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enhancing its footprint in New Mexico’s northern Delaware Basin. The company is already in active trade talks with every relevant Delaware Basin operator , aiming to optimize both legacy and new assets. Permian Resources Corp. (PR) PR) has announced a $608 million bolt-on acquisition from APA Corp.
The outlook for Western Canada’s heavy oil sector in 2025 is decisively optimistic. This upswing in permits aligns with broader capital plans from oil sands and thermal oil producers signaling renewed confidence in long-cycle heavy oil assets. Cost control, reliability Imperial Oil 400–430K ~2.0
Over the past 15 years, the Permian Basin has transformed the landscape of U.S. crude oil production. While legacy vertical well production has declined, horizontal drilling in tight oil plays, particularly in the Permian, has fueled unprecedented growth. million b/d 19% – Tight Oil (Horizontal wells) 0.8
(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
The Denver-Julesburg (DJ) Basin continues to stand out as one of the most consolidated and cost-effective oil and gas plays in the U.S. Recent developments including record-setting drilling lengths, regulatory headwinds, and shifting capital strategies are reshaping how major and mid-sized players approach the basin in 2025.
The Permian Basin, the beating heart of U.S. shale oil production, is experiencing a notable contraction in drilling permit activity this spring. Top 5 Operators by Well Permits in the Permian Oil Prices and Market Pressure Oil market fundamentals have shifted.
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. Realized Pricing: Oil: $70.48/bbl Mcf NGLs: $23.90/bbl
Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. The data reflects both oil and gas output, offering a high-level look at market leaders, operational growth, and emerging trends in Canadian upstream development. 102,012 bbl/d (bitumen) SOR of 2.39
On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values. Buyers on the other hand were already stretched by M&A valuations and cant afford to continue to pay recent prices now that oil prices are lower.
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. million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI). million b/d.
oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds.
oil and gas executives arent just reacting to the markettheyre actively redefining it. Sub-$40 Inventory Is a Strategic AdvantageIf You Use It Many top operators hold decades of drilling inventory with breakevens under $40/bbl. oil & gas majors are now eyeing AI infrastructure as a growth vector. Its looking like [U.S.
oil and gas industry is experiencing one of its most transformative periods. 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. We analyze major U.S.
In todays lower-for-longer oil price environment, U.S. 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? shale operators must be relentless in their pursuit of cost efficiency. Below, we unpack how top U.S.
As Chord Energy refocuses on the Williston Basin, Ring consolidates CBP assets to drive low-cost, margin-rich growth. These regulatory transfers aren’t just formalities theyre indicators of whos doubling down and whos cashing out in the Permian Basin. Adds ~2,300 boe/d (80% oil) production. New Source Review – NSR).
In a strategic move aligned with shifting commodity price dynamics, SM Energy is proactively reducing its rig count in the Permian Basin through 2025. This reduction isnt reactionaryits part of a deliberate capital allocation strategy designed to protect margins and preserve flexibility in a potentially volatile oil market.
(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. million acres in Alberta. After annual capital investments of $2.6 billion 4 , free funds flow is forecast at $1.2 billion 1.
The oil and gas industry navigates a transformative 2025 period shaped by strategic consolidations, maturing resource plays, and shifting market fundamentals. Forecast: With companies securing three to seven years of viable inventory at $70/ bbloil, M&A activity is expected to remain a cornerstone of strategy through 2025.
Trasko Development Potential: Long Laterals, Modest PDP The existing ASE South leaseproducing 2,0003,000 boe/d (85% oil)is expected to be a launching pad for longer wells. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x Hedging Strategy for Downside Protection: 27% of 2025 oil production hedged at $102.17/bbl. Oil & Gas Marketing Lists Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
(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 evaluation confirms that theCane Creekreservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in theU.S.
upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. Upstream Leads ExxonMobil’s 2025 Strategy Powered by Advantaged Projects appeared first on Oil Gas Leads. ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. million boe/d in Q1.
On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values. Buyers on the other hand were already stretched by M&A valuations and cant afford to continue to pay recent prices now that oil prices are lower.
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.
Below, we break down Q1 2025 reports from Equinor , BP , Hess , and Northern Oil and Gas (NOG) , with a side-by-side comparison of production and net income, and a clear snapshot of how they stacked up against Q1 2024. Production and Operations Performance Oil and gas output was resilient, underpinned by high asset reliability.
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.
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