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Operator Strategies Reflect Growth and Efficiency Here’s a snapshot of what leading heavy oil players are planning in 2025: Company 2025 Production (bbl/d) 2025 CapEx (C$B) Strategic Focus Cenovus Energy 615–635K ~2.7–2.8 Maximize volumes, minimal downtime Suncor Energy 765–785K ~6.2 Thermal oil growth + M&A Rubellite ~8.3K
bbl WTI and $4.28/MMBtu The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production. bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu Prairie Operating Co.
Over the past 15 years, the Permian Basin has transformed the landscape of U.S. This report outlines the production trends, regional comparisons, and economic drivers behind the Permians rise as the cornerstone of American energy. 2020: Both Permian and non-Permian output dropped sharply due to WTI < $50/bbl and COVID-19.
The Permian Basin, the beating heart of U.S. In early 2024, WTI crude prices averaged $77$80/bbl , whereas by Q2 2025, prices have softened to $60$70/bbl. shale oil production, is experiencing a notable contraction in drilling permit activity this spring.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The Company hedged a total of 18,000 barrels of oil (“bbls”) in Q1. Register to attend. the “Paradox project”).In
The record $120 billion upstream M&A spending spree in 2024 focused on the consolidation of Permian Basin positions by the major U.S. publicly traded oil and gas companies.
Permian Resources Corporation, a leading pure-play operator in the Delaware Basin, has reported strong first-quarter 2025 financial and operational results and announced a strategic bolt-on acquisition of APA Corporations Northern Delaware Basin assets for $608 million. bbl Natural gas: $1.35/Mcf Mcf NGLs: $23.90/bbl
Ring Energys facility acquisitions, revealed through TCEQ permit transfers, underscore its strategic expansion in Andrews County. As Chord Energy refocuses on the Williston Basin, Ring consolidates CBP assets to drive low-cost, margin-rich growth. EMMA 4 facility) in Andrews County to Ring Energy. Chord Energy).
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. The Board of Directors will consist of eleven members, made up of seven directors from Whitecap and four directors from Veren.
Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year.
A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. energy industry. million b/d. million b/d of production before reaching a plateau of 7.7
In a strategic move aligned with shifting commodity price dynamics, SM Energy is proactively reducing its rig count in the Permian Basin through 2025. SM Energys Drilling Trends: January 2023 to May 2025 Using public drilling data for SM Energy wells in Texas, we grouped spud activity by month from January 2023 onward.
579,173 BOE/d +11% from 2023 Suncor Energy ~600,000 BOE/d capacity Oil sands operations Mid-Size Producers (100,000 499,999 BOE/d) Company 2024 Average Production Notes ARC Resources Ltd. 100,000106,000 BOE/d Impacted by outages Small to Mid Producers (30,000 99,999 BOE/d) Company 2024 Average Production Notes MEG Energy Corp.
Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. The Permian Basin remains the top destination for U.S. What are the key companies doing to stay competitive? MMBbl/d.
The $275 million deal , believed to involve Arrow S Energy Operating , adds 120 new 3-mile-lateral drilling locations to EOGs oily Eagle Ford inventory. In a rare move to the buy-side, EOG Resources has secured a strategic 30,000-net-acre block in Atascosa County, Texas , plugging a critical gap in its South Texas leasehold.
Dan Pickering, chief investment officer of Pickering Energy Partners, provides a nuanced look at the trends and challenges shaping the sector, supported by key numbers and forecasts. PERMIAN BASIN: OPTIMIZING RECOVERY IN A MATURE PLAY The Permian Basin , a cornerstone of U.S. LNG EXPORTS AND ENERGY SECURITY: U.S.
TSX: WCP) stands at the forefront of efficiency-driven growth in the Canadian energy sector. share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x billion Funds Flow: $1.65
upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2025 , a sharp increase from $1.05 billion in Q1 2024.
What industry leaders are saying about shale resilience, capital discipline, and the rise of AI-powered energy. shale didnt win the energy race by being flashyit won through repetition. Sub-$40 Inventory Is a Strategic AdvantageIf You Use It Many top operators hold decades of drilling inventory with breakevens under $40/bbl.
But as basins mature and geology becomes more challenging, the key question becomes: Can these gains be sustained, or has the industry already picked the low-hanging fruit? Travis Stice, CEO, Diamondback Technology and process efficiency gains are being outpaced by geology… its a natural evolution of a maturing basin.
The worlds largest energy companies have just released their Q1 2025 results, offering a detailed look at how the sector is holding up amid fluctuating commodity prices, ongoing supply chain pressures, and the growing influence of gas and LNG markets. shale basins. Net producing wells (end of period): 1,133.9 million Ground Game: $4.8
Austin Chalk Emerges as South Texas Top Target As Tier 1 Eagle Ford drilling locations dwindle, South Texas energy producers are turning to an overlooked formation to keep the gas flowing. poised to expand LNG export capacity , interest in gassy basins has surged. According to the U.S. billion cubic feet per day (Bcf/d) in 2024 to 7.0
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.
Austin Chalk Emerges as South Texas Top Target As Tier 1 Eagle Ford drilling locations dwindle, South Texas energy producers are turning to an overlooked formation to keep the gas flowing. poised to expand LNG export capacity , interest in gassy basins has surged. According to the U.S. billion cubic feet per day (Bcf/d) in 2024 to 7.0
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