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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

Updated Guidance and Long-Range Plan Upon completion of the Montney dispositions, Strathcona will be a pure-play heavy oil company producing approximately 120 Mbbls / d (100% oil, 95 Mbbls / d thermal, 25 Mbbls / d conventional) with a 50-year 2P reserve life index and positive net cash (including marketable securities).

BBL 130
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Genel Energy issues Trading and Ops Update

Iraq Business News: Oil & Gas

Our entry into Block 54 in Oman is expected to complete in the coming weeks, with first substantial work programme activity commencing around the end of the year. "We

Energy 97
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U.S. Upstream Leads ExxonMobil’s 2025 Strategy — Powered by “Advantaged” Projects

Oil Gas Leads

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. In ExxonMobil’s framework, a project is “advantaged” if it offers: Low breakeven economics (i.e.,

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U.S. Oil Production: Low-Cost Inventory and the Need for Sustained Activity

Oil Gas Leads

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.

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Shale Success at $40: Can Structural Cost Reduction Sustain the U.S. Oil Boom?

Oil Gas Leads

Jim Chapman With a target of $18 billion in structural savings by 2030, Exxon has shown how scale and capital discipline can drive sustainable breakevens, particularly in the Permian Basin. The capex that we’re spending is fairly flat as we continue to grow volumes reflects the continued efficiency that we’re finding.