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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.
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(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.
The inventory of proposed gas power plants in Texas as reported Wednesday by Environmental Integrity Project includes multiple plants in Permian Basin. During Texas legislative sessions of 2023 and 2025, lawmakers provided a total of $10 billion in public financing of low-cost loans for new gas plants, according to The Texas Tribune.
Pantheon says oil remains the key value driver, while associated gas could support financing through Alaska LNG Phase 1. In addition to the primary Ahpun Topset target, Dubhe-1 will test three additional zones and may undergo a lateral completion and long-term flow test to confirm oil deliverability and gas quality.
This landmark transaction marks the largest single acquisition in the companys 45-year history and significantly expands its total Permian Basin holdings. led the financing syndicate, with TCBI Securities, Inc., oil and gas properties. Advisors Citibank, N.A. Sidley Austin LLP served as legal counsel to USEDC on its credit facility.
NextDecade said it anticipates that owner’s costs, contingencies, financing fees and interest during construction will total approximately $1.8 For Train 5, NextDecade said it projects that owner’s costs, contingencies, financing fees and interest during construction will total about $1.8 billion to $2.0 billion to $2.0
The senior leadership has a multi-decade legacy of delivering specialized advice on mergers and acquisitions, asset transactions and valuations, and financings to the boards and managements of public, private, and sovereign entities.
The senior leadership has a multi-decade legacy of delivering specialized advice on mergers and acquisitions, asset transactions and valuations, and financings to the boards and managements of public, private, and sovereign entities.
Post-acquisition, EOG becomes one of the largest producers in the Utica, with pro forma daily production of 275,000 Boe. “This acquisition creates a third foundational play for EOG alongside the Delaware Basin and Eagle Ford, enhancing the quality, scale, and resilience of our multi-basin portfolio,” said Ezra Y.
It is true that the Permian Basin is, and continues to be, an area with lower educational levels than most of Texas. The Permian Basin has multiple technical training options available through Howard College, Midland College, Odessa College, UTPB, and other organizations, such as the Permian Basin Workforce Board and Skillpoint Alliance.
basins; A US$100 million commitment from a major U.S. basins; A US$100 million commitment from a major U.S.-based based oil sector investor (the ‘Investor’) to accelerate growth through the drilling activity in Zephyr’s Williston Basin non-operated asset portfolio.
Besides its scale, Viper is differentiated by the quality of its asset base with a concentration in the Permian Basin, by a significant margin the largest and most economic U.S. The company was previously focused on the Midland Basin and particularly on interests operated by Diamondback. shale play.
The senior leadership has a multi-decade legacy of delivering specialized advice on mergers and acquisitions, asset transactions and valuations, and financings to the boards and managements of public, private, and sovereign entities.
It also unlocks $150 million in expected first-year synergies through operational and financing efficiencies. This deal now gives EOG three foundational plays: Delaware Basin, Eagle Ford, and Utica. It reflects the companys focus on high-return, multi-basin growth while maintaining one of the strongest balance sheets in the industry.
Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. The Permian Basin remains the top destination for U.S. What are the key companies doing to stay competitive? MMBbl/d.
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 senior leadership has a multi-decade legacy of delivering specialized advice on mergers and acquisitions, asset transactions and valuations, and financings to the boards and managements of public, private, and sovereign entities.
New Mexicos legislative finance committee said aggregate tax receipts from oil and gas totaled about $11.3 The post Most oil production in New Mexico comes from wells on federal lands appeared first on Permian Basin Oil and Gas Magazine. billion for 12 months that ended June 30, 2024 $10.5 billion for the state and $0.8
The collaborationamongthe three companies would leverage in-basin natural gas production, advanced energy generation via fuel cell technology, and infrastructure financing to create a highly efficient, scalable, and sustainable energy solution tailored for the rapid expansion of data center power capacity requirements.
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. LLC is serving as EOGs exclusive financial advisor, and its affiliate, Goldman Sachs Bank USA, is the sole provider of fully committed financing.
Targeting this area provided for a significantly less expensive acquisition cost for undeveloped locations than what could be found in the Permian while also getting a much less developed asset than what would be available at scale in areas like the Eagle Ford and Williston Basin.
Essentially, they’re burdened by the high cost of owning a home, making it difficult to manage their finances. Email: micheleharmon1@gmail.com. The post Financial Maturity or Lack of appeared first on Permian Basin Oil and Gas Magazine.
In particular, the company is placing renewed emphasis on the Grand Mesa Pipeline , its flagship crude oil system serving producers in Colorados Denver-Julesburg Basin (DJ Basin). The pipeline offers shippers access to both Midcontinent and Gulf Coast refining and trading hubs. refining network. and Canadian markets.
Rodgers joined APA in 2018 and previously served as SVP, Finance and Treasurer. The post Permian People June 2026 appeared first on Permian Basin Oil and Gas Magazine. He will oversee all financial activities and departments, including accounting, audit, investor relations, planning, tax and treasury.
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
He builds fantastic relationships with customers, and his well-rounded background in both finance and operations allows him to relate well with employees at all levels of our company. The post A Believer in This Business appeared first on Permian Basin Oil and Gas Magazine.
House Bill 137 , tracked by the Permian Basin Petroleum Association (PBPA) as detailed below, establishes the Strategic Water Supply Program. Nathan Small, chair of House Appropriations & Finance, and Rep. Meredith Dixon, vice chair of House Appropriations & Finance. George Muoz, Senate Finance Chairman) H.B.
JULY Energy Transfer Completed its Acquisition of WTG Midstream Holdings Energy Transfers completion of its acquisition of WTG Midstream added approximately 6,000 miles of gas-gathering pipelines that extend Energy Transfers network in the Midland Basin. Bcf/d, and two additional processing plants that are under construction.
The primary storage regions are in the Lusitanian Basin, encompassing the Aveiro and Coimbra clusters, which together emit approximately 7 Mtpa CO 2. 55 Rafeal Servant, âEU finances Repsolâs CO2 storage facility off the coast of Tarragona,â Diari de Tarragona, October 23, 2024. Mtpa of CO 2 storage.
360 billion - much of it in existing properties and basins of super-majors and National Oil Companies. So far, all prospects have fallen short on legal title, price expectations, or financing terms. Financing There are contrarian investors keen to fund the right project. There has been little frontier exploration since 2015.
These costs range from about $26/barrel in the Eagle Ford area of South Texas, through about $33 to $35/barrel for the Permian Basin, and up to $42 to $45/barrel in other basins including non-shale production. Figures commonly quoted are the average company response. The Fed surveys also ask the price necessary to drill new wells.
My doctoral dissertation was in school finance and continues to be a passion. Email: micheleharmon1@gmail.com The post Change Happensand in 2025 it Happens Fast appeared first on Permian Basin Oil and Gas Magazine. The grass is not going to be greener in the private sector because expectations are very different.
In this favorable environment, private companies in multiple basins realized significant returns for their investors by exiting their commitments. The buyers, mostly public companies, finance these acquisitions with cash on hand, stocks, and occasionally bank and public debt. appeared first on Permian Basin Oil and Gas Magazine.
million barrels a day, more than Saudi Arabia and Iran combined, and companies in its shale basins have a unique ability to ramp up output quickly — within about 6 to 9 months — with the right oil-price incentive. West Texas Intermediate declined 4% at 12:47 p.m. in New York to $71.92 a barrel, after an earlier rally faded. produces about 13.4
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