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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.
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl bbl WTI and $4.28/MMBtu MMBtu Henry Hub HOUSTON, TX, April 10, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu About Prairie Operating Co. Prairie Operating Co.
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). Khalda completed drilling operations for the Fox Deep-02 appraisal well.
The company’s flagship customer conference brought together more than 700 leaders, innovators and decision-makers from across the energy value chain to explore the future of energy through the lens of generative artificial intelligence, market transformation and operational excellence. operating companies.
After years of volatility and infrastructure constraints, a new wave of investment and activity is materializing—driven by strong operator sentiment, a rebound in permitting, and a long-awaited breakthrough in market access: the Trans Mountain Expansion (TMX) pipeline. Optimization + brownfield growth CNRL 810–835K ~2.8
As the shale sector enters a new phase defined by capital discipline, consolidation, and operational innovation, Permian Resources Corp. 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. For 2025, the company is targeting a 7.8%
“There really is a lot more beyond just those zones… really good targets,” — Will Hickey, Co-CEO M&A and Trade-Driven Optimization PR sees immediate value in the 4,500 non-op acres acquired, planning to trade into operated interests or form new units. 2.0B), citing cost reductions and strong cash flow performance. .”
Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. There are two primary destinations for PW from onshore operations. This could force operators to stop production in previously profitable fields. Operators worked together to form consortiums for sharing water.
(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
The Denver-Julesburg (DJ) Basin continues to stand out as one of the most consolidated and cost-effective oil and gas plays in the U.S. While it lacks the scale of the Permian or Eagle Ford, the DJ offers operators attractive breakeven costs, strong midstream infrastructure, and a strategic position for gas-weighted growth.
(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. Together with Strathconas Hamlin Terminal, Strathcona now owns and operates rail terminals servicing approximately 80% of the total current crude-by-rail volumes in western Canada, allowing for meaningful economies of scale. Tourmaline) for $291.5
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
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.
The project includes new subsea infrastructure that will increase recoverable volumes by 40 – 50 million bbl of oil equivalent. The field is operated by Equinor, with Aker BP holding a 31.6% The partnership has submitted a notification to the authorities in accordance with the existing plan for development and operation (PDO).
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. MMboe/d of production, almost 25% of their 2023 Permian output.
Permian Resources Corporation, a leading pure-play operator in the Delaware Basin, has reported strong first-quarter 2025 financial and operational results and announced a strategic bolt-on acquisition of APA Corporations Northern Delaware Basin assets for $608 million. The upside in natural gas was driven by elevated ethane rejection.
As Diamondback Energy heads into the second half of 2025, the company stands at the intersection of consolidation, capital discipline, and operational transformation. Post-Merger Integration and Synergies from Endeavor The $26 billion Endeavor Energy merger closed in late 2024 and continues to reshape Diamondback’s operational DNA.
oil and gas executives arent just reacting to the markettheyre actively redefining it. In Q1 2025 earnings calls, top influencers like Darren Woods (ExxonMobil), Ryan Lance (ConocoPhillips), and Vicki Hollub (Oxy) revealed how operators are navigating volatility, driving efficiencies, and expanding into new, high-margin markets.
(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 combined company will continue to pay Whitecap’s annual dividend of $0.73 After annual capital investments of $2.6
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. Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. According to the U.S.
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.
Genel Energy has issued a trading and operations update relating to Q1 2025. The operational performance delivered from the Tawke and Peshkabir fields, together with the significant cost efficiency, continues to set these fields apart from others in the region. By John Lee.
It is also the basin that keeps giving with operators consistently adding locations by testing new zones of the prolific basins stacked pay, said Dittmar. That year oil still averaged a relatively strong $78/bbl though, different from a move towards the lower end of its cyclical trading range that 2025 is witnessing.
(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 evaluation confirms that theCane Creekreservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in theU.S.
Unlocking the potential The countries of the region are keen to unlock the potential of their unconventional oil and gas resources. Saudi Arabia is home to the Jafurah gas field, the largest liquid-rich shale gas play in the Middle East, estimated to contain more than 200 trillion scf of gas and 75bn bbl of condensates.
With a strategic focus on capital discipline, operational optimizations, and infrastructure enhancements, Whitecap is well-positioned to navigate commodity price volatility while delivering strong production growth and shareholder returns. share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x
Results summary ($ 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 Operating loss (52.4) (10.3) Cash flow from operations 66.9 Basic LPS from continuing operations ( per share) (22.5) (6.1)
2020: Both Permian and non-Permian output dropped sharply due to WTI < $50/bbl and COVID-19. Tight Oil Boom Since 2010 appeared first on Oil Gas Leads. Tight Oil Boom Since 2010 appeared first on Oil Gas Leads. Price Sensitivity & Recovery Patterns 20152017: Non-Permian tight oil production declined due to low prices.
Facility Transfers to Ring Energy: Recent TCEQ filings reveal the operational transfer of legacy Whiting assets (e.g., Complements existing Shafter Lake operations. Competitive breakevens sub-$40/bbl support cash flow. Ensures regulatory compliance, environmental oversight, and operational accountability. Chord Energy).
The oil and gas industry navigates a transformative 2025 period shaped by strategic consolidations, maturing resource plays, and shifting market fundamentals. With M&A activity accelerating, companies are securing inventory and refining their operations to meet future demand. Currently, at $2.75/MMBtu,
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. Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. According to the U.S.
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. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. Regional Context: Atascosa Activity Snapshot Company Feb.
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 Additionally, 60 recompletion operations were carried out, resulting in an achievement rate of 87% for crude oil and condensates, and 86% for natural gas.
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? Some believe it will if it operates for decades to come. Indigenous groups like Project Reconciliation remain interested in ownership. And with the U.S.
The company started the year with 9 active rigs , scaled back to 7 rigs by the end of Q1 , and plans to operate just 6 rigs for the remainder of the year. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds. Takeaway : U.S.
issued by the UK's Financial Conduct Authority ('DTR 4.3A') and in accordance with The Reports on Payments to Governments Regulations 2014 (as amended in 2015) (the 'UK Regulations') and our interpretation of the Industry Guidance on the UK Regulations issued by the International Association of Oil & Gas Producers.
shale operators must be relentless in their pursuit of cost efficiency. That level of performance is only possible through structural cost reductions across drilling, fracing, facility development, and production operations. operators are proving that shale can surviveand thriveat $40 breakevens. The top U.S.
mud tanks are important rig components that are used for storing mud for oil and gas drilling operation. Degasser It is located on down stream of shale shaker on mud tank a nd is used to remove any entrap gas in mud while controlling gas kick Agitator Are used to agitate mud to prevent settling down of solids from mud.
Drilling rig operation report also called daily drilling report or DDR contain several acronyms. Let see some mostly used acronyms in oil and gas drilling rig operational game plan and daily drilling report. These acronyms minimize drilling report size and make it easy to read and understand.
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”? These operate in a narrow band as they cannot over-draw. API 650 Guideline 2,500 Bbl tanks and then truck them to site. The shipping costs tend to exceed fabrication costs.
OilPro is constantly on the lookout for new solutions that help those in the oil & gas business do business better. Our VET process (venturi-ejector technology) We use disposal water as the motive fluid to entrain & compress gas. Once installed the site can have conditioned fuel gas for on-site power generation.
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. Natural Gas Production: 25.8 Exxon, Chevron, and Shell Are Betting on Carbon CaptureIs It the Future? We analyze major U.S. Bcf/d of takeaway capacity.
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
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