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

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.

Natural Gas

Enverus

JUNE 10, 2025

million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. Historically, EOG has favored organic growth, focusing on early-entry positions in core shale plays like the Delaware Basin and Eagle Ford.

IT

Oil & Gas 360º

JUNE 23, 2025

TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month. The leading three cities by total unique oil and natural gas job postings were Houston (2,064), Midland (546) and Odessa (398), said TIPRO.

Gas

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

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

Permian Basin Oil and Gas Magazine

AUGUST 1, 2025

In the second half of 2025, West Texas Intermediate (WTI) is expected to average around $66 per barrel, reflecting elevated geopolitical risk premiums—particularly due to tensions in the Middle East—while tempered by ample global supply growth. Screenshot Jesse Mullins, Editor Jesse Mullins is editor of Permian Basin Oil and Gas Magazine.

Gas

Rextag

JUNE 10, 2025

million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. This acquisition creates a third foundational play for EOG alongside the Delaware Basin and Eagle Ford, enhancing the quality, scale, and resilience of our multi-basin portfolio,” said Ezra Y. Yacob, Chairman and CEO of EOG.

Condensate

Valor

JULY 28, 2025

Read mo re EIA revises oil price forecast but still expects prices to decrease Summary : In its July Short-Term Energy Outlook, the EIA revised its 2025 Brent crude oil price forecast up by $3 to an average of $69 per barrel, citing geopolitical risk from the Israel-Iran conflict. Consequently, EIA projects U.S. million bpd in Q2 2025 to 13.3

Royalty

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

Permian Basin Oil and Gas Magazine

JUNE 27, 2025

Geological Survey that shows significant increases in undiscovered crude oil and natural gas under federally managed U.S. The report shows federal lands in Permian Basin with 8.936 billion barrels of oil and 58,468.4 billion cubic feet of gas. billion barrels of oil and 391.6 billion barrels of oil and 201.1

Oil

Rextag

JUNE 20, 2025

The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. Meanwhile, a new LNG terminal in British Columbia is set to boost natural gas demand. billion barrels of NGLs, and 1.13

Gas

Rigzone

JULY 18, 2025

Natural Gas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? million stock tank barrels. billion barrels of oil. by Andreas Exarheas | Rigzone Staff | Friday, July 18, 2025 | 6:43 AM EST Rigzone talks to David Moseley, the Head of Europe Research at Welligence.

Oil

Permian Basin Oil and Gas Magazine

JULY 1, 2025

million barrels per day in April, according to Monday’s Petroleum Supply Monthly from U.S. Gross natural gas production in lower 48 states increased to a record 120.31 Texas gas production grew by 1.2 Texas gas production grew by 1.2 million b/d appeared first on Permian Basin Oil and Gas Magazine.

Oil

Valor

JUNE 9, 2025

per barrel. Read more Natural gas price outlook – Natural gas gaps lower to start the week Summary : Natural gas prices opened the week with a gap lower amid weak demand and uncertainty over U.S. gas prices hold steady at $3.12 gas price is $3.12 and WTI at $64.64 exports to Europe.

Energy

Rigzone

JUNE 20, 2025

The Ahara license, awarded under the North African country’s 2024 bidding round, sits at the “intersection of the prolific Berkine and Illizi Basins”, TotalEnergies said in a press release. TotalEnergies’ other producing fields in Algeria are the Timimoun gas fields (37.75 square miles) onshore Algeria.

Exploration and Appraisal

Rextag

JULY 21, 2025

has finalized its acquisition of Montney Basin oil and gas assets from Strathcona Resources Ltd. The newly acquired assets are evenly split between oil and natural gas production and are expected to contribute approximately 37,000 BOE/D to ARC’s output for the remainder of the year. ARC Resources Ltd. billion (US$1.18

Energy

Rigzone

JULY 25, 2025

“This protocol follows the recent signing between Eni and Sonatrach of the agreement of the Zemoul El Kbar area and the allocation of the Reggane II area, which together with the initiatives covered by the protocol will contribute to increasing gas production up to 5.5 The license, covering 4,200 square kilometers (1,621.63

Energy

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

Rigzone

JUNE 27, 2025

Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. The asset is one of the few blocks in Viernam that contains large-scale commercial oil and gas fields. percent, SK Group holds 7.2

BCF

Valor

JUNE 30, 2025

national oil and gas rig count fell by seven to 547 for the week ending June 27, with oil rigs down six to 432 and natural gas rigs down two to a total of 109. 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.

Energy

Rigzone

JUNE 9, 2025

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS North America Drops More Rigs by Andreas Exarheas | Rigzone Staff | Monday, June 09, 2025 | 10:13 AM EST North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Basin

Rigzone

AUGUST 4, 2025

BP found an estimated 500-meter (1,640-foot) column of oil and gas at the Bumerangue block in the Santos basin, it said Monday, giving little other detail. million barrels of oil equivalent a day - remains unchanged. The find adds to other discoveries this year in Trinidad & Tobago, the Gulf of Mexico and Egypt.

Exploration and Production

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Oil Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 4:13 AM EST Weaker liquids prices offset higher sales volumes. Domestic gas sales rose from 45.8 million barrels to 1.85

Oil

Oil & Gas 360º

JULY 31, 2025

Past Energy Transition and Emerging Technology sessions have featured innovations in geothermal, lithium, solar, helium, renewable natural gas, carbon capture, and even robotics. cacgroup.com bpx energy bpx energy, bp’s US onshore business, operates in the Permian, Eagle Ford, and Haynesville basins. Guaranteed.

Energy

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 company said in a media release production resumed following major site upgrades in 2024 and 2025.

Exploration and Production

Rigzone

JULY 30, 2025

Image by DINphotogallery via iStock Tokyo, Japan-based Inpex Corporation said it has acquired stakes in several oil and gas assets in the Norwegian Sea. With the acquisition of the new stakes, IIN’s oil and gas production volume will increase to about 27,000 barrels per day (bpd) from approximately 23,000 bpd, the company said.

Exploration and Appraisal

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. Libya currently pumps about 1.4 Waha Oil Co.,

Oil

Rigzone

JULY 17, 2025

on Wednesday reported $615 million in adjusted net income attributable to common shares for the second quarter, up 13 percent from the same three-month period last year thanks to higher volumes of transported natural gas and refined oil products. Kinder Morgan’s natural gas pipelines carried 44.59 billion to $1.97

Natural Gas

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

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

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

Rigzone

JULY 17, 2025

0% Brent Crude $68.41 -0.16% Natural Gas $3.58 +0.82% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 3:21 AM EST Weaker liquids prices offset higher sales volumes. Domestic gas sales rose from 45.8 million barrels to 1.85

Barrel

Rigzone

AUGUST 1, 2025

“This equity split reflects the contributions and strategic alignment of both parties in the creation of a market-leading entity in the UKCS, with a projected 2025 production of approximately 130,000 barrels of oil equivalent per day”, Repsol said in a statement online announcing completion. and Repsol Resources UK Ltd.

Completion

Oil Gas Leads

JULY 25, 2025

But perhaps more notable is the company’s aggressive technology development: Liberty field-tested its digiPrime system, the industry’s first variable-speed natural gas reciprocating engine , designed to cut emissions and fuel costs on frac spreads. A microgrid collaboration with AltitudeX Aviation at Colorado’s Air & Space Port.

Energy

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. Start-up is targeted 2028.

Offshore

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