article thumbnail

Pilot Program Focuses on Putting Electric F-150s to Work

NGT News

Merge Electric Fleet Solutions is initiating a new pilot program to deploy fully-electric Ford F-150 Lightning trucks in the Permian Basin area, enabling oil and gas operators and service companies to test fully-electric pickup trucks, determine how they will meet drivers’ needs and confidently build a fleet electrification plan.

Drivers 246
article thumbnail

Permian Basin Economic and Energy Update: Q4 2024

Oil Gas Leads

The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. A combination of rising energy prices, stable production, and economic expansion has positioned the region as a key driver of the U.S. Production Growth Despite Fewer Rigs Oil production in the Permian Basin increased to 6.5

Basin 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

The Permian Basin continues to be a driving force behind U.S. 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. oil and gas production, and ONEOK Inc. Bcf/d in 2025.

Basin 52
article thumbnail

ExxonMobil’s Permian Basin Strategy: How Technology is Driving Efficiency and Growth

Oil Gas Leads

CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. million barrels per day (bpd) accounting for over 16% of the basins total production. energy production, contributing 6.26.3

Basin 52
article thumbnail

When Numbers Lie: What Permian Basin Spacing Trends Don’t Tell Us About Well Performance

Novi

Examining the relationship between oil production and proppant , we see both the Delaware Basin (Figure 1) and Midland Basin (Figure 2) showing a production increase with proppant intensity. Figure 1: Delaware Basin 12 month cumulative oil production per lateral foot, plotted against proppant per lateral foot used in the completion.

Basin 52
article thumbnail

Phillips 66 Doubles Down on Permian Basin Growth with EPIC Acquisition and New Processing Expansions

Oil Gas Leads

Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. Growing Midstream EBITDA Through Permian Expansion The Permian is a major driver of Midstream earnings growth for Phillips 66, and they expect these investments to contribute to their $1 billion Midstream EBITDA growth goal by 2027. energy production.

Basin 52
article thumbnail

Targa Resources reports record production in 2024 and 4Q

Permian Basin Oil and Gas Magazine

20 it completed its new Greenwood II plant in Midland Basin (275 million cfd) and its new Train 10 fractionator in Mont Belvieu (120,000 b/d). Also Targa recently commenced operations of its Bull Moose plant (275 million cfd) and front-end treater (800 million cfd) in Delaware Basin. Targa said Feb.

Basin 52