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
In response to news that Israel has launched an attack on Iran, Al Salazar, director at Enverus Intelligence® Research (EIR), released this reaction explaining the significance on oil prices: “Oil prices have spiked on the increased probability that an oil supply disruption will occur due to the Iran-Israel conflict.
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.”
Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Drilling results revealed an oil-bearing layer with a thickness of 57 feet.
The outlook for Western Canada’s heavy oil sector in 2025 is decisively optimistic. This upswing in permits aligns with broader capital plans from oil sands and thermal oil producers signaling renewed confidence in long-cycle heavy oil assets. Maximize volumes, minimal downtime Suncor Energy 765–785K ~6.2
airstrikes on Iran’s nuclear facilities, Al Salazar, director at Enverus Intelligence® Research (EIR), released this statement explaining the significance on oil prices: “The U.S. In terms of oil markets, Iranian oil supply has been targeted over the past two decades by Western sanctions. In reaction to news of U.S.
(Oil Price) –The tariff wars and high spare capacity, mostly from the OPEC+ producers, are skewing the oil price risk to the downside in the medium term, according to Goldman Sachs. HSBC analysts also see risks in oil skewed to the downside amid expectations of a surplus this year and next.
(World Oil) –Banks are staying confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey. That consistency helps support continued access to secured credit for oil and gas producers. per barrel from $61.89
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl bbl WTI and $4.28/MMBtu bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States.
The International Energy Agency (IEA) announced that global oil demand growth forecast for 2025 has been revised down to 730,000 barrels per day (bbl/d), a decrease of 300,000 bbl/d from the March report. These expectations are mainly impacted by the strong oil consumption in Q1 2025, up by 1.2
Genel Energy has issued a trading and operations update relating to Q1 2025. By John Lee. 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.
(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. million acres in Alberta. After annual capital investments of $2.6 billion 4 , free funds flow is forecast at $1.2 billion 1.
(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. million barrels of oil equivalent (“boe”) for the well. Register to attend. net wells).
Energy Information Administration on Wednesday forecast that Alaska’s annual crude oil production will increase in 2026, a first since 2017 and, if realized, the largest since 2002.
(Oil & Gas 360) Q1/25 capital program realized well outperformance averaging 20% above internal type curves (2) , driving estimated average volumes over 41,600 boe/d (1) Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below par Continued share buybacks with ~3.4
Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. The data reflects both oil and gas output, offering a high-level look at market leaders, operational growth, and emerging trends in Canadian upstream development. 102,012 bbl/d (bitumen) SOR of 2.39
(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. Tourmaline) for $291.5
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.
publicly traded oil and gas companies. With crude oil prices stagnant in the $70-$80/bbl range, producers were driven to boost Tier 1 acreage and capture operational synergies to fund the generous shareholder returns demanded by their investor base.
Genel Energy has announced its audited results for the year ended 31 December 2024. Results summary ($ 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
bp announced an oil discovery at its Far South prospect in the deepwater US Gulf of America. Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. million barrels of oil equivalent (mmboe) in 2030, with further capacity expected by 2035. first appeared on Egypt Oil & Gas.
Ring Energys facility acquisitions, revealed through TCEQ permit transfers, underscore its strategic expansion in Andrews County. As Chord Energy refocuses on the Williston Basin, Ring consolidates CBP assets to drive low-cost, margin-rich growth. EMMA 4 facility) in Andrews County to Ring Energy. Chord Energy).
crude oil production. While legacy vertical well production has declined, horizontal drilling in tight oil plays, particularly in the Permian, has fueled unprecedented growth. This report outlines the production trends, regional comparisons, and economic drivers behind the Permians rise as the cornerstone of American energy.
The price of West Texas Intermediate (WTI) opened 2022 at about $75 a barrel (bbl). Last week, the price rose above $90/bbl for the first time since 2014. That was also the last year the price of WTI was above $100/bbl. To recap, in the first half of 2014, oil prices spent most of the time bouncing between $100/bbl and $105/bbl.
In a strategic move aligned with shifting commodity price dynamics, SM Energy is proactively reducing its rig count in the Permian Basin through 2025. This reduction isnt reactionaryits part of a deliberate capital allocation strategy designed to protect margins and preserve flexibility in a potentially volatile oil market.
