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(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
With this new infrastructure, NEH Midstream LLC, New Era Heliums wholly owned subsidiary, aims to minimize methane emissions, positioning its production for RSG certification and enhancing the value of its helium as RSH , a designation trademarked by the Company. (Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
Continental said that Hess, which operates hundreds of wells in North Dakota, artificially inflated midstream service fees by entering into agreements with its own subsidiaries. Hess Bakken Investments, a Hess subsidiary, operates about 483 producing wells in the Williston Basin in which Continental owns a working interest.
Spirit O&G’s acquisition marks a strategic move into mature Permian Basin acreage , consistent with its proven model of optimizing legacy production assets. The PBR status and Permian Basin location make it a strategic fit for Spirit’s PDP-focused operating model. miles on US-87 N, turn right, continue 0.4
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.
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. Sources are cited in brackets.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
The Dallas-based E&P announced in its Q1 2025 earnings that it will reduce its rig count midyeardropping from nine to eightciting weaker commodity prices and an uncertain macroeconomic outlook. We analyzed drilling data across multiple basins, with a focus on rig utilization and regional hot spots. Matador Resources Co.
Whether youre a directional driller, frac crew, water hauler, or E&P investor knowing where the backlog is can be the key to targeting the right accounts and fields for the months ahead. Looking Ahead If historical patterns hold, many of the 2023 and 2024 permits may turn into drilling activity in 2025 and beyond.
The pipeline system comprises two active segments: OM (Other Modification): 38.55 miles PA (Pipeline Addition): 27.00 Regulated Miles: 0.00 Unregulated Miles: 65.54 Amendments: OM (Other Modification): 38.55 miles (attribute/geometry updates) PA (Pipeline Addition): 27.00
Diamondback Energy, a bellwether in the Permian Basin, has already pulled back. Weve done an incredible job becoming the worlds largest oil producer, a Texas-based E&P exec said. To balance the market, oil prices may need to drop to a point where U.S. unconventional production is shut down, warned one top analyst.
In this favorable environment, private companies in multiple basins realized significant returns for their investors by exiting their commitments. From an equity standpoint, the recent sales have increased the need to fund new upstream and midstream companies. appeared first on Permian Basin Oil and Gas Magazine.
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