Oil & Gas 360º

JULY 25, 2025

(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. The latest data for the year 2024 show the methane emissions intensity of upstream oil and gas operations in the region to be 0.44% per barrel of oil equivalent—a 29% reduction from the previous year.

E&P

Rigzone

JULY 22, 2025

Image by Natalya Bosyak via iStock In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, offered an explanation for the August natural gas contract price drop on Monday, which the report highlighted came in at 6.7 “The August contract dropped 24.0 cent, or 0.6

Natural Gas

Rigzone

JULY 7, 2025

Image by Yutthana Gaetgeaw via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top natural gas producer last year was the United States. exajoules of natural gas in 2024, which represented a yearly reduction of 0.3

Natural Gas

Oil & Gas 360º

JULY 28, 2025

million barrels per day (bpd ) in 2024, according to the EIA and the Department of the Interior. million bpd in 2024—slightly ahead of federal onshore levels, but with far more sluggish growth. Natural gas tells a slightly different story. trillion cubic feet (Tcf) of natural gas in 2024, up from 3.2

Natural Gas

Oil & Gas 360º

JULY 24, 2025

(World Oil) – Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. expansion this year, the IEA said in its quarterly gas market report.

Natural Gas

Marcellus Shale Coalition

JUNE 23, 2025

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. PUC data shows.

Natural Gas

Rigzone

JULY 8, 2025

Image by Midnight Studio via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top natural gas consumer in 2024 was the United States. exajoules of natural gas last year, which represented a 1.3 From 2014 to 2024, U.S.

Natural Gas

OilPrice

JULY 24, 2025

natural gas markets are finally catching their breath. gas prices—has fallen sharply in the first half of 2025, signaling a return to something resembling stability. According to newly released data from Bloomberg and highlighted by the EIA, annualized volatility dropped from a frothy 81% in Q4 2024 to 69% by mid-2025.

Gas

Marcellus Drilling News

JUNE 24, 2025

Yesterday, the Pennsylvania Public Utility Commission (PUC) announced the distribution of $164,592,500 in natural gas impact fees collected from producers for the 2024 reporting year. The bad news is that the impact fee raised $15 million less than it did in 2023, the prior year.

Natural Gas

Oil & Gas 360º

JULY 1, 2025

(BOE Report) – Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. million for the same period in 2024, according to data compiled by commodity analysts Kpler. Total imports of the super-chilled fuel were 208.62 from the 205.11

Natural Gas

BOE Report

JULY 8, 2025

natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 105.9 Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.

Dry Gas

Permian Basin Oil and Gas Magazine

JULY 15, 2025

imported only 17 percent of its domestic energy supply in 2024 – half of the record share in 2006 and the lowest share since 1985. remained a net exporter of energy in 2024 for the third straight year after producing a record amount that exceeds consumption. The post EIA report: Imports of energy to U.S.

Energy

Oil & Gas 360º

JULY 11, 2025

natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.797 trillion cubic feet (tcf) on October 31, 2025, according to analysts’ estimates. (BOE Report) – U.S. Reporting by Scott DiSavino)

Natural Gas

Marcellus Shale Coalition

JULY 7, 2025

The $165 million generated by Pennsylvania’s natural gas impact tax in 2024 demonstrates yet another way the state’s energy abundance is a win for residents and the Commonwealth. The natural gas impact fee provides critical financial support to communities across Pennsylvania. Bradford Era: Annual Pa.

Gas

BOE Report

JUNE 10, 2025

natural gas output and demand will both rise to record highs in 2025, the U.S. EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 105.9 Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. bcfd in 2025 and 106.4

Dry Gas

Oil & Gas 360º

JULY 16, 2025

(EIA) – In 2024, the United States consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to our Monthly Energy Review. Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. energy consumption in 2024.

Energy

Oil & Gas 360º

JULY 14, 2025

(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. Adriano Mongini, CEO of Azule Energy, commented: “This is a landmark moment for gas exploration in Angola.

Offshore

Oil Gas Leads

JULY 21, 2025

oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in natural gas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.

Natural Gas

Rextag

JULY 2, 2025

Rising demand for natural gas and favorable policy support are driving major U.S. producers and pipeline operators to revisit plans for new infrastructure in Appalachia—the country’s most productive gas region. During the winter of 2024–2025, heating a home with oil cost roughly twice as much as with natural gas.

Natural Gas

Oil & Gas 360º

JUNE 23, 2025

TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month. The leading three cities by total unique oil and natural gas job postings were Houston (2,064), Midland (546) and Odessa (398), said TIPRO.

