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million bpd in 2025, up from more than 6 million bpd in 2024, the basin “is simultaneously generating an unprecedented volume of produced water—a costly and complex byproduct of hydrocarbon extraction,” B3 Insight said earlier this year. “E&P The Railroad Commission of Texas, the energy regulator of the top U.S.
Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. Meanwhile, the South Africa National Petroleum Company (SANPC) launched in September 2024 strives to facilitate greater investment in exploration, natural gas monetization and infrastructure development.
from 2018-2024. is pleased to announce that Ron Gusek, CEO of Liberty Energy and Amerino Gatti, Executive Vice President of Oilfield Services & Equipment for Baker Hughes have been confirmed as keynote speakers at EnerCom Denver – The Energy Investment Conference. Ron holds a B.Sc.
The likelihood that hydrocarbon demand will continue to grow throughout this decade has reinforced the importance of E&P companies adding to their proved oil and gas reserves. In todays RBN blog, we analyze crucial trends from the 2024 reserve reporting of the major U.S. oil and gas producers.
In 2024 , the firm deployed about $850 million in operated and non-operated oil and gas projects in the basin, and the firms team continues to evaluate opportunities that align with its disciplined investment strategy and can deliver value to our partners. from $165 million to $300 million Fort Worth, TX U.S. oil and gas properties.
Don’t miss the celebration, sponsorship opportunities are still available. is pleased to announce its lineup of unparalleled networking opportunities at the upcoming EnerCom Denver – The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown in Denver, Colorado. and EnerCom.
Serious concerns about higher costs and lower demand have left the E&P sector in a delicate position since the implementation of new U.S. In todays RBN blog, well explore the impact of the 2024 acquisitions and commodity pricing on E&P debt and discuss the expected response to protect balance sheets.
During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. The drilling of the new well in the Somogysmson oilfield, called Som-8, began on November 25, 2024, and was completed after 33 days. MOL has ambitious E&P investment plans. In 2024, it produced an average of 93.8
por barril proyectados en el Paquete Económico 2024). por barril proyectados en el Paquete Económico 2024). El documento concluye que un cierre de Hormuz sería uno de los mayores shocks petroleros del siglo, con consecuencias globales e implicaciones estratégicas para países productores como México.
Its royalty-focused, asset-light model stands out versus traditional E&Ps like Diamondback, offering high efficiency and lower risk. Viper Energy (VNOM) presents a compelling case for investors seeking exposure to the energy sector through a mineral rights business model. It was finally signed in January 2025 and will complete in Q2 2025.
Fieldwood Energy elev su produccin en Ichalkil y Pokoch a 11,500 barriles diarios en enero de 2025, con planes de perforacin e inversin de 523.24M USD este ao. Fieldwood Energy E&P Mxico ha logrado un aumento significativo en la produccin de crudo en los campos Ichalkil y Pokoch, alcanzando 11,500 barriles diarios en enero de 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. In Q4 2024 , Mach’s production averaged 86.7
Tethys Oil, now under Chinese ownership, is shifting its focus in Oman away from its only producing asset Blocks 3&4 (CCED 50%op, Tethys 30%, Mitsui E&P 20%), where output continues its steady downwards trajectory, hitting a decade-low 27,000 b/d for 2024.
UpCurve Energy Valeura Energy (TSX: VLE) Verde Energy Solutions Vermilion Energy (TSX/NYSE: VET) Vitesse Energy (NYSE: VTS) Whitecap Resources (TSX: WCP) Zephyr Energy (AIM: ZPHR; OTCQB: ZPHRF) Companies continue to be added to the schedule daily. Benefitting IN! Venue: Westin Denver Downtown. Please book rooms under the EnerCom Denver block.
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc.
ConocoPhillips, one of the world’s largest independent E&P companies, is undergoing a significant transformation in 2025. 394 MBOED of production on a proforma Q4 2024 basis. Despite maintaining flat activity levels, the company achieved: 833,000 boe/d in Q4 2024 production.
As the clock approached midnight on December 31, E&P managements and shareholders likely clinked champagne flutes to celebrate a remarkable four years of prosperity for an industry that had been nearly shattered by two decades of periodic financial crisis. In todays RBN blog, well review the cash-allocation strategies used by U.S.
Publisher’s Note: New Era Helium will present at EnerCom DenverThe Energy Investment Conference on August 17-20, 2025. Register to attend. Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc. Additional updates will be provided in the coming weeks. Will Gray II, CEO of New Era Helium, Inc.,
Rapid Growth of Data Analytics Segment: The Lease Agreement is expected to deliver approximately $14 million in high-margin rental revenue to Flotek during 2025, representing a 60% increase in segment revenue, as compared to 2024. million generating segment operating income estimated to exceed Flotek’s total adjusted EBITDA (1) in 2024.
