Permian Basin Oil and Gas Magazine

AUGUST 5, 2025

He said capex will further decline in 2026 as the company looks to “merely sustain production.” The post Chevron reaches production of 1 million barrels per day in Permian Basin in 2Q appeared first on Permian Basin Oil and Gas Magazine.

Basin

Oil & Gas 360º

AUGUST 6, 2025

With our complementary expertise and shared vision, we are confident that Presidio will be a sustainable yield leader, well-positioned to be a preferred consolidator of producing oil and gas assets.”

Petroleum

Oilholics Synonymous Report

JULY 23, 2025

Earlier this month, Brent crude futures touched $70 per barrel levels despite a suggested uptick in the amount of oil OPEC+ was bringing on to the market. Then a week ago, the EU and UK moved to lower the price cap on Russian crude from $60 per barrel to $47 per barrel, with effect from September 3.

Barrel

Oil & Gas 360º

JUNE 13, 2025

(Investing) – Israel’s attack on Iran is unlikely to cause a major disruption to oil supply, analysts at two major banks said, but a worst-case scenario involving blockades in the Strait of Hormuz could push prices above $100 per barrel, Goldman Sachs said. per barrel. [O/R]

Oil

Rextag

JUNE 10, 2025

million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. CPP’s head of sustainable energies, Bill Rogers, noted the success of the investment and the strong returns it generated. billion (CA$36.3B) globally in the sustainable energy space. CPP manages net assets of $26.4

Condensate

Oil & Gas 360º

JUNE 23, 2025

(Investing) – Brent crude oil prices could hit $110 a barrel if the Strait of Hormuz is blocked, Goldman Sachs analysts have forecast, while HSBC analysts see prices topping above $80. and China, to try to prevent a sustained and very large disruption of the Strait of Hormuz would be strong,” Goldman Sachs said.

Oil

Oil Review Middle East

JULY 18, 2025

Satellite data in the Global Gas Flaring Tracker shows that flaring intensity —the amount of gas flared per barrel of oil produced—has remained stubbornly high for the last 15 years. With effective policies we can create favourable conditions that incentivise flaring reduction projects and lead to sustainable, scalable action.

BCM

Egypt Oil & Gas

AUGUST 5, 2025

The Western Desert Operating Petroleum Company (WEPCO), an Egyptian state‐established energy firm, has raised its daily natural gas output to 8,300 barrels of oil equivalent per day (boe/d) following the integration of the 5st-10 development well at the Badr-1 field onshore the Western Desert.

Gas

Permian Basin Oil and Gas Magazine

AUGUST 1, 2025

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. The basis differential to Henry Hub remains wide, with prompt Waha strip trading between –$2.00

Gas

Rigzone

JULY 14, 2025

per barrel and the WTI spot price will average $65.22 per barrel in 2025. per barrel in the third quarter of this year and $64.02 per barrel in the fourth quarter, according to the STEO, which showed that the organization is forecasting that the WTI spot price will average $64.69 per barrel in the fourth quarter of 2025.

Oil

Rextag

JUNE 26, 2025

The platform includes: Fractionation capacity : ~193,000 barrels/day (post-Fort Saskatchewan expansion), including field, hub, and straddle facilities Straddle gas processing : 5.7 We’re committed to reducing emissions intensity and embedding sustainability into all aspects of our operations,” said Setoguchi.

Midstream

Oil Gas Leads

JULY 8, 2025

million barrels of oil per day as of Q1 2025. Williston Basin White Paper – $25 Buy Now Key Insights: Sustained Output Amid Maturity Long-lateral drilling, multi-well pad development, and refracs are enabling production to hold near plateau levels (~1.2–1.3 oil production, delivering approximately 1.2–1.3

Basin

Valor

JULY 21, 2025

Chevron wins Exxon case but loses time, oil and billions Summary : On July 18, Chevron won its arbitration case against Exxon Mobil, allowing its $55 billion acquisition of Hess and its 30% stake in Guyana’s 11-billion-barrel Stabroek block to finally close.

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

Oil Gas Leads

JULY 26, 2025

It’s no longer about chasing barrels at any cost. Today’s leading companies are: Reducing capital spend while sustaining production Maximizing rig and frac crew efficiency Avoiding knee-jerk cost cuts during downturns Take Chevron as an example. The future isn’t just about barrels.

Gas

Rigzone

AUGUST 6, 2025

According to the statement, Aramco’s total hydrocarbon production came in at 12.780 million barrels of oil equivalent per day in the second quarter. Aramco’s total hydrocarbon production was 12.544 million barrels of oil equivalent per day in the first six months of 2025, the statement showed.

Gas

Iraq Business News: Oil & Gas

AUGUST 8, 2025

Group production in KRI rose 3% to 38,550 barrels of oil equivalent per day (boepd) despite planned maintenance. Pearl Petroleum operators are actively engaging with KRG to improve payment performance and address outstanding receivables, which are crucial for sustaining and expanding production to meet electricity demand.

