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June 2025 WBI Midstream LLC, a subsidiary of WBI Energy and part of the MDU Resources Group, has officially acquired the Longhorn Gathering & Transmission System from Enerfin Resources II-92 , adding a strategic 116-mile pipeline footprint across Archer, Clay, and Wichita Counties in Texas. What’s Included in the Deal?
(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.
Led by co-CEOs Will Hickey and James Walter—both under 40—Permian Resources has quickly become the largest pure-play producer in the Delaware Basin, proving that bold strategy and disciplined execution still win in a volatile market. It’s now the largest pure-play oil company in the Delaware Basin (Texas/New Mexico). 1762 in 2025.
The Permian Basin is best known as the beating heart of U.S. Driven by the electrification of oil & gas operations , midstream expansion, and rising residential demand, the Permian is now among the largest contributors to U.S. GW of Permian Demand According to analysis from Rystad Energy, the Permian Basin’s current 7.5
The EPIC Crude Pipeline, which stretches from the prolific Permian Basin in West Texas to Corpus Christi, has operated above its original nameplate capacity for more than a year, with volumes rising in recent months. Owner EPIC Midstream in April sold its NGL pipeline to Phillips 66 for $2.2
With this new infrastructure, NEH Midstream LLC, New Era Heliums wholly owned subsidiary, aims to minimize methane emissions, positioning its production for RSG certification and enhancing the value of its helium as RSH , a designation trademarked by the Company. (Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc.
Of the top ten companies listed by unique job postings last month, five companies were in the services sector, two midstream companies, one in the gasoline stations with convenience stores category, one petroleum refinery company and one oil and gas operator. million bpd in 2024, 2 percent more than the previous record set in 2023.
is charging ahead with its strategy to enhance midstream performance and integrated growth, announcing major new developments during its Q1 2025 earnings call on April 25. It will gather and process natural gas from both the Midland and Delaware basins. Phillips 66 Co.
Its role as an anchor tenant in the Bakken ensures basin-wide stability and investor confidence. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
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.
has strengthened its position in the Permian Basin with the strategic acquisition of Silverback Exploration II LLC, adding high-margin production and a deep inventory of undeveloped locations in the prolific Yeso Trend. 31, 2024): Net Acreage: 58,270 net acres Producing Wells: 612 net wells 2024 Avg.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. London, Mexico City, and Shanghai.
from 2018-2024. netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
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.
bcf/d in 2024 (up from 8 bcf/d in 2023), LNG Canada’s launch could redirect volumes to global buyers , potentially easing U.S. Diversified market access: Canadian producers gain direct access to Asia-Pacific markets , reducing reliance on U.S. export pipelines. Trade flow shift: With Canadian gas exports to the U.S. averaging 8.6
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.
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.
Boosting Permian Basin Efficiency, Not Headcount Chevron is doubling down on capital efficiency in the Permian Basin. Even with Q1 2025 rig activity down 24% year-over-year, production rose 12%—thanks to techniques like triple-frac completions , longer laterals, and automation.
The midstream energy sector is undergoing a transformative shift. This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. With 6,000 wells drilled in 2024 , this region remains the largest driver of U.S.
Bcfd in 2024. In its latest natural gas pipeline projects tracker, EIA said major projects in Permian, Eagle Ford in south Texas, Appalachia and Haynesville included Matterhorn Express pipeline operated by Whitewater Midstream that can deliver up to 2.5 Bcfd of natural gas from Permian Basin to Katy.
Permits from January to June 2025 are up ~20% compared to the same period in 2024 (based on actuals plus forecasted June volumes). The trend is consistent across key producing areas such as Lloydminster, Cold Lake, and Peace River.
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
The Denver-Julesburg (DJ) Basin continues to stand out as one of the most consolidated and cost-effective oil and gas plays in the U.S. While it lacks the scale of the Permian or Eagle Ford, the DJ offers operators attractive breakeven costs, strong midstream infrastructure, and a strategic position for gas-weighted growth.
Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand.
