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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. (Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025.
In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of natural gas. In May, 62 new wells were connected in the basin, and 1,968 frac stages were completed in June—66% by YPF. million cu m/day, followed by YPF at 18.4
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.
Image by think4photop via iStock Dallas-based Producers Midstream II, LLC said it entered into definitive agreements to “significantly” expand its gathering, treating, and processing infrastructure in Lea County, New Mexico, with undisclosed Permian Basin operators.
That enables more efficient transport of crude oil, LNG and other commodities, including ship traffic by very large crude carriers. And it attracted three major pipelines from Permian Basin so that the Port of Corpus Christi became the largest energy exporter in the U.S. percent appeared first on Permian Basin Oil and Gas Magazine.
will identify an exploration target in Bedout sub-basin, offshore Western Australia, after completing the Bedout Mega Merge seismic reprocessing project. Alex Procyk July 25, 2025 2 min read Carnarvon Energy Ltd. · Carnarvon will identify an exploration target offshore WA after completing Bedout Mega Merge seismic reprocessing.
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.
When people think of the origins of the oil industry, their minds often go to Titusville, Pennsylvania, where Edwin Drake drilled the first successful oil well in the United States in 1859. While this site is historically significant, it is not the true birthplace of the oil well.
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. per share.
First, the acquisition is the latest in what by now is a long series of multibillion-dollar deals by midstream giants to expand their Permian-to-Gulf, “wellhead-to-water” networks that gather, process, transport and export crude oil, natural gas and/or NGLs. In today’s RBN blog, we discuss the deal and what it brings to MPLX.
Last year, the Permian Basin Petroleum Association created a set of recommended practices to combat oilfield crime, incorporating physical, cyber, and operational security measures. The headquarters will be positioned in the Permian Basin but will be responsible for investigations statewide.
Plano-based United Energy LNG and Power LNG last week announced an agreement to create a scalable small-scale LNG platform to serve industrial, power and transport markets across North America. The post United Energy creates small-scale LNG platform in Texas, Kansas appeared first on Permian Basin Oil and Gas Magazine.
1, 2025 3 min read Key Highlights Chevrons Permian basin production exceeded 1 MMboe/d. MMboe/d, driven by gains in the Gulf of Mexico and Permian basin. ’s production in the Permian basin topped 1 MMboe/d for the first time during the second quarter, hitting a target executives set for themselves more than 5 years ago.
Their subscription-based model offers recurring revenue and strong scalability across a broad spectrum of industries including energy, transportation, insurance, and finance. The full schedule for the conference, which runs August 17-20, can be found at www.enercomdenver.com. This year will also include a charity poker tournament.
This expansion reflects Oxy’s continued investment in integrated operations within the Permian Basin—supporting drilling and production with on-site capabilities that improve efficiency, reduce costs, and support long-term development in the region. Occidental Permian Ltd.
About the Blackcomb Pipeline The Blackcomb Pipeline is a privately held natural gas transmission system designed to deliver rich and dry gas from the Permian Basin and surrounding producing areas to key interconnects and markets across Texas and beyond. For updates on the project and operational milestones, visit [link].
The Bass Strait project consists of conventional oil and gas fields in Gippsland basin off the south east coast of Victoria, Australia. Bass Strait assets include the Gippsland Basin Joint Venture (GBJV) and the Kipper Unit Joint Venture (KUJV). Woodside and ExxonMobil Australia each hold 50% participating interest in the GBJV and 32.5%
Coterra Energy acquired 49,000 acres in a top-tier zone of the Delaware Basin. Infrastructure Leverage: Pipelines as a Profit Engine In the Permian Basin, infrastructure is a strategic advantage—not just a necessity. Diamondback Energy is leaning into first- and second-quartile wells for maximum capital efficiency.
This step marks OEG ‘s expansion of its cryogenic tank division into the region, a move intended to help meet demand for safe, efficient transport of liquefied gases across the United States and beyond. The post New Cryogenic Fleet Hits Houston appeared first on Permian Basin Oil and Gas Magazine. business development team.
spans more than 2,900 kilometers (1,802 miles), transporting up to 3.6 EVP of Liquids Pipelines Colin Gruending stated that the company had seen mixed signals from Permian producers but emphasized the basin’s strategic importance. The program aims to provide up to $10 billion in guarantees for such investments. midstream assets.
These permits—spanning both natural gas gathering and crude oil transportation systems—highlight Ironwood’s commitment to enabling safe, efficient midstream infrastructure in one of the most active oil and gas producing regions in the United States. 09903 Gas Private Concord Gas Gathering 10.81
Compositions, pressures, and flow rates can vary dramatically from one basin to another, or even from one well to the next. Adapting to Your Unique Gas Composition A rich gas stream from the Permian Basin, heavy with valuable NGLs, has a very different thermal profile than a leaner gas stream from another play.