Gas

Rextag

JULY 17, 2025

According to the company, they will also nearly double overall production from 81,000 BOE/D to 152,000 BOE/D , while increasing natural gas exposure from 53% to 66%. “These acquisitions are transformative for Mach,” said Tom Ward, chief executive at Mach. The deals will expand Mach’s total acreage footprint by roughly one-third to 2.8

Basin

McKinsey

JULY 17, 2025

1 “ AI power: Expanding data center capacity to meet growing demand ,” McKinsey, October, 29, 2024. Another option—carbon-capture technology added to natural gas plants—faces challenges in becoming cost-competitive. 5 Pathways to commercial liftoff: Next-generation geothermal power , US Department of Energy, March 2024.

IT

OilPrice

JUNE 30, 2025

The east coast of Australia is facing natural gas shortages earlier than previously expected, the country’s competition watchdog has warned, noting the market could swing into a deficit as early as the fourth quarter of this year.

Gas

Oil & Gas 360º

JULY 24, 2025

Power output from coal and natural gas fell by 2% each, also due to some weakness in industrial activity. natural gas prices were significantly higher in the first half of the year, compared to the multi-year lows from early 2024, U.S. power generation from gas-fired power plants declined by 4%.

Natural Gas

Oil & Gas 360º

JUNE 9, 2025

In 2024, Argentina recorded 99 M&A deals, the highest since 2019, with transaction values reaching $8 billion—the largest amount since 2017, PwC data showed. Vaca Muerta, the world’s second-largest unconventional gas reserve and fourth-largest oil reserve, located in the province of Neuquén, is one of Argentina’s main attractions.

Energy

Permian Basin Oil and Gas Magazine

JUNE 20, 2025

Underground working natural gas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. EIA calculates natural gas storage capacity in two ways: demonstrated peak capacity and working gas design capacity. Both increased in 2024. Energy Information Administration.

BCF

Rigzone

JULY 14, 2025

exajoules of energy in 2024, which represented a 2.4 From 2014 to 2024, China’s energy supply saw an average yearly increase of 3.1 exajoules were from natural gas, 92.16 From 2014 to 2024, China’s energy supply saw an average yearly increase of 3.1 exajoules were from natural gas, 92.16

Energy

Rigzone

JULY 4, 2025

Image by Professor25 via iStock The world’s top oil consumer in 2024 was the U.S., percent of total oil demand in 2024. From 2014 to 2024, U.S. From 2014 to 2024, U.S. percent of total oil demand in 2024, the report revealed. From 2014 to 2024, China’s oil demand has grown by an average of 4.0

Oil

Rigzone

JULY 3, 2025

produced 20.135 million barrels of oil per day in 2024. percent of the total oil production in 2024, according to the report, which highlighted that U.S. percent from 2014 to 2024. From 2014 to 2024, Saudi Arabia has seen an average yearly oil production decline rate of 0.6 The report showed that the U.S.

Condensate

Permian Basin Oil and Gas Magazine

AUGUST 1, 2025

Energy sector M&A is gaining significant momentum, with transaction volumes exceeding $57B in 2024—more than double the pre-pandemic totals of 2019. The natural gas subsector is leading this growth, accounting for nearly 60 percent of all completed deals and over 70 percent of total transaction volume since 2022 (see chart).

Energy

Permian Basin Oil and Gas Magazine

AUGUST 1, 2025

According to data from Office of Natural Resources Revenue in U.S. million b/d in 2024. million b/d in 2024, but production from onshore federal lands increased at a faster rate. The 2024 output of 1.7 Natural gas production from onshore federal lands also increased in recent years, but at a similar rate to overall U.S.

Crude Oil

Oil Review Middle East

JUNE 11, 2025

Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. The region accounts for around 30% of global oil production and 17% of global natural gas production. Around US$2.2

Upstream

Oil & Gas Journal

JULY 25, 2025

Since 2022, natural gas markets have experienced a series of extremes, including both unusually high and low inventory levels, which contributed to elevated price volatility. At the end of first-quarter 2025, US Lower 48 natural gas storage volumes were 4% lower than the 5-year average. 24, 2025.

Natural Gas

Rextag

JUNE 20, 2025

The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. Meanwhile, a new LNG terminal in British Columbia is set to boost natural gas demand. In March, Synergy Land Services Ltd.

Gas

Valor

JULY 21, 2025

The year-long delay caused by Exxon’s challenge cost Chevron an estimated $3 billion in lost 2024 profit, $50-$100 million in legal fees, and contributed to a 9% drop in its share price. Read more US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Summary : For the first time in 12 weeks, the U.S.

Energy

Oil & Gas Journal

JULY 28, 2025

In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of natural gas. The Perito Moreno gas pipeline and compression plants at Tratay én and Saliquel ó added a combined 10 million cu m/day between August 2023 and October 2024.

Basin

Oil & Gas 360º

JULY 30, 2025

(Oil Price) – Despite years of climate summits and net-zero targets, global coal consumption and production both hit record highs in 2024. A combination of rising electricity demand, a lack of natural gas infrastructure, and favorable government policies continues to drive growth. India, too, has doubled down on coal.

Proven Reserves