OilPrice

APRIL 8, 2025

Increasing financial constraints, a low commodity price environment and a shrinking pool of prospective basins have transformed how oil and gas players explore for new barrels.

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Field Exploration and Production Gas Oil 205

Oil & Gas 360º

MAY 2, 2025

million oil-equivalent barrels per day from Permian growth driven by the acquisition of Pioneer. Upstream earnings increased by $1.1 billion from a year earlier to $6.8 billion, thanks to continued growth in the Permian and Guyana, as well as structural cost savings. Exxons net production jumped by 20% to 4.6

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Oil & Gas 360º

APRIL 1, 2025

(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.

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Basin Energy Energy Exploration and Production 130

Permian Basin Oil and Gas Magazine

MAY 13, 2025

Midland-based Permian Resources last week revised 2025 guidance after making a bolt-on acquisition in northern Delaware Basin. First quarter production was 174,967 barrels of crude oil per day and 373,200 boed. The post Permian Resources acquires Delaware Basin assets from APA Corp. for $608 million.

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Basin Royalty Crude Oil Operator 72

Permian Basin Oil and Gas Magazine

MAY 30, 2025

Civitas said May 8 that production guidelines this year remain at 330,000 boed and 152,500 barrels per day of crude oil. First quarter production was 311,000 boed (down 14 percent from 4Q) and 141,000 b/d of oil (down 12 percent from 4Q) from its operations in Permian Basin and DJ Basin. billion to $1.9 billion for 2025.

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Basin Crude Oil Barrel Oil 64

Oil & Gas 360º

APRIL 17, 2025

ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. It complements ReconAfricas activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2

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Basin Oil Petroleum Gas 130

Oil & Gas 360º

APRIL 9, 2025

(Oil Price) – Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters , amid efforts to reduce the costs and times of fracking at the worlds top shale basin. Chevron and the other U.S.

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IT Basin Barrel Oil 130

Permian Basin Oil and Gas Magazine

MARCH 4, 2025

million barrels (80,200 barrels per day) up 23 percent from 2023. Estimated net proved reserves at yearend 2024 were 673 million barrels of oil equivalent, including 51 percent in south Texas, 34 percent in Midland Basin and 15 percent in Uinta Basin. Oil production last year was 29.4 Total production was 62.4

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Basin Barrel Energy Energy 52

Rigzone

APRIL 29, 2025

The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3,000 barrels of oil equivalent (boepd).

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Basin Barrel Oil 74

Energy Central

SEPTEMBER 7, 2023

The Permian, Eagle Ford and Williston In this report, we will analyze the latest developments in the 3 largest US tight oil basins, which include the Permian, Williston, and the Eagle Ford. Together, these basins were producing over 7.5 million barrels of oil per day in May 2023, while outside these basins less than 1.2

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Basin Oil Barrel 52

Rigzone

APRIL 1, 2025

The acquisition boosts Prairie's production by approximately 25,700 net barrels of oil equivalent per day (boepd).

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Basin Barrel Oil 67

Oil & Gas 360º

APRIL 2, 2025

The assets, which comprise operations in the Anadarko basin that spans about 300,000 net acres, are expected to fetch a price of more than $1 billion, the sources said, requesting anonymity as the deliberations are confidential. Houston-based ConocoPhillips, which took on about $5.4

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Basin Natural Gas Oil Gas 130

Oil & Gas 360º

APRIL 9, 2025

natural gas production and 500 barrels per day of U.S. In January, APA said it reduced production by about 23,500 barrels of oil equivalent per day (boepd) in the fourth quarter. This reduction followed similar cutbacks in the previous three quarters, implemented due to ongoing low natural gas prices in the Permian Basin.

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Natural Gas Barrel Gas Oil 130

Oil & Gas 360º

MAY 27, 2025

million barrels daily. Today, the Permian is producing over 6 million barrels daily, accounting for nearly half of the U.S. The consultancy expects output there to add 200,000 barrels daily this year, for a total of 6.6 million barrels daily. million barrels daily in 2035. To be sure, the boom days seem to be over.

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Barrel Oil Consulting Basin 130

Permian Basin Oil and Gas Magazine

APRIL 4, 2025

Plano-based Mentor Capital said last week it purchased 25.127 net royalty acres in a 71-well producing project in Permian Basin. The average production for Mentors portion of the project is 10 barrels of oil per day plus 24,000 cubic feet per day of natural gas. Mentor said its royalty stream is equivalent to 12.5

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Royalty Basin Natural Gas Oil 52

Energy Central

DECEMBER 6, 2023

In this report, we will analyze the latest developments in the 4 largest US tight oil basins, which include the Permian, Williston, Eagle Ford, and the Denver-Julesburg (DJ). Together, these 4 basins were producing over 8 million barrels of oil per day (b/d) in August 2023, while outside these basins less than 0.8

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Basin Oil Barrel 52

Oil Gas Leads

APRIL 2, 2025

On April 1, 2025, WaterBridge officially launched an open season to support the development of its new Speedway Pipeline , a dual 30-inch produced water system designed to address rising pore pressure and enhance flow assurance in the Northern Delaware Basin. million bpd of produced water across 2,400 miles of pipeline in major U.S.

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Basin Pipeline Midstream Operator 52

Oil & Gas 360º

MAY 9, 2025

Enbridge operates the Mainline system, moving more than 3 million barrels a day of crude oil and liquids from Western Canada to the demand markets in the United States. million barrels per day, illustrating its critical role in the transportation of oil to key demand centers, the company said. billion (C$2.2

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BCF Pipeline Natural Gas Crude Oil 130

Oil Gas Leads

MARCH 4, 2025

The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6% Production Growth Despite Fewer Rigs Oil production in the Permian Basin increased to 6.5 million barrels per day (bpd) , reflecting a 1.3%

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Basin Energy Energy Natural Gas 52

Oil & Gas 360º

APRIL 16, 2025

(World Oil) –Vista Energy has acquired Petronas’ 50% stake in a region of the Vaca Muerta shale basin in a deal valued at $1.5 In addition, as of December 31, 2023, LACh had 280 million barrels of oil equivalent (MMboe) of P1 reserves according to the Argentine Secretary of Energy (at 100% working interest). billion USD.

