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Negative Prices, Rising Flaring Signal Pipeline Gridlock in Permian

OilPrice

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

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U.S. Gas Prices Ease On Record Output

OilPrice

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.

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Pantheon Resources Pushes Ahead with Dubhe-1 Drilling on Alaska’s North Slope

Oil Gas Leads

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.

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100 Mbbl/d increase in Canadian oil sands sends condensate demand up, AECO gas prices down

Enverus

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.

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Vaquero Midstream’s 76 Miles Powerhouse Pipeline Expansion

Oil Gas Leads

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 associated gas volumes continue to surge alongside crude output.

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Permian Basin produced 22 percent of natural gas in U.S. in 2024

Permian Basin Oil and Gas Magazine

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

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

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.

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