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Brent Crude $78.03 +1.73% Natural Gas $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.
percent interest in Delaware G&P, Delaware Basin joint venture, from NGP XI Midstream Holdings for $940 million ($530 million cash). Delaware Basin JV owns natural gas gathering and processing facilities in Delaware Basin in west Texas and southeast New Mexico with total processing capacity of more than 700 million cubic feet per day.
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(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
The Morongo Basin Transit Authority (MBTA), on behalf of the California Association for Coordinated Transportation (CALACT) consortium members, has selected Vicinity Motor buses in a statewide purchasing contract. ‘s portfolio through its distribution partner, ABC Companies.
( Oil & Gas 360) –THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. 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.
Houston-based Archrock, energy infrastructure company with focus on midstream natural gas compression, said last week it is acquiring Natural Gas Compression Systems in a cash-and-stock transaction valued at $357 million ($298 million cash). million horsepower. million horsepower.
(Oil & Gas 360) –Gillette, WY Cowboy Clean Fuels (CCF), a Wyoming-based climate tech and energy transition company, today announced a groundbreaking offtake agreement with Mercuria, one of the worlds leading independent energy and commodity trading groups.
The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. This will result in substantial demand growth for in-basin condensate volumes because of increased need for diluent.
Natural gas producers in the Permian Basin should once again brace for lower prices at Waha as production looks to outpace the pipeline capacity needed to transportgas to both domestic and international markets, including liquefied natural gas shipments, said Jason Feit, lead author of a new report from EIR.
Energy Information Administration said last week the number of rigs deployed to drill for natural gas declined over the last two years. natural gas-directed rigs decreased 32 percent between December 2022 and December 2024. benchmark Henry Hub natural gas price reached a 14-year high of $6.95 After the U.S.
Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport natural gas from multiple points in the Permian Basin to the Rockies Express pipeline and other points of delivery. Target in-service date is late 2028. Pipeline capacity is designed for up to 2.4
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.
Several large, publicly held midstream companies play critical roles in transporting crude oil, natural gas and NGLs from the Permian Basin to markets along the Gulf Coast, and all of them are investing hundreds of millions or even billions of dollars to expand their Permian-to-Gulf infrastructure.
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.
You cant live in todays modern society without the benefits of natural gas development. Its also enhancing the broader Neighborhood 91 Area the Allegheny County Airport Authority (ACAA)s manufacturing campus by readying the site as a hub for alternative transportation fuels, including Sustainable Aviation Fuel and Compressed Natural Gas.
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. Natural gas prices also saw strong growth, with Henry Hub natural gas averaging $14.17
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. Gas-Weighted Play: Strong economics tied to growing LNG demand and export potential.
AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.
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.
The partnership has agreed to create an Acquisition and Development Company ( ADC ) focused on delivering reliable, cost efficient, net-zero power from natural gas and captured coal mine methane ( CMM ) to meet the soaring demand of data centers for reliable power. and DANBURY, Conn.
Last year, Enbridge struck a deal to buy three natural gas utilities in the United States from Dominion Energy for a total consideration of $14 billion. The expansion of Enbridges gas business also paid off in the first quarter of the year. In the natural gas transmission business, Enbridge sanctioned the 1.75
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.
Insights on WCSB Oil Production Pipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets.
Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. New Processing Plants: Increasing Permian Throughput Beyond pipeline capacity, Phillips 66 is also investing in new gas processing and fractionation facilities to handle increasing Permian production. energy production.
On May 1, 2025 , the Railroad Commission of Texas (RRC) issued a significant new permit to WWM Operating, LLC , authorizing operations for the Traverse Pipeline a major gas transmission project set to enhance energy transport capacity across multiple South Texas counties.
