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(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 the acquisition of certain assets from Edge Energy II LLC (“Edge Energy”) in an off-market transaction for $12.5 Prairie Operating Co.
The top three countries with the largest proven natural gas reserves are: Russia – With vast underground basins in Siberia, Russia holds nearly 20% of the world’s known reserves. The Permian Basin (Texas and New Mexico) – Known for oil, but it also produces significant amounts of natural gas.
(World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. Utilizing its highly effective ground game, the company plans to leverage this acreage to trade for incremental interests in existing operated units or establish new operating units.
Private capital is shifting to legacy basins, testing new zones, and leaning into gas plays that were once overlooked,” said Shawn Stuart, principal analyst at Enverus. We provide intelligence across the energy ecosystem: renewables, oil and gas, financial institutions, and power and utilities, with more than 8,000 customers in 50 countries.
Public Utility Commission of Texas approved a plan to build the first extra high voltage transmission lines in ERCOT to help meet the rapidly growing power needs in Permian Basin. The post Public Utility Commission approves first extra high voltage lines in Permian Basin appeared first on Permian Basin Oil and Gas Magazine.
(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. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.
It will utilize existing infrastructure to provide a new pathway from the Waha residue markets in Permian to Mid Continent residue markets in Anadarko Basin. Palo Duro will be a 275-mile, high-pressure natural gas pipeline connecting downstream pipelines while providing takeaway from the Permian Basin.
Its role as an anchor tenant in the Bakken ensures basin-wide stability and investor confidence. It was a pioneer in the play and continues to dominate in scale and infrastructure. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
NEH has been granted an intial six-month window by the BLM to temporarily shut in its wells during the installation of the new gathering system, should it elect to utilize this option. (Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc. ” About New Era Helium, Inc. New Era Helium, Inc.
These areas are cornerstones of the Delaware Basin, where associated gas volumes continue to surge alongside crude output. miles Commodity Gas Classification Gas Utility Recent Updates (as of April 29, 2025) 1. gas markets. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
The Permian Basin is the undisputed engine of American energy growth—and midstream operators like Targa Resources are racing to keep up. Adding gathering mileage improves contract volumes and asset utilization—without exposure to commodity swings.
After Public Utility Commission of Texas approved a plan for electric reliability in west Texas, AEP Texas said April 24 it will build one of three 765-kV transmission lines. The Howard-Solstice transmission line is an integral part of the Permian Basin reliability plan.
The permit included all required components: Cover Letter PS-8000 Documentation Non-Utility Certification GIS Shapefiles and Route Maps “This acquisition enhances our ability to serve producers in North Texas with reliable gas gathering and transmission infrastructure,” said a regulatory filing official at WBI.
New well permit activity in the Permian Basin is showing signs of a notable pullback in 2025. EOG Resources Pulling back slightly: ~25 fewer wells planned in 2025 ( –15 Delaware, –10 Eagle Ford ); suggests minor rig utilization drop. What’s Driving the Slowdown? The slowdown is not a collapse — but a recalibration.
(World Oil) – Utilizing scientific and engineering analysis, the Railroad Commission of Texas has issued new guidelines that further strengthen permitting of disposal wells in the Permian basin. The new SWD permitting guidelines in the Permian basin go into effect on June 1.
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.
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.
As consolidators move to acquire acreage in core shale basins, smaller operators are looking for opportunities in underappreciated basins and fringe areas in core basins. Forecasting the Northwest Shelf of the Delaware Basin One of these new areas of interest is the Northwest Shelf of the Delaware Basin.
The first quarter of 2025 in the Dealaware Basin kicked off with a significant uptick in oil and gas drilling activity across North America. Contractor and Rig Utilization : Q1 2024 saw 189 unique rigs in operation. Based on recent permit and rig activity data, the industry saw an 18.9% 96 records OXY USA Inc.
Last year, Enbridge struck a deal to buy three natural gas utilities in the United States from Dominion Energy for a total consideration of $14 billion. In total, Enbridge moves 40% of all North American crude. The expansion of Enbridges gas business also paid off in the first quarter of the year.
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.
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.
The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year.
