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Making enhanced oil recovery great again: OBBA 45Q tax credit shift cuts E&P costs by 40%

Enverus

This also puts the conventional EOR opportunity at a more cost-competitive production breakeven than the highest remaining unconventional inventory left in the Permian, which sits at $27 per barrel,” Jen said. This is due to the incremental barrel of oil as well as avoiding lengthy Class VI permitting timelines,” said Jen.

E&P
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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

tariffs policy and OPEC+ pumping more barrels, Canada’s oil sands industry finds itself in a position of strength. That means oil sands producers have lowered their overall costs by approximately $10 a barrel in about seven years. bbl between 2017 and 2019, according to BMO. shale costs up. Back in 2017-2019, U.S.

Oil
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WTI and Permian Gas Price Trends

Permian Basin Oil and Gas Magazine

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. Producers continue to scale back drilling plans.

Gas
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Khalda Petroleum to Bring 2 New Wells Online This June

Egypt Oil & Gas

Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.

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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. It was costing up to US$10/bbl to ship PW to out of state SWDs because Pennsylvania had only nine permitted SWDs.

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Saudi Aramco Reports $50.9bn Net Income in H1 2025

Egypt Oil & Gas

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, reported a half-year adjusted net income of $50.9 Despite geopolitical headwinds, we continued to supply energy with exceptional reliability to our customers, both domestically and around the world,” Amin H. billion, with a net income of $24.5

BBL
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Chevron’s Permian production tops 1 million boe/d, executives shift focus to cash flow

Oil & Gas Journal

times the barrels it does in the Denver-Julesburg basin and five times as many as in the Bakken—is in the lead when it comes to the focus on cash flow. bbl versus $59.85 “At some point, growth is less the objective than free cash flow,” chief executive officer Mike Wirth told analysts and investors on an Aug.