin. It is in view of that pedigree that Dennis Johnson was honored as the Permian Basin Petroleum Associations 2025 Top Hand.

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Oil Gas Leads

JUNE 9, 2025

Compressor Station – Permit #177429 Signal Peak Compressor Station , permitted in September 2024 under STDPMT rules, is located in Howard County near Big Spring  Linked to the gathering system, it supports gas boosting ahead of the Mongoose treatment plant and is included in Tejon’s full electrification strategy.

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Oil Gas Leads

JUNE 10, 2025

New well permit activity in the Permian Basin is showing signs of a notable pullback in 2025. decline compared to the same period in 2024, which recorded 4,551 permits. Period New Well Permits Jan–June 2024 4,551 Jan–June 2025 3,828 (incl. That’s a 15.9% forecast) Change –15.9%

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Oil & Gas 360º

APRIL 15, 2025

This landmark transaction marks the largest single acquisition in the companys 45-year history and significantly expands its total Permian Basin holdings. The position includes a substantial proved producing component and multi-year drilling inventory to supplement the firms existing footprint in the area. oil and gas properties.

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Permian Basin Oil and Gas Magazine

MARCH 7, 2025

Houston-based Targa Resources recently reported record production for 2024Q4 and fullyear 2024. 20 it completed its new Greenwood II plant in Midland Basin (275 million cfd) and its new Train 10 fractionator in Mont Belvieu (120,000 b/d). Targa said Feb. Targa said 2025 net growth capital expenditures will be $2.6 billion to $2.8

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Rigzone

JUNE 20, 2025

The Ahara license, awarded under the North African country’s 2024 bidding round, sits at the “intersection of the prolific Berkine and Illizi Basins”, TotalEnergies said in a press release. percent) and the Ourhoud and El Merk oil fields in the Berkine basin located in Blocks 404a and 208 (12.25

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Oil Gas Leads

JUNE 9, 2025

regulator appeared first on Oil Gas Leads.

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Permian Basin Oil and Gas Magazine

APRIL 18, 2025

Energy Information Administration said April 10 the nations crude oil exports reached a record in 2024. 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 than any other country in 2024. million barrels per day.

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Oil Gas Leads

MARCH 21, 2025

Devon Energys fourth quarter 2024 earnings call provided critical insights into the companys ambitious plans for the Delaware Basin, one of its crown jewel assets. Delaware Basin Overview The Delaware Basin continues to be the cornerstone of Devons oil and gas portfolio.

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Oil Gas Leads

JUNE 18, 2025

A Strategic Pipeline Transfer The acquisition was effective as of July 10, 2024 , and documented via a new T-4 permit submission by WBI Midstream. The system comprises a blend of natural gas gathering and transmission assets: 116.027 total permitted miles 105.19 miles of unregulated gathering lines 10.50

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Permian Basin Oil and Gas Magazine

APRIL 25, 2025

crude oil production grew by 270,000 barrels per day in 2024 to average 13.2 EIA said April 16 most of the growth came from Permian Basin. EIA reported, In 2024 the Permian region … produced more crude oil than any other region, accounting for 48 percent of total U.S. million b/d in 2024, Permian up to 6.3

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Permian Basin Oil and Gas Magazine

JUNE 20, 2025

Weekly unemployment claims rose to their highest level since October 2024, and continuing claims hovered near a four-year high. The post Energy Workforce says oilfield services sector remains “resilient” appeared first on Permian Basin Oil and Gas Magazine.

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Oil Gas Leads

MAY 20, 2025

The Permian Basin, the beating heart of U.S. Based on a combination of historical data and AI-driven time series forecasting , well permit volumes from March through May 2025 are expected to total approximately 1,790 permits a sharp decline from the 2,304 permits issued during the same period in 2024.

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Oil Gas Leads

APRIL 24, 2025

Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. 579,173 BOE/d +11% from 2023 Suncor Energy ~600,000 BOE/d capacity Oil sands operations Mid-Size Producers (100,000 499,999 BOE/d) Company 2024 Average Production Notes ARC Resources Ltd. Vermilion Energy Inc.

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