The following blog is distilled from Intelligence Research (EIR) publications and EIRs very own Andrew Dittmars media statements on the Diamondback acquisition. Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] million per location. [2] million per location. [2]
Yearly Production Analysis: 2022-2024 The table below summarizes the yearly production trends for the basin: Year Oil (MMBBL) Gas (BCF) BOE (MMBOE) 2022 1,943 1,282 3,226 2023 1,905 1,237 3,142 2024 1,912 1,254 3,165 Key Observations: Oil production declined by 2.0% in 2024 , indicating a return to growth.
opera el proyecto Ballymore con una participacin del 60% mientras que el copropietario, TotalEnergies E&P USA, Inc., Para satisfacer esa demanda, necesitamos contar con una cartera de diversas opciones, y esta es una de ellas dijo Israel Wright, ingeniero de hardware e instalacin submarina de Ballymore.
Since midyear 2024, Chevron has started production from its industry-first Anchor project and non-operated Whale project and commenced water injection to boost output at its operated Tahiti and Jack/St. Co-owner TotalEnergies E&P USA, Inc. The development is Chevrons first in the Norphlet trend of the Gulf.
Cornelius commented: Founding CanCambria as an international unconventional resource E&P company has been one of the highlights of my career. From 2015 to 2024, Mr. Pierce was CEO and Director of TAG Oil Ltd., Mr. Toby Pierce will be joining the Board of CanCambria as a Non-Executive Director.
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc.
(Oil & Gas 360) – Join us as we celebrate three decades of bringing together the energy industrys companies, investors, analysts, and industry leaders! The conference kicks off with the annual Charity Golf Tournament on Sunday, August 17th. The golf event is sponsored by global sponsor Netherland, Sewell & Associates, Inc.,
(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.
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.
Transaction Highlights Transforms EOG into a leading Utica E&P The acquisition of Encinos 675,000 net core acres significantly increases EOGs Utica position to a combined 1,100,000 net acres, representing more than two billion barrels oil equivalent of undeveloped net resource. Register to attend. billion of debt and $2.1
Actually, it was in late 2024 that the wireline sector witnessed a big move, when Axis Energy Services merged with Brigade Energy Services to create what the combined company—Dallas-based Axis Energy Services LLC —described as the largest well servicing company in America. Pintail’s 2024 revenues topped more than $400 million.
Additional risk factors that may affect future results are contained in Shell plcs Form 20-F for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov ). Notes to editors The U.S. Shells U.S. Readers should not place undue reliance on forward-looking statements.
De acuerdo con estimaciones de la Agencia de Informacin Energtica del Departamento de Energa de Estados Unidos (EIA, por sus siglas en ingls), entre 2024 y 2028 las nuevas inversiones en infraestructura de GNL en Amrica del Norte duplicarn la capacidad exportadora de la regin al pasar de 11.4 Y esto no es un tema menor. Pero qu es el GNL?
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. The result? A growing backlog of approved well licenses that have yet to be turned into producing wells.
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. Petroliam Nasional Bhd.’s
This transaction positions Viper to compete for capital with mid and large cap North American E&Ps; except with higher margins, minimal operating costs, and the lowest dividend breakeven in the space. (Oil & Gas 360) –MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. billion as of March 31, 2025.
. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. Under the terms of the Agreement, Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held. .”
In September 2023, the parties entered into a Consent Decree that requires the EPA to take final action by September 23, 2024. The VIDA, enacted in December 2018, will standardize incidental discharge permits and regulations, replacing the 2013 Vessel General Permit (“VGP”) that commercial vessels are currently required to follow.
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. By 2024, SM had become one of the largest Chalk developers in the far western Eagle Ford region. According to the U.S. Bcf/d by 2026. Whos Leading the Charge?
Skip to main content Seizing the agentic AI advantage June 13, 2025 | Report A CEO playbook to solve the gen AI paradox and unlock scalable impact with AI agents. (28 28 pages) At a glance Nearly eight in ten companies report using gen AIâyet just as many report no significant bottom-line impact. This shift enables far more than efficiency.
holding a 60% working interest, with TotalEnergies E&P USA, Inc. Since mid-2024, the company has brought online several major assets: Anchor Project Chevrons industry-first high-pressure project, also in the deepwater Gulf Whale Project A non-operated deepwater development brought online successfully Tahiti and Jack/St.
Kleberg County: In December 2024, the county had 107 producing leases and 10 producing operators, with 6,273 drilled wells. Urban Oil & Gas Group, LLC, a Plano, Texas-based energy investment firm, has recently updated a pipeline operation permit from the Railroad Commission of Texas. miles PA (Pipeline Addition): 27.00 Regulated Miles: 0.00
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%.
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. By 2024, SM had become one of the largest Chalk developers in the far western Eagle Ford region. According to the U.S. Bcf/d by 2026. Whos Leading the Charge?
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