Their work involves a combination of exploration, development, and operational support, utilizing advanced geophysical and geological techniques. Support Carbon Capture, Utilization, and Storage (CCUS) initiatives by conducting subsurface evaluations. Manage and streamline geoscience data workflows using SQL, Python, and GIS tools.
recently said its ProPwr division secured its first contract to commit 80 megawatts of power generation for an exploration and production operator in Permian Basin. ProPwr will deliver turnkey power to a distributed microgrid installation utilizing in-field gas where utility power is unavailable to support production operations.
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. We remain committed to disciplined capital deployment and maximizing shareholder value. Prairie Operating Co.
million in 2024, the Pennsylvania Public Utility Commission (PUC) announced today. Nearly $3 billion generated for Pa. communities to date; Consumer savings top $10 billion in 2024 PITTSBURGH, PA – June 23, 2025 – Pennsylvania’s natural gas impact fee, the state’s tax on natural gas development, generated $164.5
(World Oil) – BKV Corporation has formed a strategic joint venture with Copenhagen Infrastructure Partners (CIP), on behalf of its Energy Transition Fund I, to expand BKVs portfolio of carbon capture, utilization and sequestration (CCUS) projects.
playing a crucial role in oil and gas development across key basins. Below, we break down the latest data, highlighting top trends in drilling activity by province, operator, county, and rig utilization. A diverse set of operators utilizing Cactus Drilling, ranging from major industry players to smaller independents.
Most Active Rigs H&P 329, H&P 519, and H&P 313 lead in total wells drilled, showing high utilization of these rigs. Permian Basin Dominance The majority of drilling is concentrated in the Permian Basin , reinforcing its position as the most active oil and gas play in the U.S.
(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.
We analyzed drilling data across multiple basins, with a focus on rig utilization and regional hot spots. Combined with broader drilling trendssuch as strong Patterson rig utilization and shifting county-level activitythis points to an industry recalibrating for capital discipline while still growing efficiently where it counts.
To expand US critical mineral supplies, Chevron will leverage its drilling expertise and utilize advanced direct lithium extraction (DLE) technologies for future production. Read more Democrats, Independents cool on solar and wind energy, poll says Summary : An AP-NORC poll shows U.S.
Utilities are struggling to keep up, and a critical bottleneck has formed: long waits for grid interconnection. But utility interconnection queues are overwhelmed. Developers are facing multi-year delays just to get on the grid, while utility timelines for new generation and transmission assets often stretch beyond 2030.
CNRLs drill-to-fill strategy refers to its approach of drilling new wells primarily to maintain or maximize facility and infrastructure utilization , rather than for aggressive production growth. This strategy is designed to optimize existing assets such as pipelines, processing plants, and upgrader capacity.
The acquisition of IMG Energy Solutions expands Liberty Power Innovations (LPI), providing entry into distributed power systems and utility-scale energy services a growth market driven by surging data center and industrial electrification demand. The company expects steady U.S.
You are probably aware that the water problem in the Permian Basin is direit is the desert, after all. Disposal of produced water in the past was largely a matter of just pumping it back down underground, as is seen in the proliferation of SWDs (Salt Water Disposals) that dot the landscape in the Permian Basin. Not even on eBay.
He is a proven and disciplined dealmaker who brought Ecopetrol into the unconventional Permian basin in the U.S. Mr. Bayon has served on multiple Boards of Directors across the energy, utilities, education, and technology sectors. in partnership with Oxy a project that grew from 0 to ca. and the U.K.,
This supports STEPs growth strategy in gas- and liquids-rich basins like the Montney and Duvernay , where long-term contracts, LNG-driven momentum, and record sand volumes are driving strong returns. By exiting this business line, STEP is streamlining into a single operating segment and reallocating select U.S.
Delaware Valley Journal: RPT: PA Collected $164M in Revenues From Natural Gas in 2024 Pennsylvania’s budget coffers received more than $164 million from the state’s natural gas industry last year, the Pennsylvania Public Utility Commission (PUC) announced Monday. Williamsport Sun-Gazette: Gas impact fee brings another $6.9
The laws create a DPS oilfield theft unit and task force to address rising pipeline thefts in the Permian Basin, which fuels Texas’ economy. The system shares data with Texas’ Utilities Commission to identify critical infrastructure under SB 3/HB 3648 laws, linking upstream production to power plants.
Jim Wright, commissioner, said, While Texas energy is utilized worldwide, it is our state and our citizens who truly benefit through the high paying jobs and severance tax revenue that these record setting production figures represent. That tops the previous records for natural gas production of 12.30 trillion cubic feet in 2023, 11.43
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