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(Oil & Gas 360) – HOUSTON, TX, June 09, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. This facility enhances our financial flexibility and supports our ongoing development activity and pursuit of accretive growth opportunities in the DJ Basin.” About Prairie Operating Co. Prairie Operating Co.
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.
(World Oil) –Rising Phoenix Capital, an investment firm specializing in oil and gas mineral royalty acquisitions, have announced a strategic purchase of mineral interests in Ector and Midland Counties, TX, operated by ConocoPhillips.
(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.
MMBtu Henry Hub HOUSTON, TX, April 10, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production. About Prairie Operating Co. Prairie Operating Co. Prairie Operating Co.
(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. About Prairie Operating Co.
This landmark transaction marks the largest single acquisition in the companys 45-year history and significantly expands its total Permian Basin holdings. These factors position USEDC for sustained, efficient growth and reinforce our commitment to delivering long-term value for our partners. oil and gas properties.
“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. CPP’s head of sustainable energies, Bill Rogers, noted the success of the investment and the strong returns it generated.
ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin just seven years after the first spud in 2017. Longer Laterals : Successful four-mile laterals at Poker Lake , reducing surface land disturbance and operational footprint.
Why This Matters: No Inventory, No Yield As we highlighted in a recent article on the New Frontier in Minerals and Royalties, publicly traded mineral companies face a challenge that echoes that of E&Ps: they must constantly build inventory to sustain the cash flows and dividends that attract investors to their tickers.
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.
The Permian Basin, the beating heart of U.S. Top 5 Operators by Well Permits in the Permian Oil Prices and Market Pressure Oil market fundamentals have shifted. This price compression has forced operators to reconsider marginal projects and scale back their drilling schedules to preserve capital efficiency.
The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. Understanding Air Permits in Oil & Gas Transfers When ownership of an oil and gas facility changes, the new operator must update regulatory permits to reflect the transition. domestic energy production.
The first quarter of 2025 in the Dealaware Basin kicked off with a significant uptick in oil and gas drilling activity across North America. Top Operators in Q1 2025 : The top five operators leading the charge were: EOG Resources, Inc. Contractor and Rig Utilization : Q1 2024 saw 189 unique rigs in operation.
CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. million barrels per day (bpd) accounting for over 16% of the basins total production.
Block I produces about 400 million cubic feet a day of natural gas, according to operator Petroliam Nasional Bhd. In March XRG said it had completed the purchase of Galp Energia SGPS SA’s 10 percent stake in the Area 4 concession in Mozambique’s Rovuma Basin.
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.
oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustainedoperational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds. Takeaway : U.S.
shale operators must be relentless in their pursuit of cost efficiency. That level of performance is only possible through structural cost reductions across drilling, fracing, facility development, and production operations. In todays lower-for-longer oil price environment, U.S. Below, we unpack how top U.S.
With a strategic focus on capital discipline, operational optimizations, and infrastructure enhancements, Whitecap is well-positioned to navigate commodity price volatility while delivering strong production growth and shareholder returns. Maintenance capital efficiency improvements ensure sustainable production growth. billion ($2.81/share)
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. Kimmeridge projects this basin to move into third place in well economics over the next decade.
(Oil Price) –The Permian Basin has been the star of the U.S. A lot of this is gas, and even more will be gas once LNG Canada begins operation, with the launch scheduled for later this year. This is by far the longest lifespan of all shale basins that the firm reviewed in its report. shale oil and gas industry for years.
ConocoPhillips provided significant insights into its Permian Basinoperations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. power demand. “At flat activity, we can grow the Lower 48 business.
As the oil and gas industry continues to navigate commodity price volatility and evolving regulatory landscapes, the recent transfer of air permits from Sage Natural Resources LLC to EagleRidge Energy underscores a broader trend in the Barnett Shale: operational consolidation and strategic repositioning. This isn’t just a formality.
Sydri Operating, LLC has taken a significant step forward in expanding its operational footprint through the acquisition of Texas Commission on Environmental Quality (TCEQ) air permits previously held by Crimson Energy Partners IV LLC.
The collaborationamongthe three companies would leverage in-basin natural gas production, advanced energy generation via fuel cell technology, and infrastructure financing to create a highly efficient, scalable, and sustainable energy solution tailored for the rapid expansion of data center power capacity requirements.
