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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.
The Tanzania Petroleum Development Corporation is developing the Tanzania LNG project, working with Shell and Equinor to monetize resources in Blocks 1, 2 and 4. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.
(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy).
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. NSAI) Netherland, Sewell & Associates, Inc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. NSAI) Netherland, Sewell & Associates, Inc.
Covering 30% of the KCA to the north, there exists a large, deep Miocene-age basin named the Soltvadkert Trough, which is analogous in many respects to the petroleum play elements in the Kiskunhalas Trough. The area has no existing deep drilling and is largely unexplored, covered only by old 2D seismic.
(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.
The permit change finalizes the transition of operational control from APA Corporation —which had previously acquired the asset through Callon Petroleum —to Spirit O&G Operating LLC , led by longtime industry executive Todd Guest. The PBR status and Permian Basin location make it a strategic fit for Spirit’s PDP-focused operating model.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. You can sign up at [link] to be notified when more information is available.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. You can sign up at [link] to be notified when more information is available.
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. Co-owner TotalEnergies E&P USA, Inc.
Both trends suggest that some formations in the basin are reaching geological constraints, and more drilling isnt necessarily proportionate to the oil volumes produced. Of these 18, a handful are the really big players, including Exxon, Chevron, Occidental Petroleum, Diamondback Energy, and EOG. before 2035.
Our team has worked exceptionally hard to crack the code to deliver highly economic production from this under-explored basin, and with today’s news I believe we have made huge strides forward. With the publication of this announcement, this information is now considered to be in the public domain. the “Paradox project”).
Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. The prospective resources shown in theNSAI Report have been estimated using probabilistic methods and are dependent on a petroleum discovery being made.
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
The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. A mere two years later, over-extraction drove the field into decline. That might not be existential.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. NSAI) Netherland, Sewell & Associates, Inc.
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.
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
The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S. to become the worlds top oil producer, stealing market share from the Organization of the Petroleum Exporting Countries (OPEC) and other top producers. (BOE Report) – U.S. TAPPED OUT?
benchmark WTI crude prices at $60 per barrel, its mostly hold, baby, hold in the American shale patch, where output in the major basins except the Permian has already started to level off or drop. oil production despite President Donald Trumps drill, baby, drill slogan. With the U.S. Gulf of Mexico, executives and analysts say.
Strategic Petroleum Reserve (SPR) right to the top and export American energy all over the world. In this favorable environment, private companies in multiple basins realized significant returns for their investors by exiting their commitments. These higher valuations should encourage public E&Ps to divest non-core positions.
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