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(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., New Era Helium, Inc. Will Gray II, CEO of New Era Helium, Inc.,
Underground working naturalgas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. EIA calculates naturalgas storage capacity in two ways: demonstrated peak capacity and working gas design capacity. percent or 70 billion cubic feet to 4,277 Bcf.
Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. The report underscores a clear pivot: naturalgas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators.
Project Update: Prince Rupert Gas Transmission (PRGT) Pipeline Clears Key Regulatory Hurdle The British Columbia Environmental Assessment Office (EAO) has confirmed that the 750-kilometre Prince Rupert Gas Transmission (PRGT) pipeline retains its environmental certificate, clearing the way for construction to continue.
The Marcellus/Utica region is by far the most prolific naturalgas production area in the U.S., The shale play experienced phenomenal growth in the 2010s, its gas production rising from less than 2 Bcf/d to more than 33 Bcf/d over that decade. accounting for about one-third of the nations daily output.
Last year, Enbridge struck a deal to buy three naturalgas utilities in the United States from Dominion Energy for a total consideration of $14 billion. The expansion of Enbridges gas business also paid off in the first quarter of the year. In the naturalgas transmission business, Enbridge sanctioned the 1.75
Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport naturalgas from multiple points in the Permian Basin to the Rockies Express pipeline and other points of delivery. Target in-service date is late 2028. Pipeline capacity is designed for up to 2.4
s Westcoast naturalgas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The deal marks Enbridge’s fourth equity partnership with Indigenous groups, and its first involving a naturalgas pipeline.
The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. Bcf/d in 2025.
billion project spanning 216 miles, designed to enhance naturalgas transportation between Katy, Texas, and the Gulf Coasts LNG and industrial hub near Port Arthur. Bcf/d and is set to commence operations in the first quarter of 2027, pending regulatory approvals. Bcf/d capacity project. Bcf/d capacity project.
The rapid growth of naturalgas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Bcf/d of naturalgas from the Permian to Katy, Texas. Bcf/d of naturalgas.
Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest gas (and a little oil). This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards.
May 27, 2025 The Hugh Brinson Pipeline, a major naturalgas infrastructure project led by Energy Transfer LP , continues to move forward as key regulatory approvals are secured. Bcf/d of gas. Bcf/d based on demand. Bcf/d based on demand. Phase I : A 42-inch mainline capable of moving 1.5
Read more Naturalgas market struggles to find its footing: here’s why Summary : U.S. naturalgas prices fell nearly 8% last week to $3.249/MMBtu, their lowest since January, despite a smaller-than-expected storage build of 16 Bcf, which was below the five-year average of 50 Bcf. Read more U.S.
Permian Basin: The Backbone of U.S. Production The Permian Basin remains the most productive oil and naturalgas field in the U.S. million barrels per day and naturalgas production reaching 25.8 Energy Supply Leadership: From Wellhead to Water appeared first on Oil Gas Leads.
DT Midstream (NYSE: DTM) reported strong Q1 2025 results, highlighting not only solid financial performance but also a clear long-term growth strategy anchored in the rising global demand for liquefied naturalgas (LNG). Bcf/d , bringing the LEAP system total to 2.1 Bcf/d , bringing the LEAP system total to 2.1
This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, naturalgas, and naturalgas liquids (NGLs) production is growing rapidly. Pipeline Transportation Crude oil, naturalgas, and NGLs move from production sites to storage and processing facilities.
On May 1, 2025 , the Railroad Commission of Texas (RRC) issued a significant new permit to WWM Operating, LLC , authorizing operations for the Traverse Pipeline a major gas transmission project set to enhance energy transport capacity across multiple South Texas counties.
With improving naturalgas prices and a reinforced drilling program, the company is clearly positioning itself as a cost-efficient, technologically adept player in one of North America’s premier gasbasins. Production Holds Steady Naturalgas production: 115 Bcf Oil production: 10 Mbbls Total production volume: 115.1
Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.
DT Midstream (NYSE: DTM) is charging into the future with a bold, self-funded investment plan designed to meet surging demand from LNG exports, naturalgas-fired power plants, and even data centers. Projects in Motion: LEAP Phase 4 (Haynesville) : Expanding capacity to 2.1
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. Bcf/d of takeaway capacity. NaturalGas Production: 25.8 We analyze major U.S. 2023 Production: ~6.0
The transaction, expected to close in the second quarter, follows the pipelines recent startup and rapid ramp-up of operations in the Permian Basin. Bcf/d capacity, designed to move naturalgas from the Waha hub in the Permian Basin to Wharton, Texas , with additional delivery capabilities to Katy. Enbridge Inc.
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. billion cubic feet per day (Bcf/d) in 2024 to 7.0
Monthly Well Permits: Actuals and Forecasts An analysis of well permitting activity in the Haynesville Basin reveals a steady pace of development. Aethon Energy : Aethon Energy’s leadership has indicated that naturalgas prices need to exceed $5/MMBtu to justify significant new investments in the Haynesville region.
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. billion cubic feet per day (Bcf/d) in 2024 to 7.0
Pennsylvania is considering leaving the PJM regional grid to expedite projects, while states like Indiana, Michigan, and Louisiana explore nuclear energy, and Missouri and Kansas compete to attract investments in naturalgas plants. Read more “Drill, baby, drill”: naturalgas producers eye a boom Summary : Rising U.S.
JULY Energy Transfer Completed its Acquisition of WTG Midstream Holdings Energy Transfers completion of its acquisition of WTG Midstream added approximately 6,000 miles of gas-gathering pipelines that extend Energy Transfers network in the Midland Basin. Bcf/d, and two additional processing plants that are under construction.
As we discussed a few months ago, the Permian Basin is starting to feel the impact of AI data centers creating demand for naturalgas fired electricity. New Era Heliums partnership with Sharon AI through Texas Critical Data Centers (TCDC) represents a cornerstone of its Permian Basin strategy.
Volatility at the start of the Trump Administration might present the last chance to buy Delaware Basin oil and gas stocks on the cheap, in my opinion. The recent goal of maximizing oil production over gas production seems to be flipping and the investing public is not quite in emotional chase mode yet.
The global competition for Liquefied NaturalGas (LNG) markets is becoming increasingly intense, especially as several large-scale LNG projects are proposed on the U.S. bcf/d LNG Canada facility in Kitimat, British Columbia. bcf/d phase planned. bcf/d project could come online well before 2045. While the U.S.
Read more Naturalgas prices tick up despite another triple-digit build Summary : Naturalgas prices rose slightly to $3.447/Mcf despite a 101 Bcf storage build, exceeding the 99 Bcf forecast and marking the fifth straight triple-digit weekly increase. Total stocks reached 2,476 Bcf, 11.3%
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