Bedrock Production LLC has officially assumed operational control of the Winston E1 Site in Parker County, Texas, following a permit transfer from EnerVest Operating LLC. The company emphasizes a disciplined, data-driven approach to operations, aiming to maximize value for every well while maintaining cost efficiency.
Efficient water management is crucial for long-term sustainability and resilience. Focus on water-intensive industries: Certain industries, such as power generation, oil and gas extraction, and utility operations, are particularly water-intensive. The Permian Basin , one of the most productive oil fields in the U.S., In the U.S.
How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. Rather than chasing barrels, operators are acquiring high-quality assets that can be rapidly integrated into efficient, low-cost portfolios. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. million b/d. According to Wood Mackenzies forecast, the Permian is expected to add another 1.1
trade tensions and oil price declines, if sustained, may slow down oil sands growth but only at the margin, given these are long lead time projects and significant capital is already sunk. Play Fundamentals is an EIR research series that dives into a key geographical basin or technology.
Denver-based Civitas Resources said last week it expanded its Permian Basin position with the purchase of operated assets in Howard, Glasscock and Upton counties in Midland Basin. Civitas said slightly more than half of total capital investments will be allocated to Permian Basin with the remainder to DJ Basin.
Development of Louisiana LNG will position Woodside to deliver approximately 24 Mtpa from its global LNG portfolio in the 2030s, and operating over 5% of global LNG supply. At full capacity, the foundation project is expected to generate approximately $2 billion of annual net operating cash in the 2030s. billion (100%).
But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. According to a survey of oil companies by the Federal Reserve Bank of Dallas, this break-even point is around $61 per barrel in the Midland Basin, the heart of the Permian, and $65 for the region as a whole.
While 2024 saw a dip to 6,054 wells , 2025 year-to-date (YTD) already shows 2,040 wells drilled signaling that operators remain committed to a consistent, measured pace. Voices That Define the Model Vicki Hollub (Oxy): Weve become much more efficient, but the next frontier is pairing that efficiency with sustainability.
Occidental Petroleum (NYSE: OXY) has showcased a strategic shift in its 2025 operational and financial approach, emphasizing efficiency and disciplined capital management. Capital Guidance Reduction In Q1 2025, Occidental reduced its full-year capital expenditure guidance by $200 million and domestic operating costs by $150 million.
Yet companies tend to seek new growth opportunities all the time to sustain their business, and the prospect of peak growth in the Permian is a real one. Both trends suggest that some formations in the basin are reaching geological constraints, and more drilling isnt necessarily proportionate to the oil volumes produced.
This modular unit has achieved the milestone of 4,000 operating hours over a six-month period, moving CycloneCC to Technology Readiness Level 7 (TRL 7). CycloneCC has operated continuously, delivering a high purity CO 2 product that exceeds the projected target and meets Fertiglobes CO 2 purity requirements.
playing a crucial role in oil and gas development across key basins. As of this year, a total of 120 wells have been drilled by Cactus rigs, demonstrating strong industry demand and continued investment in drilling operations. Cactus Drilling remains one of the most active drilling contractors in the U.S.,
Sharpening operational efficiency, maximizing returns, and strategically adjusting to a lower-margin environment. Notably, Permian Basin production rose 12% year-over-year , despite rig count pressures. Final Takeaway Chevrons Q1 2025 performance tells a story of capital discipline paired with operational intensity.
After a few years in the North Sea, I joined a company building a state-of-the-art, dynamically positioned drillship, capable of operating in offshore basins around the world. Shaped by frontline operational experience spanning Africa to Southeast Asia, I served in various roles. This marked the start of a change in my career.
This surge is driven by two fundamental types of AI operations: training and inference. Building Smart, Building Clean With the inevitability of AIs expansion, energy planners and tech leaders alike are facing a critical challenge: how to build and operate this next wave of data centers in a sustainable way.
EOG Resources (NYSE: EOG) delivered a strong first quarter in 2025, demonstrating why it remains one of the most efficient and resilient operators in the U.S. MBoed , confirming strong operational momentum across the portfolio. upstream oil and gas sector. production across oil, natural gas liquids (NGLs), and gas came in at 1,048.3
The Westcoast pipeline, operated by Enbridge subsidiary Westcoast Energy Inc., Separately, Enbridge confirmed it had acquired a 10% stake in the Matterhorn Express natural gas pipeline in the Permian Basin for $300 million USD, as part of its long-term growth strategy in U.S. Deal Overview: Stake Sold : 12.5% midstream assets.
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