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(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
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.
The Hacksaw Crude Oil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Key Features and Capabilities Storage Capacity : The terminal’s capacity was expanded from 20,000 barrels per day (bpd) to 40,000 bpd.
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.
Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand.
The Permian Basin continues to solidify its role as the driving force behind U.S. 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. oil and gas production.
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.
Gulf Coast refiners processing Mars crude enjoying a doubling of margins to some $16 per barrel, $7 margins in Singapore for Dubai crude, and a 36% margin jump in Asia for Arab Light crude. Delek US posted a deeper-than-expected net loss of $173 million, citing market softness and operational headwinds.
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.
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.
ConocoPhillips is reportedly preparing to sell its oil and gas assets in Oklahomas Anadarko Basin, aiming to raise over $1 billion as part of a broader divestment strategy. The assets, acquired through the $22.5 Oil & Gas Dirctory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
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.
This approach focuses on vertical integration, midstream infrastructure expansion, and enhanced export capabilities to dominate global markets for LNG, LPG, and NGLs. midstream operators are increasingly adopting vertical integration to control the entire value chainfrom gathering and processing to transportation and export.
million barrels per day of NGLs, crude oil, refined products and petrochemicals. Jim) Teague, co-CEO, said April 29, During the first quarter of 2025, Enterprise continued to benefit from Permian driven volume growth and consistent domestic and international energy demand pull across our midstream infrastructure system.
million net acres and over 2 billion barrels of oil equivalent in net undeveloped resource. This deal now gives EOG three foundational plays: Delaware Basin, Eagle Ford, and Utica. It reflects the companys focus on high-return, multi-basin growth while maintaining one of the strongest balance sheets in the industry.
A Strategic Fit: Scout Energy & High River Resources Scout Energy Management LLC Established in 2009 and headquartered in Dallas, Scout Energy Management LLC is a private energy investment manager specializing in the acquisition, operation, and enhancement of upstream energy assets and associated midstream infrastructure.
Example Statement (from past CNRL earnings): Our drill-to-fill strategy allows us to maintain high utilization of our existing infrastructure, reducing operating costs per barrel while maximizing capital efficiency. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.
natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. Haynesville Basin: The Right Time to Ramp Up The Haynesville Basin, located in eastern Texas and northwestern Louisiana, has long been a critical natural gas-producing region. BP is doubling down on its U.S.
This move follows the company’s $23 billion acquisition of Marathon Oil and aims to streamline operations and reduce costs amid industry challenges, including oil prices hovering around $63 per barrel.
The Cost Curve Advantage but Only if You Keep Drilling Ryan Lance (ConocoPhillips) underscores the advantage of inventory depth: We have decades of inventory below our $40 per barrel WTI cost of supply threshold this optionality is what separates the inventory haves from the have nots. is just not being produced today.
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?
billion Date: October 11, 2024 ExxonMobil made waves by acquiring Pioneer Natural Resources, securing 850,000 net acres in the Permian Basin. This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). Positioned Sunoco as a midstream infrastructure leader, crucial for energy logistics.
In that month, it produced 11,802 barrels of oil and 139,548 MCF of gas. It produced 16,238 barrels of oil and 579,133 MCF of gas during that month. It produced 16,335 barrels of oil and 401,618 MCF of gas in that month.
Production and Capital Investment Looking ahead, Cenovus forecasts an upstream production range of 805,000 to 845,000 barrels of oil equivalent per day (BOE/d) for 2025, representing a 4% increase compared to 2024 Cenovus Energy. which have been instrumental in executing Cenovus’s drilling programs. billion to $5.0 billion in 2025.
We have decades of inventory below our $40 per barrel WTI cost of supply threshold this optionality is what separates the inventory haves from the have nots. Kaes Vant Hof Inventory only delivers resilience if its converted into barrels steadily and efficiently. Mike Wirth Weve adjusted our forward development schedule.
Grand Mesa Pipeline The divestitures fit into a multi-quarter effort by NGL to simplify its business and emphasize more predictable, fee-based midstream revenue. In particular, the company is placing renewed emphasis on the Grand Mesa Pipeline , its flagship crude oil system serving producers in Colorados Denver-Julesburg Basin (DJ Basin).
Shale at $40 Oil Even with oil prices hovering around $40 per barrel, U.S. Rather than chasing barrels, operators are acquiring high-quality assets that can be rapidly integrated into efficient, low-cost portfolios. How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. shale producers are thriving.
For example, a single well pumped at 80 barrels per minute (BPM) across 10 clusters delivers 8 BPM per cluster. Completion engineers must adapt their designs to preserve injection rate per cluster , which directly impacts proppant transport and fracture geometry. BPM unless stage design is adjusted.
We have decades of inventory below our $40 per barrel WTI cost of supply threshold Ryan Lance, ConocoPhillips Over a third of our production comes from short cycle U.S. Darren Woods, ExxonMobil The Marathon assets gave us another 2+ billion barrels sub-$40 cost of supply. But that advantage only matters if rigs stay active.
We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). These investments were primarily in the midstream NGL and refined products segments.
Despite this trick rather than treat, ExxonMobil boosted production by 80,000 oil-equivalent barrels daily, driven by growth in the Permian Basin and Guyana. Phillips 66: Chemical and Midstream Magic Phillips 66 surprised investors with a Q3 profit beat, driven by strength in its chemicals and midstream segments.
MAY Energy Transfer Reports Strong First Quarter Results Energy Transfer started the year strong , reporting 13% growth in adjusted EBITDA over Q1 2023 driven by increased crude oil transportation, NGL transportation and fractionation, midstream gathering and interstate transportation volumes.
The longer-term weekly chart, which sets moving averages below both the 100 and the 200 period, is possibly trending back towards the $65-per-barrel area. In this favorable environment, private companies in multiple basins realized significant returns for their investors by exiting their commitments.
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