The first quarter of 2025 saw a notable slowdown in oil and gas drilling activity compared to the same period in 2024. decrease from 422 wells in Q1 2024. Compared to Q1 2024 appeared first on Oil Gas Leads. Compared to Q1 2024 appeared first on Oil Gas Leads.
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.
The Permian Basin continues to solidify its role as the driving force behind U.S. With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. Expansion of sour gas treating facilities in the Delaware Basin. oil and gas production.
communities to date; Consumer savings top $10 billion in 2024 PITTSBURGH, PA – June 23, 2025 – Pennsylvania’s natural gas impact fee, the state’s tax on natural gas development, generated $164.5 million in 2024, the Pennsylvania Public Utility Commission (PUC) announced today. Nearly $3 billion generated for Pa.
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.
All in all, were looking at refining margins for the first-quarter of this year that are better than 2024, even as upstream margins weaken and the industry at large expresses concern over a cooling global oil demand outlook. Delek US posted a deeper-than-expected net loss of $173 million, citing market softness and operational headwinds.
On November 6, Energy Transfer reported its financial results for the third quarter of 2024 with an earnings call hosted by co-CEOs Tom Long and Mackie McCrea, and CFO Dylan Bramhall. Tom Long, co-CEO, Energy Transfer Q3 2024 Financial Highlights* More highlights from the earnings call are below. billion compared to $3.54
As the year draws to a close and the festive season surrounds us with cozy blankets, steaming mugs of cocoa, and the sparkle of holiday lights, its the perfect time to pause, reflect, and unwrap the biggest highlights of 2024. Fact: Hesss Guyana operations were so lucrative that some analysts called this deal the crown jewel of 2024.
In a new white paper titled What Remains: North American Upstream Inventory, energy private equity firm Kimmeridge outlines which shale basins have the best runway for returns over the next 10 yearsand why the spotlight is now turning to Canada. Kimmeridge projects this basin to move into third place in well economics over the next decade.
Karnes County continues to be a key player in the Eagle Ford Shale, with 2024 and early 2025 activity highlighting both steady drilling operations and new infrastructure development. Drilling Activity Overview In 20242025, ConocoPhillips Company has led the way with 154 wells drilled, far outpacing other operators.
The group, known as the Stonlasec8 Indigenous Alliance LP, secured CA$400 million in loan guarantees from the newly launched Canada Indigenous Loan Guarantee Corporation (CILGC), a federal entity created in December 2024 to help Indigenous communities gain access to capital and participate in major infrastructure projects. midstream assets.
On February 11, Energy Transfer reported its financial results for the fourth quarter and year ended 2024 with an earnings call hosted by co-CEOs Tom Long and Mackie McCrea. Mackie McCrea, co-CEO, Energy Transfer Full Year and Q4 2024 Financial Highlights* More highlights from the earnings call are below. billion compared to $3.6
ConocoPhillips is reportedly preparing to sell its oil and gas assets in Oklahomas Anadarko Basin, aiming to raise over $1 billion as part of a broader divestment strategy. The assets, acquired through the $22.5 Oil & Gas Dirctory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
This was another good quarter for Energy Transfer, with adjusted EBITDA growing 6% over Q1 2024. We saw strong volumes through our midstream gathering, crude gathering, natural gas interstate and NGL pipelines, as well as through our NGL fractionators. billion, up 6% compared to the first quarter of last year. Interstate Natural Gas.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. London, Mexico City, and Shanghai.
billion in Q1 2024. Notably, Permian Basin production rose 12% year-over-year , despite rig count pressures. Asset Pruning : East Texas gas assets and midstream facilities were sold, streamlining the portfolio. Capital Expenditures Down, Yet Production Holds Strong In Q1 2025, Chevron reported $3.9
After a quieter second half in 2024, the Texas oil and gas sector is showing strong signs of recovery in the first quarter of 2025. Thats a notable uptick compared to the average monthly volume seen in late 2024.
While overall industry activity declined from 2023 to 2024 (-15%), 2025 shows signs of a modest rebound. The projected total for the top 10 in 2025 is slightly above 2024 levels, suggesting stabilization in drilling programs after last years pullback. Most top performers are Permian-focused , continuing to dominate U.S. shale output.
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