The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Beginning operations in early October, the pipeline can transport up to 2.5 Bcf/d of natural gas.
natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy. million and 2.5
Texas also produced record volumes of natural gas in 2024 with 12.62 That tops the previous records for natural gas production of 12.30 Tax revenue from oil and gas production is funneled into major parts of the state budget, including public education, the rainy day fund and transportation. billion barrels in 2023, 1.87
s Westcoast natural gas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The deal marks Enbridge’s fourth equity partnership with Indigenous groups, and its first involving a natural gas pipeline.
As data centers and power plants are grappling with rising electricity demand fueled by AI technologies, natural gas is emerging as the primary energy source of this digital revolution. The natural gas supply is expected to generate approximately 1.2 Why Natural Gas? gigawatts of direct power to the AI-focused data center.
Urban Oil & Gas Group, LLC, a Plano, Texas-based energy investment firm, has recently updated a pipeline operation permit from the Railroad Commission of Texas. miles of natural gas gathering pipelines across Jim Wells, Kleberg, and Nueces counties. In that month, it produced 11,802 barrels of oil and 139,548 MCF of gas.
6 sent a letter to Congress urging lawmakers to quickly advance energy permitting legislation to expedite natural gas pipeline capacity. There is zero availability of firm natural gas pipeline transportation that is needed to expand existing facilities or invest in new ones. million employees. million employees.
The company will gain exposure to both the liquids-rich and dry gas windows, with firm transportation to premium marketsenhancing revenue predictability and price realizations. This deal now gives EOG three foundational plays: Delaware Basin, Eagle Ford, and Utica. Encino Acquisition appeared first on Oil Gas Leads.
midstream operators are increasingly adopting vertical integration to control the entire value chainfrom gathering and processing to transportation and export. Permian Basin: The Backbone of U.S. Production The Permian Basin remains the most productive oil and natural gas field in the U.S.
The three officials Garrett Golding, Diego Morales-Burnett and Kunal Patel said March 24 production in the Permian Basin in New Mexico and Texas continued to grow in 2024 to exceed 6 million b/d. The post New Mexico becoming energy powerhouse, surpasses 2 million b/d in 2024 appeared first on Permian Basin Oil and Gas Magazine.
Natural gas produced in Pennsylvania, Ohio and West Virginia has some of the lowest associated air emissions and water usage, according to a new peer-reviewed study from the U.S. greenhouse gas emissions. greenhouse gas emissions. natural gas production continues to improve. natural gas production continues to improve.
(Oil & Gas 360) – Publisher’s Note: EOG Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. HOUSTON, May 30, 2025 /PRNewswire/ EOG Resources, Inc. ( billion, inclusive of EAPs net debt. About EOG Resources EOG Resources, Inc.
oil and gas industry is experiencing one of its most transformative periods. Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gasbasins , the leading companies , and market trends using the latest data and forecasts. Natural Gas Production: 25.8
BANGL transports up to 250,000 barrels per day of natural gas liquids from Permian Basin in west Texas to fractionation markets on the Gulf Coast. The post MPLX to acquire remaining interests in BANGL pipeline from Permian to Gulf appeared first on Permian Basin Oil and Gas Magazine. Closing is expected in July.
Diversified announced its purchase in January for $1.275 billion (including debt) of Maverick with core assets in Permian Basin, western Anadarko and Ark-La-Tex. Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing and well retirement.
The Matterhorn Express Pipeline, due to begin service in September, will significantly increase natural gas pipeline capacity in the Permian Basin, according to a new analysis from the U.S. Energy Information Administration.
Pipeline Connectivity : The terminal is connected to the Eagle Ford JV Pipeline, facilitating efficient transportation of crude oil to downstream markets. By offering enhanced gathering and storage services, the terminal helps producers optimize logistics, reduce transportation costs, and improve market access.
Total fee-based natural gas processing volumes increased 12 percent or 760 million cfd to a record 7.2 Pipeline transportation volumes rose 6 percent to 13.2 Teague said Enterprise has growth projects valued at $6 million scheduled for completion in 2025, including two natural gas processing plants in the Permian Basin in 3Q.
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