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This purchase strengthens the firms growing position in the core of the Midland basin, widely regarded as one of the most prolific energy-producing regions in the United States. This marks the firms fourth Midland basin acquisition in 2025, reflecting Rising Phoenix Capitals focused ground game and direct sourcing strategy.
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.
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.
The Permian Basin, the beating heart of U.S. While operators still hold large inventories of low-breakeven projects, sustained drilling activity is essential to offset shales steep natural declines. shale oil production, is experiencing a notable contraction in drilling permit activity this spring.
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.
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. energy production, contributing 6.26.3
oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational 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.
The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. The company has built a reputation for acquiring mature, cash-flowing assets and optimizing their operations for long-term sustainability. domestic energy production. billion debt it will assume from Marathon Oil.
Industry leaders like ExxonMobil, ConocoPhillips, Chevron, Diamondback, Devon, and Occidental are racing to optimize capital efficiency while sustaining inventory quality. 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?
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.
The first quarter of 2025 in the Dealaware Basin kicked off with a significant uptick in oil and gas drilling activity across North America. Conclusion The comparison between Q1 2024 and Q1 2025 paints a picture of modest growth and sustained operator confidence. Based on recent permit and rig activity data, the industry saw an 18.9%
(Oil Price) –The Permian Basin has been the star of the U.S. According to the energy investment firm , Montney is the top shale basin in North America with a view to future supply, sporting massive volumes of untapped resources with a high quality. shale oil and gas industry for years. And its in Canada.
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.
ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. 600 million in non-core asset sales , primarily in the Southern Delaware Basin.
Maintenance capital efficiency improvements ensure sustainable production growth. Conclusion: A Strong 2025 and Beyond Whitecap Resources enters 2025 with momentum, efficiency gains, and financial discipline , ensuring long-term sustainability and shareholder value creation.
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
How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. Shale at $40 Oil Even with oil prices hovering around $40 per barrel, U.S. shale producers are thriving. The answer lies in strategic acquisitions , portfolio optimization , and relentless capital discipline. Shale at $40 Oil appeared first on Oil Gas Leads.
Todays TRADITIONAL SUPER BASINS of oil & gas will not meet the challenges of sustainability and achieving Net-Zero by 2050. For the upstream industry to become more sustainable, it must focus on resources that are co-located with both plentiful clean electricity and CCS potential.
Efficient water management is crucial for long-term sustainability and resilience. The Permian Basin , one of the most productive oil fields in the U.S., Call to action: Efficient water usage is crucial for long-term sustainability, cost savings, and environmental stewardship. In the U.S. trillion gallons of water.
The award was announced last week at the Permian Basin environmental regulatory seminar. Stephen Robertson, executive vice president of Permian Basin Petroleum Association, added, By adapting conveyor technology … Atlas has significantly reduced truck traffic on public roads in Permian Basin.
The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production. Prairie continues to advance development across its DJ Basin footprint, including the recently announced 11-well Rusch Pad targeting the Niobrara and Codell formations.
The University of Texas Permian Basin’s annual Permian Basin Water in Energy Conference (PBWIEC) will convene March 46, 2025, offering opportunities for innovation, collaboration, and industry recognition. Conferees converse between sessions of the 2024 Permian Basin Water in Energy Conference.
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.
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.
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. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after.
Tropical cyclones (hurricanes in the Atlantic and Northeast Pacific basins and typhoons in the Pacific and Indian Ocean basins) are weather events which involve wind, rain, thunderstorms and storm surge and can trigger tornadoes. Storms are rated in.
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.
Why it matters: Productivity Over Volume: Leaders like ConocoPhillips and Devon Energy stress that sustainable, low-cost supplynot sheer drilling volumeis what powers long-term value. Voices That Define the Model Vicki Hollub (Oxy): Weve become much more efficient, but the next frontier is pairing that efficiency with sustainability.
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.
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.
(Nasdaq: PROP) (the Company or Prairie) an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin today announced it is beginning completions of nine previously drilled but uncompleted (DUC) wells acquired in the recent Bayswater transaction.
You are probably aware that the water problem in the Permian Basin is direit is the desert, after all. This leads to a bifurcated situation: what is the sustainability of current methodologies for disposal, and what are the infrastructures and processes in place to take a product once regarded as waste and turn it into an asset?
This decision stems from continued operational efficiency gains and schedule optimization in the Permian Basin and Gulf of America. CEO Vicki Hollub stated: “In the first quarter, our teams sustained focus on operational excellence unlocked additional efficiencies and supported the delivery of resilient free cash flow.”
Notably, Permian Basin production rose 12% year-over-year , despite rig count pressures. Capital Expenditures Down, Yet Production Holds Strong In Q1 2025, Chevron reported $3.9 billion in capital expenditures , down from $4.1 billion in Q1 2024.
Despite reducing its full-year capital expenditure guidance by $200 million and cutting domestic operating costs by $150 million in Q1 2025, Oxy continues to maintain and even expand its drilling footprint in the Permian Basin. Permit Growth Defies Budget Cuts H1 2024 Permits : 316 H1 2025 Permits (actual + forecast) : 387 This marks a 22.5%
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). The pipeline offers shippers access to both Midcontinent and Gulf Coast refining and trading hubs. refining network. and Canadian markets.
The marketing opportunities Louisiana LNG offers across the Pacific and Atlantic Basins leverages Woodsides proven LNG marketing capabilities and complements our established position in Asia. This will position Woodside to even better serve global customers and meet growing energy demand.
Ahmed El-Hoshy, CEO of Fertiglobe, said: At Fertiglobe, creating value via sustainability is at the heart of our operations. We are committed to meeting the increasing global demand for low-carbon solutions, which bring us closer to a more sustainable future. Shown here is the modular unit that was deployed in Abu Dhabi.
Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Heres a breakdown of how Energy Transfer is positioning itself for sustained growth and profitability in the evolving energy market.
Regulatory Compliance and Environmental Stewardship The company remains committed to adhering to TCEQ guidelines , ensuring sustainable operations that align with Texas environmental regulations. Stay tuned for further updates on Sydri Operatings continued expansion and development initiatives in the region.
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. Final Thoughts AI may be the brain of modern digital life, but energy is its heartbeat.
The transfer: Ensures regulatory transparency, Assigns operational responsibility for emissions control equipment, Signals strategic asset realignment in the basin. It reflects the evolving strategies of two Barnett playersone scaling back and reallocating capital, the other doubling down on a proven natural gas basin.
playing a crucial role in oil and gas development across key basins. drilling: Strong activity across multiple provinces , reflecting a broad and sustained demand for drilling services. Cactus Drilling remains one of the most active drilling contractors in the U.S., Drilling Activity appeared first on Oil Gas Leads.
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