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In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of naturalgas. On a national scale, shale oil accounts for 60% of total output, while tight and shale gas combined make up 65% of Argentina ’ s gas production.
The company continues to capitalize on its diversified asset base across the Permian, Marcellus, and Anadarko basins while positioning for capital-efficient growth into 2026. MBopd Gas: 2,998.6 Bbl (ex-hedge), $64.01/Bbl hedge) Gas: $2.20/Mcf MBopd Gas: 2,998.6 Bbl (ex-hedge), $64.01/Bbl hedge) Gas: $2.20/Mcf
Energy Information Administration (EIA) raised its mid-year forecast accordingly and now expects WTI to gradually decline to $59/bbl by December 2025, and slide further into the low $50s— ending at roughly $53/bbl by late 2026. Screenshot Jesse Mullins, Editor Jesse Mullins is editor of Permian Basin Oil and Gas Magazine.
Excited to share a major milestone from one of the Permian Basin’s top operators— ConocoPhillips has brought its Zia Hills Central Facility 2 (CF2) online in the Delaware Basin.
onshore subsidiary of BP is doubling down on capital-efficient growth in the Permian and Eagle Ford basins while positioning itself to capture upside from strengthening gas markets in Haynesville. US Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled….
61% said they would decrease drilling if oil prices stay at $60/bbl. As oil drilling stalls, gas output may also drop , especially in the Permian. NaturalGas Outlook & Grid Risks EOG Resources expects gas prices to rise to $4.50/MMBtu LNG exports are rising, but lower gas production could tighten supply.
Matador produced an average of 209,013 boe/d (including 122,875 b/d of oil) from its Delaware basin and northwestern Louisiana operations in the 3 months that ended June 30, which was 5% higher than in the first quarter. bbl from more than $81. The company turned to sales 32 gross (22.8 net) operated wells during the spring quarter.
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl 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
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. The upside in naturalgas was driven by elevated ethane rejection.
Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. It is also the basin that keeps giving with operators consistently adding locations by testing new zones of the prolific basins stacked pay, said Dittmar. View Report Here You must be an Enverus Intelligence subscriber to access this report.
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant naturalgas growth potential. The Board of Directors will consist of eleven members, made up of seven directors from Whitecap and four directors from Veren.
Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gasbasins , the leading companies , and market trends using the latest data and forecasts. NaturalGas Production: 25.8 The Permian Basin remains the top destination for U.S. MMBbl/d , a 0.3
Limited access to core acreage in basins like the Permian has prompted landmark deals, including ExxonMobils acquisition of Pioneer Natural Resources and Chevrons purchase of Hess Corporation. PERMIAN BASIN: OPTIMIZING RECOVERY IN A MATURE PLAY The Permian Basin , a cornerstone of U.S. Currently, at $2.75/MMBtu,
share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x 29% of 2025 naturalgas production hedged at $3.35/GJ. 2025 Production & Financial Guidance Whitecaps 2025 guidance includes: Production: 176,000 180,000 boe/d (63% liquids) Capital Investment: $1.1 $1.2 billion ($2.81/share)
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big naturalgas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. Since 2020, Austin Chalk gas output has nearly tripled to 1.8
Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. It is also the basin that keeps giving with operators consistently adding locations by testing new zones of the prolific basins stacked pay, said Dittmar.
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big naturalgas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. Since 2020, Austin Chalk gas output has nearly tripled to 1.8
billion in Q1 2024, impacted by lower realized oil and gas prices and adjusting items. Naturalgas production declined by 4.5%, dropping from 2,364 million cubic feet per day (mmcf/d) in Q1 2024 to 2,258 mmcf/d in Q1 2025. shale basins. Strong contributions came from the Permian, Williston, Uinta, and Appalachian basins.
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