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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.
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.
That limits the need for refinery capacity, which matches the regions average annual consumption and is only outstripped in the summer months. Yet, the Shale Revolution has impacted the Rockies as much as any other region, boosting production in the Denver-Julesburg (DJ) and Uinta basins, and the Montana portion of the Bakken.
Leading companies are aggressively expanding and integrating their gathering, processing, pipeline, and export infrastructure. 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. energy production growth.
AI models analyze real-time data from drilling sites, pipelines, and refineries, adjusting operations to optimize production and efficiency. AI-powered systems can fine-tune extraction techniques, monitor pipeline integrity, and adjust refinery processes to maximize output while reducing the risk of inefficiencies.
Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. However, in late 2024, the Matterhorn Express pipeline came online, adding 2.5 We analyze major U.S. 2023 Production: ~6.0
Key Processes: Transportation via pipelines, rail, trucks, or ships; storage in tanks or other facilities; and marketing for wholesale distribution. Assets: Midstream assets include pipelines, storage tanks, terminals, and transportation infrastructure. It bridges the gap between the upstream and downstream sectors.
upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2025 , a sharp increase from $1.05 billion in Q1 2024.
Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. For many, stealing crude oil from the pipelines and processing it at one of the many illegal refineries in the region is a means of earning a living.
Read more 25% royalty rate cap on prime oil and gas land heads to the House Summary : The New Mexico Senate passed Senate Bill 23 in a 21-15 vote, advancing legislation to raise the maximum royalty rate on prime oil and gas land in the Permian Basin from 20% to 25%. Refinery inputs averaged 15.4 energy exports. Read more U.S.
The Future of Keystone XL The Keystone XL pipeline, a significant project under Trumps first term, was set to bring Canadian oil to American refineries, support job creation, and secure a stable supply of North American oil. refineries but also reduce transportation costs and work towards solidifying North American energy independence.
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