Oil & Gas 360º

JULY 18, 2025

Bakken, to Chevron’s diversified global portfolio where it is a leader in the Permian Basin, Gulf of America, DJ Basin, Kazakhstan, Eastern Mediterranean and Australia. offshore operations in Guyana’s Stabroek block. The acquisition adds world class assets, including Guyana and U.S.

Completion 130

Completion Offshore Basin Natural Gas 130

Oil Gas Leads

JULY 8, 2025

Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. million barrels of oil per day as of Q1 2025. These operators collectively reflect the basin’s evolution toward capital discipline, lateral length optimization, and refrac innovation.

Basin 52

Basin Spud-in Natural Gas Operator 52

Oil & Gas 360º

JULY 2, 2025

Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. million daily barrels within a year, according to Seliman. The development of its north Jalo field alone would add 100,000 barrels. million bpd.

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Exploration and Production Oil Barrel Field 130

Oil & Gas 360º

JULY 18, 2025

Stabroek is a highly attractive asset, with 11 billion barrels of oil reserves and production costs of only around $20 a barrel, among the lowest in the world, according to consultancy Rystad Energy. Chevron had an early advantage given its ownership of large swathes of land in the Permian basin, the shale heartland.

Oil 130

Oil Exploration and Production Barrel Field 130

Oil Gas Leads

JUNE 12, 2025

Led by co-CEOs Will Hickey and James Walter—both under 40—Permian Resources has quickly become the largest pure-play producer in the Delaware Basin, proving that bold strategy and disciplined execution still win in a volatile market. It’s now the largest pure-play oil company in the Delaware Basin (Texas/New Mexico). 1762 in 2025.

Basin 52

Basin Operator Oil Gas 52

Permian Basin Oil and Gas Magazine

JULY 11, 2025

million barrels per day in the second quarter of 2025 to less than 13.3 million barrels per day in the second quarter of 2025 to less than 13.3 production this year from previous forecast appeared first on Permian Basin Oil and Gas Magazine. This week U.S. producers slowing their drilling and completion activity this year.

Crude Oil 64

Crude Oil Basin Completion Oil 64

Rigzone

JULY 15, 2025

Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Mach Natural to Acquire Assets in Permian, San Juan Basins by Rocky Teodoro | Rigzone Staff | Tuesday, July 15, 2025 | 8:00 AM EST The transactions are expected to close during the third quarter, each with an effective date of April 1, 2025.

Basin 67

Basin Natural Gas Oil Gas 67

Oil & Gas 360º

JULY 23, 2025

The deal expanded ConocoPhillips’ presence in the Permian, Eagle Ford, Anadarko, and Bakken shale basins. These assets currently produce some 39,000 barrels of oil equivalent per day (boepd), about half of which is natural gas. Stone Ridge Asset Management. to manage a potential deal. billion in debt.

Natural Gas 130

Natural Gas Basin Management Oil 130

Oil & Gas 360º

JULY 21, 2025

The offshore oilfield holds more than 11 billion barrels of oil and is one of the fastest-growing oil production regions in the world. oilfield, the Permian basin. (BOE Report) – ExxonMobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S.

Casing 130

Casing Oil Offshore Crude Oil 130

Rextag

JUNE 10, 2025

million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. The acquisition will be funded through a combination of $3.5 billion in new debt and $2.1 billion in existing cash, allowing EOG to preserve its shareholder equity. Yacob, Chairman and CEO of EOG. per share, payable October 31, 2025.

Condensate 52

Condensate Basin Operator Sustainable 52

Rigzone

JULY 18, 2025

million stock tank barrels. “Drilling of ‘Ain Dar began in 1948, with production starting in 1951 at an extraordinary rate of 15,600 barrels per day (bpd) of ‘dry oil’- which contains only a small amount of basic sediments,” the story noted. billion barrels of oil. billion barrels of oil.

Oil 108

Oil Exploration and Production Barrel Upstream 108

Permian Basin Oil and Gas Magazine

JULY 4, 2025

The four leases were granted by two surface owners, the Colliers, between 2005 and 2014, and COG drilled 72 horizontal wells that generated nearly 52 million barrels of produced water. The post Texas Supreme Court rules produced water belongs to mineral lessee appeared first on Permian Basin Oil and Gas Magazine.

