Remove BBL Remove Gas Remove Upstream
article thumbnail

WTI and Permian Gas Price Trends

Permian Basin Oil and Gas Magazine

Energy Information Administration (EIA) raised its mid-year forecast accordingly and now expects WTI to gradually decline to $59/bbl by December 2025, and slide further into the low $50s— ending at roughly $53/bbl by late 2026. The basis differential to Henry Hub remains wide, with prompt Waha strip trading between –$2.00

Gas
article thumbnail

Neuquén basin production grows, accounts for over 70% of Argentina’s oil and gas output

Oil & Gas Journal

In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of natural gas. On a national scale, shale oil accounts for 60% of total output, while tight and shale gas combined make up 65% of Argentina ’ s gas production.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Union Jack Oil plc sign farm-in agreement with Reach Oil and Gas for the Sark Drilling Project

Oilfield Technology

3D supported Sark well will drill a dip and fault closed large structure of 156 acres area and 40 ft relief Estimated recoverable resources of 1 440 000 bbls of oil gross. 3D supported Sark well will drill a dip and fault closed large structure of 156 acres area and 40 ft relief Estimated recoverable resources of 1 440 000 bbls of oil gross.

Oil
article thumbnail

Azule Energy starts production from Agogo FPSO

Oil & Gas Journal

The fields have combined estimated reserves of about 450 million bbl with projected peak production of 175,000 b/d produced via the Agogo and Ngoma FPSOs. About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. The Agogo FPSO has a production capacity of 120,000 b/d of oil.

article thumbnail

Reusing produced water

Oilfield Technology

Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. 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.

article thumbnail

Union Jack Oil plc announce resumption of production at Keddington Oilfield

Oilfield Technology

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. Please sign in or register for free.

article thumbnail

Chevron’s Permian production tops 1 million boe/d, executives shift focus to cash flow

Oil & Gas Journal

June 26, 2025 76827000 © Rawpixelimages | Dreamstime.com Podcasts ICYMI: Chevron closes Hess deal, whats next for 2025 upstream M&A? The company’s average realized price for US upstream liquids was $47.77/bbl bbl versus $59.85 The company’s average realized price for US upstream liquids was $47.77/bbl