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Texas Oil and Gas Association reported Monday record amounts of naturalgas production in the state this year. TXOGA said naturalgas withdrawals rose to 36.9 billion cfd of dry naturalgas – supplying 11.8 marketed naturalgas production. billion cfd. million b/d. billion cfd.
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 naturalgas 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.
percent interest in Matterhorn Express, 510-mile naturalgas pipeline that ships Permian Basingas from Waha hub to Wharton and Katy. There also are two laterals in Midland Basin of 85 and 50 miles. Oklahoma City-based Devon Energy and Ridgemont Equity Partners last week divested their 12.5
Underground working naturalgas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. EIA calculates naturalgas storage capacity in two ways: demonstrated peak capacity and working gas design capacity. The post EIA: Gas storage capacity increased in 2024 in U.S.,
Energy Information Administration said last week the number of rigs deployed to drill for naturalgas declined over the last two years. naturalgas-directed rigs decreased 32 percent between December 2022 and December 2024. benchmark Henry Hub naturalgas price reached a 14-year high of $6.95 After the U.S.
Houston-based Archrock, energy infrastructure company with focus on midstream naturalgas compression, said last week it is acquiring NaturalGas Compression Systems in a cash-and-stock transaction valued at $357 million ($298 million cash). million horsepower. million horsepower.
It will utilize existing infrastructure to provide a new pathway from the Waha residue markets in Permian to Mid Continent residue markets in Anadarko Basin. Palo Duro will be a 275-mile, high-pressure naturalgas pipeline connecting downstream pipelines while providing takeaway from the Permian Basin.
marketed naturalgas production remained relatively flat in 2024, according to U.S. Production averaged 113 Bcfd, according to EIAs latest NaturalGas Monthly. Production growth in Permian Basin was offset by declining production in Haynesville and flat production in Appalachia. naturalgas output.
Gross naturalgas production in lower 48 states increased to a record 120.31 Texas gas production grew by 1.2 Texas gas production grew by 1.2 million b/d appeared first on Permian Basin Oil and GasMagazine. EIA said in Texas, the nation’s top producing state, oil production increased by 1.8
The post North Dakota’s Largest Coal Plant Could Power Data Centers, Industrial Complex appeared first on POWER Magazine. County commissioners in North Dakota have signed off on a rezoning request from a local energy provider, a move that means a large coal-fired power plant could be used to supply electricity to a new industrial park.
Geological Survey that shows significant increases in undiscovered crude oil and naturalgas under federally managed U.S. The report shows federal lands in Permian Basin with 8.936 billion barrels of oil and 58,468.4 billion cubic feet of gas. billion cubic feet of gas in New Mexico and 915.5 public lands.
It will be Northwind’s third AGI well to increase the company’s total permitted daily injection capacity to about 37 million standard cfd of total acid gas when completed in 2026. The injection zone of the new well will target the Devonian formation of the northern Delaware Basin.
Energy Information Administration said last week naturalgas pipeline capacity increased by 17.8 In its latest naturalgas pipeline projects tracker, EIA said major projects in Permian, Eagle Ford in south Texas, Appalachia and Haynesville included Matterhorn Express pipeline operated by Whitewater Midstream that can deliver up to 2.5
Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport naturalgas 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
Houston-based Coterra Energy said last week it is reducing plans for oil-directed rigs in Permian Basin in second half of 2025 while boosting spending for gas assets in Marcellus. The company is raising boed and naturalgas production forecasts and lowering capital budget range to $2.0 billion at midpoint. billion to $2.3
Texas also produced record volumes of naturalgas in 2024 with 12.62 That tops the previous records for naturalgas 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.
Houston-based Northwind Midstream Partners said last week it has constructed and placed into service 150 million cfd of high-circulation amine capacity, two acid-gas disposal and carbon sequestration wells, more than 200 miles of large-diameter pipelines, and 41,750 horsepower of compression at five compressor stations.
Estimated net proved reserves at yearend 2024 were 673 million barrels of oil equivalent, including 51 percent in south Texas, 34 percent in Midland Basin and 15 percent in Uinta Basin. Reserves were comprised of 44 percent oil, 38 percent naturalgas and 18 percent NGLs.
Plano-based Mentor Capital said last week it purchased 25.127 net royalty acres in a 71-well producing project in Permian Basin. percent of oil and gas revenues for its acreage. The average production for Mentors portion of the project is 10 barrels of oil per day plus 24,000 cubic feet per day of naturalgas.
Houston-based EOG Resources said recently its 2025 capital program includes steady year-over-year activity levels in Delaware Basin with increased activity in Utica and Dorado plans. The post EOG 2025 plans steady in Delaware Basin, more activity in Utica, Dorado appeared first on Permian Basin Oil and GasMagazine.
