Rigzone

JUNE 27, 2025

Adura, which will be equally owned, combines the two companies’ offshore assets in the UK, where Shell currently produces over 100,000 barrels of oil equivalent a day (boed) and Equinor about 38,000 boed. “Adura is expected to produce over 140,000 barrels of oil equivalent per day in 2025”, Equinor said.

Exploration and Production 67

Exploration and Production Operator Oil Gas 67

Permian Basin Oil and Gas Magazine

JUNE 26, 2025

Viper SWOT Viper Energy delivers strong operational results, with Q1 2025 oil production of 31,311 barrels per day and industry-leading gross profit margins of 92.92 The post Viper’s Royalty Model: Worth a Look appeared first on Permian Basin Oil and Gas Magazine. Weak natural gas prices ($2.08/Mcf The upcoming $4.45

Royalty 59

Royalty E&P E&A Royalty Interest 59

Rigzone

JUNE 16, 2025

The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. DNO noted that it has four development wells and one exploration well planned in the period through 2026.

Energy 67

Energy Energy Exploration and Production Field 67

Rigzone

JUNE 24, 2025

A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Permian basin dropped two rigs, the Granite Wash basin cut one rig, the DJ-Niobrara basin added three rigs, and the Cana Woodford, Eagle Ford, Haynesville, and Mississippian basins each added one rig.

Basin 62

Basin American Petroleum Institute Oil Gas 62

Oil Gas Leads

MARCH 8, 2025

Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. The EPIC acquisition will allow them to shift these barrels onto their own network , capturing better margins and improving logistics efficiency. energy production. It really gives us room to continue to grow our G&P footprint.

Basin 52

Basin Midstream Pipeline Operator 52

Permian Basin Oil and Gas Magazine

MARCH 11, 2025

BANGL transports up to 250,000 barrels per day of natural gas liquids from Permian Basin in west Texas to fractionation markets on the Gulf Coast. It currently is being expanded to 300,000 b/d by second half 2026. Maryann Mannen, president and CEO, said Feb. Maryann Mannen, president and CEO, said Feb.

Pipeline 52

Pipeline Basin Natural Gas Barrel 52

Oil & Gas 360º

APRIL 28, 2025

(Nasdaq: PROP) (the Company or Prairie) an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin today announced it is beginning completions of nine previously drilled but uncompleted (DUC) wells acquired in the recent Bayswater transaction.

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Completion Operator Hydraulic Fracturing Natural Gas 130

Permian Basin Oil and Gas Magazine

MAY 30, 2025

Chevron said in February it plans to reduce its global workforce by 15 to 20 percent (6,750 to 9,000 individuals) by the end of 2026. Permian Basin has provided a primary part of Chevrons production growth in recent years. Layoffs are expected to occur by July 15. Chevron employed 45,298 people worldwide at the end of 2024.

IT 52

IT Basin Oil Barrel 52

Oil & Gas 360º

APRIL 21, 2025

Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the companys goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. Chevron is a leading leaseholder in the Gulf and continues to actively pursue opportunities for growth in the basin.

Oil 130

Oil Crude Oil Exploration and Production Natural Gas 130

Permian Basin Oil and Gas Magazine

MAY 23, 2025

million barrels per day a gain of 252,000 b/d over last year before falling to 13.33 million b/d in 2026 for a decline of 130,000 b/d. crude oil production next year appeared first on Permian Basin Oil and Gas Magazine. A combination of slowing global oil demand fueled by uncertainty over U.S.

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Crude Oil Oil Basin Barrel 45

Rextag

FEBRUARY 24, 2025

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. The Permian Basin remains the top destination for U.S. MMBbl/d, maintaining stable levels through 2026.

Basin 40

Basin Oil Gas Exploration and Production 40

Oil Gas Leads

MARCH 11, 2025

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.

Energy 52

Energy Energy Basin Pipeline 52

Oil Gas Leads

MAY 2, 2025

upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. As the company leans into this strategy through 2030, these 10 projects are expected to add $3+ billion in annual earnings by 2026 , reinforcing why advantaged isnt just a buzzword its a blueprint.

Upstream 52

Upstream Consulting Basin Engineer 52

Oil Gas Leads

APRIL 21, 2025

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. which have been instrumental in executing Cenovus’s drilling programs. billion to $5.0 billion in 2025.

Energy 52

Energy Energy Basin Operator 52

Oil & Gas 360º

JUNE 3, 2025

existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5 mboe/d) Approximately 16.1

Royalty 130

Royalty Energy Energy Basin 130

Egypt Oil & Gas

MARCH 17, 2025

The project is expected to achieve a peak production of approximately 11,000 barrels of oil equivalent per day (boe/d) in 2026. Wenchang 19-1 Oilfield Phase II Project is located in the western part of the Pearl River Mouth Basin, with an average water depth of approximately 125 meters.

Field 52

Field Associated Gas Crude Oil Maintenance 52

Valor

APRIL 21, 2025

The project is expected to produce up to 75,000 barrels of oil per day through three wells tied back to the existing Chevron-operated Blind Faith facility. Chevron aims to produce 300,000 net barrels per day of oil equivalent from the Gulf by 2026. The Permian Basin remained at 289 rigs, down from 318 a year ago.

