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(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
Tidewater Midstream and Infrastructure Ltd., a midstream company focused on natural gas processing, fractionation, storage, transportation and marketing, says it is utilizing Topsoe’s H2bridge technology to produce approximately 3,000 barrels per day of renewable diesel from its proposed renewable diesel facility.
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.
Sentinel Midstream received DOT approval for a project to build a petroleum export facility with loading rates of up to one million barrels a day off the coast of Brazoria County, Texas.
Dividend growth : The company reaffirmed its long-term dividend payout target of 50%–70% of discounted free cash flow. A Nationwide Midstream Platform The acquired asset base positions Keyera as a fully integrated NGL service provider with enhanced reach and operational flexibility.
Of the top ten companies listed by unique job postings last month, five companies were in the services sector, two midstream companies, one in the gasoline stations with convenience stores category, one petroleum refinery company and one oil and gas operator. million barrels per day in the second quarter of 2025.
COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.” The opinion in Cactus Water Services v.
With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. ” The Pion Midstream acquisition in 2024 reinforced Enterprises position in sour gas processing. Our goal is to export over 100 million barrels a month by 2027.”
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. This led to a new midstream water industry developing almost overnight to treat and move PW around the shale play.
That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S. million barrels in the Permian were cut by the recent cold weather that hit operations, according to estimates from analysts at consultancy Energy Aspects. million barrels last week, its highest level in four months.
Gulf Coast refiners processing Mars crude enjoying a doubling of margins to some $16 per barrel, $7 margins in Singapore for Dubai crude, and a 36% margin jump in Asia for Arab Light crude. Delek US posted a deeper-than-expected net loss of $173 million, citing market softness and operational headwinds.
Operates 450,000 net acres and produces 370,000 barrels per day. Permian Basin Market Intel Kit – Only $25 Purchase Now Includes – Permian Basin Account List, Rig Report, Wells Drilled 2025 and Well Permits 2025 Company Overview Permian Resources debuted on the Forbes Global 2000 at No. 1762 in 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. Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. energy production.
The pipe will be built alongside an existing line from the 1970s, roughly doubling overall capacity for the route to about 300,000 barrels a day (bpd). YPF declined to comment for this story.
This approach focuses on vertical integration, midstream infrastructure expansion, and enhanced export capabilities to dominate global markets for LNG, LPG, and NGLs. midstream operators are increasingly adopting vertical integration to control the entire value chainfrom gathering and processing to transportation and export.
million barrels per day of NGLs, crude oil, refined products and petrochemicals. Jim) Teague, co-CEO, said April 29, During the first quarter of 2025, Enterprise continued to benefit from Permian driven volume growth and consistent domestic and international energy demand pull across our midstream infrastructure system.
The project will connect Eddy and Lea counties (New Mexico) with LandBridges Central Basin Platform (Texas) , unlocking access to 1 million barrels per day of approved pore space capacity. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
billion Marathon Oil acquisition in late 2024, span approximately 300,000 net acres and produce around 39,000 barrels of oil equivalent per dayabout half of which is natural gas. The assets, acquired through the $22.5 The company has enlisted Moelis & Co to manage the sale process, though discussions remain in early stages.
TXOGA President Todd Staples said in the statement, “in these times of geopolitical uncertainty and military conflict, Texas remains not only a supplier of barrels but a builder of confidence” “It is encouraging to see job growth and for Texas and America to be seen as a stable trading partner.
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. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.
The Cost Curve Advantage but Only if You Keep Drilling Ryan Lance (ConocoPhillips) underscores the advantage of inventory depth: We have decades of inventory below our $40 per barrel WTI cost of supply threshold this optionality is what separates the inventory haves from the have nots. is just not being produced today.
A Strategic Fit: Scout Energy & High River Resources Scout Energy Management LLC Established in 2009 and headquartered in Dallas, Scout Energy Management LLC is a private energy investment manager specializing in the acquisition, operation, and enhancement of upstream energy assets and associated midstream infrastructure.
In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. We have a fabulous position here in the Gulf of America, Auchincloss stated, referring to the companys 10 billion barrels of oil and gas resources in place within the Paleogene play. benchmark gas prices more than doubling in the past year to around $4.4
That means cutting around 2 million barrels per day. 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. Integrated majors like Shell and Total , with breakevens near $44 per barrel , also offer relative safety. Diamondback Cuts Whos Next?