Dallas-based Vaquero Midstream, naturalgas gathering and processing midstream company operating in the Delaware Basin, said last week it will expand its existing gathering system in west Texas. At the cryogenic processing plant, expansion will increase processing capacity to 600 MMcfd.
million in Q1 2025 gains—especially by locking in higher naturalgas prices than the market. Viper’s reliance on Diamondback, which operates over 70 percent of its Midland Basin royalty acres, introduces concentration risk and could limit flexibility if Diamondback’s priorities shift. Weak naturalgas prices ($2.08/Mcf
Total fee-based naturalgas processing volumes increased 12 percent or 760 million cfd to a record 7.2 Teague said Enterprise has growth projects valued at $6 million scheduled for completion in 2025, including two naturalgas processing plants in the Permian Basin in 3Q. million boed, including 7.9
Permian Resources said 65 percent of 2025 operating activity will be focused in New Mexico and 30 percent in Texas in Delaware Basin and the remaining activity in Midland Basin. The company also announced the divestiture of its Barilla Draw naturalgas and oil gathering systems for $180 million.
BANGL transports up to 250,000 barrels per day of naturalgas 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 GasMagazine.
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 naturalgas and liquids production, transport, marketing and well retirement.
Dallas-based Matador Resources and affiliate San Mateo Midstream last week announced startup of an expansion of San Mateos Marlan cryogenic naturalgas processing plant in Delaware Basin. The expansion adds 200 million cfd of naturalgas capacity to the plant in Eddy County, N.M.,
Houston-based Evolution Petroleum said last week it agreed to acquire non-operated oil and naturalgas assets in New Mexico and Louisiana for $9 million. The acquisition extends Evolutions asset portfolio with about 440 boed of net production (60 percent oil, 40 percent naturalgas). Closing is expected in 3Q.
Phillips 66 said April 25 that the location of the new plant will allow for gathering and processing of feedstock from the Delaware and Midland basins. Phillips 66 said it is on schedule to commission a second naturalgas processing plant at the Dos Picos gas gathering system and processing complex in Midland County.
The Woodlands-based TETRA Technologies recently announced a pilot project with EOG Resources to use TETRAs Oasis total desalination solution (TDS) to process produced water in Permian Basin. The post TETRA, EOG to use Oasis TDS to process produced water in west Texas appeared first on Permian Basin Oil and GasMagazine.
NaturalGas Optimism Grows Amid Oil Market Caution : OPEC+ production cuts and muted demand forecasts keep oil prices subdued, while naturalgas prices are projected to rise to $2.90/MMBtu, Related: O&G Outlook for 2025 The post Energy Trends for 2025 appeared first on Permian Basin Oil and GasMagazine.
6 sent a letter to Congress urging lawmakers to quickly advance energy permitting legislation to expedite naturalgas pipeline capacity. There is zero availability of firm naturalgas pipeline transportation that is needed to expand existing facilities or invest in new ones. million employees. million employees.
In first quarter oil production of 502,100 b/d was above midpoint of guidance and up from 2024Q4, and naturalgas production was above midpoint of guidance and down from 2024Q4. EOG will develop 15 fewer wells in Delaware Basin. Capex is forecast at $6 billion low end of previous guidance of $6.0 billion to $6.4
Last month producers paid $288 million to the state in naturalgas production taxes up from February and 36 percent higher than a year ago. The post TIPRO reports decline in Texas upstream employment for March appeared first on Permian Basin Oil and GasMagazine.
New Mexico Water Quality Control Commission voted Tuesday to prohibit the discharge of produced water from oil and gas operations into the states waterways and groundwater, according to a report in the Santa Fe New Mexican. Commissioners adopted a ban on discharging produced water treated or not outside an oilfield.
is because technological breakthroughs have resulted in increased domestic naturalgas production to generate our nations electricity, largely replacing coal-fired generation. According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gasbasins in the U.S.
by Brian Meyer, PSB Industries With the gas processing industry poised for significant changes in the coming years, adopting new technologies is essential to ensure industry leadership and sustainable business models. The gas processing industry refines naturalgas to make it usable for industrial, commercial, and energy-applications.
With the gas processing industry poised for significant changes in the coming years, adopting new technologies is essential to ensure industry leadership and sustainable business models. The gas processing industry refines naturalgas to make it usable for industrial, commercial, and energy-applications.
Larrys deep understanding of Williams operations and naturalgas focused strategy make him the ideal candidate for our next COO, said Williams President and CEOAlan Armstrong. Wauson, then Regional Vice President of Operations, has more than 25 years of operational and commercial experience in the naturalgas compression industry.
Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. It is also the basin that keeps giving with operators consistently adding locations by testing new zones of the prolific basins stacked pay, said Dittmar.
The Haynesville production decline was spurred by weak naturalgas prices and related cuts in Haynesville rig counts. The more modest production decrease in Appalachia, combined with the Haynesville decline, led to the first shale-based naturalgas production decrease in the past 25 years. in mid-March. in mid-June.
Goodfellow had more than 30 years of domestic and international experience in the oil and naturalgas industry during a career at Shell, where he began in 1991. The post Movers and Shakers appeared first on Permian Basin Oil and GasMagazine. . * Goodfellow Houston-based Talos Energy Inc. announced Feb.
As a whole, the oil patch is a tight-knit community, especially in the Permian Basin, where almost everyone is in the business one way or another. He says that more companies are realizing the value of VRUs, that they usually more than pay for themselves by capturing formerly lost naturalgas to be put into the sales pipeline.
The July issue of Permian Basin Oil & GasMagazine will include a comprehensive report on the 89th Regular Session. Julie Anderson is editor of County Progress Magazine and is former editor of Permian Basin Oil and GasMagazine. The 89th Texas Legislature gaveled in on Jan.
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