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(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields. The company also strives to unlock the potential of the Orange Basin.
(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). The high-quality operator footprint enhances production visibility and long-term value creation.
(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).
from 2018-2024. The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America. Gatti served on the Board of Helix Energy Solutions Group, Inc. London, Mexico City, and Shanghai.
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.
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
The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America. The Company also owns non-operated interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.
Producers last month also paid $227 million to the state in natural gas production taxes, up 26 percent from May 2024. million bpd in 2024, 2 percent more than the previous record set in 2023. million bpd in 2024, 2 percent more than the previous record set in 2023. Additionally, TIPRO points to recent data from the U.S.
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). ANPG is Angolas national concessionaire and regulator.
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.
(Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc. In parallel, NEH is finalizing design optimizations with its plant manufacturer, Arjae Design Solutions, focusing on enhancing helium purity at the plant’s tailgate. Additional updates will be provided in the coming weeks. Will Gray II, CEO of New Era Helium, Inc.,
ConocoPhillips, one of the world’s largest independent E&P companies, is undergoing a significant transformation in 2025. Here are the top 5 themes emerging from ConocoPhillips’ recent strategic moves: Permian Basin Account Directory – $19 Buy Now Includes: Account Name, Phone, Address, Website, Wells Drilled… 1.
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.
With a strong footprint in the Delaware Basin and a management team unafraid to act decisively, the remainder of 2025 looks poised to deliver focused growth. The company sold midstream assets in Reeves County to Kinetik Holdings for $180 million, freeing up capital and sharpening its focus on core E&P operations.
(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.
million for the Company after publication of the Company’s audited results for the year ended 31 December 2024 by 30 June 2025, subject to the passing of the Resolutions. basins; A US$100 million commitment from a major U.S. basins; A US$100 million commitment from a major U.S.-based million gross.
Its royalty-focused, asset-light model stands out versus traditional E&Ps like Diamondback, offering high efficiency and lower risk. Viper’s reliance on Diamondback, which operates over 70 percent of its Midland Basin royalty acres, introduces concentration risk and could limit flexibility if Diamondback’s priorities shift.
Compared to March 2024, last months activity was 20.3% The three Permian basin districts7C, 8 and 8Acomprised 67.3% in March 2024. in March 2024. The distribution of wells in these categories was roughly the same in March, as it was in January. The figures a year ago included 689 oil wells, 183 gas wells and 19 dry holes.
Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] billion deal represents one of the last significant private positions in the Midland Basin and leaves very few remaining opportunities for mid-sized operators to acquire high-quality inventory. [1]
The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America. The Company also owns non-operated interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.
(World Oil) –Vista Energy has acquired Petronas’ 50% stake in a region of the Vaca Muerta shale basin in a deal valued at $1.5 As of December 31, 2024, it had 247 wells on production. billion USD. LACh spans across 46,594 acres in the black oil window of Vaca Muerta.
Perhaps all four are at work today in the wireline industry in the Permian Basin, but certainly the fourth factor—consolidation—is making itself felt. Pintail is headquartered in Midland and is a leading provider of wireline services in the Permian Basin. Pintail’s 2024 revenues topped more than $400 million. on April 15.
Ballymore is an example of how we are leveraging technology and driving efficiencies to help produce affordable, reliable energy from the deepwater Gulf of America, one of the lowest carbon intensity oil and gas producing basins in the world, said Brent Gros, vice president, Chevron Gulf of America. Co-owner TotalEnergies E&P USA, Inc.
Our team has worked exceptionally hard to crack the code to deliver highly economic production from this under-explored basin, and with today’s news I believe we have made huge strides forward. With the publication of this announcement, this information is now considered to be in the public domain. the “Paradox project”).
The Dallas-based E&P announced in its Q1 2025 earnings that it will reduce its rig count midyeardropping from nine to eightciting weaker commodity prices and an uncertain macroeconomic outlook. Drilling Trends: Q1 2024 vs Q1 2025 Matadors strategic shift is part of a broader pattern across the U.S. Matador Resources Co.
