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The industry’s obsession with single-basin studies isn’t just limiting our understanding, it might be actively misleading us about what drives production. Take the Williston Basin, where a naive analysis might suggest older parent wells somehow boost production in nearby child wells. The result?
natural gas impact fee revenues top $164 million Natural gas development remains a key economic driver in Pennsylvania. The natural gas industry continues to be a key driver for local progress and opportunity.” Details on how communities can access these funds can be found here. “The Bradford Era: Annual Pa.
Pantheon says oil remains the key value driver, while associated gas could support financing through Alaska LNG Phase 1. UK-based explorer Pantheon Resources is moving forward with its Alaska drilling campaign despite recent setbacks at its Megrez-1 exploration well. The well was suspended, and shares dropped to 20.65
Despite, or perhaps because of, this backdrop, there was notable interest in emerging basins beyond the Permian. Content focusing on the Powder River Basin and DJ Basin drew significant attention from attendees exploring opportunities outside traditional core areas. A Case Study from the Powder River Basin D.
Top posted industry occupations for May included retail salespersons (355), heavy and tractor-trailer truck drivers (285), and maintenance and repair workers, general (284). Almost all of the production growth has come from the Permian Basin region. Oil production has jumped this year after hitting a record 13.2
Natural gas development remains a key economic driver in Pennsylvania. This brings the 14-year total to more than $3 billion in funds generated by the industry dedicated to community, environmental and infrastructure needs across the Commonwealth.
The EU Emissions Trading System regulatory framework The EU Emissions Trading System (EU ETS) regulatory framework initiated its trial phase in 2005, initially focusing on the power and heat, refinery, cement, iron, steel, glass, and pulp and paper industries. 1 âEU Emissions Trading System: Scope of the EU ETS,â European Commission.
Crude oil drivers for Sunoco Logistics Partners (also known as Energy Transfer ) have successfully forced United Steelworkers (USW) union bosses out of their work unit, according to a statement issued on May 20 by the The National Right to Work Legal Defense Foundation.
From the Permian Basin to the Gulf Coast, companies are pushing the boundaries of efficiency, reliability, and environmental responsibility. This regulatory push is a powerful driver for more advanced and highly efficient conditioning technologies. Here in Texas, the global epicenter of energy, this transformation is palpable.
As 2025 enters its second half, ExxonMobil stands at a critical juncture—leveraging its scale, technology, and capital discipline to drive upstream growth, especially in the Permian Basin. From advanced fracking to record production, here are the top 5 strategic priorities that will shape ExxonMobil’s momentum through year-end.
The Selene discovery is a key driver for this Acquisition, which forms an important component of Viaro’s recently announced transaction with Shell and ExxonMobil, as well as within the broader basin context. The transaction reflects our commitment to advancing key developments responsibly and with the continuity they require.
With a strong footprint in the Delaware Basin and a management team unafraid to act decisively, the remainder of 2025 looks poised to deliver focused growth. Efficiency gains are a major driver here: Drilling & Completion costs: $750/ft (–8% YoY) Cash costs per boe: –4% QoQ Q1 2025 Free Cash Flow: A record-breaking $460 million 4.
CEO Ryan Lance has highlighted AI as a major new demand driver. It’s forming a joint venture with a hyperscaler and a power producer to build a large gas-fired plant in the Permian Basin, using its own gas. EOG Resources: Focused on Low-Cost Gas Supply EOG hasn’t announced direct BTM ventures, but it sees opportunity in the AI boom.
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
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
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. billion to $2.8
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.
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.
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. We analyze major U.S. 2023 Production: ~6.0 2024 Production: 6.3
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. million boe/d in Q1. What Does “Advantaged” Mean?
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.
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.
Top Rig Contractors Leading Q1 2025 The most active contractors by rig and activity count in Q1 2025 are: Contractor & Rig Q1 2025 Activity Count Precision 540 8 Precision 541 7 Jomax 3 6 Precision 533 5 Bear 1 5 Precision Drilling continued its leadership, securing three of the top five most active rig spots.
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. of every 100,000 yielded a fatal crash.
Devon Energys first-quarter 2025 results reflect a disciplined, high-performance approach to drilling and capital deployment. With strong operational momentum, the company delivered above-guidance production and implemented early phases of its business optimization strategycutting capital while maintaining output.
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.
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.
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. And the welding community seems to be particularly close-knitor more precisely, welded together. Rodriguez answered.
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.
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.
LOCATION-LOCATION-LOCATION The Autazes project is located along the Amazon Potash Basin, in NW Brazil, about 100 miles from the city of Manaus. POTENTIALLY DISRUPTIVE LOW COST ECONOMICS IS A WINNER FOR FARMERS & INVESTORS Brazil Is Fastest Growing Potash Market But Imports 98% of It! Which is a BIG advantage! CHA CHA CHA!
poised to expand LNG export capacity , interest in gassy basins has surged. The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs.
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. Finding the relevant information by conventional means is time consuming.
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. There continues to be a very strong desire for data centers to be decarbonized, Woods emphasized.
poised to expand LNG export capacity , interest in gassy basins has surged. The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs.
This return to pro-development leasing is a significant driver behind the optimism in the sector. For new investors, the move represents a government commitment to stable, long-term energy production. Institutional and Retail Confidence Rebounding It isn’t just independent or first-time investors taking notice.
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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