Remove 2025 Remove Basin Remove BBL
article thumbnail

Western Canada Heavy Oil Outlook 2025: Momentum Returns with TMX Tailwinds

Oil Gas Leads

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

Oil 52
article thumbnail

Permian Resources Expands Delaware Basin Position with $608M APA Deal

Oil Gas Leads

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),

Basin 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Prairie Operating Co. secures strong cash flow with strategic hedging program ahead of market downturn

Oil & Gas 360º

(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

Operator 130
article thumbnail

DJ Basin Update: Low-Cost Production, Rising Gas Ratios, and Strategic Shifts Amid Regulatory Pressure

Oil Gas Leads

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.

Basin 52
article thumbnail

Permian Basin Well Permits Decline — AI Forecast Confirms Downward Trend

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.

Basin 52
article thumbnail

$608MM Deal: Is Permian Resources Quietly Becoming the Top Operator in the Delaware Basin?

Rextag

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

Basin 52
article thumbnail

SM Energy Slows the Drill Bit in 2025: What the Data Tells Us About Permian Rig Reductions

Oil Gas Leads

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.

Spud-in 52