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Now, Pantheon is refocusing its efforts on the Dubhe-1 appraisal well, targeting the Ahpun Topset horizon , a reservoir with 282 million barrels of liquids and 804 Bcf of gas , according to a June 2024 report by Cawley Gillespie & Associates. The Nabors 105AC rig is currently mobilizing to the site.
CEO Ryan Lance has highlighted AI as a major new demand driver. With over 1 Bcf/day of associated gas and $70–100 million per year in electricity costs, Diamondback sees BTM power as a margin-enhancing strategy. CEO Travis Stice explained the motivation simply: “We’re figuring out how to turn that gas into more value for shareholders.”
“The decision to perform a novel perforation and acidisation completion has been very much vindicated, and the potential for further optimisation of the project is exciting. Management estimates of gas estimated ultimate recovery (EUR) for the State 36-2R well range from 4-6 billion cubic feet (“BCF”) (0.9
The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. Bcf/d in 2025. Scheduled for completion in early 2028 , with expansion potential beyond 400,000 bpd. LNG exports , which are expected to increase from 16 Bcf/d today to nearly 30 Bcf/d in the coming years.
billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). EOG also launched the 1 Bcf/d Verde Pipeline, linking Dorado gas directly to the major Agua Dulce gas hub, enhancing market access. Bcf/d in 2024 to over 26.8
billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). EOG also launched the 1 Bcf/d Verde Pipeline, linking Dorado gas directly to the major Agua Dulce gas hub, enhancing market access. Bcf/d in 2024 to over 26.8
In 2024, Ecopetrol invested $880 million into drilling new wells, with 91 wells planned for completion in 2025. Bcf/d of takeaway capacity. Bcf/d , reflecting the impact of expanded takeaway capacity and rising demand for LNG exports. in LNG infrastructure expansion, with several new projects advancing toward completion in 2025.
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