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Oil Barrel Crude Oil Operator 130

Energy Central

APRIL 6, 2023

In this report, we will analyze the latest developments in the 4 largest US tight oil basins, which include the Permian, Williston, Eagle Ford, and the DJ. Together, these basins produced more than 7.2 million barrels of oil per day at the end of last year.

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Basin Oil Barrel 52

Rextag

JANUARY 16, 2025

Civitas Resources is reportedly considering the sale of its oil and gas assets in Colorados Denver-Julesburg (D-J) Basin and may reinvest the proceeds in acquiring additional assets in the Permian Basin, including the highly sought-after position held by Double Eagle IV, according to analysts and media reports.

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Basin Exploration and Production Operator Oil 52

Oil Gas Leads

MARCH 13, 2025

The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. The recent acquisition in the Midland Region further strengthens its presence in the Permian Basin, a critical area for U.S. domestic energy production. billion debt it will assume from Marathon Oil.

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Basin Management Energy Energy 52

Rextag

MAY 5, 2025

The Ballymore development is designed to produce up to 75,000 gross barrels of oil per day from three production wells, all connected via a subsea tieback to Chevrons existing Blind Faith facility, located approximately three miles from the well site. This reduces our development costs and is expected to drive higher returns for shareholders.

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Barrel Exploration and Production Offshore Basin 52

Oil & Gas 360º

MAY 14, 2025

(Oil Price) –The Permian Basin has been the star of the U.S. Capable of surviving at sub-$50 per barrel of WTI for longer than U.S. Currently, the Montney shale produces some 2 million barrels of oil equivalent daily. This is by far the longest lifespan of all shale basins that the firm reviewed in its report.

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Natural Gas Basin Oil Crude Oil 130

Oil Gas Leads

MARCH 8, 2025

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. oil and gas production, and ONEOK Inc. Bcf/d in 2025.

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Basin Natural Gas Pipeline BCF 52

Oil & Gas 360º

MAY 5, 2025

But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. produced about 5 million barrels of crude oil per day, down by half from the 1970s. That $62 per barrel break-even price in Midland is up from $46 in 2017. Twenty years ago, the U.S.

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Oil Barrel Field Basin 130

Oil & Gas 360º

MAY 7, 2025

Initial production test observations include: A peak rate of 2,848 barrels of oil equivalent per day (“boepd”) (11.9 million standard cubic feet per day (“mmscf/d”) and 856 barrels of oil per day (“bopd”)) on a 18/64-inch choke setting, which was achieved with no material drop in bottom hole pressure.

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Energy Energy Exploration and Production Barrel 147

Oil Gas Leads

MARCH 14, 2025

CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. million barrels per day (bpd) accounting for over 16% of the basins total production.

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Basin Sustainable Sustainability Technician 52

Oil Gas Leads

MARCH 21, 2025

Devon Energys fourth quarter 2024 earnings call provided critical insights into the companys ambitious plans for the Delaware Basin, one of its crown jewel assets. Delaware Basin Overview The Delaware Basin continues to be the cornerstone of Devons oil and gas portfolio.

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Basin Oil Utilities Completion 52

Oil Gas Leads

MARCH 7, 2025

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. 600 million in non-core asset sales , primarily in the Southern Delaware Basin.

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Basin Exploration and Production Oil Operator 52

Oil Gas Leads

MAY 3, 2025

In a new white paper titled What Remains: North American Upstream Inventory, energy private equity firm Kimmeridge outlines which shale basins have the best runway for returns over the next 10 yearsand why the spotlight is now turning to Canada. Kimmeridge projects this basin to move into third place in well economics over the next decade.

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Basin Condensate Gas Oil 52

Rextag

MAY 15, 2025

Permian Resources Corporation, a leading pure-play operator in the Delaware Basin, has reported strong first-quarter 2025 financial and operational results and announced a strategic bolt-on acquisition of APA Corporations Northern Delaware Basin assets for $608 million. million shares repurchased in April 2025 ($10.52

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Basin Operator BBL Natural Gas 52

Rextag

JUNE 2, 2025

A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. Although the pace of growth is clearly slowing, the basin still offers significant upside potential.

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Basin Exploration and Production Oil Condensate 40

Oil & Gas 360º

APRIL 7, 2025

million barrels per day (bpd), NOC says. The national corporation looks to boost oil production to 2 million barrels per day within the next three years, contingent on sufficient funding. Per a statement by the NOC of Libya, Italys Eni resumed exploratory drilling in the Ghadames Basin in October.

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Exploration and Production Oil Crude Oil Barrel 130

Permian Basin Oil and Gas Magazine

APRIL 29, 2025

First quarter production was 475,944 barrels of oil per day (850,656 boed). The post Facing market volatility, Diamondback reviewing operating plan for 2025 appeared first on Permian Basin Oil and Gas Magazine. Diamondback said it can further lower its breakeven oil price through capital and operating cost reductions.

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Operator Basin Barrel Oil 83

Enverus

APRIL 8, 2025

Total company-disclosed proved oil reserves amount to about 30 billion barrels which breaks-even at prices lower than $50 WTI. To access most of the remaining 100 plus billion barrels of undeveloped oil sands resource, new greenfield mining and SAGD projects are required. Thats over 20 years of current production.

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