This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). Chevrons Purchase of Hess Corporation Value: $60 billion Date: September 30, 2024 Chevrons acquisition added Hesss assets in Guyanas Stabroek Block, a hotbed of oil discoveries with reserves exceeding 11 billion barrels.
This strategic pivot, alongside the OPEC+ decision to cap Aramcos oil production at 12 million barrels per day by 2027, is designed to support price stability while increasing domestic gas consumption. Saudi Arabia is stepping up investment in natural gas as a cleaner, lower-carbon alternative to oil and coal.
We have decades of inventory below our $40 per barrel WTI cost of supply threshold this optionality is what separates the inventory haves from the have nots. Kaes Vant Hof Inventory only delivers resilience if its converted into barrels steadily and efficiently. Mike Wirth Weve adjusted our forward development schedule.
This move follows the company’s $23 billion acquisition of Marathon Oil and aims to streamline operations and reduce costs amid industry challenges, including oil prices hovering around $63 per barrel. Oil & Gas Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
million barrels per day. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.),
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. The 550-mile Grand Mesa pipeline originates in Weld County, CO, and terminates at Cushing, OK, providing up to 150,000 barrels per day of crude takeaway capacity.
In that month, it produced 11,802 barrels of oil and 139,548 MCF of gas. It produced 16,238 barrels of oil and 579,133 MCF of gas during that month. It produced 16,335 barrels of oil and 401,618 MCF of gas in that month.
Example Statement (from past CNRL earnings): Our drill-to-fill strategy allows us to maintain high utilization of our existing infrastructure, reducing operating costs per barrel while maximizing capital efficiency. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
million net acres and over 2 billion barrels of oil equivalent in net undeveloped resource. This transformational deal marks EOGs strategic expansion into Appalachia, adding 675,000 net acres to its portfolio and positioning the company as one of the leading producers in the region. With this acquisition, EOGs Utica footprint grows to 1.1
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%). These investments were primarily in the midstream NGL and refined products segments.
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. How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. shale producers are thriving.
Production and Capital Investment Looking ahead, Cenovus forecasts an upstream production range of 805,000 to 845,000 barrels of oil equivalent per day (BOE/d) for 2025, representing a 4% increase compared to 2024 Cenovus Energy. which have been instrumental in executing Cenovus’s drilling programs. billion to $5.0 billion in 2025.
We have decades of inventory below our $40 per barrel WTI cost of supply threshold Ryan Lance, ConocoPhillips Over a third of our production comes from short cycle U.S. Darren Woods, ExxonMobil The Marathon assets gave us another 2+ billion barrels sub-$40 cost of supply. But that advantage only matters if rigs stay active.
This play may surprise the market as a future high-margin contributor, especially for nimble producers targeting niche barrels. This reordering of shale priorities could define the next phase of M&A, capital allocation, and midstream development. Permian basins Toward slower-depleting, gas-weighted Canadian and emerging U.S.
For example, a single well pumped at 80 barrels per minute (BPM) across 10 clusters delivers 8 BPM per cluster. Completion engineers must adapt their designs to preserve injection rate per cluster , which directly impacts proppant transport and fracture geometry. BPM unless stage design is adjusted.
private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. production from Anadarko (Q2 2024) (N/A – private) ~7–9 rigs in Oklahoma (2025) Mewbourne Oil Co. Liquids” includes crude oil and NGLs. CapEx = capital expenditures.
The company reported 833,000 barrels of oil equivalent per day (boe/d) in the Permian for Q4 2024, attributing its success to significant efficiency improvements. We’ve got 2,000 competitive well locations, as Ryan mentioned, around that $40 per barrel cost of supply.
The assets span approximately 55,000 net acres in the Delaware portion of the Permian Basin, with production estimated at 17,000 barrels of oil equivalent per day (boe/d) by the end of 2025. This move is part of a broader trend where large energy companies streamline their portfolios following major mergers and acquisitions.
Despite this trick rather than treat, ExxonMobil boosted production by 80,000 oil-equivalent barrels daily, driven by growth in the Permian Basin and Guyana. Phillips 66: Chemical and Midstream Magic Phillips 66 surprised investors with a Q3 profit beat, driven by strength in its chemicals and midstream segments.
MAY Energy Transfer Reports Strong First Quarter Results Energy Transfer started the year strong , reporting 13% growth in adjusted EBITDA over Q1 2023 driven by increased crude oil transportation, NGL transportation and fractionation, midstream gathering and interstate transportation volumes.
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