This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
With this step, we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet. The return of a public Company to the basin underscores the deep value and long-term potential of the asset.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel.
Supreme Court has given the green light to Utahs Uinta Basin Railway project, backing a narrower interpretation of environmental review laws and potentially clearing the path for a major expansion in oil transport capacity. The line would link the Uinta Basins oil fieldstucked deep in northeastern Utahs sagebrush terrainto
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 natural gas 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.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
The Morongo Basin Transit Authority (MBTA), on behalf of the California Association for Coordinated Transportation (CALACT) consortium members, has selected Vicinity Motor buses in a statewide purchasing contract. ‘s portfolio through its distribution partner, ABC Companies.
has signed a two-year contract with Morongo Basin Transit Authority (MBTA), executed on its behalf by ARBOC distributor Creative Bus Sales. The contract, which includes up to three one-year extensions, will be available to participating members of the California Association for Coordinated Transportation (CALACT) to […].
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.
NGCS is a provider of natural gas compression equipment and services used in production and transportation of natural gas. By deepening our operational footprint in the premier Permian Basin and other key regions, we will continue to align our resources with profitable, high-demand market segments. million horsepower.
These permits—spanning both natural gas gathering and crude oil transportation systems—highlight Ironwood’s commitment to enabling safe, efficient midstream infrastructure in one of the most active oil and gas producing regions in the United States. 09903 Gas Private Concord Gas Gathering 10.81
McDermott has been awarded a sizeable offshore transportation and installation contract by Brava Energia for the Papa-Terra field in the Campos Basin and the Atlanta…
This step marks OEG ‘s expansion of its cryogenic tank division into the region, a move intended to help meet demand for safe, efficient transport of liquefied gases across the United States and beyond. The post New Cryogenic Fleet Hits Houston appeared first on Permian Basin Oil and Gas Magazine. business development team.
Natural gas producers in the Permian Basin should once again brace for lower prices at Waha as production looks to outpace the pipeline capacity needed to transport gas to both domestic and international markets, including liquefied natural gas shipments, said Jason Feit, lead author of a new report from EIR.
“The pipeline will provide expanded takeaway capacity for associated natural gas produced in the Williston Basin”, a joint statement said. is planned to transport up to 760,000 Dthd of gas. The other, by WBI Energy of MDU Resources Group Inc.,
The Permian Basin continues to be a driving force behind U.S. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. This synergy allows for lower-cost crude transportation and higher margins.
The victory for workers comes after Jay Fifer, a driver for the oil transportation company, gathered signatures from the majority of his coworkers on a petition demanding that Sunoco Logistics officials end their recognition of the USW as the majority “representative” of the drivers.
Top qualifications for unique job postings included valid driver’s license (1,613), CDL class a license (244) and transportation worker identification credential (TWIC) (137). Almost all of the production growth has come from the Permian Basin region. Oil production has jumped this year after hitting a record 13.2
Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport natural gas from multiple points in the Permian Basin to the Rockies Express pipeline and other points of delivery. Target in-service date is late 2028. Target in-service date is late 2028.
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.
In just a few years, the Uinta Basin has morphed from a quirky, waxy-crude curiosity to a burgeoning shale play with production north of 170 Mb/d and initial production (IP) rates that compare favorably with the best wells in the Permian.
Permit Number: 08442 Permit Validity: Until July 31, 2025 Commodity Transported: Gas Classification: Private Counties: DeWitt, La Salle Total Permitted Miles: 13.40 miles Regulated Miles: 0.00 Unregulated Miles: 13.40 Amendment Codes: MP (Merge Permits): 2.11 mi PA (Pipeline Addition): 4.24 mi OM (Other Modifications): 7.05 09136 – 0.82
The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. per boe , reflecting improved transportation dynamics and stronger demand. Production Growth Despite Fewer Rigs Oil production in the Permian Basin increased to 6.5 oil and gas sector. quarter-over-quarter growth and a 5.7%
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.
