Oil & Gas 360º

MARCH 6, 2025

That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S. Permian oilfield and strong export demand for WTI Midland crude widened price differentials. WTI Midland crude traded at a $1.08 crude futures in March, easing from a 11-month high of $1.22 crude futures.

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Oil & Gas 360º

MAY 30, 2025

(Oil Price) –Crude oil and natural gas investments in Colombia could rise to $4.68 billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. Colombia’s 2024 oil recovery rate averaged 27 percent, energy minister Andres Camacho said last May.

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Oil Gas Leads

MAY 3, 2025

The Hacksaw Crude Oil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Key Features and Capabilities Storage Capacity : The terminal’s capacity was expanded from 20,000 barrels per day (bpd) to 40,000 bpd.

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Iraq Business News: Oil & Gas

APRIL 14, 2025

Iraq has signed a contract for the construction of its third offshore pipeline to enhance the stability and flexibility of crude oil exports from its southern ports. million barrels per day. The operational capacity of the pipeline will be approximately 2 million barrels per day.

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Oil & Gas 360º

APRIL 9, 2025

(BOE Report) – Oil and gas firm APA said on Wednesday it curtailed about 8 million cubic feet per day of U.S. natural gas production and 500 barrels per day of U.S. In January, APA said it reduced production by about 23,500 barrels of oil equivalent per day (boepd) in the fourth quarter. per Mcf worldwide.

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Egypt Oil & Gas

MARCH 6, 2025

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5%

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RBN Energy

MARCH 14, 2025

In todays RBN blog, well look at how PADD 4 dispenses these barrels and its role in balancing continental crude oil supply and demand. At the same time, the area has also seen increasing volumes coming in from PADD 2 and Canada.

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Oil & Gas 360º

MARCH 18, 2025

We are discovering previously unknown hydrocarbon deposits one after the other and further strengthening the country’s security of supply: with the oil deposits in Vecss and Tura and the natural gas fields in Eastern Hungary, we have reached a five-year peak in domestic production. thousand barrels of oil equivalent per day (boed).

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The Energy Law

SEPTEMBER 13, 2007

The Energy Information Agency reported as follows in its September 13, 2007, report: Since Wednesday, September 5, natural gas spot prices increased as tropical storms threatened to disrupt supplies and pipeline explosions in Mexico stirred concerns of supply security. MMBtu UP $0.32 West Texas Intermediate Spot $79.85/Bbl

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Oil & Gas 360º

APRIL 3, 2025

His five-year tenure coincided with a dramatic downturn in production, with Nigerias output of almost 2 million barrels per day dropping to almost half that amount as oil majors exited onshore wells plagued by persistent security issues.

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Permian Basin Oil and Gas Magazine

MAY 9, 2025

Pipeline transportation volumes rose 6 percent to 13.2 million barrels per day of NGLs, crude oil, refined products and petrochemicals. Total fee-based natural gas processing volumes increased 12 percent or 760 million cfd to a record 7.2 billion cfd in the first quarter compared to 2024Q1. million boed, including 7.9

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The Energy Law

SEPTEMBER 6, 2007

Crude oil was up over $2 per barrel. Furthermore, the company announced a strained operating condition warning, which was cancelled on September 3. – Transco Gas Pipeline Corporation released a notice on September 4 regarding firm backhaul transportation service for winter 2007-2008. MMBtu UP $0.17

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Rextag

MAY 19, 2025

Grand Mesa Pipeline The divestitures fit into a multi-quarter effort by NGL to simplify its business and emphasize more predictable, fee-based midstream revenue. 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).

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Oil Gas Leads

MARCH 8, 2025

West Texas NGL Pipeline Expansion The West Texas NGL pipeline is being expanded to 740,000 barrels per day (bpd) to accommodate increasing NGL production. The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. Additional crude and NGL gathering expansions.

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Oil Gas Leads

MARCH 11, 2025

Enterprise Products Partners LP , a leading midstream operator, is taking a strategic approach to expansion , focusing on pipeline investments, LNG and LPG exports, and securing fee-based revenue to ensure long-term stability. Major Pipeline Expansions: Bahia NGL Pipeline (Q4 2025) Increasing NGL takeaway from the Permian.