About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana , where the Company holds petroleum licences comprising ~8 million contiguous acres. Actual future results may differ materially.
existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5 mboe/d) Approximately 16.1
For example: Ovintiv Canada ULC holds 93 permits from 2024 alone with no recorded drilling activity. Looking Ahead If historical patterns hold, many of the 2023 and 2024 permits may turn into drilling activity in 2025 and beyond. A growing backlog of approved well licenses that have yet to be turned into producing wells.
The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America. The Company also owns non-operated interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.
This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets, said Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG. Box 4362, Houston, Texas 772104362 (Attn: Investor Relations).
Kleberg County: In December 2024, the county had 107 producing leases and 10 producing operators, with 6,273 drilled wells. The pipeline system comprises two active segments: OM (Other Modification): 38.55 miles PA (Pipeline Addition): 27.00 Regulated Miles: 0.00 Unregulated Miles: 65.54 Amendments: OM (Other Modification): 38.55
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the Zephyr’s flagship asset is an operated 46,000-acre leaseholding located in theParadox Basin,Utah.
Ballymore is an example of how we are leveraging technology and driving efficiencies to help produce affordable, reliable energy from the deepwater Gulf of America, one of the lowest carbon intensity oil and gas producing basins in the world, said Brent Gros, Vice President of Chevron Gulf of America. owning the remaining 40%.
It has made four oil and gas discoveries, all in Block 52: Sloanea-1 in 2020, Roystonea-1 in 2023 and Fusaea-1 and Sloanea-2 in 2024. In March 2024, Staatsolie and the Block 52 partners agreed to further explore the Sloanea area for potential gas production, leading to the Sloanea-2 discovery. Paradise Oil Co. Exxon Mobil Corp.
Below, we break down Q1 2025 reports from Equinor , BP , Hess , and Northern Oil and Gas (NOG) , with a side-by-side comparison of production and net income, and a clear snapshot of how they stacked up against Q1 2024. This represents a slight decline compared to 2,164 mboe/d in Q1 2024 a decrease of about 1.9%.
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8
poised to expand LNG export capacity , interest in gassy basins has surged. billion cubic feet per day (Bcf/d) in 2024 to 7.0 In 2024, the company produced about 475 MMcf /d in the countyan impressive 74% of which came from Austin Chalk wells. Bcf/d in 2024 to over 26.8 According to the U.S. Bcf/d by 2026.
poised to expand LNG export capacity , interest in gassy basins has surged. billion cubic feet per day (Bcf/d) in 2024 to 7.0 In 2024, the company produced about 475 MMcf /d in the countyan impressive 74% of which came from Austin Chalk wells. Bcf/d in 2024 to over 26.8 According to the U.S. Bcf/d by 2026.
The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S. Weve never been in a position before where we were on the back-half of the inventory story of a burning basin, Novi Labs head of research Brandon Myers said. (BOE Report) – U.S. TAPPED OUT?
In 2024, Westshore received $13.76 In 2024 margins have been 47% and the last two quarters have exceeded 50%. Source: Teck Resources May 2024 Presentation Could these volumes go away? As much as 30% of the coal loadings at the terminals can come from the Powder River Basin in the United States. per tonne loaded.
The Chinese economy struggled throughout 2024 despite government stimulus to try to jump start growth. In 2024, the wave of acquisitions continued. In this favorable environment, private companies in multiple basins realized significant returns for their investors by exiting their commitments. And then theres China to consider.
And a 2024 industry survey by the Federal Reserve Bank of Dallas showed that drillers require oil prices of between $59 and $70 to drill a new well, depending on the basin. The CEO of U.S. producer OXY Energy Services warned that oil prices below $60 a barrel would likely force small drillers to reduce activity. Benchmark U.S.
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