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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?
Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. Producers last month also paid $227 million to the state in natural gas production taxes, up 26 percent from May 2024.
This acquisition underscores Riley’s commitment to long-term development in the Northwest Shelf and complements its recent investment in regional midstream gas infrastructure. 31, 2024): Net Acreage: 58,270 net acres Producing Wells: 612 net wells 2024 Avg.
(Oil Price) –Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 At the end of 2024, EQs Rice said he was bullish on the short and long-term gas demand prospects as power utilities scramble to provide electricity to the new data centers.
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. Midstream Infrastructure: Driving the Demand Curve This structural growth is clearly reflected in regulatory filings. Breaking Down the 7.5 13 ONEOK, Inc. –
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.
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.
Year-to-Date Totals: 2024 (JanMay) : 1,879 permits 2025 (JanMay, including forecast) : 2,176 permits Change : +15.8% Together, these infrastructure milestones are reshaping market access and incentivizing upstream investment, especially in gas-weighted plays tied to global LNG demand.
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
Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. The data reflects both oil and gas output, offering a high-level look at market leaders, operational growth, and emerging trends in Canadian upstream development. 102,012 bbl/d (bitumen) SOR of 2.39
Aethon has agreed to purchase Tellurians upstream assets for (US) $260MM below street estimates, which ranged from $270MM to $500MM. Despite the market’s dislike of the purchase price, Tellurians upstream assets were in the middle of the pack. The deal is good for the company despite the market reacting poorly to the sale price.
increase in drilling records compared to the same period in 2024. Delaware Q12024 vs Q12025 Comparison Key Takeaways: Drilling Records : Q1 2024 : 809 records Q1 2025 : 962 records This notable rise reflects continued momentum in upstream investment and drilling operations, particularly in major producing basins.
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. London, Mexico City and Shanghai.
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.
While specific monthly figures for 2024 and 2025 are not detailed here, the overall trend suggests consistent interest in the region’s potential. The company plans to invest between $130 million to $150 million in its Western Haynesville midstream system, aiming to enhance its infrastructure to support ongoing and future operations.
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. London, Mexico City and Shanghai.
With drilling operations gaining momentum, the sector is signaling a more aggressive operational stance compared to the start of 2024. Q1 2025 vs Q1 2024: A Clear Increase Comparing quarterly results: Quarter Drilling Activities Q1 2024 52 Q1 2025 71 There was a 36.5% increase in drilling activity in Q1 2025 compared to Q1 2024.
Quarter-Over-Quarter Growth CNRL recorded 121 drilling activity records in Q1 2025 , up from 114 in Q1 2024. This 6% increase highlights CNRLs steady investment in upstream operations, even amid a broader environment of cautious capital spending. Subscribe to our weekly newsletter for data-backed updates across Canadas energy sector.
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.
British Columbias upstream oil and gas sector has seen a surge in well permitting activity over the last few yearsbut drilling activity hasnt kept pace. For example: Ovintiv Canada ULC holds 93 permits from 2024 alone with no recorded drilling activity. The result? Who Holds the Backlog? PETRONAS Energy Canada Ltd.
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.
The company recorded 266 drilling operations in Q1 2025, marking a 9% increase from 244 in Q1 2024 Oil Gas Leads. Production and Capital Investment Looking ahead, Cenovus forecasts an upstream production range of 805,000 to 845,000 barrels of oil equivalent per day (BOE/d) for 2025, representing a 4% increase compared to 2024 Cenovus Energy.
en diciembre de 2024 a 49.2% El reporte tambin destaca que, pese a esta cada, se observ una mejora en la proporcin del Saldo Histrico de los Requerimientos Financieros del Sector Pblico (SHRFSP) respecto al PIB, que pas de 51.4% en marzo de 2025. Esta reduccin se debe principalmente a una contraccin en la deuda interna.
Principales puntos financieros de Pemex: Reduccin de deuda : Al 30 de septiembre de 2024 , la deuda financiera de Pemex se ubic en 97.3 La mandataria asegur que su administracin continuar con la estrategia de fortalecimiento de la empresa estatal. mil millones de dlares , su nivel ms bajo desde 2016.
Aunque Pemex asegura haber pagado 152 mil millones de pesos y reducido su deuda con proveedores en un 20% respecto al cierre de 2024, la CMIC sostiene que muchos pagos siguen pendientes , especialmente para las mipymes.
Estos pagos forman parte de un esfuerzo ms amplio para reducir el saldo de la deuda de Pemex con sus proveedores, que al 31 de diciembre de 2024 alcanz su nivel ms alto en 13 aos. Abreu destac que esta estrategia es independiente de los pagos a grandes empresas contratistas a nivel nacional.
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.
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.
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.
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.
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.
El mayor nmero de afectados se registr en 2021 , con diez personas estafadas, y el periodo 2019-2024 concentr el grueso del fraude, con 37 vctimas. A pesar de las mltiples denuncias pblicas, la mayora de los casos no han recibido justicia.
Al cierre de 2024, la deuda de Petrleos Mexicanos (Pemex) con proveedores ascenda a 506 mil 153 millones de pesos (aproximadamente 24 mil 973 millones de dlares ), segn su reporte financiero. Pemex solo ha pagado el 30% de su deuda con proveedores, generando preocupacin por manejos discrecionales y afectando a siete de cada diez contratistas.
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. Todays Economics: Top-tier wells with excellent returnsstill the #1 or #2 play in 2024.
mb/d La Organización de Países Exportadores de Petróleo (OPEP) informó a través de su Boletín Estadístico Anual (ASB) que la demanda mundial de petróleo creció 1,49 mb/d (millones de barriles diarios) interanualmente, lo que también representa +1.5%, para alcanzar un promedio de 103,84 mb/d en 2024. mb/d , o un 1.3% interanual.
The Chinese economy struggled throughout 2024 despite government stimulus to try to jump start growth. In 2024, the wave of acquisitions continued. From an equity standpoint, the recent sales have increased the need to fund new upstream and midstream companies. And then theres China to consider.
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