Upstream 59

Upstream Midstream Operator Basin 59

Rigzone

JULY 8, 2025

Image by Yarphoto via iStock The world’s biggest oil product market is hungry for barrels as traders grapple with a summer supply squeeze. ” Diesel markets spiked last month when the fighting between Israel and Iran threatened millions of barrels of fuel exports from the Persian Gulf.

Barrel 62

Barrel Refinery Oil Maintenance 62

Oil Gas Leads

JULY 26, 2025

It’s no longer about chasing barrels at any cost. Coterra Energy acquired 49,000 acres in a top-tier zone of the Delaware Basin. Infrastructure Leverage: Pipelines as a Profit Engine In the Permian Basin, infrastructure is a strategic advantage—not just a necessity. The future isn’t just about barrels.

Gas 52

Gas Oil Basin Operator 52

Rextag

JUNE 20, 2025

Montney Formation: A Core Growth Basin The Montney formation, spanning Alberta and British Columbia, holds an estimated 449 Tcf of gas, 14.5 billion barrels of NGLs, and 1.13 billion barrels of oil, making it Canada’s top unconventional resource. million net acres across the Alberta Montney and Kaybob Duvernay formations.

Gas 52

Gas Oil Natural Gas Condensate 52

Oil Gas Leads

JULY 11, 2025

In May, the company reported that Megrez-1 produced over 2,000 barrels per day of liquids—but no meaningful oil or gas. UK-based explorer Pantheon Resources is moving forward with its Alaska drilling campaign despite recent setbacks at its Megrez-1 exploration well. The well was suspended, and shares dropped to 20.65

Exploration and Appraisal 52

Exploration and Appraisal Basin Exploration Well BCF 52

Oil Gas Leads

JULY 25, 2025

The Dallas-based independent energy company delivered exceptional performance across both its upstream and midstream segments, reaffirming its position as a leading player in the Delaware Basin. Matador Resources Company (NYSE: MTDR) has once again proven its operational and financial strength with a record-breaking second quarter in 2025.

Midstream 52

Midstream Basin Operator Oil 52

Oil Gas Leads

JUNE 11, 2025

Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Liquids” includes crude oil and NGLs.

Operator 52

Operator Gas Oil Basin 52

Rextag

JULY 21, 2025

has finalized its acquisition of Montney Basin oil and gas assets from Strathcona Resources Ltd. With the sale complete, Strathcona has repositioned itself as a pure-play heavy oil company, producing approximately 120,000 barrels of oil per day (100% oil). ARC Resources Ltd. in a transaction valued at approximately CA $1.6

Energy 40

Energy Energy Natural Gas Oil 40

Valor

JUNE 9, 2025

per barrel. The EIA forecasts Brent crude will average $74 per barrel in 2025, down from $80 in 2024, with average gas prices expected to fall to $3.20 The total count is down 35 rigs, or 6%, from the same time last year, with the Permian Basin, Eagle Ford, and Texas all hitting their lowest levels since November 2021.

Energy 52

Energy Energy Natural Gas Barrel 52

Rigzone

JUNE 9, 2025

A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Eagle Ford and Permian basins each dropped three rigs, the Granite Wash basin dropped one rig, and the Cana Woodford and Haynesville basins each added two rigs. Week on week, the U.S.

Basin 105

Basin American Petroleum Institute Oil Gas 105

Valor

JUNE 23, 2025

While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers. resilience stems from shifting from importing 14 barrels per capita in 1977 to net exporting 2.5 Read more Iran has an oil card to play.

Energy 52

Energy Energy Barrel Oil 52

Oilfield Technology

JUNE 27, 2025

Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. Then the Texas Railroad Commission initiated a program to monitor seismic activity focused on the Permian Basin.

Midstream 52

Midstream Exploration and Production BBL Operator 52

Rigzone

JULY 2, 2025

Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. million barrels a day. million daily barrels within a year, according to Seliman. A representative for TotalEnergies declined to comment.

Oil 83

Oil Exploration and Production Barrel Field 83

Rigzone

JUNE 30, 2025

“Based on its decade long exploration and development success in Guyana in particular, ExxonMobil has created almost $30 billion in value and already surpassed 700,000 barrels per day of new oil production,” he added. “The company has set a new benchmark in opening up a deepwater frontier at pace.

