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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.
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
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.
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
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.
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.
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.
While liquid yields will vary across the field area and in time as the reservoir pressure drops during field production, the overall elevated liquid yields are expected to be a significant driver of enhanced project economics. With the publication of this announcement, this information is now considered to be in the public domain.
Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. The Permian Basin remains the top destination for U.S. What are the key companies doing to stay competitive? MMBbl/d.
Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB). Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets. What to consider as an active producer or investor in the oil sands.
Their strategic focus on high-margin assets and drilling efficiency improvements have contributed significantly to the uptick seen in regions like Grande Prairie and Drayton Valley.
Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.
The highlights and links to the papers are here: Enhancing Production Efficiency: The Impact of Precision Targeting in the Midland Basin We highlighted the production and economic effects of the landing zone and the benefits of landing wells in the top half of the Lower Spraberry Shale or high in the Jo Mill.
What Devon Said About Drilling, Rigs, and Completions Devons capital activity in the first quarter averaged 23 operated drilling rigs and 6 completion crews… 136 gross operated wells were placed online, with an average lateral length of 10,700 feet. per Boe, total production cost at $12.42
Most everyone in the workforce has a legitimate drivers license and the majority of the drivers even have insurance. ” We in the Permian Basin strive for yearly increased production, through technology, research, training, and ingenuity, plus decreased cost. There is not much comfort there either.
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.
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the Zephyr’s flagship asset is an operated 46,000-acre leaseholding located in theParadox Basin,Utah.
This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. ” Phillips 66 (PSX) Permian Basin: The Growth Engine of Midstream Expansion The Permian Basin is at the center of the midstream revolution.
This is due to the fact that the US is still experiencing above normal La Nia effects which suppresses hurricane activity in the central and eastern Pacific basins, and ultimately bolsters the effects in the Atlantic basin, hence a wet 2022 season.
According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This allows each Dual Drive compression unit to switch between drivers at any time to actively manage greenhouse gas emissions and the use of the electrical grid. In fact, the No.
As a whole, the oil patch is a tight-knit community, especially in the Permian Basin, where almost everyone is in the business one way or another. Now hes looking to add more trucks and drivers to a growing fleet. The post Welded Together appeared first on Permian Basin Oil and Gas Magazine. Rodriguez answered.
LOCATION-LOCATION-LOCATION The Autazes project is located along the Amazon Potash Basin, in NW Brazil, about 100 miles from the city of Manaus. The mine is expected to have a life of 23 years at this rate based on drilling only a VERY small portion of this potentially massive potash basin. Which is a BIG advantage! from 2023 to 2027.
When studying a particular exploration tract, we can ask questions like “What reservoir formations are in this basin?” A game changer for Wintershall Dea and the oil and gas sector In the oil and gas sector, a key value driver is time. ” and get an intelligent answer.
The Permian Basin may soon become ground zero for the convergence of hydrocarbons and high-performance computing. Power independence is a financial driver too. From West Texas to global LNG markets, top U.S. The benefit would be equity participation in the plant and power side.
poised to expand LNG export capacity , interest in gassy basins has surged. Conclusion: Austin Chalks Gas Revival is Here What started as a secondary zone is fast becoming South Texas primary growth driver for natural gas. Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S.
poised to expand LNG export capacity , interest in gassy basins has surged. Conclusion: Austin Chalks Gas Revival is Here What started as a secondary zone is fast becoming South Texas primary growth driver for natural gas. Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S.
This enhanced NGL recovery directly benefits operations in liquids-rich DFW basins. Greener Processing | Reducing Emissions NGL Processing A crucial driver of innovations in NGL processing is the increasing focus on environmental stewardship.
And a 2024 industry survey by the Federal Reserve Bank of Dallas showed that drillers require oil prices of between $59 and $70 to drill a new well, depending on the basin. The CEO of U.S. producer OXY Energy Services warned that oil prices below $60 a barrel would likely force small drillers to reduce activity. Benchmark U.S.
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