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
bbl compared to the Fall 2024 forecasts , largely attributed to expectations of increased production from both OPEC and U.S. production driven by pro-development policies will keep pace, preventing sustained price increases. per barrel from $61.89 per barrel in Fall 2024. This long-term projection is a modest decrease of about $1.50/bbl
bbl WTI and $4.28/MMBtu bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation.
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.
share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x Maintenance capital efficiency improvements ensure sustainable production growth. billion Funds Flow: $1.65 billion ($2.81/share) Debt/EBITDA ratio Dividends & Share Buybacks: Base dividend of $0.73/share
Industry leaders like ExxonMobil, ConocoPhillips, Chevron, Diamondback, Devon, and Occidental are racing to optimize capital efficiency while sustaining inventory quality. But as basins mature and geology becomes more challenging, the key question becomes: Can these gains be sustained, or has the industry already picked the low-hanging fruit?
billion in 2027 2029, before returning to sustaining expected capital of $0.8 All boe conversions in this press release are derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of natural gas to one barrel (bbl) of crude oil. billion in 2027-2029, before returning to sustaining expected capital of $0.8
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. While Abu Dhabi holds an estimated 220 bbl of unconventional oil and 460 Tcf of unconventional gas in place.
Torquay Waterflood Update As part of our commitment to long-term sustainability, Saturn continued to invest in our waterflood projects during the quarter. Should the WTI benchmark oil price fall to US$50/bbl, Saturns hedge book provides significant protection, having a cash value of over $160 million at that level. GJ to $3.35/GJ.
In early 2024, WTI crude prices averaged $77$80/bbl , whereas by Q2 2025, prices have softened to $60$70/bbl. While operators still hold large inventories of low-breakeven projects, sustained drilling activity is essential to offset shales steep natural declines.
Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. After annual capital investments of $2.6
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.
Some of them include: Implementing more efficient and sustainable production processes to reduce environmental impact and costs. One Bakken tank farm currently venting 300,000 SCF/d of 2,300 BTU/ft3 gas was shown to be able to achieve a condensate volume of ~ 70 Bbl/d recoverable. There are so many ways a business can accomplish this.
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. Conversely, many smaller operators are already experiencing deteriorating well performance.
We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400 bbl, with prices stabilising in a range of c.$27-$28/bbl 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bbl (2023: $40.9/bbl) bbl (2023: $5.6/bbl),
bbl Brent forecast for 2H25 for now,” Morgan Stanley commodity strategists said. However, the sustainability of low volumes at low prices is questionable, and increased oil production may become a key consideration for some OPEC members. Brent Oil Futures dropped 7.6% a barrel at 14:05 GMT, while Crude Oil WTI Futures fell 8.4%
Based on EIR’s models, sustaining prices of $65/bbl Brent in Q2, or $60/bbl WTI, imply a market imbalance of around 2 million barrels per day. The market is reevaluating its expectations, forecasting weakened oil demand amid a fragile global economy.
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