Gas

Rigzone

JULY 24, 2025

supply is likely to fall, two; short- and long-term demand are far more robust than consensus believed, and three; OPEC+ policy is becoming increasingly proactive, with the background of a sustained campaign by key members to increase the effectiveness of the organization,” the analysts added. percentage points week on week to 39.4

Oil

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

JUNE 23, 2025

If oil flows through the Strait of Hormuz were to drop by half for a month, and remained 10% lower for another 11, Brent would spike briefly to as much as $110 a barrel, analysts including Daan Struyven said in a note. million barrels a day, Brent would peak at $90. Should Iranian supply fall by 1.75

Gas

Rigzone

AUGUST 5, 2025

Agogo IWH involves the full field development phase of two fields, Agogo and Ndungu, with combined reserves of approximately 450 million barrels and expected peak production of approximately 180,000 barrels of oil per day (bopd), Eni said in a news release. The project is operated by Azule Energy, a BP plc and Eni company, with a 36.84

Offshore

Rigzone

AUGUST 6, 2025

“We will now focus on delivering on our strategy of revitalizing the assets, in order to achieve our production target of 15,000 barrels of oil per day from these new concessions, and unlocking in excess of 50 mmstb of reserves”, Perenco chief executive Armel Simondin said in a statement Tuesday. feet) deep, according to Perenco.

Completion

Oil Gas Leads

JUNE 11, 2025

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. Mach Resources stands out as a yield-focused operator concentrated entirely in Oklahoma, sustaining sizable production while carefully modulating its rig count.

Operator

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

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

Oil & Gas Journal

AUGUST 1, 2025

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. That figure, he added, will drop in 2026 as the company’s teams look to merely sustain production. “And we’re approaching that point.”

Exploration and Production

Oil Review Middle East

JULY 14, 2025

Energy demand is set to rise from 308mn barrels of oil equivalent (mboe/d) in 2024 to 378 mboe/d in 2050. Decision-makers are increasingly challenged to address a variety of priorities, including energy security, energy affordability, reducing emissions, sustainability and industrial competitiveness.

Condensate

Rigzone

JUNE 27, 2025

“A sustained period of inactivity and strengthening of the ceasefire agreement will stabilize maritime tension in the Arabian Gulf,” it said in a note. The Worldscale system is designed to let owners and charterers quickly calculate the latest earnings and per-barrel costs on thousands of trade routes.

Oil

Rigzone

AUGUST 8, 2025

Presidio said it expects to have over 2,000 operated producing wells across Texas, Oklahoma, and Kansas with expected net production of 26,000 barrels of oil equivalent (boepd) in 2025. EQV’s sponsor will maintain a significant ownership stake in Presidio post-closing, the release said.

Management

Permian Basin Oil and Gas Magazine

AUGUST 11, 2025

As the train comes barreling through town, so loud you can hear it, feel it—as it comes storming down the tracks towards you—you, your house, and everything in it begins to sway and creak. Many a time I have written in these pages that “sustainability” is just the question of how long one can keep doing things the way they’ve been doing it.

Disposal Well

Oil & Gas 360º

JUNE 20, 2025

Trading at around $77 a barrel, oil is below 2022’s $139 high, but is nearing pain points. “If million barrels a day, none has yet been shipped or delivered, said hedge fund Svelland Capital director, Nadia Martin Wiggen. It remained elevated on Friday. Disruption here could push oil above $100, analysts say.

Oil

Oil & Gas 360º

JUNE 11, 2025

Commodity experts began warning last year that Saudi Arabia was willing to ditch its traditional role as OPEC’s swing producer by abandoning its unofficial price target of $100 a barrel in favor of increased output. a barrel, while the spread between the December 2025 contract and the December 2026 contract widened by 10 cents to $0.53.

Oil

CNBC: Energy

JUNE 13, 2025

per barrel at 9:43 a.m. per barrel. Physical barrels of crude oil would need to be knocked out of the market for prices to rise higher at this point, Read said. Oil unlikely to face disruption Goldman Sachs is maintaining its 2026 price forecast of $56 per barrel Brent and $52 per barrel U.S.

Oil

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. West Texas Intermediate declined 4% at 12:47 p.m.

Basin

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

Rigzone

JUNE 30, 2025

Specifically, the Sapakara and Krabdagu fields, which contain recoverable reserves estimated at nearly 760 million barrels, according to the company’s website. The company has sold 70 percent of its oil production portfolio since 2022, according to the statement.

Exploration and Production

CNBC: Energy

JUNE 23, 2025

"This suggests that, for now, the overall flow of vessels into the region is being sustained despite the recent, specific diversion event." million barrels per day, accounting for about 20% of global petroleum liquids consumption, according to the U.S. In 2023, oil flows through the waterway averaged 20.9

Electronics