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Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
This purchase strengthens the firms growing position in the core of the Midland basin, widely regarded as one of the most prolific energy-producing regions in the United States. This marks the firms fourth Midland basin acquisition in 2025, reflecting Rising Phoenix Capitals focused ground game and direct sourcing strategy.
Energy Development Corporation (USEDC), a Fort Worth-based exploration and production company focused on developing oil and gas projects for itself and its partners, has acquired ~20,000 net acres in Reeves and Ward Counties, Texas. from $165 million to $300 million Fort Worth, TX U.S. oil and gas properties. oil and gas properties.
Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the reaffirmation of its multi-year Reserve-Based Lending (“RBL”) credit facility with Citibank, N.A., its lead arranger. “The
and SAN FRANCISCO, March 10, 2025 (GLOBE NEWSWIRE) — Diversified Energy Co. (Oil and SAN FRANCISCO, March 10, 2025 (GLOBE NEWSWIRE) — Diversified Energy Co. PLC (NYSE: DEC, LSE: DEC) ( Diversified Energy ), FuelCell Energy, Inc. and DANBURY, Conn. and DANBURY, Conn. The partnership initiative, using U.S.-made
The sellers are Canada Pension Plan Investment Board (CPP Investments) and Encino Energy. CPP’s head of sustainableenergies, Bill Rogers, noted the success of the investment and the strong returns it generated. billion (CA$36.3B) globally in the sustainableenergy space. billion in new debt and $2.1
(ADNOC) launched the platform late last year to drive the United Arab Emirates’ expansion in the chemical, low-carbon energy and natural gas markets. In March XRG said it had completed the purchase of Galp Energia SGPS SA’s 10 percent stake in the Area 4 concession in Mozambique’s Rovuma Basin.
The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. domestic energy production.
“The partners will evaluate several CO2 storage sites in the Malay Basin, including both saline aquifers and depleted offshore fields”, France’s TotalEnergies said in a press release then. We’d love to hear from you, join the conversation on the Rigzone Energy Network. Petronas is part of the NETR Committee.
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.
billion merger between Viper Energy and Sitio Royalties isn’t just another deal—it’s a signal flare for the entire minerals market. That imbalance is driving up valuations, especially in the Permian and other core basins. The headline-grabbing $4.1 These deals don’t happen often—because they can’t.
Atlas Energy Solutions received the Bruno Hanson Midland College Environmental Excellence Award recently for its 42-mile conveyor system that carries sand for hydraulic fracturing. The award was announced last week at the Permian Basin environmental regulatory seminar.
On April 1, 2025, WaterBridge officially launched an open season to support the development of its new Speedway Pipeline , a dual 30-inch produced water system designed to address rising pore pressure and enhance flow assurance in the Northern Delaware Basin. million bpd of produced water across 2,400 miles of pipeline in major U.S.
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
Image by Daniel S Ragnarsson via iStock OMV AG plans to launch a seismic survey in December to explore the potential of geothermal energy in the East Styrian basin in the greater Graz area. The Austrian state-backed energy company expects to drill an exploration well in the second half of 2026.
(Oil Price) –The Permian Basin has been the star of the U.S. According to the energy investment firm , Montney is the top shale basin in North America with a view to future supply, sporting massive volumes of untapped resources with a high quality. shale oil and gas industry for years. And its in Canada.
Devon Energys fourth quarter 2024 earnings call provided critical insights into the companys ambitious plans for the Delaware Basin, one of its crown jewel assets. Heres a look at what Devon Energy has planned for this prolific region.
The Permian Basin, the beating heart of U.S. While operators still hold large inventories of low-breakeven projects, sustained drilling activity is essential to offset shales steep natural declines. shale oil production, is experiencing a notable contraction in drilling permit activity this spring.
Todays TRADITIONAL SUPER BASINS of oil & gas will not meet the challenges of sustainability and achieving Net-Zero by 2050. For the upstream industry to become more sustainable, it must focus on resources that are co-located with both plentiful clean electricity and CCS potential.
The first quarter of 2025 in the Dealaware Basin kicked off with a significant uptick in oil and gas drilling activity across North America. 93 records Devon Energy Corporation 88 records XTO Energy Inc. Conclusion The comparison between Q1 2024 and Q1 2025 paints a picture of modest growth and sustained operator confidence.
trade tensions and oil price declines, if sustained, may slow down oil sands growth but only at the margin, given these are long lead time projects and significant capital is already sunk. Play Fundamentals is an EIR research series that dives into a key geographical basin or technology. Learn more at Enverus.com.
