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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 the gas side, Fortín de Piedra (Tecpetrol) led with 19.1 In June, naturalgas exports hit 8.28 million cu m/day, followed by YPF at 18.4
oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in naturalgas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.
Oil & Gas 360 – Landmark 30 th Anniversary EnerCom Denver – The Energy Investment Conference Announces Energy Transition and Emerging Technology Session Schedule Qualified Investors and Analysts Can Register at No Cost at www.enercomdenver.com DENVER – July 31, 2025 – EnerCom, Inc., Founded in 1994, EnerCom, Inc.
This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward naturalgas. Strategic Shift Toward Gas: Naturalgas rigs are up 7 YoY , showing resilience. Producers may be pivoting to gas due to: Stronger gas prices.
Stabroek is a highly attractive asset, with 11 billion barrels of oil reserves and production costs of only around $20 a barrel, among the lowest in the world, according to consultancy Rystad Energy. Chevron had an early advantage given its ownership of large swathes of land in the Permian basin, the shale heartland.
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Here are the top 5 themes emerging from ConocoPhillips’ recent strategic moves: Permian Basin Account Directory – $19 Buy Now Includes: Account Name, Phone, Address, Website, Wells Drilled… 1. shale basins— Permian, Eagle Ford, and Bakken. Announced plans to divest Anadarko Basin assets for $1 billion+.
Industrial separation is the most cost-effective capture technology and is widely used in ammonia and bioethanol production, as well as naturalgas processing. 25 âCaster Spain underground gas storage,â European Investment Bank and Complaints Mechanism, March 7, 2018. 2 Comparing â¬39/ton in a 0.6 Mtpa of CO 2 storage.
The company holds over 1 million net acres in the Permian Basin , the most productive shale play in North America. Oxy holds a 40% stake in Net Power , which is developing zero-emission naturalgas power plants that generate electricity while capturing CO₂ at the source. million bpd in 2024 , according to company filings.
The most successful explorers must embrace greater risks to open up new plays and basins that promise greater resources,” he added. Wood Mackenzie describes itself on its site as the leading global provider of data and analytics solutions for the renewables, energy, and natural resources sectors.
The industry has been calling for continued licences and changes to the windfall tax, with the UK government expected to outline its policies this autumn following two major consultations. Official statistics show that the UK’s total energy production hit a record low in 2024, importing over 40 percent of its total energy needs from overseas.
“The Atlantic Basin diesel balance is looking increasingly tight into autumn refinery maintenance season and peak winter demand,” said Natalia Losada, an oil products analyst at Energy Aspects. For Europe, the tightness of medium/heavy grades could last longer.
Oil & Gas US Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. gigawatt naturalgas-fired power plant dedicated to a hyperscale data center. ExxonMobil: Going Big on Power with a 1.5
“We are interpreting the increased buying activity from India as a sign of diversification away from Russian supply,” said Livia Gallarati, global crude lead at consultant Energy Aspects. “The stronger Indian buying of Atlantic Basin crude is definitely supportive of prices,” she said. and United Arab Emirates.
naturalgas companies in the Marcellus/Utica, including Ascent Resources, CNX Resources, EQT Corporation, Equitrans Midstream Corporation (now part of EQT), Expand Energy Corporation, MPLX, and Seneca Resources. The post Report: M-U has Lowest Methane Emission Intensity of Any O&G Basin first appeared on Marcellus Drilling News.
The partnership has agreed to create an Acquisition and Development Company ( ADC ) focused on delivering reliable, cost efficient, net-zero power from naturalgas and captured coal mine methane ( CMM ) to meet the soaring demand of data centers for reliable power.
Patterson-UTI Energy (NASDAQ: PTEN) kicked off 2025 with a steady operational performance, a strategic focus on naturalgas, and an unwavering commitment to drilling innovation. In Completion Services, the company expanded its Emerald line of 100% naturalgas-powered assets , contributing to 80% of its active fleet being gas-capable.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
The Permian Basin is seeing output contraction and rig pullback despite being the top U.S. On the gas side , a projected 95% increase in spot prices in 2025 (per EIA) is expected to stimulate a rebound in drilling after a downturn in 2024. million bpd ( from 6.57 million bpd ( from 6.57 oil-producing region.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
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.
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. On May 21 and May 23, TCEQ issued final approvals for two key facilities under Permit by Rule 106.352 for oil and gas production.
This subtle shift highlights a maturing basin where efficiency and operator selectivity are becoming more prominent. As naturalgas prices remain volatile and operators focus on capital discipline, expect drilling strategies to continue evolving across East Texas and North Louisiana.
While Oklahoma, New Mexico, and several other key states held steady in drilling activity, the national rig count dipped againdriven largely by a sharp decline in naturalgas rigs. The Permian Basin, in particular, saw a notable drop, reaching its lowest rig total since February 2022.
crude and naturalgas production over the next two years, driven by strong LNG demand and increasing power consumption from data centers. NaturalGas Outlook: The EIA forecasts a 73% increase in gas prices in 2025 , which could incentivize more drilling after a 14% price drop in 2024.
oil and naturalgas rig count experienced its first increase in three weeks, according to the latest Baker Hughes report released on March 21, 2025. Energy Information Administration (EIA) projects continued growth in both crude oil and naturalgas output throughout 2025. Naturalgas output is forecasted to reach 105.2
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. times net debt/funds flow, which is expected to continue to further strengthen to 0.8
On the naturalgas side, the EIA predicts a 73% increase in spot gas prices in 2025, which could prompt producers to boost drilling activity following a 14% price drop in 2024. naturalgas production is forecasted to reach 104.6 crude oil production will rise from a record 13.2 million bpd in 2025. bcfd in 2024.
Larrys deep understanding of Williams operations and naturalgas focused strategy make him the ideal candidate for our next COO, said Williams President and CEOAlan Armstrong. Tapp, president of SafetyFUNdamentals, an occupational safety training and consulting firm, has more than 30 years of experience. All terms begin July 1.
Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and naturalgas from underground reservoirs. Be sure and follow Aresco on LinkedIn !
This is the kind of pride one can take when surveying the fact that more of the Permians needed infrastructure and manufacturing is happening in the Basin itself. These factors, combined with an evolving political and economic landscape, position the Permian Basin for sustained growth in the years ahead. Affinity Steel keeps growing.
The Permian Basin is a hotbed of activity, always answering a relentless demand for output, and as experts look ahead, the infrastructure needed to accommodate surging output comes squarely into focus. He says the Permian Basin region has seen a couple of gigawatts of average growth.
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