Upstream 89

Upstream Exploration and Production Oil E&P 89

Valor

JUNE 30, 2025

In the Permian Basin, the rig count dropped by one to 270, well below the 305 active rigs a year ago, as oil prices experienced a steep decline for the week. per barrel, a sharp decrease of $9.41 billion barrels, with North Dakota’s reserves dropping the most by 12.3% (611 million barrels). in 2023 to 46.4

Energy 52

Energy Energy Natural Gas Oil 52

Offshore Energies UK

JUNE 23, 2025

billion barrels of oil and gas could still be produced from UK waters – 3.2 The government’s independent advisers, the Climate Change Committee, say in a scenario where the UK meets all its climate targets on time, UK homes and businesses will still use between 13 and 15 billion barrels of oil and gas.

Exploration and Production 78

Exploration and Production Barrel Government Field 78

Rigzone

JULY 4, 2025

In June 2025, Keddington produced a total of 992 barrels of oil over 23 days, with an average of 10.4 hours of pumping per day and a gross flow rate of 43 barrels daily, the company said. The newly installed equipment and facilities are functioning well and ongoing adjustments are being made to optimize production, it said.

Exploration and Production 62

Exploration and Production Infill Drilling Sidetracking Barrel 62

Oil & Gas 360º

JUNE 23, 2025

million barrels per day in the second quarter of 2025. Almost all of the production growth has come from the Permian Basin region. Energy Information Administration (EIA) showing domestic crude oil production reached an all-time high of 13.5 Oil production has jumped this year after hitting a record 13.2

Gas 130

Gas Oil Natural Gas Maintenance Technician 130

Rigzone

JULY 17, 2025

million barrels of oil equivalent (MMboe) in the April-June quarter, up one percent sequentially. Higher production in Western Australia was offset by flood impacts in the Cooper Basin. million barrels to 1.85 million barrels, but condensate sales dropped from 1.14 million barrels to 997,600 barrels.

Oil 79

Oil Barrel Gas Completion 79

Rigzone

JULY 25, 2025

“With an equity production of about 137,000 barrels of oil equivalent per day in 2024, Eni stands as the most important international company operating in the country [Algeria]”, it added. billion cubic meters per year by 2028, with total investments of more than $8 billion”, Eni said.

Energy 86

Energy Energy Exploration and Production Natural Gas 86

Rigzone

JUNE 27, 2025

Adura, which will be equally owned, combines the two companies’ offshore assets in the UK, where Shell currently produces over 100,000 barrels of oil equivalent a day (boed) and Equinor about 38,000 boed. “Adura is expected to produce over 140,000 barrels of oil equivalent per day in 2025”, Equinor said.

Exploration and Production 67

Exploration and Production Operator Oil Gas 67

Valor

JUNE 16, 2025

Oil prices fall more than $1 barrel on reports Iran seeks truce with Israel Summary : Oil prices fell 1.3% The laws create a DPS oilfield theft unit and task force to address rising pipeline thefts in the Permian Basin, which fuels Texas’ economy. Stay tuned for weekly updates to keep you well-informed.

Energy 52

Energy Energy Field Gas 52

Rigzone

JUNE 27, 2025

Block 15-1, an oil and gas block with one of the country’s largest reserves and one of the earliest to be developed, is located in the Cuu Long basin in the southern mainland of Vietnam and includes the Black Lion, Golden Lion, Brown Lion and White Lion oil and gas fields, according to the release.

BCF 62

BCF Field Natural Gas Exploration and Production 62

Rigzone

JULY 24, 2025

Image by Oleksii Liskonih via iStock TotalEnergies SE said Wednesday it has unlocked new production of 60,000 barrels per day (bpd) gross in Angola with the start-up of Begonia and CLOV Phase III. Begonia, 150 kilometers (93.21 miles) off the coast of the Central African country, has a capacity of 30,000 bpd. percent), ETU Energias (7.5

Offshore 62

Offshore Exploration and Production Infill Drilling Oil 62

Rigzone

JULY 17, 2025

million barrels of oil equivalent (MMboe) in the April-June quarter, up one percent sequentially. Higher production in Western Australia was offset by flood impacts in the Cooper Basin. million barrels to 1.85 million barrels, but condensate sales dropped from 1.14 million barrels to 997,600 barrels.

Barrel 79

Barrel Gas Oil Completion 79

Oil Gas Leads

JULY 26, 2025

Today, Occidental’s transformation is undeniable: Domestic oil production grew from 650,000 barrels per day (bpd) in 2015 to over 1.4 The company holds over 1 million net acres in the Permian Basin , the most productive shale play in North America. million bpd in 2024 , according to company filings. crude oil production hit 13.2

Energy 52

Energy Energy Consulting Oil 52