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Horizontal Drilling in Legacy Rock Blackbeard is proving that the Central Basin Platform still holds significant potential. Strategic Takeaways Reinventing Legacy Plays Blackbeard’s YTD well count shows confidence in a basin most considered depleted.
Following strong strategic moves in the first half of the year, including acquisitions and technological innovation, here are the top five focus areas that will define Coterra’s direction through the rest of 2025: Permian Basin Account Directory = $10 Buy Now Includes: Account Name. Integration of Delaware Basin Acquisitions The company’s $3.95
May 27, 2025 The Hugh Brinson Pipeline, a major natural gas infrastructure project led by Energy Transfer LP , continues to move forward as key regulatory approvals are secured. Developer : Energy Transfer LP via its affiliate Hugh Brinson Pipeline LLC. Phase II (Planned) : Additional compression facilities to expand capacity to 2.2
Several major basins, including the Permian and Eagle Ford, recorded new lows. According to the latest Baker Hughes report, the total number of active rigs fell by 4 to 559, the lowest level since November 2021. Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. Here is a summary of the U.S.
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.
One of the most innovative approaches Coterra is utilizing is its ‘row developments’ strategy , particularly in the Permian Basin. Coterra’s operations in the Permian Basin leverage their highly contiguous acreage position to implement sizable and highly efficient projects known as row developments.
The rapid growth of natural gas 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. Beginning operations in early October, the pipeline can transport up to 2.5 Bcf/d of natural gas.
The Permian Basin is seeing output contraction and rig pullback despite being the top U.S. million bpd ( from 6.57 million bpd in March) Macro Commentary This marks the third consecutive weekly decline in rig activity, driven by oil price pressures and a strategic shift by operators toward shareholder returns over production growth.
The Permian Basin, in particular, saw a notable drop, reaching its lowest rig total since February 2022. 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 natural gas rigs.
You are probably aware that the water problem in the Permian Basin is direit is the desert, after all. Disposal of produced water in the past was largely a matter of just pumping it back down underground, as is seen in the proliferation of SWDs (Salt Water Disposals) that dot the landscape in the Permian Basin. Not even on eBay.
crude production to hit record highs for the next two years before plateauing later in the decade. Gas drillers, in particular, may ramp up activity if prices rebound as expected in 2025.
upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2025 , a sharp increase from $1.05 billion in Q1 2024.
Rig Count Drops Again But Production Still Forecast to Rise For the week ending May 16: U.S. bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9
Overall Rig Count : Total U.S. rig count held relatively steady this week, with only a modest overall decline. As commodity prices and demand forecasts continue to evolve, rig count trends will remain a key indicator to watch for future production shifts.
If not utilized on site, captured CO 2 can be compressed and transported via pipeline, ship, rail, or truck, and then repurposed for various applications or injected into deep geological formations (such as saline formations or depleted oil and gas fields) for permanent storage. Assuming onshore pipeline capacities ranging between 0.5
Key Processes: Transportation via pipelines, rail, trucks, or ships; storage in tanks or other facilities; and marketing for wholesale distribution. Assets: Midstream assets include pipelines, storage tanks, terminals, and transportation infrastructure. It bridges the gap between the upstream and downstream sectors.
Regional drilling activity remains mixed, with the Permian Basin and Eagle Ford experiencing slight declines, while other areas such as Oklahoma and Louisiana are showing growth. Regional Breakdown : Permian Basin : Declined by 1 rig to 300, down by 15 rigs compared to last year. Natural gas output is forecasted to reach 105.2
Texas and New Mexico, the largest basins, remain flat week-over-week. Broader rig activity remains soft overall , signaling cautious capital spending amid uncertain commodity prices and tariffs.
The collaborationamongthe three companies would leverage in-basin natural gas production, advanced energy generation via fuel cell technology, and infrastructure financing to create a highly efficient, scalable, and sustainable energy solution tailored for the rapid expansion of data center power capacity requirements.
Gas drilling activity could increase in response to a projected rise in gas prices, potentially benefiting gas-heavy basins like the Marcellus and Haynesville. Key Takeaways The rig count decline is modest , suggesting a more stable period after recent additions.
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8
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.
The Permian Basin , the largest shale oil-producing region, lost two rigsbringing the total to 287, the lowest since December 2021. This puts the national rig count down 3% year-over-year and reflects a broader trend of moderated drilling activity. Key Takeaways: Oil rigs dropped by four to 479, while gas rigs edged up by two to 101.
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