What industry leaders are saying about shale resilience, capital discipline, and the rise of AI-powered energy. oil and gas executives arent just reacting to the markettheyre actively redefining it. shale didnt win the energy race by being flashyit won through repetition. Heres what we found. Its looking like [U.S.
This will assist senior scientists in performing enhanced petrophysical analysis and digital rock characterisation, using a number of advanced technologies and analytical techniques, including dual energy CT-scanning, high-frequency Nuclear Magnetic Resonance ('NMR'), and Cores proprietary PRISM workflow.
shale oil production, is experiencing a notable contraction in drilling permit activity this spring. Top 5 Operators by Well Permits in the Permian Oil Prices and Market Pressure Oil market fundamentals have shifted. In early 2024, WTI crude prices averaged $77$80/bbl , whereas by Q2 2025, prices have softened to $60$70/bbl.
The oil and gas industry navigates a transformative 2025 period shaped by strategic consolidations, maturing resource plays, and shifting market fundamentals. Dan Pickering, chief investment officer of Pickering Energy Partners, provides a nuanced look at the trends and challenges shaping the sector, supported by key numbers and forecasts.
In todays lower-for-longer oil price environment, U.S. oil executives are framing the push for innovation and structural cost reductionand whether the momentum can last. Nick Olds, EVP Conclusion: Is $40 Oil the New Normal? shale operators must be relentless in their pursuit of cost efficiency. Below, we unpack how top U.S.
crude price differential has narrowed to under $10/bbl Alberta gains ~$740M in revenue for every $1 improvement in the differential Will this Crown-owned asset pay off? It could be a long-term tool for Canadian energy security and Indigenous participation. Some believe it will if it operates for decades to come. And with the U.S.
oil and gas industry is experiencing one of its most transformative periods. oil & gas basins , the leading companies , and market trends using the latest data and forecasts. 2025 Forecast Projected Crude Oil Output: 6.6 Exxon, Chevron, and Shell Are Betting on Carbon CaptureIs It the Future? We analyze major 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. Bcf/d by 2026.
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. These discoveries have contributed to adding a total expected reserve (proven and probable) estimated at approximately 35 million barrels of oil equivalent (mmboe).
Realized Pricing: Oil: $70.48/bbl bbl Natural gas: $1.35/Mcf bbl Cash and Capital Metrics: Cash capex : $501 million Adjusted operating cash flow : $961 million Net cash from operations : $898 million Controllable cash costs : $7.54/boe The upside in natural gas was driven by elevated ethane rejection.
The $275 million deal , believed to involve Arrow S Energy Operating , adds 120 new 3-mile-lateral drilling locations to EOGs oily Eagle Ford inventory. Trasko Development Potential: Long Laterals, Modest PDP The existing ASE South leaseproducing 2,0003,000 boe/d (85% oil)is expected to be a launching pad for longer wells.
As Russian troops were massing on Ukraine’s border back in February, I wrote Russia Is A Major Supplier Of Oil To The U.S. oil imports in late 2021 – a significant number. Replacing that oil will put additional upward pressure on global oil prices, virtually assuring that oil will exceed $100/bbl if the situation further escalates.”
TSX: WCP) stands at the forefront of efficiency-driven growth in the Canadian energy sector. share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x billion Funds Flow: $1.65
This was part of a global 20% increase in production, fueled by: The Pioneer Natural Resources acquisition Continued development in the Permian Basin Structural cost savings and operational efficiencies Permian production alone helped add 767,000 barrels of oil equivalent per day (boe/d) to Exxons total output, a significant portion of its 4.55
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. billion in Q1 2024, impacted by lower realized oil and gas prices and adjusting items.
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. Bcf/d by 2026.
OilPro is constantly on the lookout for new solutions that help those in the oil & gas business do business better. Investing in renewable energy sources to diversify their energy portfolio. Depending on site conditions, condensate can blend into sales oil or sold as NGLs.
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. On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values.
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 by 2035 assuming a real oil price of US$70 per barrel (WTI). million b/d.
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