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As the number of depleted and abandoned oil wells in the West Texas Permian Basin continues to grow in the long shadow of the United States shale revolution, associated environmental and public health hazards are ballooning in tandem.
First-quarter earnings at ExxonMobil (NYSE: XOM) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices.
The post SoCalGas Offers Green Hydrogen Energy Infrastructure System to Decarbonize LA Basin appeared first on NGT News. As proposed, the Angeles Link would support the integration of more renewable electricity resources like solar and wind, and would significantly reduce greenhouse gas emissions from […].
The post Report: M-U has Lowest Methane Emission Intensity of Any O&G Basin first appeared on Marcellus Drilling News. AMI uses independent monitoring providers, technical consultants, and top-tier universities to monitor and track methane emissions in.
oil-producing basin, the Permian, some areas have hit geological limits while others, yet to be drilled, are not expected to be as prolific as the prime Tier 1 acreage that producers have started to exhaust. To be sure, crude oil output in the top basin continues to rise, but growth has slowed since 2022not only because producers
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling.
(World Oil) –Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil).
The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian. And its in Canada.
(World Oil) –Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. We remain committed to operating in the DJ Basin and look forward to rebuilding our Colorado footprint in the coming years.”
This purchase strengthens the firms growing position in the core of the Midland basin, widely regarded as one of the most prolific energy-producing regions in the United States. This marks the firms fourth Midland basin acquisition in 2025, reflecting Rising Phoenix Capitals focused ground game and direct sourcing strategy.
(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy).
After ExxonMobils swathe of world-class discoveries in Guyanas offshore Stabroek Block, the Guyana-Suriname Basin emerged as the worlds hottest drilling location. Suriname, a small country with a population of less than 700,000, which is among South Americas poorest, is believed to possess petroleum
(World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources core New Mexico operating areas.
Rhino Resources, the operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in Orange Basin, offshore Namibia
A bidding round for the granting of exploration licenses for the blocks, located in the Makran and Indus basins, was announced by the Pakistan government in February. The two countries this week signed an agreement at the 2025 Pakistan Minerals Investment Forum in Islamabad to jointly bid on 40 offshore blocks.
Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters, amid efforts to reduce the costs and times of fracking at the worlds top shale basin. supermajor, told Reuters in an interview.
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling.
(Oil Price) –First-quarter earnings at ExxonMobil ( NYSE: XOM ) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices.
The Lac Da Hong (Pink Camel) discovery, combined with the recently announced Hai Su Vang (Golden Sea Lion) discovery, deepens our understanding of the resource potential in our Cuu Long Basin blocks'.
Chevron Namibia Exploration Limited considers drilling the well in 2026 or 2027 in Petroleum Exploration License 82 in the Walvis Basin, Reuters quoted Chevrons Namibian subsidiary as saying. With this programme, Chevron continues to activate its strong and growing exploration portfolio, according to a company statement.
Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for natural gas in the Marcellus) and Cimarex Energy (drills for oil in the Permian and Anadarko basins), issued its first quarter 2025 update last week. There was a lot of news coming from the update. However, two things stood out for us:
New opposition has emerged surrounding a power plant Minnesota Power, Dairyland Power Cooperative, and Basin Electric Power Cooperative are teaming to build along the banks of the Nemadji River in […] The post Proposed Gas-Fired Power Plant in Wisconsin Faces New Opposition appeared first on POWER Magazine.
(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.
Following our report earlier thatSaudi Arabia has declared a new price waron OPEC+ quota-busters such as Kazakhstan, and non OPEC+ members such as US shale producers, today after the close Diamondback Energy, the largest independent oil producer in the Permian Basin, made a historic pronouncement today when it said thatproduction has likely peaked (..)
The Morongo Basin Transit Authority (MBTA), on behalf of the California Association for Coordinated Transportation (CALACT) consortium members, has selected Vicinity Motor buses in a statewide purchasing contract. The contract gives state transit agencies authority to purchase Buy America compliant buses directly from Vicinity Motor Corp.‘s
Renewable energy developer, NextEra Energy (NYSE:NEE) is considering doubling its $20B investment in Texas, with the renewable energy company currently exploring land in the Permian Basin for development, Michele Wheeler, VP of regulatory and political affairs, revealed at the CERAWeek energy conference in Houston.
A project near Basin Electric’s Dry Fork Power Station, a 405-MW coal-fired power plant near Gillette, Wyoming, has become the first of four Department of Energy (DOE) selections to receive […] The post Dry Fork Secures Federal Funding Under $1B Large-Scale Carbon Capture Pilot Program appeared first on POWER Magazine.
Midland-based Permian Resources last week revised 2025 guidance after making a bolt-on acquisition in northern Delaware Basin. The post Permian Resources acquires Delaware Basin assets from APA Corp. appeared first on Permian Basin Oil and Gas Magazine. for $608 million.
has signed a two-year contract with Morongo Basin Transit Authority (MBTA), executed on its behalf by ARBOC distributor Creative Bus Sales. ARBOC Specialty Vehicles LLC, a subsidiary of NFI Group Inc.,
ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. It complements ReconAfricas activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2
By deepening our operational footprint in the premier Permian Basin and other key regions, we will continue to align our resources with profitable, high-demand market segments. The post Archrock acquires NGCS to expand compression assets in Permian Basin appeared first on Permian Basin Oil and Gas Magazine. million horsepower.
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling.
After a record run of negative pricing last spring and summer, the Permian Basin collectively cheered as WhiteWaters Matterhorn Express pipeline began flowing last October, bringing much-needed takeaway capacity to the area.
shale heavyweight secured full operatorship of Unconventional Onshore Block 3 (UCO3), a nearly 900,000-acre stretch of oil-prone rock in the Al Dhafra region, smack in the middle of one of the most watched oil basins in the world. Announced Friday, the U.S. Drilling is slated for the second half of 2025,
Natural gas at the Waha hub--a regional pricing hub for gas in the Permian Basin in West Texas--sold for near-zero or sub-zero prices for much of 2024, a trend that has continued in the current year. natural gas futures eased to a two-week low on Monday amid record output, negative spot prices at the Waha Hub and forecasts for mild weather.
Sand Revolution, based in Midland, Texas, provides turnkey last-mile logistics, focused heavily in the Permian Basin. American CNG says it is performing 150 DEMI Diesel Displacer renewable natural gas (RNG) conversions on Sand Revolution‘s existing diesel fleet, with the potential of additional conversions at a future date.
Having successfully raised funding to progress drilling activity in the Beetaloo Basin, we are focused on delivering the largest single drilling campaign in the region to date'.
A joint venture of ExxonMobil and Woodside Energy has approved a $222-million project to drill new wells and boost natural gas production from fields in the Gippsland Basin offshore southeastern Australia.
Azerbaijan and Georgia are asking the European Commission to grant special status to a Black Sea power line project that would expedite construction of an undersea cable enabling EU member states to import electricity from Caspian Basin nations.
Appalachian Basin Oil Companies List Unlock new business opportunities with our Appalachian Basin Oil Companies List , a powerful sales and marketing resource for service providers targeting the energy sector. Get instant access and accelerate your business growth in the Permian Basin. Start building your pipeline today!
(Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc. ” About New Era Helium, Inc. New Era Helium, Inc. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America.
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals for responsible and safe shale drilling.
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