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 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 BCF Pipeline 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 Utilities Oil Completion 52

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

Permian Basin Oil and Gas Magazine

APRIL 14, 2025

You are probably aware that the water problem in the Permian Basin is direit is the desert, after all. Disposal of produced water in the past was largely a matter of just pumping it back down underground, as is seen in the proliferation of SWDs (Salt Water Disposals) that dot the landscape in the Permian Basin. Not even on eBay.

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Basin Exploration and Production Disposal Well Barrel 96

Oil Gas Leads

MAY 3, 2025

Key Features and Capabilities Storage Capacity : The terminal’s capacity was expanded from 20,000 barrels per day (bpd) to 40,000 bpd. This expansion included the construction of three 5,000-barrel API 650 steel oil tanks, a 1,000-barrel slop oil tank, and a 750-barrel fiberglass water tank.

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Midstream Crude Oil Oil Basin 52

Oil & Gas 360º

MAY 13, 2025

The Program Area consists of counties located in theWilliston Basin, although both parties may consider opportunities in otherRocky Mountainbasins upon mutual consent. The Transaction contemplated by the Agreement positions Zephyr to capitalise on a robust pipeline of opportunities across theWilliston Basin.

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Energy Energy Basin Operator 130

Oil & Gas 360º

MAY 29, 2025

In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the million barrels of oil equivalent (“boe”) for the well. the “Paradox project”).In

BCF 130

BCF Energy Energy Condensate 130

Oil Gas Leads

MAY 2, 2025

upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. The term advantaged is used repeatedly in the earnings release not as corporate jargon, but as a meaningful lens into ExxonMobils capital allocation and earnings engine. upstream earnings jumped to $1.87

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Upstream Consulting Basin Engineering 52

Oil Gas Leads

MARCH 24, 2025

million barrels per day (bpd), up from a record 13.2 Regional drilling activity remains mixed, with the Permian Basin and Eagle Ford experiencing slight declines, while other areas such as Oklahoma and Louisiana are showing growth. Regional Breakdown : Permian Basin : Declined by 1 rig to 300, down by 15 rigs compared to last year.

Engineering 52

Engineering Engineer Consulting Barrel 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

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Royalty Energy Energy Basin 130

Oil Gas Leads

APRIL 10, 2025

Chevrons primary deployment is in the Permian Basin , the largest oil-producing region in the U.S. But the company is also starting to apply the technique in the Denver-Julesburg (DJ) Basin in Colorado. Triple-frac takes it a step further by completing three wells at once using a shared set of frac spreads, pumps, and power systems.

Completion 59

Completion Consulting Basin Engineering 59

Oil Gas Leads

APRIL 12, 2025

Engineers point to improved fracture predictability as a compelling advantage. Engineering Tradeoffs: Its Not Just About Pumping More While multi-well stimulations offer clear benefits, theyre not plug-and-play. For example, a single well pumped at 80 barrels per minute (BPM) across 10 clusters delivers 8 BPM per cluster.

Completion 52

Completion Operator Basin Engineering 52

Oil Gas Leads

MAY 6, 2025

That means cutting around 2 million barrels per day. Diamondback Energy, a bellwether in the Permian Basin, has already pulled back. The company announced a 10% cut in capital spending and said it wont resume growth until crude climbs back into the $55$65 per barrel range. Diamondback Cuts Whos Next? Whats Next?

Oil 52

Oil Basin Barrel E&P 52

Oil & Gas 360º

APRIL 10, 2025

It is targeting 365 million barrels ofunrisked and 32 million barrels of risked prospective light/medium oil resources (1) , or 1.9 Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far.

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Exploration Well Petroleum Spud-in Exploration and Production 130

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. What are the key companies doing to stay competitive? MMBbl/d.

Basin 40

Basin Oil Gas Exploration and Production 40

Oil Gas Leads

MARCH 10, 2025

million barrels per day (bpd) in 2024 to around 13.6 Gas drilling activity could increase in response to a projected rise in gas prices, potentially benefiting gas-heavy basins like the Marcellus and Haynesville. crude oil production will rise from a record 13.2 million bpd in 2025.

Engineering 52

Engineering Engineer Consulting Gas 52

Rextag

APRIL 16, 2025

We are focused on delivering more affordable and reliable energy from this region, building our capacity to over 400,000 barrels of oil equivalent per day by the end of the decade. million barrels of oil equivalent per day globally by 2030, with approximately 1 million barrels expected from the U.S. BP is also targeting 2.32.5

Oil 52

Oil Upstream Exploration Well Exploration and Production 52

Oil Gas Leads

APRIL 29, 2025

billion in reserve equivalent to $10 per barrel of oil price sensitivity. per barrel for 2025 , reflecting a cautious outlook while retaining operational agility. Top 10 Drilling Rigs by Total Activity (Q1 2024 + Q1 2025) BP and its offshore peers continued to rely on leading rigs across multiple basins. billion (up from $1.2

Exploration and Production 52

Exploration and Production Oil Drilling rig Consulting 52

Rextag

JANUARY 21, 2025

Limited access to core acreage in basins like the Permian has prompted landmark deals, including ExxonMobils acquisition of Pioneer Natural Resources and Chevrons purchase of Hess Corporation. PERMIAN BASIN: OPTIMIZING RECOVERY IN A MATURE PLAY The Permian Basin , a cornerstone of U.S. Currently, at $2.75/MMBtu,

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IT Gas BBL Oil 40

Oil Gas Leads

MARCH 31, 2025

billion acquisition of Pioneer Natural Resources, Woods emphasized how innovationnot just scaleis at the heart of ExxonMobils growth plans, especially in the Permian Basin. As the company moves forward with its $59.5 The Problem: Low Recovery Rates in Shale Fracking has revolutionized U.S. oil and gas production, but its far from perfect.

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Hydraulic Fracturing Oil Oil In Place Gas 52

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. This is because the volume of CO 2 that is injected to produce the barrel is equal to the emissions it creates.

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Casing Abandonment Oil Basin 59

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. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

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Exploration and Production Energy Energy Natural Gas 130

Rextag

APRIL 24, 2025

The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.

Gas 52

Gas BCF BBL Exploration and Production 52

Rextag

APRIL 24, 2025

The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.

Gas 40

Gas BCF BBL Exploration and Production 40

Oil & Gas 360º

MARCH 27, 2025

The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S. million barrels per day (bpd), a record level and nearly half the all-time high 13.5 Producers are dealing with rising levels of water and gas per barrel produced, which is slowing growth and driving up costs.

Oil 130

Oil Basin Barrel Hydraulic Fracturing 130