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.

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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.

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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.

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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. has 40 percent working interest.

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Oil Gas Leads

JUNE 11, 2025

Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Liquids” includes crude oil and NGLs.

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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.

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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.

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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.

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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.

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Oil & Gas 360º

APRIL 7, 2025

The figures a year ago included 689 oil wells, 183 gas wells and 19 dry holes. The three Permian basin districts7C, 8 and 8Acomprised 67.3% The distribution of wells in these categories was roughly the same in March, as it was in January. Compared to March 2024, last months activity was 20.3% of all drilling in the state during March.

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Oil & Gas 360º

MAY 27, 2025

Output of crude oil in the play will plateau at 7.7 million bpd, and this will more than offset production declines in other producing regions in the countrymeaning oil demand will be healthy enough to support such a trend. The gas-to-oil ratio of output there has been on the rise, as has the water-to-oil ratio in the play.

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Oil & Gas 360º

JUNE 3, 2025

existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5 mboe/d) Approximately 16.1

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Oil & Gas 360º

MAY 20, 2025

Hess Bakken Investments, a Hess subsidiary, operates about 483 producing wells in the Williston Basin in which Continental owns a working interest. Hess Corp has a 38% interest in Hess Midstream, which owns oil, gas and produced water handling assets primarily in the Bakken and Three Forks shale plays, Continental said.

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Oil & Gas 360º

JUNE 5, 2025

Who’s to say it won’t happen again in the face of these new predictions of peak oil? The Permian basin has become one of the most productive oil fields in the world, Fig. In fact, if the Lone Star State were its own country, we would be the world’s third-largest producer of natural gas and fourth-largest producer of oil.

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Aresco

OCTOBER 25, 2023

What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas. This includes both onshore and offshore activities.

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Oil & Gas 360º

APRIL 30, 2025

Established in 1961 Offices in Dallas and Houston, Texas 50+ Engineers, Geologists, Geophysicists, and Petrophysicists 60+ Engineering and Geology Analysts Expertise in most producing basins worldwide Well known within the oil & gas and financial communities Chosen by more companies for their SEC reserves reporting than any other petroleum consulting (..)

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Oil & Gas 360º

APRIL 22, 2025

Established in 1961 Offices in Dallas and Houston, Texas 50+ Engineers, Geologists, Geophysicists, and Petrophysicists 60+ Engineering and Geology Analysts Expertise in most producing basins worldwide Well known within the oil & gas and financial communities Chosen by more companies for their SEC reserves reporting than any other petroleum consulting (..)

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Oil & Gas 360º

MARCH 10, 2025

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

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Rextag

MAY 5, 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 of Chevron Gulf of America. owning the remaining 40%.

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Oil & Gas 360º

MAY 19, 2025

(Oil Price) –The decline in oil prices and the prevailing uncertainty about the economy, trade, and supply chains are accelerating the peak in U.S. oil production despite President Donald Trumps drill, baby, drill slogan. With the U.S. Gulf of Mexico, executives and analysts say. We currently estimate that the U.S.

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Oil & Gas 360º

APRIL 9, 2025

Earlier this week, during a Permian basin golf tournament, American shale drillers let their frustrations with the Trump administration be known, according to a Bloomberg report. For shale drillers, this translates into a dangerous loss of demand for crude oil that will not be able to support current drilling, let alone any expansion.

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Oil & Gas 360º

MAY 2, 2025

The company completed an expansion at the Tengiz oilfield in Kazakhstan in January and grew production from the Permian basin, the top U.S. Refining profit improved from the previous quarter, when Chevrons downstream operations reported the first loss in four years. oilfield, by 12% year-over-year.

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Oil & Gas 360º

JUNE 11, 2025

Already, the number of rigs drilling for crude in the U.S. plummeted to the lowest in about four years as shale explorers brace for weakening global oil demand. million, driven by a slowdown in the prolific Permian basin, the EIA said. shale production will be about 11.09

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Oil & Gas 360º

MARCH 13, 2025

Interior Secretary Doug Burgum vowed to open up American public land to oil and gas drillers, underscoring Trumps drill, baby, drill ethos. The United States already became the worlds top oil and gas producer under former President Joe Biden. oil prices are currently around $68 a barrel. million bpd in 2026. The CEO of U.S.

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