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Mark Woodward , Reservoir Engineer: Enhanced economics justify initial investment. Excited to share a major milestone from one of the Permian Basin’s top operators— ConocoPhillips has brought its Zia Hills Central Facility 2 (CF2) online in the Delaware Basin.
This bolt-on isn’t just about expanding land—it’s about unlocking 100+ gross operated two-mile locations with shallow declines and $30/bbl breakevens. Final Takeaway Permian Resources isn’t chasing volume—it’s engineering a resilient growth model through disciplined M&A, operational excellence, and focused capital allocation.
During June 2025, Keddington produced a total of 992 bbl of oil over 23 days of timed pumped production averaging 10.4 h/d with an average flow-rate of 43 bpd gross during the period. The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production.
Oil & Gas Contact Directories Flowback Consultants and Well Testers Contact List Completions Engineer Contact List Completions Consultant Contact List Drilling Engineer Contact List Drilling Consultant Contact List The post Permian Resources Expands Delaware Basin Position with $608M APA Deal appeared first on Oil Gas Leads.
Key integration wins : Lowered corporate breakeven to $37/bbl 2–3% well cost savings via procurement efficiencies 7-day average spud-to-TD times on 13,000’ laterals The strategic goal? The combined 722,000 net acres in the Midland Basin is now one of the most enviable positions in U.S. Sustain profitability even in low-price environments.
The project includes new subsea infrastructure that will increase recoverable volumes by 40 – 50 million bbl of oil equivalent. Johan Sverdrup is the largest oil-producing field in Norway and ranks among the world’s most carbon-efficient oil fields. The field is operated by Equinor, with Aker BP holding a 31.6% working interest.
It was costing up to US$10/bbl to ship PW to out of state SWDs because Pennsylvania had only nine permitted SWDs. Only a few years back desalinating PW was projected to cost US$5-6/bbl. More recent developments in desalinating technologies are suggesting costs of US$1-2/bbl at scale. This was driven by two factors.
million bbl of oil equivalent in Triassic reservoir rocks. The well was drilled to delineate the discovery confirmed in well 6507/5-10 S (Slagugle) and to perform a formation test to gain a deeper understanding of the reservoir properties and connectivity within the hydrocarbon-bearing layers.
Oil & Gas Facility Engineer Contact Directory – $25 Buy Now Includes: Company, First Name, Last Name, Title, Location, email… 1. 61% said they would decrease drilling if oil prices stay at $60/bbl. Industry executives are sounding the alarm: without higher prices and improved regulatory support, U.S.
This is expected to add about 7,500 barrels per day (bbl/d) and increase the total production of Ras Gharib fields to 9,000 bbl/d, driven by the efforts of GPCs engineers and technicians.
So w hat to do when your client says “but I really want a Canadian-style, non-field erected, engineered, shop-built 2,500 Bbl tank”? Where in the past many such tanks would have been bolted API 12B tanks, now increasingly demands are for engineered higher pressure tanks. In this case it was a little bit easier.
The term advantaged is used repeatedly in the earnings release not as corporate jargon, but as a meaningful lens into ExxonMobils capital allocation and earnings engine. ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2024.
Financial Summary The combined company’s production forecast at closing is 370,000 boe/d (63% liquids) and based on commodity prices of US$70 /bbl WTI and C$2.00 /GJ AECO, the forecast annualized funds flow is $3.8 After annual capital investments of $2.6 billion 4 , free funds flow is forecast at $1.2 billion 1.
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.
Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025. Current estimates suggest that at $70/ bbl oil, companies hold three to seven years of drilling inventory in core zones.
2020: Both Permian and non-Permian output dropped sharply due to WTI < $50/bbl and COVID-19. 20212024: Permian recovered faster and stronger , becoming the dominant growth engine. Price Sensitivity & Recovery Patterns 20152017: Non-Permian tight oil production declined due to low prices.
. “I am also pleased to be able to announce our initial Q1 results from the Williston project which continues to perform as a cash generating engine for the wider group. The Company hedged a total of 18,000 barrels of oil (“bbls”) in Q1. net wells).
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.
Danny Wesson Through a lower share count, lower cost structure, and quality inventory, our breakeven oil price for the same free cash flow dropped $9/bbl from last year. Devon Eagle Ford Case Study We are drilling the same capital, but with double the working interest.
Haynesville (Louisiana & East Texas) LNGs Key Driver 2023-2024 Overview Unlike the Permian Basin, which primarily drives crude oil growth, Haynesville is the primary engine behind U.S. Factors Driving 2024 Prices: Geopolitical tensions in the Middle East and Russia-Ukraine conflict pushed prices above $85/bbl at times.
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