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

Enverus

“Our analysis of the budget reconciliation bill found that the hike in the tax credit from $60 to $85 per tonne reduces conventional EOR production breakevens by more than 40%, dropping from $28 to $16 per barrel. 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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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.

Gas
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Why India is in Trump’s crosshairs when crude is not even sanctioned

CNBC: Energy

million barrels per day. Technicians stand next to an oil rig which is manufactured by Megha Engineering and Infrastructures Limited (MEIL) at an Oil and Natural Gas Corp (ONGC) plant, during a media tour of the plant in Dhamasna village in the western state of Gujarat, India, August 26, 2021. Amit Dave | Reuters U.S.

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Banks betting on market fundamentals despite trade policy upheaval

Oil & Gas 360º

Oil forecasts show the immediate market impact from the approximately $10 per barrel drop in April 2025, with banks reducing their 2025 price projection to $58.30 per barrel from $61.89 per barrel in Fall 2024. Natural gas tells a dramatically different story. sources combined with relatively stable global demand.

BBL
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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

The term Oil and natural gas sales, net of blending is calculated by deducting purchased product and blending costs from oil and natural gas sales and sales of purchased product. This press release contains various references to the abbreviation boe which means barrels of oil equivalent.

BBL
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Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

Conventional / Mississippian Development Highlights Saturns 11-04 Frobisher Mississippian well at Browning in southeast Saskatchewan realized a record initial production rate after 30 days ( IP30 ) of approximately 340 barrels per day ( bbls/d ) based on a sample set of approximately 100 wells. GJ to $3.35/GJ.

Gas
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.