This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
With this step, we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet. The return of a public Company to the basin underscores the deep value and long-term potential of the asset.
oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in naturalgas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.
oilfield services sector through technology, disciplined capital allocation, and a sharp eye on future naturalgas demand. Oil & Gas Drilling Engineer Directory – $25 Buy List Now Includes: Account, Contact Name, Email, Location…. rig count in Q2 was 104, with the Permian Basin seeing the largest changes.
This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward naturalgas. Strategic Shift Toward Gas: Naturalgas rigs are up 7 YoY , showing resilience. Producers may be pivoting to gas due to: Stronger gas prices.
As Texas continues to anchor itself as a national leader in energy infrastructure, Blackcomb Pipeline, LLC is advancing development with two new compressor stations to support its naturalgas pipeline network. An approximate 80-mile, 42-inch lateral line will also provide connectivity for gas processors in the Midland Basin.
“That added an additional barrier to a market that was already challenged by the lack of remaining attractive opportunities for public E&Ps, especially in the Perman Basin. EOG supercharged its exposure to the Utica liquids window, adding it as a third pillar of the company’s business along with the Delaware Basin and Eagle Ford.
Past Energy Transition and Emerging Technology sessions have featured innovations in geothermal, lithium, solar, helium, renewable naturalgas, carbon capture, and even robotics. This year’s presenting companies will once again deliver cutting-edge insights in engineering, innovation, and energy economics.
In the dynamic and demanding world of naturalgas processing, the pursuit of efficiency is relentless. For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness.
The Permian Basin is best known as the beating heart of U.S. Driven by the electrification of oil & gas operations , midstream expansion, and rising residential demand, the Permian is now among the largest contributors to U.S. GW of Permian Demand According to analysis from Rystad Energy, the Permian Basin’s current 7.5
Excited to share a major milestone from one of the Permian Basin’s top operators— ConocoPhillips has brought its Zia Hills Central Facility 2 (CF2) online in the Delaware Basin. Mark Woodward , Reservoir Engineer: Enhanced economics justify initial investment.
From the Permian Basin to the Gulf Coast, companies are pushing the boundaries of efficiency, reliability, and environmental responsibility. At the very heart of this progress lies a critical, often overlooked process: fuel gas conditioning. Here in Texas, the global epicenter of energy, this transformation is palpable.
The project—Application #1958022—is notable not only for its design and scope, but also for its partnership structure and strategic positioning in one of Alberta’s most prolific naturalgas areas. t/d , reflecting a deliberate design to handle sour gas safely and efficiently. mol/kmol , with a sulphur emission limit of 0.99
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.
Based on recent announcements, rig activity, and executive commentary, here are the Top 5 Priorities Chevron is expected to focus on for the rest of 2025 : US Oil & Gas Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled… 1. naturalgas exports as critical to long-term energy security.
The Bass Strait project consists of conventional oil and gas fields in Gippsland basin off the south east coast of Victoria, Australia. Naturalgas production from the Bass Strait assets is 100% dedicated to the Australian domestic market and currently supplies about 40% of Australian east coast domestic gas demand.
onshore subsidiary of BP is doubling down on capital-efficient growth in the Permian and Eagle Ford basins while positioning itself to capture upside from strengthening gas markets in Haynesville. US Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled….
NaturalGas $3.56 +0.42% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS What Is The Biggest Oil Discovery of All Time? “Remarkably, the original well casings are still in place, showcasing the workmanship and quality of materials used by our engineers in the 1940s,” it went on to state.
Mach Natural Resources LP has announced two major acquisitions totaling $1.3 Through definitive agreements to acquire oil and gas assets from Sabinal Energy, LLC and IKAV Energy Inc. Mach is entering the Permian Basin and San Juan Basin , complementing its existing Mid-Continent operations.
Brent Crude $78.03 +1.73% NaturalGas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel.
The Permian Basin is the undisputed engine of American energy growth—and midstream operators like Targa Resources are racing to keep up. A recent Pipeline Addition (PA) approved by the Railroad Commission of Texas highlights just how aggressively Targa is scaling infrastructure to match soaring gas production.
Industrial separation is the most cost-effective capture technology and is widely used in ammonia and bioethanol production, as well as naturalgas processing. 25 âCaster Spain underground gas storage,â European Investment Bank and Complaints Mechanism, March 7, 2018. 2 Comparing â¬39/ton in a 0.6 Mtpa of CO 2 storage.
via iStock McDermott said it has been awarded a “sizeable” offshore transportation and installation contract by Brazilian oil and gas firm BRAVA Energia for the Papa-Terra field in the Campos Basin and the Atlanta field in Block BS-4 within the Santos Basin, both offshore Brazil.
