BOE Report

MAY 20, 2025

oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey’s southeastern Diyarbakir Basin, the Turkish energy minister said. Continental Resources and Turkish national oil company TPAO signed a joint venture agreement in March to develop shale fields in the basin.

Barrel 111

Barrel Oil Crude Oil Basin 111

Oil & Gas 360º

JUNE 6, 2025

Major Basin Variances This Week +/- Ardmore Woodford 3 0 Arkoma Woodford 1 0 Barnett 2 0 Cana Woodford 20 2 DJ-Niobrara 5 0 Eagle Ford 40 -3 Granite Wash 14 -1 Haynesville 35 2 Marcellus 24 0 Mississippian 0 0 Permian 275 -3 Utica 12 0 Williston 31 0 All other regions saw no net change in the active rig count. The Permian is at 275, down 3.

Basin 130

Basin Crude Oil Oil 130

Oil & Gas 360º

MAY 2, 2025

(Oil Price) –First-quarter earnings at ExxonMobil ( NYSE: XOM ) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices.

Basin 130

Basin Upstream Oil Offshore 130

Permian Basin Oil and Gas Magazine

MAY 13, 2025

Midland-based Permian Resources last week revised 2025 guidance after making a bolt-on acquisition in northern Delaware Basin. First quarter production was 174,967 barrels of crude oil per day and 373,200 boed. The post Permian Resources acquires Delaware Basin assets from APA Corp. for $608 million.

Basin 72

Basin Royalty Crude Oil Operator 72

Oil & Gas 360º

APRIL 1, 2025

(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.

Basin 130

Basin Energy Energy Exploration and Production 130

Permian Basin Oil and Gas Magazine

MAY 30, 2025

Civitas said May 8 that production guidelines this year remain at 330,000 boed and 152,500 barrels per day of crude oil. First quarter production was 311,000 boed (down 14 percent from 4Q) and 141,000 b/d of oil (down 12 percent from 4Q) from its operations in Permian Basin and DJ Basin. billion to $1.9

Basin 64

Basin Crude Oil Barrel Oil 64

Permian Basin Oil and Gas Magazine

APRIL 18, 2025

Energy Information Administration said April 10 the nations crude oil exports reached a record in 2024. But despite the record, growth of crude oil exports year-over-year slowed to 1 percent in 2024 compared with 14 percent in 2023 and 21 percent in 2022. Crude oil production in U.S. crude oil exports.

Crude Oil 59

Crude Oil Oil Basin Barrel 59

Permian Basin Oil and Gas Magazine

MAY 20, 2025

Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil gathering system of Black Knight Midstream. Chris Chandler, COO, said of the Black Knight asset, Its in the absolute core of the northern Midland Basin. The $55 million deal closed May 1.

Midstream 64

Midstream Basin Pipeline Crude Oil 64

Oil & Gas 360º

APRIL 17, 2025

(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). ANPG is Angolas national concessionaire and regulator.

Basin 130

Basin Oil Petroleum Gas 130

Oil & Gas 360º

MAY 16, 2025

(Oil & Gas 360) – HOUSTON , May 16, 2025 / PRNewswire / — EOG Resources, Inc. ( EOG ) today announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA).

Exploration and Appraisal 130

Exploration and Appraisal Exploration and Production Crude Oil Basin 130

RBN Energy

MAY 22, 2025

The pipelines carrying crude oil from the Permian Basin in West Texas to the Corpus Christi area have been as jammed as an urban highway on the Friday before Memorial Day weekend.

Crude Oil 57

Crude Oil Pipeline Oil Basin 57

Oil Gas Leads

MAY 3, 2025

The Hacksaw Crude Oil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Pipeline Connectivity : The terminal is connected to the Eagle Ford JV Pipeline, facilitating efficient transportation of crude oil to downstream markets.

Midstream 52

Midstream Crude Oil Oil Basin 52

Permian Basin Oil and Gas Magazine

MAY 23, 2025

crude oil production next year. A combination of slowing global oil demand fueled by uncertainty over U.S. oil production later this year and could lead to an annual decline next year. The forecasts are included in the latest Global Crude Oil Markets Short Term Outlook.

Crude Oil 45

Crude Oil Oil Basin Barrel 45

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

Texas produced 2.003 billion barrels of crude oil in 2024 a record volume, according to Railroad Commission of Texas, and the first time for the state to top 2 billion barrels in one year. The commission said March 26 that Texas produced 2,003,844,281 barrels of oil to better the recent records of 1.99 billion barrels in 2019.

Crude Oil 52

Crude Oil Natural Gas Gas Oil 52

Oil Gas Leads

JUNE 4, 2025

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

Basin 52

Basin Oil Operator Gas 52

Oil & Gas 360º

MAY 14, 2025

(Oil Price) –The Permian Basin has been the star of the U.S. shale oil and gas industry for years. It also has some rather solid crude oil resourcesand some of the lowest production costs in the industry. This is by far the longest lifespan of all shale basins that the firm reviewed in its report.

Natural Gas 130

Natural Gas Basin Oil Crude Oil 130

Oil Gas Leads

MARCH 8, 2025

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.

Basin 52

Basin Natural Gas Pipeline BCF 52

Oil Gas Leads

MARCH 4, 2025

The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. The price of West Texas Intermediate (WTI) crude oil closed the quarter at $71.72

Basin 52

Basin Energy Energy Natural Gas 52

Oil & Gas 360º

MAY 20, 2025

(Oil & Gas 360) – Earlier this month, EnerCom met with CanCambria Energy CEO Paul Clarke, PhD, to talk about how the company could transform natural gas markets in Europe through CanCambrias Kiskunhalas drilling project in the Pannonian tight gas basin.