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Valor

FEBRUARY 24, 2025

Oildips on pending Kurdistan supply resumption Summary : Oil prices declined on Monday, extending last weeks losses, as markets anticipated the resumption of crude exports from Iraqs Kurdistan region. Brent crude fell 20 cents to $74.23 per barrel, while WTI dropped 28 cents to $70.12 crude output to grow from 13.2

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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. oil and gas production , with Energy Transfer reporting a 9% increase in legacy Permian throughput in 2024. Phase 1 (1.5

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Oil & Gas 360º

MARCH 10, 2025

Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Barrel of Oil Equivalency “Boe” means barrel of oil equivalent. on other countries and responses thereto could have a material adverse effect on the Canadian, U.S.

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Oil Gas Leads

MARCH 22, 2025

Production The Permian Basin remains the most productive oil and natural gas field in the U.S. With expected crude oil output increasing to 6.6 million barrels per day and natural gas production reaching 25.8 Pipeline and Export Expansion Pipelines continue to be the backbone of the U.S.

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Oil Gas Leads

MARCH 24, 2025

Energy Information Administration (EIA) projects continued growth in both crude oil and natural gas output throughout 2025. crude production is expected to increase to approximately 13.6 million barrels per day (bpd), up from a record 13.2 crude output to rise to approximately 13.6 million bpd in 2024.

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Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Key Developments: Iraq will continue efforts to compensate for past overproduction.

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Oil Gas Leads

MARCH 8, 2025

During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand. Crude oil and NGL volumes are rising , driving more demand for transportation and processing.

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Oil & Gas 360º

MAY 15, 2025

HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives. Boe may be misleading, particularly if used in isolation.

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Energy Transfer

FEBRUARY 12, 2025

We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). The increase was primarily due to increased gains related to pipeline and storage optimization opportunities.

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Oil Gas Leads

MARCH 10, 2025

crude oil production will rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.6 Crude oil production remains on track for record levels , even as rig counts fluctuate. million bpd in 2025. Key Takeaways The rig count decline is modest , suggesting a more stable period after recent additions.

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Drillers

MARCH 24, 2020

The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa.

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Egypt Oil & Gas

MARCH 26, 2025

This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the companys fiscal year results in 2024.

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Oil Gas Leads

MARCH 13, 2025

In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. onshore shale operations, with 264,000 boepd being natural gas, primarily associated with crude oil output. benchmark gas prices more than doubling in the past year to around $4.4

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Oil & Gas 360º

APRIL 23, 2025

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.

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Rextag

FEBRUARY 24, 2025

Oil and Gas Basins: Growth, Challenges, and 2025 Outlook Permian Basin (Texas & New Mexico) The Undisputed Leader 2023-2024 Overview The Permian Basin has remained the most important oil-producing region in the United States, supplying nearly 46% of the nations crude oil output in 2024. crude oil investments.

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The Energy Law

JULY 21, 2016

Severance taxes on oil are paid based on the value of the oil at the time and place of severance. The value of the oil is the higher of: (1) The gross receipts received from the first purchaser, less charges for trucking, barging and pipeline fees, or (2) the posted field price. 47:633(7)(a).

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Energy Transfer

DECEMBER 23, 2024

It was another exciting and successful year for Energy Transfer and Sunoco, with everything from impactful acquisitions and a major pipeline deal to sports sponsorships and record-breaking donations. 2024 is almost in the books! As we wind down the remaining days until the New Year, lets take a look back at some of the highlights of 2024.

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Oil & Gas 360º

JUNE 17, 2025

Alberta has been fighting the federal government on the plan to cap emissions from oil and gas production, which the province and the industry see essentially as a cap on output. For years, Alberta has been trying to have more pipeline options to export its huge oil and gas resources, including to markets other than the United States.

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Oil & Gas 360º

MAY 16, 2025

(BOE Report) – China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. Chinas new interest in Canadian oil comes as U.S.

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Oil & Gas 360º

APRIL 29, 2025

Canada is the worlds fourth-largest oil producer and the fifth-largest gas producer,accordingto the International Energy Agency. Nearly all of its oil and much of its gas is exported to the U.S. West Texas Intermediate oil prices have fallen by about 20, to near $63 a barrel, since U.S.

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Oil & Gas 360º

APRIL 9, 2025

(World Oil) – The plunge in oil prices over the past week was more severe than the markets dynamics justify, and the drop may be short-lived, according to Canadian energy executives gathered in Toronto. West Texas Intermediate prices in the low $60-per-barrel range would likely cause U.S. a barrel over the past 12 months.

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Oil & Gas 360º

MAY 22, 2025

An example of this is seaborne exports of crude oil from Canada, which have shifted away from the United States and towards China, even though Trump backed away from his initial plan to impose a 10% tariff on energy imports from Canada. The discount of Western Canadian Select crude to U.S. refiners.

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