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(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. ” Closing Bell Story Exploration & Production (E&P) Featured Natural Gas United States methane emissions Permian Basin To put the numbers into perspective, the 28.8
Off-Market Transaction Adds Existing Production, Tier-One Inventory, and Immediate Development Opportunities Houston, TX, July 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. This strategic and highly accretive bolt-on acquisition enhances our existing footprint in the DJ Basin,” said Edward Kovalik, Chairman and CEO.
Let’s explore where natural gas is found, both on a global scale and right here in the U.S. The top three countries with the largest proven natural gas reserves are: Russia – With vast underground basins in Siberia, Russia holds nearly 20% of the world’s known reserves. But where does it actually come from?
As major North American unconventional plays approach maturity, the industry faces a critical challenge in sustaining production levels and reserve replacement. This blog post is based on the technical paper “Can Transfer Learning Be Used to Forecast Production in Frontier Basins? Download the full paper here.
based on gross operated production, well count and rig movements across last year. Private capital is shifting to legacy basins, testing new zones, and leaning into gas plays that were once overlooked,” said Shawn Stuart, principal analyst at Enverus. These include benchmark cost and revenue data sourced from more than 95% of U.S.
The presenting company lineup as of July 14, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration APA Corp. cacgroup.com bpx energy bpx energy, bp’s US onshore business, operates in the Permian, Eagle Ford, and Haynesville basins.
million in 2024, the Pennsylvania Public Utility Commission (PUC) announced today. In addition to strengthening Pennsylvania’s economy, natural gas production continues to translate into real-world cost savings for consumers. Nearly $3 billion generated for Pa.
uranium mining and production. The Mill also handles vanadium and is exploring medical isotope extraction for cancer treatment. sourced monazite and developing three global heavy mineral sand mines to produce up to 60,000 tonnes of rare earth feedstock as a by-product of titanium and zircon mining.
Including GVA from the manufacture of chemicals and chemical products, the manufacture of basic metals, and the estimated GVA in the cement and lime industry within the other nonmetallic mineral products sector in 2022 for Portugal and Spain. For example, the cement industry relies on the calcination process for cement production.
oil-and-gas exploration stocks amid the recent tensions. To expand US critical mineral supplies, Chevron will leverage its drilling expertise and utilize advanced direct lithium extraction (DLE) technologies for future production. resilience stems from shifting from importing 14 barrels per capita in 1977 to net exporting 2.5
Image by Andrii Tokarchuk via iStock EnQuest PLC said it has completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125 percent equity interest in the Chim Sáo and Dua production fields (Block 12W). miles (400 kilometers) southwest of Vung Tau, Vietnam. The headline value of the transaction is $85.1
Their work involves a combination of exploration, development, and operational support, utilizing advanced geophysical and geological techniques. Purchase Geologists Contact Directory – $25 Buy List Now Key Responsibilities: Conduct geological assessments for exploration, development, and production projects.
(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.
(World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. Utilizing its highly effective ground game, the company plans to leverage this acreage to trade for incremental interests in existing operated units or establish new operating units.
(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.
For example, NEHs current daily production of approximately 4,000 Mcfpd, combined with a 25% loss, results in approximately 30,000 Mcf of monthly vented methane (Ch4) equivalent to the CO emissions produced by approximately 37,905 passenger vehicles per year. Register to attend. Oil & Gas 360) –MIDLAND, TexasApril 29, 2025.
(World Oil) – Utilizing scientific and engineering analysis, the Railroad Commission of Texas has issued new guidelines that further strengthen permitting of disposal wells in the Permian basin. Produced water is a byproduct of oil and gas production and is injected into SWDs.
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. Initial production is anticipated in early August. About Prairie Operating Co. Prairie Operating Co.
(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co.
recently said its ProPwr division secured its first contract to commit 80 megawatts of power generation for an exploration and production operator in Permian Basin. ProPwr will deliver turnkey power to a distributed microgrid installation utilizing in-field gas where utility power is unavailable to support production operations.
One of the most innovative approaches Coterra is utilizing is its ‘row developments’ strategy , particularly in the Permian Basin. Coterra’s operations in the Permian Basin leverage their highly contiguous acreage position to implement sizable and highly efficient projects known as row developments.
This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets, said Ezra Y. Pro forma production totals 275,000 barrels of oil equivalent per day creating a leading producer in the Utica shale play.
AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. AI-Driven Exploration: Unlocking New Potential Oil and gas exploration has always been a high-stakes endeavor, requiring extensive research, testing, and investment.
oil and gas sector has defied the odds for over a decadeunlocking shale, scaling production, and securing global energy influence. If we can increase production by just 20%, it would be the equivalent of Saudi Arabias current volume, she told the audience. But that growth engine may be running out of steam.
Bayon was CEO of Ecopetrol , one of the most important energy groups in Latin America, where he led 18,000 employees, oversaw production of approximately 700,000 boed and revenues of over $30 billion, and delivered record financial, operational, and safety results. in partnership with Oxy a project that grew from 0 to ca. and the U.K.,
playing a crucial role in oil and gas development across key basins. Below, we break down the latest data, highlighting top trends in drilling activity by province, operator, county, and rig utilization. A diverse set of operators utilizing Cactus Drilling, ranging from major industry players to smaller independents.
You are probably aware that the water problem in the Permian Basin is direit is the desert, after all. This leads to a bifurcated situation: what is the sustainability of current methodologies for disposal, and what are the infrastructures and processes in place to take a product once regarded as waste and turn it into an asset?
” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.
Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and natural gas production from the Ballymore subsea tieback project, located in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders.
The Permian Basin may soon become ground zero for the convergence of hydrocarbons and high-performance computing. ” Rather than become traditional utilities, Exxon is leveraging its carbon capture, transportation, and storage systems to offer tailored, decarbonized natural gas solutions.
Natural Gas Liquids (NGLs), including ethane, propane, butanes, and natural gasoline, are vital to numerous aspects of modern life, serving as essential fuels and feedstocks for a vast array of products, from plastics to clean-burning energy sources. This enhanced NGL recovery directly benefits operations in liquids-rich DFW basins.
Pennsylvania is considering leaving the PJM regional grid to expedite projects, while states like Indiana, Michigan, and Louisiana explore nuclear energy, and Missouri and Kansas compete to attract investments in natural gas plants. dry gas production rose 2.1% Read more U.S. Read more U.S. per barrel (up 1.22%) and Brent at $70.41
As the transition period unfolds, industry leaders are preparing for a pro-energy administration that prioritizes domestic production, balanced regulation, and strategic infrastructure investments. crude oil production became number one in the world , surpassing Saudi Arabia and Russia. In 2018, U.S. In 2018, U.S.
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