Last year, an area appraisal confirmed a high-quality saline aquifer reservoir suitable for safe and permanent carbon storage in the Bonaparte Basin, approximately 155.3 The joint venture started preliminary front-end engineering design (FEED) work in April and plans to initiate CO2 injection around 2030, according to the statement.
Completions Engineer Contact Directory – $25 Purchase Now Includes: Contact, Account, Title, Email…… Despite broader uncertainty across the oilfield services sector, Liberty posted $1.0 billion in revenue , up 7% quarter-over-quarter, and Adjusted EBITDA of $181 million , reflecting an 8% sequential gain.
Its commercial Aurora power plant is engineered to produce 75 megawatts. As an Energy Developer, Solestiss accelerates access to baseload power while mitigating budget risks by leveraging nuclear and energy infrastructure expertise and naturalgas solutions to drive project success.
“We continue to benefit from a combination of iEPCI™ [integrated engineering, procurement, construction and installation], Subsea Services, and direct awards. million in adjusted net income for the second quarter, up 99.8 percent from the prior three-month period and 51.1 percent against Q2 2024. “We achieved $2.6
Though she originally pursued music at the University of Alabama, her career path shifted after visiting a drilling rig—an experience that sparked a passion for engineering and led her into the oilfield. The company holds over 1 million net acres in the Permian Basin , the most productive shale play in North America.
Phillips 66 has officially registered the Condor Compressor Station in Martin County, Texas, marking another strategic step in its buildout of naturalgas infrastructure tied to the Dos Picos midstream complex. Oil & Gas Operator Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
Image by AvigatorPhotographer via iStock NextDecade Corporation said its subsidiaries have finalized a pricing refresh of the company’s lump-sum, turnkey engineering, procurement and construction (EPC) contract with Bechtel Energy Inc. for 2 million metric tons per annum (mtpa) for offtake from Train 5.
Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. The report underscores a clear pivot: naturalgas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators.
“That added an additional barrier to a market that was already challenged by the lack of remaining attractive opportunities for public E&Ps, especially in the Perman Basin,” he added. upstream M&A decelerated in the second quarter of 2025, Enverus Intelligence Research outlined in a statement sent to Rigzone recently.
Oil & Gas Facility Engineer Contact Directory – $25 Buy Now Includes: Company, First Name, Last Name, Title, Location, email… 1. As oil drilling stalls, gas output may also drop , especially in the Permian. NaturalGas Outlook & Grid Risks EOG Resources expects gas prices to rise to $4.50/MMBtu
As of the end of the quarter, the company finalized the floating production unit (FPU) detailed engineering and procured all equipment and bulk materials. Gas not reinjected or used on the FPU is expected to be delivered to the domestic naturalgas pipeline network by a subsea gas pipeline. 6, 2023 ; Jan.
According to data collected by the US Department of the Interior’s Office of Natural Resources Revenue, onshore crude oil production from federal lands reached 1.7 Most of this growth was in New Mexico from crude oil produced from federal lands in the Permian Basin. Onshore production of naturalgas on federal lands grew from 3.2
The production bumps fed by booming output in the Permian Basin and elsewhere enabled the titans of the US energy sector to surpass Wall Street expectations even as oil prices slumped and the demand outlook darkened. Exxon’s worldwide oil and naturalgas output reached the equivalent of 4.63 and Chevron Corp.
The purchase price will consist of a fixed liquefaction charge and a gas supply component indexed to the Henry Hub benchmark. And in September 2024, it awarded an engineering, procurement and construction contract to a joint venture between KBR Inc. Planned to have an export capacity of 16.45 and Technip Energies NV.
Oil & Gas US Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. gigawatt naturalgas-fired power plant dedicated to a hyperscale data center. ExxonMobil: Going Big on Power with a 1.5
You cant live in todays modern society without the benefits of naturalgas development. Most notably, PITs cutting-edge microgrid , backed predominately by naturalgas, ensures seamless airport operations even in the face of grid failures that cripple other major transportation hubs while keeping energy costs and emissions low.
The partnership has agreed to create an Acquisition and Development Company ( ADC ) focused on delivering reliable, cost efficient, net-zero power from naturalgas and captured coal mine methane ( CMM ) to meet the soaring demand of data centers for reliable power. The partnership initiative, using U.S.-made
(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.
Recognizing this need, Chevron, in collaboration with GE Vernova and Engine No. 1, is making a strategic move to supply naturalgas-powered energy to AI data centers across the United States. Chevrons NaturalGas-Powered Solution Chevron, GE Vernova, and Engine No. Chevron, GE Vernova, and Engine No.
The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc. 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. Bcf/d in 2025.
Patterson-UTI Energy (NASDAQ: PTEN) kicked off 2025 with a steady operational performance, a strategic focus on naturalgas, and an unwavering commitment to drilling innovation. In Completion Services, the company expanded its Emerald line of 100% naturalgas-powered assets , contributing to 80% of its active fleet being gas-capable.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content