Remove BBL Remove Completion Remove IT
article thumbnail

Kazakhstan Reaches Record Oil Production of 2.12 Million bbl/d, Exceeding OPEC+ Quota

Egypt Oil & Gas

million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. million bbl/d, which takes into account Kazakhstan’s tons per barrel ratio of 7.5. million bbl/d, which takes into account Kazakhstan’s tons per barrel ratio of 7.5. from January to 1.83

BBL 75
article thumbnail

Enverus EVOLVE: Creating the future of energy with AI, intelligence and innovation

Enverus

The dashboards are very easy to use and it’s the most complete database for our U.S. Asset Optimization: Permian inventory is increasingly scarce, with seven operators controlling 71% of remaining sub-$50/bbl inventory. Enverus customers joined in explaining how they were benefiting from EVOLVE. operating companies.

Energy 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Permian Resources Expands Delaware Basin Position with $608M APA Deal

Oil Gas Leads

Metric Q1 2025 Adjusted Free Cash Flow $460 million (record) Drilling & Completion Cost $750/ft (–8% YoY) Cash Costs/boe –4% QoQ Outlook: Consolidation and Opportunity As the Permian’s wave of mega-mergers winds down, PR sees opportunity in smaller bolt-ons and non-core asset sales—especially if prices remain weak.

Basin 52
article thumbnail

Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

Updated Guidance and Long-Range Plan Upon completion of the Montney dispositions, Strathcona will be a pure-play heavy oil company producing approximately 120 Mbbls / d (100% oil, 95 Mbbls / d thermal, 25 Mbbls / d conventional) with a 50-year 2P reserve life index and positive net cash (including marketable securities). Tourmaline) for $291.5

BBL 130
article thumbnail

Zephyr Energy announces initial results from State 36-2R well evaluation Williston Project and Zephyr Hawk update

Oil & Gas 360º

“The decision to perform a novel perforation and acidisation completion has been very much vindicated, and the potential for further optimisation of the project is exciting. The internal technical evaluation of this well is now largely complete, prior to further review by a third party. (the “Paradox project”).In

BCF 130
article thumbnail

Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

By the end of the period, all wells had been successfully completed, equipped and tied-in, with IP30 rates available on the majority of wells brought on production. Should the WTI benchmark oil price fall to US$50/bbl, Saturns hedge book provides significant protection, having a cash value of over $160 million at that level.

Gas 100
article thumbnail

GPC Operates Modern Drilling Rigs in Eastern Desert, To Drill 75 Oil Wells in One Year

Egypt Oil & Gas

The new drilling rigs boast high operational efficiency, faster well completion, and easy mobility between sites at a lower costenhancing the execution of plans in a more efficient and cost-effective manner, said Mohamed Abdel Mageed, Chairman of GPC, in a report to the Ministry of Petroleum and Mineral Resources.