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(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.
( 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.
Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. This major milestone supports the Companys efforts focused on delivering Responsibly Sourced Gas (RSG) and Responsibly Sourced Helium (RSH ). Publisher’s Note: New Era Helium will present at EnerCom DenverThe Energy Investment Conference on August 17-20, 2025.
Public Utility Commission of Texas approved a plan to build the first extra high voltage transmission lines in ERCOT to help meet the rapidly growing power needs in Permian Basin. The post Public Utility Commission approves first extra high voltage lines in Permian Basin appeared first on Permian Basin Oil and Gas Magazine.
Where the Pipe Runs: Counties & Context This new loop stretches across Loving, Pecos, Reeves, Ward, and Winkler Counties —the beating heart of West Texas’s oil and gas production corridor. These areas are cornerstones of the Delaware Basin, where associated gas volumes continue to surge alongside crude output. gas markets.
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. 8″ 9.62
The system comprises a blend of natural gas gathering and transmission assets: 116.027 total permitted miles 105.19 The system comprises a blend of natural gas gathering and transmission assets: 116.027 total permitted miles 105.19 The company is a key player in bridging upstream gas production with downstream markets.
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 transport gas to both domestic and international markets, including liquefied natural gas shipments, said Jason Feit, lead author of a new report from EIR.
New well permit activity in the Permian Basin is showing signs of a notable pullback in 2025. EOG Resources Pulling back slightly: ~25 fewer wells planned in 2025 ( –15 Delaware, –10 Eagle Ford ); suggests minor rig utilization drop. What’s Driving the Slowdown?
After Public Utility Commission of Texas approved a plan for electric reliability in west Texas, AEP Texas said April 24 it will build one of three 765-kV transmission lines. The Howard-Solstice transmission line is an integral part of the Permian Basin reliability plan.
(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.
(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. Offshore infrastructure projects are also advancing, including Enis Structures A&E Project, which channels gas from two fields to the Mellitah treatment plant.
Last year, Enbridge struck a deal to buy three natural gasutilities 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
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 first quarter of 2025 in the Dealaware Basin kicked off with a significant uptick in oil and gas drilling activity across North America. Contractor and Rig Utilization : Q1 2024 saw 189 unique rigs in operation. Oil & Gas Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
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.
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.
Vaquero Midstream is ramping up its capabilities in the Southern Delaware Basin with two major infrastructure projects: a new 70-mile, 24-inch high-pressure pipeline loop and a 200 MMcf/d cryogenic processing plant near the Waha Hub.
June 16, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted. Read more European gas prices rise with Middle East conflict intensifying Summary : European gas prices rose 2.4%
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.
(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. 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.
As consolidators move to acquire acreage in core shale basins, smaller operators are looking for opportunities in underappreciated basins and fringe areas in core basins. Forecasting the Northwest Shelf of the Delaware Basin One of these new areas of interest is the Northwest Shelf of the Delaware Basin.
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.
CNRLs drill-to-fill strategy refers to its approach of drilling new wells primarily to maintain or maximize facility and infrastructure utilization , rather than for aggressive production growth. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
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. trillion cubic feet.
Most Active Rigs H&P 329, H&P 519, and H&P 313 lead in total wells drilled, showing high utilization of these rigs. Permian Basin Dominance The majority of drilling is concentrated in the Permian Basin , reinforcing its position as the most active oil and gas play in the U.S.
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.
(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. Prairie Operating Co.
We analyzed drilling data across multiple basins, with a focus on rig utilization and regional hot spots. Combined with broader drilling trendssuch as strong Patterson rig utilization and shifting county-level activitythis points to an industry recalibrating for capital discipline while still growing efficiently where it counts.
Operational and Strategic Updates Liberty is leaning on its technology leadership and integrated model to weather current headwinds: The company successfully tested the industrys first natural gas variable speed pump , a major advancement under its digiPrime initiative. The company expects steady U.S.
This supports STEPs growth strategy in gas- and liquids-rich basins like the Montney and Duvernay , where long-term contracts, LNG-driven momentum, and record sand volumes are driving strong returns. Oil & Gas Company Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
(World Oil) – GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. in partnership with Oxy a project that grew from 0 to ca.
(World Oil) – BKV Corporation has formed a strategic joint venture with Copenhagen Infrastructure Partners (CIP), on behalf of its Energy Transition Fund I, to expand BKVs portfolio of carbon capture, utilization and sequestration (CCUS) projects.
oil and gas sector has defied the odds for over a decadeunlocking shale, scaling production, and securing global energy influence. We already have a hard time staying ahead with generation in places like Texas and New Mexico, Hollub said, referring to the Permian Basin. Oil Production appeared first on Oil Gas Leads.
(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.
You are probably aware that the water problem in the Permian Basin is direit is the desert, after all. Disposal of produced water in the past was largely a matter of just pumping it back down underground, as is seen in the proliferation of SWDs (Salt Water Disposals) that dot the landscape in the Permian Basin. Not even on eBay.
As AI-driven data centers rapidly proliferate, the oil and gas industry is seizing a new opportunitynot just as energy suppliers, but as key enablers of power-hungry digital infrastructure. The Permian Basin may soon become ground zero for the convergence of hydrocarbons and high-performance computing.
Below is a deep dive into the company’s drilling activity, capex decisions, rig utilization, and state-by-state footprint for the quarter. Two Marcellus rigs were added in April, focused on natural gas. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
At Pro-Gas LLC, we are at the forefront of the dynamic DFW NGL technology sector, constantly evolving to meet the growing demands of the energy industry. The escalating global and local need for these versatile resources necessitates continuous advancements in our methods for natural gas liquid separation.
TG Natural Resources , BPX , and Sabine Oil & Gas all increased activity year-over-year. Rig Contractor Trends : The number of unique contractor and rig combinations fell from 49 in Q1 2024 to 39 in Q1 2025 , indicating a trend toward consolidation of rig services or more efficient rig utilization.
This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. Pipeline Transportation Crude oil, natural gas, and NGLs move from production sites to storage and processing facilities. Why the Permian?
Wenchang 19-1 Oilfield Phase II Project is located in the western part of the Pearl River Mouth Basin, with an average water depth of approximately 125 meters. The design concept of intelligent oil and gas fields were used in the two new projects. It has 13 development wells are planned to be put into production.
The Significance of Air Permit Transfers Air permits are a critical regulatory requirement for oil and gas operations, ensuring that companies adhere to state and federal environmental standards. These sites include tank batteries and production facilities previously operated by SM Energy.
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