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June 2025 WBI Midstream LLC, a subsidiary of WBI Energy and part of the MDU Resources Group, has officially acquired the Longhorn Gathering & Transmission System from Enerfin Resources II-92 , adding a strategic 116-mile pipeline footprint across Archer, Clay, and Wichita Counties in Texas. What’s Included in the Deal?
The Permian Basin is best known as the beating heart of U.S. Driven by the electrification of oil & gas operations , midstream expansion, and rising residential demand, the Permian is now among the largest contributors to U.S. GW of Permian Demand According to analysis from Rystad Energy, the Permian Basin’s current 7.5
UpstreamMidstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstreammidstream downstream? Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.
Continental said that Hess, which operates hundreds of wells in North Dakota, artificially inflated midstream service fees by entering into agreements with its own subsidiaries. Hess Bakken Investments, a Hess subsidiary, operates about 483 producing wells in the Williston Basin in which Continental owns a working interest.
The Permian Basin is the undisputed engine of American energy growth—and midstream operators like Targa Resources are racing to keep up. The Bigger Picture: Permian Growth Continues Targa has been executing a basin-wide buildout of gas infrastructure.
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.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
As we discuss in todays RBN blog, the U.S. Supreme Court ruled last week that under the all-important National Environmental Policy Act (NEPA) of 1969, its up to regulators to set the boundaries of their environmental review and that courts should defer to their judgment as long as they fall within a broad zone of reasonableness.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Sources are cited in brackets.
All in all, were looking at refining margins for the first-quarter of this year that are better than 2024, even as upstream margins weaken and the industry at large expresses concern over a cooling global oil demand outlook. Delek US posted a deeper-than-expected net loss of $173 million, citing market softness and operational headwinds.
Aethon has agreed to purchase Tellurians upstream assets for (US) $260MM below street estimates, which ranged from $270MM to $500MM. Despite the market’s dislike of the purchase price, Tellurians upstream assets were in the middle of the pack. Basin-wide, however, ~$3.00/Mcf Basin differentials are assumed to be ~0.25/Mcf,
The first quarter of 2025 in the Dealaware Basin kicked off with a significant uptick in oil and gas drilling activity across North America. Based on recent permit and rig activity data, the industry saw an 18.9% increase in drilling records compared to the same period in 2024. 96 records OXY USA Inc.
The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. Scout Energy Managements Expansion Strategy Scout Energy Management is a major player in the upstream energy sector, managing over 22,000 operated wellbores across the U.S. domestic energy production.
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. Best-in-Class Gas Economics: Among the lowest-cost dry gas basins in the world.
Platforms integrated across previously siloed workflows, connecting upstream operations with midstream logistics and downstream analytics. Energy companies with decades of operational history across diverse basins and conditions possess an irreplaceable asset that even well-funded competitors cannot replicate.
Riley said May 7, This acquisition adds significant long-term upstream development potential and supports our prior decision to invest in gas midstream infrastructure in the region… This year we are prioritizing the acquisition and preservation of high-quality inventory over the conversion of inventory to production.
A Strategic Fit: Scout Energy & High River Resources Scout Energy Management LLC Established in 2009 and headquartered in Dallas, Scout Energy Management LLC is a private energy investment manager specializing in the acquisition, operation, and enhancement of upstream energy assets and associated midstream infrastructure.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. www.vitesse-vts.com
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
Monthly Well Permits: Actuals and Forecasts An analysis of well permitting activity in the Haynesville Basin reveals a steady pace of development. The company plans to invest between $130 million to $150 million in its Western Haynesville midstream system, aiming to enhance its infrastructure to support ongoing and future operations.
Grand Mesa Pipeline The divestitures fit into a multi-quarter effort by NGL to simplify its business and emphasize more predictable, fee-based midstream revenue. 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).