BCF 52

BCF Energy Energy Exploration and Production 52

Oil Gas Leads

MARCH 11, 2025

The Permian Basin continues to solidify its role as the driving force behind U.S. Expansion of sour gas treating facilities in the Delaware Basin. As drilling intensifies in the Delaware Basin , the ability to handle high-sulfur gas efficiently will be a key differentiator in the midstream market. oil and gas production.

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Midstream Pipeline Natural Gas Gas 52

Rextag

MAY 8, 2025

Equinor Q1 2025 Performance Total Equity Production: 2,123 mboe/day Equinors total equity production in the first quarter of 2025 was 2,123 thousand barrels of oil equivalent per day (mboe/d). shale basins. This represents a slight decline compared to 2,164 mboe/d in Q1 2024 a decrease of about 1.9%.

Exploration and Production 40

Exploration and Production Energy Energy Basin 40

Oil & Gas 360º

MARCH 10, 2025

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times by year end 2026. Strong Credit Profile: Exceptional balance sheet with initial leverage of 0.9

Exploration and Production 130

Exploration and Production Energy Energy Natural Gas 130

Permian Basin Oil and Gas Magazine

MAY 12, 2025

A third issue for him is that, in basins like the Permian, CCUS projects inject into oil formations that are no longer viable for productionat least, not with todays technology and pricing. Sometime in Q3 they plan to ramp up the plants initial 250,000 tons, with the plant reaching full capacity in mid-2026.

Casing 59

Casing Abandonment Oil Basin 59

Rextag

APRIL 24, 2025

poised to expand LNG export capacity , interest in gassy basins has surged. Bcf/d by 2026. Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S.

Gas 52

Gas BCF BBL Exploration and Production 52

Rextag

APRIL 24, 2025

poised to expand LNG export capacity , interest in gassy basins has surged. Bcf/d by 2026. Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S.

Gas 40

Gas BCF BBL Exploration and Production 40

Oil & Gas 360º

MAY 19, 2025

benchmark WTI crude prices at $60 per barrel, its mostly hold, baby, hold in the American shale patch, where output in the major basins except the Permian has already started to level off or drop. oil production despite President Donald Trumps drill, baby, drill slogan. With the U.S. Gulf of Mexico, executives and analysts say.

Oil 130

Oil Crude Oil Basin Barrel 130

Valor

MAY 5, 2025

per barrel, after OPEC+ announced a June output hike of 411,000 bpd. Oil rigs fell by four to 479, while gas rigs rose by two to 101; the Permian basin dropped to 287 rigs, its lowest since December 2021. OPEC+ plans to add 411,000 barrels per day in June, which could pressure U.S. and WTI at $57.31 With $12.7B Read more U.S.

Energy 52

Energy Energy Oil Natural Gas 52

Oil & Gas 360º

JUNE 11, 2025

million bpd in 2026 from about 13.42 operators will drill and complete fewer wells through 2026, the EIA estimated. million, driven by a slowdown in the prolific Permian basin, the EIA said. (World Oil) – The U.S. sees domestic crude production declining next year for the first time since 2021 in a blow to U.S.

Oil 130

Oil Exploration and Production Drilling rig Barrel 130

Valor

APRIL 14, 2025

Goldman Sachs expects oil prices to decline through 2026 Summary : Goldman Sachs expects oil prices to decline through 2026 due to recession risks and rising OPEC+ supply. Brent and WTI are forecast to average $63 and $59 per barrel for the rest of 2025, and $58 and $55 in 2026. million bpd in 2026.

BCM 52

BCM Energy Energy Oil 52

Valor

JUNE 2, 2025

Oil prices jump despite OPEC+ announcing another sharp production hike Summary : OPEC+ announced a 411,000-barrel-per-day production hike for July, its third consecutive increase, aiming to regain market share and pressure U.S. Permian Basin rigs declined 1 to 278, also a November 2021 low, as the total count fell 37 (6%) year-over-year.

BCF 52

BCF Energy Energy Basin 52

Valor

APRIL 7, 2025

Oil prices continue to fall Summary : Oil prices dropped significantly, with WTI briefly falling below $60 per barrel amid escalating U.S.-China Major banks, including Goldman Sachs, have downgraded oil price forecasts, with WTI now projected to average $55 in 2026, reflecting growing recession risks and increasing supply from OPEC+.

Energy 52

Energy Energy Oil Gas 52

Oil & Gas 360º

JUNE 13, 2025

US shale producers have been pulling rigs and cutting workers since the beginning of the year as crude tumbled into the $60-a-barrel range due to supply increases from OPEC and President Donald Trump’s consistent praise for low energy prices. the latest independent oil producer in the Permian basin, said last month. on Wednesday.

Oil 130

Oil Energy Energy Petroleum 130

Oil & Gas 360º

MARCH 13, 2025

million barrels per day (bpd) in 2025 and climb further to 13.76 million bpd in 2026. producer OXY Energy Services warned that oil prices below $60 a barrel would likely force small drillers to reduce activity. oil prices are currently around $68 a barrel. But there is an obvious problem here. The CEO of U.S.

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Energy Energy Oil Crude Oil 130