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(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., New Era Helium, Inc. Will Gray II, CEO of New Era Helium, Inc.,
In recent years, the basin’s output has been rangebound between 34 and 36 Bcf/d and Appalachian producers see only modest gains in 2025. In today’s RBN blog, we discuss the leading E&Ps’ production forecasts for 2025 and the prospects for considerably higher output by the end of this decade.
Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. million barrels of oil per day as of Q1 2025. These operators collectively reflect the basin’s evolution toward capital discipline, lateral length optimization, and refrac innovation.
June 23, 2025 – Kitimat, BC LNG Canada, the landmark export facility led by Shell in partnership with Petronas, PetroChina, Mitsubishi, and Kogas, has announced its first liquefied natural gas (LNG) production from Train 1 (5.6 mtpa) at its terminal in Kitimat, British Columbia. export pipelines. averaging 8.6 export congestion.
In its latest June 2025 Short-Term Energy Outlook , the U.S. Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. According to the agency, the Eagle Ford Basin is the leading contributor to that downward revision, with the Permian Basin also playing a key role.
When completed, the project will supply 125 billion standard cubic feet (Bcf) per day of natural gas to the domestic market, Petrovietnam said in a news release. By 2024, the total output of the project was more than 426 million barrels and more than 216 Bcf of gas, bringing in total revenue of more than $31 billion, Petrovietnam said.
The EPS beat the analyst consensus estimate of US$0.69 (C$0.96) for the first quarter of 2025. The growth outlook in the economically advantaged Western Canadian Sedimentary Basin (WCSB) remains strong with approximately 1 million incremental barrels per day expected to come onstream by 2035, Ebel said. billion (C$2.2
Just six months after launching Phase I of its state-of-the-art 24 Bcf gas storage facility in Anderson County, East Texas, the company has continued expanding with momentum—and a clear focus on reliability, capacity, and innovation.
(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. Management estimates of gas estimated ultimate recovery (EUR) for the State 36-2R well range from 4-6 billion cubic feet (“BCF”) (0.9
billion cubic feet per day (Bcf/d) of natural gas from northeast British Columbia to the Canada-U.S. The transaction is expected to close by Q2 2025, subject to regulatory approvals and customary closing conditions. In May 2025, Enbridge Inc. The Westcoast pipeline, operated by Enbridge subsidiary Westcoast Energy Inc.,
The Permian Basin continues to be a driving force behind U.S. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. Bcf/d in 2025. oil and gas production, and ONEOK Inc.
DT Midstream (NYSE: DTM) reported strong Q1 2025 results, highlighting not only solid financial performance but also a clear long-term growth strategy anchored in the rising global demand for liquefied natural gas (LNG). Bcf/d , bringing the LEAP system total to 2.1 Bcf/d , bringing the LEAP system total to 2.1
April 21, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. on April 21, 2025, with Brent at $66.81 Bcf/day, while consumption dropped to 103 Bcf/day due to warmer weather reducing residential and power demand. Oil prices dip amid U.S.-Iran Read more U.S.
The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Bcf/d of natural gas from the Permian to Katy, Texas. Bcf/d of natural gas.
April 30, 2025 Comstock Resources (NYSE: CRK) has released its Q1 2025 earnings, showcasing a confident return to growth, operational efficiency, and a focused expansion strategy in the Haynesville shale. Production Holds Steady Natural gas production: 115 Bcf Oil production: 10 Mbbls Total production volume: 115.1
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.
Monthly Well Permits: Actuals and Forecasts An analysis of well permitting activity in the Haynesville Basin reveals a steady pace of development. While specific monthly figures for 2024 and 2025 are not detailed here, the overall trend suggests consistent interest in the region’s potential.
Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.
Permian Basin: The Backbone of U.S. Production The Permian Basin remains the most productive oil and natural gas field in the U.S. Bcf/d by the end of 2025, midstream operators are aggressively expanding infrastructure to capture this growing supply. With expected crude oil output increasing to 6.6
May 27, 2025 The Hugh Brinson Pipeline, a major natural gas infrastructure project led by Energy Transfer LP , continues to move forward as key regulatory approvals are secured. Bcf/d of gas. Bcf/d based on demand. The pipeline is expected to ease transportation bottlenecks in the Permian Basin and support growing U.S.
On May 1, 2025 , the Railroad Commission of Texas (RRC) issued a significant new permit to WWM Operating, LLC , authorizing operations for the Traverse Pipeline a major gas transmission project set to enhance energy transport capacity across multiple South Texas counties.
The transaction, expected to close in the second quarter, follows the pipelines recent startup and rapid ramp-up of operations in the Permian Basin. Bcf/d capacity, designed to move natural gas from the Waha hub in the Permian Basin to Wharton, Texas , with additional delivery capabilities to Katy. Devon Energy Corp.
Bcf/d and is set to commence operations in the first quarter of 2027, pending regulatory approvals. Bcf/d capacity project. Bcf/d capacity project connecting the Permian Basin to the Agua Dulce hub. Bcf/d Matterhorn Express pipeline, which achieved record-breaking capacity fill rates in the Permian Basin.
This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. ” Phillips 66 (PSX) Permian Basin: The Growth Engine of Midstream Expansion The Permian Basin is at the center of the midstream revolution.
poised to expand LNG export capacity , interest in gassy basins has surged. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Bcf/d in 2024 to over 26.8 Bcf/d by 2040, according to the EIA.
poised to expand LNG export capacity , interest in gassy basins has surged. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Bcf/d in 2024 to over 26.8 Bcf/d by 2040, according to the EIA.
March 10, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. In the Permian Basin, rig count declined by 1 to 3049 fewer than last yearwhile Eagle Ford added 1 rig to reach 49, though thats still 3 less than the previous year. Read more U.S. per barrel (up 1.37%).
JULY Energy Transfer Completed its Acquisition of WTG Midstream Holdings Energy Transfers completion of its acquisition of WTG Midstream added approximately 6,000 miles of gas-gathering pipelines that extend Energy Transfers network in the Midland Basin. Bcf/d, and two additional processing plants that are under construction.
As we discussed a few months ago, the Permian Basin is starting to feel the impact of AI data centers creating demand for natural gas fired electricity. New Era Heliums partnership with Sharon AI through Texas Critical Data Centers (TCDC) represents a cornerstone of its Permian Basin strategy. and in the Permian Basin.
Volatility at the start of the Trump Administration might present the last chance to buy Delaware Basin oil and gas stocks on the cheap, in my opinion. LNG exports are projected to grow by over 2 Bcf/d in both 2025 and 2026. natural gas demand alone is estimated to grow by over a billion MMBtu in 2025.
June 2, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Total stocks reached 2,476 Bcf, 11.3% Bcf/day and demand dipped to 97.3 Permian Basin rigs declined 1 to 278, also a November 2021 low, as the total count fell 37 (6%) year-over-year.
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