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Austin, Texas (May 28, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, successfully concluded its annual EVOLVE Conference, held May 12–15 in Houston, Texas. From AI-powered trading to clean fuel strategies, our attendees are not just adapting to change—they’re leading it.”
EIR maintains that the fair value of oil should be in low $80s, if based purely on OECD crude and product stock levels. EIR maintains that softer balances will come 2H25 and that Brent prices will average $65/bbl for the rest of the year.” Monitor energy trends and make informed decisions with Enverus Intelligence® Publications.
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl bbl WTI and $4.28/MMBtu The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production. Key Hedging Terms: Remaining 2025 Production: $68.27/bbl
Genel Energy has issued a trading and operations update relating to Q1 2025. Paul Weir, Chief Executive of Genel, said: " In line with expectations, the Tawke PSC continues to deliver consistent, reliable production and generate significant cash flow even at the discounted domestic sales prices. "Our By John Lee.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The resulting properties were then used to build a numerical model to generate production forecasts. Register to attend.
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. The transaction is expected to close before May 30, 2025. million acres in Alberta. After annual capital investments of $2.6
Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. From majors like Canadian Natural Resources and Ovintiv to rising mid-cap producers, this snapshot highlights average daily production across top-performing companies. 102,012 bbl/d (bitumen) SOR of 2.39
Genel Energy has announced its audited results for the year ended 31 December 2024. Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 Production costs (17.6) (18.0) EBITDAX1 1.1
million shares since the programs launch in August 2024, or ~4% of outstanding Recognized by The Financial Times as the fastest growing energy company across all of the Americas Calgary, Alberta(Newsfile Corp. million shares repurchased to date in 2025, bringing total repurchases to 7.9 April 23, 2025) Saturn Oil & Gas Inc.
Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year.
Abdel Moneim stated that in the field of exploration and discovery, Khalda Petroleum Company achieved 10 oil discoveries during the first half of the current fiscal year. Among the most prominent of these discoveries are the West Fewebs-1X well with a production capacity of 6,400 barrels of oil per day (bbl/d) and 25.5
In a statement , the company said that it drilled the exploration well in Green Canyon Block 584, located in western Green Canyon, about 120 miles off the coast of Louisiana, in water depths of 4,092. Globally, bp expects to grow its upstream production between 2.32.5 “Our Gulf of America business is central to bps strategy.
Austin Chalk Emerges as South Texas Top Target As Tier 1 Eagle Ford drilling locations dwindle, South Texas energy producers are turning to an overlooked formation to keep the gas flowing. Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 According to the U.S.
The worlds largest energy companies have just released their Q1 2025 results, offering a detailed look at how the sector is holding up amid fluctuating commodity prices, ongoing supply chain pressures, and the growing influence of gas and LNG markets. TWh , the same as Q1 2024. TWh , the same as Q1 2024. Empire Wind in the U.S.).
Austin Chalk Emerges as South Texas Top Target As Tier 1 Eagle Ford drilling locations dwindle, South Texas energy producers are turning to an overlooked formation to keep the gas flowing. Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 According to the U.S.
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 of production before reaching a plateau of 7.7 energy industry.
Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d production increase in 2024. MMBbl/d , a 0.3
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. That is a challenge for companies that want to use deals principally to extend overall inventory life.
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