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The outlook for Western Canada’s heavy oil sector in 2025 is decisively optimistic. Permits from January to June 2025 are up ~20% compared to the same period in 2024 (based on actuals plus forecasted June volumes). Optimization + brownfield growth CNRL 810–835K ~2.8 Maximize volumes, minimal downtime Suncor Energy 765–785K ~6.2
enhancing its footprint in New Mexico’s northern Delaware Basin. The company is already in active trade talks with every relevant Delaware Basin operator , aiming to optimize both legacy and new assets. ” — Hickey Capital Discipline: Capex Trimmed, Production Held PR adjusted its 2025 capex guidance down by $50 million (to $1.9–2.0B),
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl bbl WTI and $4.28/MMBtu MMBtu Henry Hub HOUSTON, TX, April 10, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. Key Hedging Terms: Remaining 2025 Production: $68.27/bbl bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu
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. Recent developments including record-setting drilling lengths, regulatory headwinds, and shifting capital strategies are reshaping how major and mid-sized players approach the basin in 2025.
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.
Permian Resources Corporation, a leading pure-play operator in the Delaware Basin, has reported strong first-quarter 2025 financial and operational results and announced a strategic bolt-on acquisition of APA Corporations Northern Delaware Basin assets for $608 million. bbl Natural gas: $1.35/Mcf Mcf NGLs: $23.90/bbl
In a strategic move aligned with shifting commodity price dynamics, SM Energy is proactively reducing its rig count in the Permian Basin through 2025. SM Energys Drilling Trends: January 2023 to May 2025 Using public drilling data for SM Energy wells in Texas, we grouped spud activity by month from January 2023 onward.
As we enter 2025, Whitecap Resources Inc. 2025 Production & Financial Guidance Whitecaps 2025 guidance includes: Production: 176,000 180,000 boe/d (63% liquids) Capital Investment: $1.1 $1.2 share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x billion ($2.81/share)
Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year.
ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. billion in Q1 2025 , a sharp increase from $1.05 Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87
Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. oil & gas basins , the leading companies , and market trends using the latest data and forecasts. MMBbl/d.
In Q1 2025 earnings calls, top influencers like Darren Woods (ExxonMobil), Ryan Lance (ConocoPhillips), and Vicki Hollub (Oxy) revealed how operators are navigating volatility, driving efficiencies, and expanding into new, high-margin markets. Oil & Gas in 2025 appeared first on Oil Gas Leads. Its looking like [U.S.
A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. Although the pace of growth is clearly slowing, the basin still offers significant upside potential.
The oil and gas industry navigates a transformative 2025 period shaped by strategic consolidations, maturing resource plays, and shifting market fundamentals. Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025.
The worlds largest energy companies have just released their Q1 2025 results, offering a detailed look at how the sector is holding up amid fluctuating commodity prices, ongoing supply chain pressures, and the growing influence of gas and LNG markets. TWh , the same as Q1 2024. TWh , the same as Q1 2024. TWh , the same as Q1 2024.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. At31 March 2025, 228 wells in Zephyr’s portfolio were available for production(versus 229 wells at the end of Q4). Register to attend. net wells).
102,012 bbl/d (bitumen) SOR of 2.39 147,819 BOE/d 69,827 bbl/d oil Smaller Producers (10,000 30,000 BOE/d) Company 2024 Average Production Notes Headwater Exploration 20,310 BOE/d +13% from 2023 Kiwetinohk Energy Corp. . ~580,000 BOE/d Includes 210,000 b/d oil and condensate Tourmaline Oil Corp. Vermilion Energy Inc.
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. The transaction is expected to close before May 30, 2025. Detailed 2025 guidance will be provided on close of the transaction.
However, development wont begin until late 2025 , after facilities are upgraded to EOG spec. Trasko Development Potential: Long Laterals, Modest PDP The existing ASE South leaseproducing 2,0003,000 boe/d (85% oil)is expected to be a launching pad for longer wells. Regional Context: Atascosa Activity Snapshot Company Feb.
oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds.
The M&A summary follows Enverus release of Investor Analytics , a tool designed to offer investors a comprehensive view of key market dynamics.Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.
poised to expand LNG export capacity , interest in gassy basins has surged. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Between 75% and 80% of Magnolias 2025 capital budget will be allocated to Giddings, reflecting its long-term confidence in the project. According to the U.S.
poised to expand LNG export capacity , interest in gassy basins has surged. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Between 75% and 80% of Magnolias 2025 capital budget will be allocated to Giddings, reflecting its long-term confidence in the project. According to the U.S.
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