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Previously, we reported that natural gas at the Waha hub was selling for near-zero or sub-zero prices for much of 2024 thanks in large part to excess natural gas production in the Permian Basin coupled with limited takeaway capacity due to a shortage of gas pipelines. Consequently, Permian gas…
natural gas futures eased to a two-week low on Monday amid record output, negative spot prices at the Waha Hub and forecasts for mild weather. Natural gas at the Waha hub--a regional pricing hub for gas in the Permian Basin in West Texas--sold for near-zero or sub-zero prices for much of 2024, a trend that has continued in the current year.
In May, the company reported that Megrez-1 produced over 2,000 barrels per day of liquids—but no meaningful oil or gas. In addition to the primary Ahpun Topset target, Dubhe-1 will test three additional zones and may undergo a lateral completion and long-term flow test to confirm oil deliverability and gas quality.
The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. This will result in substantial demand growth for in-basin condensate volumes because of increased need for diluent.
Where the Pipe Runs: Counties & Context This new loop stretches across Loving, Pecos, Reeves, Ward, and Winkler Counties —the beating heart of West Texas’s oil and gas production corridor. These areas are cornerstones of the Delaware Basin, where associatedgas volumes continue to surge alongside crude output.
marketed natural gas production remained relatively flat in 2024, according to U.S. Production averaged 113 Bcfd, according to EIAs latest Natural Gas Monthly. Production growth in Permian Basin was offset by declining production in Haynesville and flat production in Appalachia. natural gas output. total or 35.6
These efforts reflect a broader trend across the continent, where NOCs are leaning on foreign partnerships to advance oil and gas production. Advancing gas monetization Amid a surge in gas monetization, Africa has emerged as a major LNG producer. The company also strives to unlock the potential of the Orange Basin.
The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc. 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.
Insights on WCSB Oil Production Pipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets.
Crude-oil-focused drilling and completion in the Permian Basin is generating fast-increasing volumes of associatedgas and creating opportunities for midstream companies that provide wellhead-to-water services for natural gas and NGLs.
The company recorded 266 drilling operations in Q1 2025, marking a 9% increase from 244 in Q1 2024 Oil Gas Leads. Operational Highlights Cenovus maintained a steady rig count of 19 in Q1 2025, demonstrating consistent operational capacity Oil Gas Leads. Cenovus Energy Inc.
Operational and Strategic Updates Liberty is leaning on its technology leadership and integrated model to weather current headwinds: The company successfully tested the industrys first natural gas variable speed pump , a major advancement under its digiPrime initiative. The company expects steady U.S.
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. The design concept of intelligent oil and gas fields were used in the two new projects. It has 13 development wells are planned to be put into production.
The Permian Basin continues to solidify its role as the driving force behind U.S. oil and gas production. With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. Expansion of sour gas treating facilities in the Delaware Basin.
Some companies are announcing new projects, especially those bringing natural gas to power data centers, but the industry is generally in a wait-and-see mode regarding greenfield projects despite the Trump Administrations regulatory push to accelerate energy infrastructure expansion. shale basins. (Oil Price) –U.S.
Not just any energy, but reliable and affordable oil and gas. oil and gas is going to destroy the earth. We know that we must continue to educate all that we encounter that American oil and gas is the most environmentally responsible oil and gas production in the world. We also hear many out of Washington, D.C.,
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