In a new white paper titled What Remains: North American Upstream Inventory, energy private equity firm Kimmeridge outlines which shale basins have the best runway for returns over the next 10 yearsand why the spotlight is now turning to Canada. Strategic Fit: Kimmeridge has already made a move via its investment in Advantage Energy.
Industry leaders like ExxonMobil, ConocoPhillips, Chevron, Diamondback, Devon, and Occidental are racing to optimize capital efficiency while sustaining inventory quality. But as basins mature and geology becomes more challenging, the key question becomes: Can these gains be sustained, or has the industry already picked the low-hanging fruit?
ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. power demand. “As we announced today, we signed PSAs for about $600 million.
The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production. Prairie continues to advance development across its DJ Basin footprint, including the recently announced 11-well Rusch Pad targeting the Niobrara and Codell formations. bbl WTI and $4.28/MMBtu
TSX: WCP) stands at the forefront of efficiency-driven growth in the Canadian energy sector. Maintenance capital efficiency improvements ensure sustainable production growth. As we enter 2025, Whitecap Resources Inc. billion Funds Flow: $1.65 billion ($2.81/share) Debt/EBITDA ratio Dividends & Share Buybacks: Base dividend of $0.73/share
Efficient water management is crucial for long-term sustainability and resilience. The importance of water efficiency: Water is a vital resource that underpins virtually every aspect of modern society, from energy production and agriculture to manufacturing and domestic use. In the U.S. in 2020, the electric power sector used 47.5
With waters role in energy production more critical than ever, organizers of a fast-approaching annual conference on that subject promise that this year’s iteration will be the most impactful yet. PBWIEC provides a platform for companies to connect and showcase their leadership in sustainable water management and energy innovation.
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.
A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. energy industry. million b/d. tight oil plays. The other five major U.S.
Enbridge executives say partnerships like these are increasingly essential for aligning with Indigenous interests and ensuring community support for energy development. The Westcoast pipeline, operated by Enbridge subsidiary Westcoast Energy Inc., The Westcoast pipeline, operated by Enbridge subsidiary Westcoast Energy Inc.,
NGL Energy Partners LP has completed a series of non-core divestitures totaling approximately $270 million , including the sale of 17 NGL terminals, its Green Bay terminal, a refined products marketing business, crude railcars, and ownership in Limestone Ranch. refining network. and Canadian markets.
How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. Todays most influential energy executives are executing a well-coordinated playbook: stockpiling high-margin inventory, divesting non-core assets, paying down debt, and repurchasing shares all while delivering transformative business outcomes.
As part of his visit to the petroleum facilities at Ain Sokhna Port on the Red Sea coast, Minister of Petroleum and Mineral Resources, Karim Badawi, visited Sonker Bulk Liquids Terminal (SBLT): Basin-3, Sokhna Port. The post Badawi Highlights Egypts Energy Hub Ambitions at Sonker Terminal first appeared on Egypt Oil & Gas.
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. Together we’re unlocking synergies, creating new opportunities, and setting the stage for sustainable growth.”
Every day, MSC members and their employees continue to drive Americas energy future through the responsible development of Pennsylvanias abundant natural gas resources. Earth Day is a time to reaffirm that commitment to energy security, economic growth and U.S. global leadership powered by reliable, homegrown energy.
The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after. Prairie Operating Co.
Behind every AI-powered feature lies a sprawling network of data centers, and the demand these centers place on our energy systems is growing at a staggering rate. Both are highly energy-consuming due to the use of GPUs and cooling systems. The inference step, on the other hand, is less energy-intensive, the report adds.
But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. According to a survey of oil companies by the Federal Reserve Bank of Dallas, this break-even point is around $61 per barrel in the Midland Basin, the heart of the Permian, and $65 for the region as a whole.
Yet companies tend to seek new growth opportunities all the time to sustain their business, and the prospect of peak growth in the Permian is a real one. Both trends suggest that some formations in the basin are reaching geological constraints, and more drilling isnt necessarily proportionate to the oil volumes produced.
In a significant step towards expanding its operational footprint, New Height Energy, LLC has acquired multiple Texas Commission on Environmental Quality (TCEQ) air permits from SM Energy Company. These sites include tank batteries and production facilities previously operated by SM Energy.
Sydri Operating, LLC has taken a significant step forward in expanding its operational footprint through the acquisition of Texas Commission on Environmental Quality (TCEQ) air permits previously held by Crimson Energy Partners IV LLC.
Nasdaq: PROP) (the Company or Prairie) an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin today announced it is beginning completions of nine previously drilled but uncompleted (DUC) wells acquired in the recent Bayswater transaction.
The midstream energy sector is undergoing a transformative shift. 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. ” Energy Transfer (ET) Who Are the Key Players? energy production growth.
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