Production and Capital Investment Looking ahead, Cenovus forecasts an upstream production range of 805,000 to 845,000 barrels of oil equivalent per day (BOE/d) for 2025, representing a 4% increase compared to 2024 Cenovus Energy. which have been instrumental in executing Cenovus’s drilling programs. billion to $5.0 billion in 2025.
We already have a hard time staying ahead with generation in places like Texas and New Mexico, Hollub said, referring to the Permian Basin. As more upstream operations become electrified and digitalized, the oilpatchs dependence on reliable electricity will only intensify. Oil Production appeared first on Oil Gas Leads.
NYSE American: REI) has officially closed its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources, adding ~17,700 net acres in Andrews County, Texas to its growing Permian Basin footprint. Oil & Gas Directory Mid Stream Oil & Gas News DT Midstreams $2.3 Ring Energy, Inc. cash, $10M deferred, 6.5M
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. www.vitesse-vts.com
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. www.vitesse-vts.com
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. www.vitesse-vts.com
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. www.vitesse-vts.com
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream and downstream sectors as well as power and renewables. www.vitesse-vts.com
With major operators like Tourmaline Oil aggressively advancing their drilling programs, the upward momentum points toward a potentially strong year for the Canadian upstream industry. Oil & Gas Account Directories Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
The data reflects both oil and gas output, offering a high-level look at market leaders, operational growth, and emerging trends in Canadian upstream development. From majors like Canadian Natural Resources and Ovintiv to rising mid-cap producers, this snapshot highlights average daily production across top-performing companies.
This 6% increase highlights CNRLs steady investment in upstream operations, even amid a broader environment of cautious capital spending. A review of operational data reveals several notable trends across rig deployment, field concentration, and drilling methodologiesshowing both consistency and strategic shifts in resource development.
British Columbias upstream oil and gas sector has seen a surge in well permitting activity over the last few yearsbut drilling activity hasnt kept pace. The result? A growing backlog of approved well licenses that have yet to be turned into producing wells.
upstream oil and gas sector. The companys ability to outperform guidance in a volatile macro environment speaks to its execution consistency and operational excellence hallmarks of EOGs multi-basin strategy. production across oil, natural gas liquids (NGLs), and gas came in at 1,048.3
Final Thoughts In the fast-moving world of upstream oil & gas, accurate drilling time estimates are key to capital efficiency and operational execution. While perfect precision may be impossible, using DDR data to refine time forecasts is one of the most effectiveand underutilizedlevers available.
But as basins mature and geology becomes more challenging, the key question becomes: Can these gains be sustained, or has the industry already picked the low-hanging fruit? Mike Wirth, Chevron CEO Wood Mac data shows that weve got the lowest upstream breakeven in the industry. Below, we unpack how top U.S.
24 that Clay Neff, its President/International Exploration and Production, was named President/Upstream, effective July 1. With 24 years of broad experience in the energy industry, Wang will focus on expanding the firms service lines in Upstream, Midstream, and Energy Components.
Centrium offers domestically sourced raw materials for upstream and midstream applications, including demulsifiers, corrosion inhibitors, paraffin dispersants and more. The post Company Sets Itself to Reshore Oilfield Chemicals appeared first on Permian Basin Oil and Gas Magazine. For more information, visit CentriumEnergy.com.
Despite this trick rather than treat, ExxonMobil boosted production by 80,000 oil-equivalent barrels daily, driven by growth in the Permian Basin and Guyana. Phillips 66: Chemical and Midstream Magic Phillips 66 surprised investors with a Q3 profit beat, driven by strength in its chemicals and midstream segments.
midstream companies are hesitant to commit to new pipeline builds amid market volatility and tariff uncertainty. midstream operators are more cautious about plans for the future despite the friendliest regulatory environment they have had for five years, or ever. shale basins. DT Midstream, which late last year announced a $1.2-billion
In this favorable environment, private companies in multiple basins realized significant returns for their investors by exiting their commitments. From an equity standpoint, the recent sales have increased the need to fund new upstream and midstream companies. appeared first on Permian Basin Oil and Gas Magazine.
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