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Post-acquisition, EOG becomes one of the largest producers in the Utica, with pro forma daily production of 275,000 Boe. “This acquisition creates a third foundational play for EOG alongside the Delaware Basin and Eagle Ford, enhancing the quality, scale, and resilience of our multi-basin portfolio,” said Ezra Y. Why the Utica?
The Low-Temperature Separator (LTS): The now frigid, two-phase stream (gas and condensed liquids) enters the LTS. In this vessel, the temperature is low enough that the heavier hydrocarbon components (the NGLs like propane, butane, and pentane) and any water vapor have condensed into a liquid state.
From the Permian Basin to the Gulf Coast, companies are pushing the boundaries of efficiency, reliability, and environmental responsibility. These modular systems are then transported to the site for quick and easy installation. The energy sector is in a state of constant, dynamic evolution.
Last year, the Permian Basin Petroleum Association created a set of recommended practices to combat oilfield crime, incorporating physical, cyber, and operational security measures. The headquarters will be positioned in the Permian Basin but will be responsible for investigations statewide.
Average daily liquids production in June consists of 1.675 million b/o, 174,000 bbl of NGL, and 5,000 bbl of condensate. July 22, 2025 Norwegian Offshore Directorate Norway’s daily production averaged 1.854 million bbl in June 2024, the Norwegian Offshore Directorate (NOD) reported. Oil production in June is 3.1%
Alex Procyk July 21, 2025 2 min read Photo from Odfjell Drilling Vår Energi discovers gas-condensate west of Fenja field, drilled by the Deepsea Yantai drilling rig. Alex Procyk July 21, 2025 2 min read Photo from Odfjell Drilling Vår Energi discovers gas-condensate west of Fenja field, drilled by the Deepsea Yantai drilling rig.
The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. The good news is that prices for condensate produced by many operators alongside natural gas volumes will likely be quite robust.
(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.
Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB). Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets. However, this increased demand for condensate will also have implications for AECO hub gas pricing.
In a new white paper titled What Remains: North American Upstream Inventory, energy private equity firm Kimmeridge outlines which shale basins have the best runway for returns over the next 10 yearsand why the spotlight is now turning to Canada. Light Oil & Condensate: Production is rich in high-value hydrocarbons.
This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets, said Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG.
billion in organic growth projects, including an eighth fractionator at Mont Belvieu NGL Complex and a new processing plant in the Permian Basin. Leadership In 2023, our pipelines carried approximately 30% of the natural gas transported in the United States, and approximately 40% of the crude oil produced in the United States.
. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay.
Efficient natural gas liquid separation is crucial for meeting natural gas quality specifications for pipeline transportation and end-use. Removing NGLs prevents condensation and two-phase flow issues, protects downstream equipment, and ensures a consistent heating value of the sales gas.
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