article thumbnail

ConocoPhillips’ New Zia Hills Facility Cuts Costs, Footprint & Emissions

Oil Gas Leads

Hal Mead , Asset Manager: Project completed on time, under budget, with no injuries. 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.

BBL 52
article thumbnail

Prairie Operating Co. secures strong cash flow with strategic hedging program ahead of market downturn

Oil & Gas 360º

bbl WTI and $4.28/MMBtu This well-timed risk management initiative secures strong pricing, enhances visibility, and reinforces the Companys commitment to capital discipline and long-term value creation. bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu Key Hedging Terms: Remaining 2025 Production: $68.27/bbl

Operator 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Enverus EVOLVE: Creating the future of energy with AI, intelligence and innovation

Enverus

Asset Optimization: Permian inventory is increasingly scarce, with seven operators controlling 71% of remaining sub-$50/bbl inventory. In total, EVOLVE welcomed attendees from more than 350 energy companies, including oil and gas operators, financial institutions, midstream firms, oilfield service providers and renewable energy developers.

Energy 130
article thumbnail

Reusing produced water

Oilfield Technology

It was costing up to US$10/bbl to ship PW to out of state SWDs because Pennsylvania had only nine permitted SWDs. The development of salt tolerant fracking chemistry was a game changer for managing PW in the Marcellus. Pipelines, water storage lagoons, and treatment plants, quickly came online to manage PW at scale.

article thumbnail

Top 5 Strategic Priorities for Permian Resources in 2025

Oil Gas Leads

With a strong footprint in the Delaware Basin and a management team unafraid to act decisively, the remainder of 2025 looks poised to deliver focused growth. 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.

E&P 52
article thumbnail

Amid Low Prices and Rising Costs, U.S. Oil Patch Faces a Challanges

Oil Gas Leads

61% said they would decrease drilling if oil prices stay at $60/bbl. Water Management as a Growing Constraint Produced water disposal is becoming a serious cost and logistical issue. Quote: “Water management is a potential disaster waiting to happen.” Nearly 50% of executives plan to drill fewer wells in 2025 than anticipated.

Oil 52
article thumbnail

Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

Non-GAAP financial measures and ratios are used internally by management to assess the performance of the Company. Management uses this metric to isolate the revenue associated with the Companys production after accounting for the unavoidable cost of blending. McDaniel & Associates Consultants Ltd., and www.strathconaresources.com.

BBL 130