E&P 130

E&P Natural Gas Energy Energy 130

Oil & Gas 360º

APRIL 21, 2025

Ballymore is an example of how we are leveraging technology and driving efficiencies to help produce affordable, reliable energy from the deepwater Gulf of America, one of the lowest carbon intensity oil and gas producing basins in the world, said Brent Gros, vice president, Chevron Gulf of America.

Oil 130

Oil Crude Oil Exploration and Production Natural Gas 130

Oil & Gas 360º

APRIL 7, 2025

Libya aims to boost its oil production and attract foreign investments in its oil industry amid a period of relative stability in the country. The new bid round has generated a lot of interest from foreign majors, Masoud Suleman, chairman of Libyas National Oil Corporation (NOC), told Reuters today.

Exploration and Production 130

Exploration and Production Oil Crude Oil Barrel 130

RBN Energy

MAY 22, 2025

Theres a lot to like about the Uinta Basins waxy crude, but ramping up its production and use in refinery feedstock slates will require multimillion-dollar investments in rail terminals, special rail cars, heated storage, refinery equipment and other midstream and downstream infrastructure.

Basin 49

Basin Midstream Refinery Downstream 49

Oil & Gas 360º

MAY 9, 2025

Enbridge operates the Mainline system, moving more than 3 million barrels a day of crude oil and liquids from Western Canada to the demand markets in the United States. In total, Enbridge moves 40% of all North American crude. The EPS beat the analyst consensus estimate of US$0.69 (C$0.96) for the first quarter of 2025.

BCF 130

BCF Pipeline Natural Gas Crude Oil 130

Oil Gas Leads

MARCH 7, 2025

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. Potential Impact of Tariffs and Permian Crude Pricing The potential U.S.

Basin 52

Basin Exploration and Production Oil Operator 52

Oil & Gas 360º

APRIL 16, 2025

(World Oil) –Vista Energy has acquired Petronas’ 50% stake in a region of the Vaca Muerta shale basin in a deal valued at $1.5 LACh spans across 46,594 acres in the black oil window of Vaca Muerta. billion USD. I firmly believe this represents a unique opportunity to create long-term value for our shareholders.

Oil 130

Oil Barrel Crude Oil Operator 130

Rextag

MAY 15, 2025

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. million shares repurchased in April 2025 ($10.52

Basin 52

Basin Operator BBL Natural Gas 52

Permian Basin Oil and Gas Magazine

APRIL 25, 2025

crude oil production grew by 270,000 barrels per day in 2024 to average 13.2 EIA said April 16 most of the growth came from Permian Basin. EIA reported, In 2024 the Permian region … produced more crude oil than any other region, accounting for 48 percent of total U.S. crude oil production.

Crude Oil 59

Crude Oil Drilling rig Oil Basin 59

Oil & Gas 360º

MAY 16, 2025

Major Basin Variances This Week +/- Ardmore Woodford 5 0 Arkoma Woodford 2 0 Barnett 2 0 Cana Woodford 21 0 DJ-Niobrara 5 0 Eagle Ford 46 0 Granite Wash 16 3 Haynesville 33 0 Marcellus 25 0 Mississippian 0 0 Permian 282 -3 Utica 11 1 Williston 33 0 All other regions saw no net change in the active rig count.

Basin 130

Basin Crude Oil Oil 130

RBN Energy

APRIL 25, 2025

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.

E&A 76

E&A BBL Crude Oil Upstream 76

RBN Energy

MAY 9, 2025

Several large, publicly held midstream companies play critical roles in transporting crude oil, natural gas and NGLs from the Permian Basin to markets along the Gulf Coast, and all of them are investing hundreds of millions or even billions of dollars to expand their Permian-to-Gulf infrastructure.

Midstream 75

Midstream Gas Crude Oil Natural Gas 75

Oil Gas Leads

MARCH 8, 2025

Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand.

Basin 52

Basin Midstream Pipeline Oil 52

RBN Energy

JUNE 3, 2025

Midstream developers have complained for decades that federal courts reviewing agency approvals for their infrastructure projects have cast too wide a net that is, instead of requiring agencies to simply analyze the specific environmental impacts of the project in question, the courts have been insisting regulators also examine the effects of the (..)

Basin 76

Basin Downstream Midstream Upstream 76

Oil & Gas 360º

MAY 30, 2025

Major Basin Variances This Week +/- Ardmore Woodford 3 -1 Arkoma Woodford 1 0 Barnett 2 0 Cana Woodford 18 -2 DJ-Niobrara 5 0 Eagle Ford 43 1 Granite Wash 15 -1 Haynesville 33 0 Marcellus 24 0 Mississippian 0 0 Permian 278 -1 Utica 12 -1 Williston 31 0 All other regions saw no net change in the active rig count. The Utica is at 12, down 1.

Basin 130

Basin Crude Oil Oil 130

Rextag

JUNE 2, 2025

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.

Basin 40

Basin Exploration and Production Oil Condensate 40

Oil & Gas 360º

MAY 5, 2025

But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. produced about 5 million barrels of crude oil per day, down by half from the 1970s. Sure, todays industry is far larger and more sophisticated. Twenty years ago, the U.S.

Oil 130

Oil Barrel Field Basin 130

Oil & Gas 360º

MAY 30, 2025

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. Wachtell, Lipton, Rosen & Katz is serving as EOGs lead legal advisor.

Exploration and Production 130

Exploration and Production Natural Gas Crude Oil Energy 130

RBN Energy

MAY 9, 2025

In just a few years, the Uinta Basin has morphed from a quirky, waxy-crude curiosity to a burgeoning shale play with production north of 170 Mb/d and initial production (IP) rates that compare favorably with the best wells in the Permian.

Basin 85

Basin IT Transportation Crude Oil 85