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Williston Basin White Paper

Oil Gas Leads

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.

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EOG Resources Acquires Encino for $5.6B, Expands Premier Utica Shale Position

Rextag

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.

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Whitecap and Veren Finalize $10.4B Merger, Create Top-7 Canadian Oil & Gas Producer

Rextag

The drop follows a surge in 2024 driven by the Trans Mountain pipeline expansion, which added 600,000 bpd of export capacity and sparked record lease demand. 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

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Reusing produced water

Oilfield Technology

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.

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Santos Q2 Revenue Slightly Hit by Lower Oil Prices

Rigzone

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.

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Valor | Energy Connection – June 16, 2025

Valor

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.

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Petrovietnam, JV Partners Sign PSC for Vietnam Block

Rigzone

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.

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