Founded in 2020, Cowboy Clean Fuels converts readily available agricultural byproducts into carbon dioxide and renewable methane using a natural biogenic process in deep geologic coal formations, leveraging existing Coal Bed Methane (CBM) infrastructure in the Powder River Basin. We are thrilled to be their go-to-market partner.
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.
One of the most innovative approaches Coterra is utilizing is its ‘row developments’ strategy , particularly in the Permian Basin. Coterra’s operations in the Permian Basin leverage their highly contiguous acreage position to implement sizable and highly efficient projects known as row developments.
It is true that the Permian Basin is, and continues to be, an area with lower educational levels than most of Texas. The Permian Basin has multiple technical training options available through Howard College, Midland College, Odessa College, UTPB, and other organizations, such as the Permian Basin Workforce Board and Skillpoint Alliance.
Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. Crude oil and NGL volumes are rising , driving more demand for transportation and processing. energy production. Global demand for ethane, propane, and butane continues to grow, especially in Asian and European markets.
This will result in substantial demand growth for in-basin condensate volumes because of increased need for diluent. The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years.
Several large, publicly held midstream companies play critical roles in transporting crude oil, natural gas and NGLs from the Permian Basin to markets along the Gulf Coast, and all of them are investing hundreds of millions or even billions of dollars to expand their Permian-to-Gulf infrastructure.
The three officials Garrett Golding, Diego Morales-Burnett and Kunal Patel said March 24 production in the Permian Basin in New Mexico and Texas continued to grow in 2024 to exceed 6 million b/d. The post New Mexico becoming energy powerhouse, surpasses 2 million b/d in 2024 appeared first on Permian Basin Oil and Gas Magazine.
The extent to which producers respond to price changes depends on several factors, including future price uncertainty, contracts, volatility in the market, current costs of materials, equipment and labor, and availability of transportation and storage. decline last two years appeared first on Permian Basin Oil and Gas Magazine.
million barrels per day, illustrating its critical role in the transportation of oil to key demand centers, the company said. The growth outlook in the economically advantaged Western Canadian Sedimentary Basin (WCSB) remains strong with approximately 1 million incremental barrels per day expected to come onstream by 2035, Ebel said.
There are currently 67 hubs producing or under development – with each hub representing a complex set of infrastructure needed to produce and transport oil and gas from UK waters to onshore terminals dotted around the British coast. This is normal in a mature basin.
. ### Founded in 2008, the Marcellus Shale Coalition® (MSC) works with exploration and production, midstream, and supply chain partners in the Appalachian Basin and across the country to address issues regarding the production, transportation and use of clean, job-creating, American natural gas from the Marcellus and Utica Shale plays.
The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Beginning operations in early October, the pipeline can transport up to 2.5
BANGL transports up to 250,000 barrels per day of natural gas 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 Gas Magazine. Maryann Mannen, president and CEO, said Feb.
Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB). The ability to transport more oil efficiently will not only support higher production levels but also stabilize prices, benefiting producers and the broader economy.
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 natural gas and liquids production, transport, marketing and well retirement.
midstream operators are increasingly adopting vertical integration to control the entire value chainfrom gathering and processing to transportation and export. Permian Basin: The Backbone of U.S. Production The Permian Basin remains the most productive oil and natural gas field in the U.S.
The Matterhorn Express Pipeline, due to begin service in September, will significantly increase natural gas pipeline capacity in the Permian Basin, according to a new analysis from the U.S. Energy Information Administration.
Read more Texas creating task forces to target Permian Basin oil field thefts Summary : To combat oil field thefts in the Permian Basin, Texas enacted new laws costing nearly $5 million to create task forces under the DPS and the state’s Railroad Commission. This addresses a billion-dollar problem, with one operator losing $1.1
Pipeline transportation volumes rose 6 percent to 13.2 Teague said Enterprise has growth projects valued at $6 million scheduled for completion in 2025, including two natural gas processing plants in the Permian Basin in 3Q. Total fee-based natural gas processing volumes increased 12 percent or 760 million cfd to a record 7.2
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content