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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.
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.
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.
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.
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.
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….
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.
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.
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.
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.
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.
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.
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.
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
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.
The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. Naturalgas prices also saw strong growth, with Henry Hub naturalgas averaging $14.17
The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year.
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. Delaware Basin Overview The Delaware Basin continues to be the cornerstone of Devons oil and gas portfolio.
The Permian Basin is seeing output contraction and rig pullback despite being the top U.S. On the gas side , a projected 95% increase in spot prices in 2025 (per EIA) is expected to stimulate a rebound in drilling after a downturn in 2024. million bpd ( from 6.57 million bpd ( from 6.57 oil-producing region.
As the go-to energy conference, EnerCom Denver provides industry professionals with a venue to learn about important topics affecting the ever-expanding global energy industry, including geothermal, lithium, nuclear fusion and fission, wind, solar, helium, renewable naturalgas, carbon capture and emissions control.
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.
While Oklahoma, New Mexico, and several other key states held steady in drilling activity, the national rig count dipped againdriven largely by a sharp decline in naturalgas rigs. The Permian Basin, in particular, saw a notable drop, reaching its lowest rig total since February 2022.
crude and naturalgas production over the next two years, driven by strong LNG demand and increasing power consumption from data centers. NaturalGas Outlook: The EIA forecasts a 73% increase in gas prices in 2025 , which could incentivize more drilling after a 14% price drop in 2024.
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