Oil & Gas Journal

AUGUST 1, 2025

1, 2025 3 min read Key Highlights Chevrons Permian basin production exceeded 1 MMboe/d. MMboe/d, driven by gains in the Gulf of Mexico and Permian basin. ’s production in the Permian basin topped 1 MMboe/d for the first time during the second quarter, hitting a target executives set for themselves more than 5 years ago.

Exploration and Production

Oil & Gas 360º

JULY 31, 2025

At under $2 for each additional barrel of oil recovered, ESal’s, RightWater offers one of the most cost-effective and environmentally responsible recovery methods available today. The team left corporate energy to build what the industry truly needs, intelligent, scalable, and sustainable technology for modern oilfield operations.

Energy

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

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

Rigzone

AUGUST 5, 2025

Image by Alvaro Victor via iStock Eni SpA said production has begun at the Agogo Integrated West Hub (IWH) development project, operated by Azule Energy in block 15/06 in the lower Congo Basin, offshore Angola. The project is operated by Azule Energy, a BP plc and Eni company, with a 36.84 percent and Sinopec International with 26.32

Offshore

Oil & Gas 360º

AUGUST 5, 2025

million barrels of oil and gas equivalent per day (boed) in the second quarter, up by 6% from a year ago and a record for the period, following last year’s $60 billion acquisition of Pioneer Natural Resources and rising output from low-cost operations in the Permian shale basin in the United States and offshore Guyana. Exxon pumped 4.63

Upstream

Rigzone

AUGUST 6, 2025

Image by Andrey Popov via iStock Perenco has completed the purchase of the Cherne and Bagre concessions in the shallow waters of Brazil’s Campos Basin from Petroleo Brasileiro SA (Petrobras). The Pargo area produces about 20,000 barrels per day (bpd), compared to 2,800 bpd when Perenco took over, according to Perenco.

Completion

Oil Gas Leads

JULY 25, 2025

These innovations underscore Liberty’s strategic push toward sustainable, performance-enhancing solutions for completions. With $276 million in liquidity , a recently upsized $750 million credit facility , and a clear path toward energy infrastructure diversification, Liberty is building long-term value—beyond just barrels.

Energy

Oil & Gas 360º

JUNE 26, 2025

a barrel, after an earlier rally faded. million barrels a day, more than Saudi Arabia and Iran combined, and companies in its shale basins have a unique ability to ramp up output quickly — within about 6 to 9 months — with the right oil-price incentive. Trump called to increase in U.S. in New York to $71.92 produces about 13.4

Basin

Rigzone

AUGUST 1, 2025

Meanwhile, Chevron also lifted output to an all-time high of almost 4 million barrels a day. The production bumps fed by booming output in the Permian Basin and elsewhere enabled the titans of the US energy sector to surpass Wall Street expectations even as oil prices slumped and the demand outlook darkened. WHAT DO YOU THINK?

Barrel

Rigzone

JUNE 24, 2025

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

Basin

Oil & Gas 360º

MAY 14, 2025

(Oil Price) –The Permian Basin has been the star of the U.S. Capable of surviving at sub-$50 per barrel of WTI for longer than U.S. Currently, the Montney shale produces some 2 million barrels of oil equivalent daily. This is by far the longest lifespan of all shale basins that the firm reviewed in its report.

Natural Gas

Oil Gas Leads

MAY 11, 2025

oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds.

Sustainable

Oil Gas Leads

APRIL 2, 2025

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.

Basin

Enverus

APRIL 8, 2025

Total company-disclosed proved oil reserves amount to about 30 billion barrels which breaks-even at prices lower than $50 WTI. To access most of the remaining 100 plus billion barrels of undeveloped oil sands resource, new greenfield mining and SAGD projects are required. Thats over 20 years of current production.

Oil

Oil & Gas 360º

MAY 27, 2025

million barrels daily. Today, the Permian is producing over 6 million barrels daily, accounting for nearly half of the U.S. The consultancy expects output there to add 200,000 barrels daily this year, for a total of 6.6 million barrels daily. million barrels daily in 2035. To be sure, the boom days seem to be over.

Barrel

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.

Oil

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.

Basin

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.

Basin

Rextag

MAY 5, 2025

The Ballymore development is designed to produce up to 75,000 gross barrels of oil per day from three production wells, all connected via a subsea tieback to Chevrons existing Blind Faith facility, located approximately three miles from the well site. Partnership and Ownership The project is operated by Chevron U.S.A.

Barrel

Oil Gas Leads

MARCH 13, 2025

The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. The company has built a reputation for acquiring mature, cash-flowing assets and optimizing their operations for long-term sustainability. domestic energy production. billion debt it will assume from Marathon Oil.

Basin

Oil Gas Leads

MARCH 7, 2025

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.

Basin

Oil Gas Leads

MAY 11, 2025

How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. 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. shale producers are thriving.

Sustainable

Oil Gas Leads

MAY 3, 2025

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.

Basin

Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Denver-based Civitas Resources said last week it expanded its Permian Basin position with the purchase of operated assets in Howard, Glasscock and Upton counties in Midland Basin. Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day. Forty percent of Permian activity is planned in Delaware Basin.

Basin

Oil & Gas 360º

APRIL 28, 2025

(Nasdaq: PROP) (the Company or Prairie) an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin today announced it is beginning completions of nine previously drilled but uncompleted (DUC) wells acquired in the recent Bayswater transaction.

Completion

Rextag

JUNE 2, 2025

A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI). million b/d.

Basin

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. This leads to a bifurcated situation: what is the sustainability of current methodologies for disposal, and what are the infrastructures and processes in place to take a product once regarded as waste and turn it into an asset?

Basin

Oil Gas Leads

MAY 2, 2025

upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. million boe/d in Q1. What Does “Advantaged” Mean?

Upstream

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. We need sustainable pricing before committing capital.

Oil

Oil Gas Leads

MARCH 11, 2025

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. Heres a breakdown of how Energy Transfer is positioning itself for sustained growth and profitability in the evolving energy market.

Energy

Rextag

MAY 19, 2025

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). The pipeline offers shippers access to both Midcontinent and Gulf Coast refining and trading hubs. refining network. and Canadian markets.

Energy

Rextag

DECEMBER 23, 2024

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). ExxonMobils Acquisition of Pioneer Natural Resources Value: $64.5

Oil

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,

IT

Rextag

DECEMBER 18, 2024

billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. million barrels of oil equivalent per day (boe/d) globally. million barrels of oil equivalent by 2005. Permian Basin Pioneer: Projects here used CO injection to produce an extra 1 million barrels annually by 2005.

Hydraulic Fracturing

Valor

APRIL 21, 2025

This program aims to bolster American energy security and sustain investment in offshore energy production. The project is expected to produce up to 75,000 barrels of oil per day through three wells tied back to the existing Chevron-operated Blind Faith facility. The Permian Basin remained at 289 rigs, down from 318 a year ago.

BCF

Oil & Gas 360º

MARCH 10, 2025

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders.

Exploration and Production