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.
An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. 9 âEU Emissions Trading System (EU ETS), ETS2: Buildings, road transport and additional sectors,â European Commission, October 2023. 10 Based on the European Unionâs 2021 emissions.
Then the Texas Railroad Commission initiated a program to monitor seismic activity focused on the Permian Basin. Their investment in pipelines, storage lagoons, and treatment facilities drastically reduced the cost of treating and moving PW around the basin. However, it is becoming a problem in some onshore fields.
BW Energy has contracted the Deepsea Mira semi-submersible rig for the drilling of the Kharas appraisal well on the Kudu license (PPL003) offshore Namibia in the Orange basin, scheduled for second-half 2025. The agreement is part of a rig-sharing deal previously agreed by the rig’s operator, Northern Ocean Ltd.,
Top qualifications for unique job postings included valid driver’s license (1,613), CDL class a license (244) and transportation worker identification credential (TWIC) (137). Almost all of the production growth has come from the Permian Basin region. Oil production has jumped this year after hitting a record 13.2
A final investment decision (FID) on the Pelican Pipeline was taken in October 2024 after having sufficient firm transportation agreements with shippers were secured ( OGJ Online, Oct. The pipeline is designed to transport natural gas through about 170 miles of pipeline from Williams, La., bcfd from 1.75 bcfd, the company said.
This brings the 14-year total to more than $3 billion in funds generated by the industry dedicated to community, environmental and infrastructure needs across the Commonwealth. Since its creation in 2012 under Act 13, the impact fee has provided a consistent stream of funding to all 67 Pennsylvania counties – even regions without industry activity.
From the Permian Basin to the Gulf Coast, companies are pushing the boundaries of efficiency, reliability, and environmental responsibility. Here in Texas, the global epicenter of energy, this transformation is palpable. At the very heart of this progress lies a critical, often overlooked process: fuel gas conditioning.
Read more Texas creating task forces to target Permian Basin oil field thefts Summary : To combat oil field thefts in the Permian Basin, Texas enacted new laws costing nearly $5 million to create task forces under the DPS and the state’s Railroad Commission. Read more Iran has an oil card to play. So does the U.S.
Last year, an area appraisal confirmed a high-quality saline aquifer reservoir suitable for safe and permanent carbon storage in the Bonaparte Basin, approximately 155.3 Image by DINphotogallery via iStock Tokyo, Japan-based Inpex Corporation said it has acquired stakes in several oil and gas assets in the Norwegian Sea.
“The pipeline will provide expanded takeaway capacity for associated natural gas produced in the Williston Basin”, a joint statement said. is planned to transport up to 760,000 Dthd of gas. is planned to transport up to 760,000 Dthd of gas. The other, by WBI Energy of MDU Resources Group Inc., billion cubic feet.
The Universal Canister System (UCS), developed through a three-year ARPA-E-funded project, supports integrated management of spent fuel and high-level waste from advanced reactors across storage, transport, and disposal. The event, now in its 30th year, is the largest independent energy investment conference in the U.S.,
Block 15-1, an oil and gas block with one of the country’s largest reserves and one of the earliest to be developed, is located in the Cuu Long basin in the southern mainland of Vietnam and includes the Black Lion, Golden Lion, Brown Lion and White Lion oil and gas fields, according to the release.
There are currently 67 hubs producing or under development – with each hub representing a complex set of infrastructure needed to produce and transport oil and gas from UK waters to onshore terminals dotted around the British coast. The Prime Minister has stated energy security is national security.
It also completed trials on its PropX slurry pipe system , a first-of-its-kind solution for last-mile sand delivery using pipeline transport—aimed at reducing dust, emissions, truck traffic, and delivery variability. Liberty Energy Inc.
The Wink to Webster Pipeline , operated by ExxonMobil , is one of the most critical crude oil transportation systems in North America, linking the prolific Permian Basin to key Gulf Coast refining and export hubs. Spanning over 640 miles with a 1.5 Spanning over 640 miles with a 1.5 midstream infrastructure.
on Wednesday reported $615 million in adjusted net income attributable to common shares for the second quarter, up 13 percent from the same three-month period last year thanks to higher volumes of transported natural gas and refined oil products. Its products pipelines transported 1.02 Image by JHVEPhoto via iStock Kinder Morgan Inc.
Matador produced an average of 209,013 boe/d (including 122,875 b/d of oil) from its Delaware basin and northwestern Louisiana operations in the 3 months that ended June 30, which was 5% higher than in the first quarter.
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.
Exploration & Development TotalEnergies starts Angola projects July 28, 2022 TotalEnergies started production from Begonia on Block 17/06 and CLOV Phase 3 on Block 17 offshore Angola. Begonia is the first inter-block development in Angola 150 km off the Angolan coast.
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