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Bcf of Remediated Mine Gas (RMG), and expects to process 17–18 Bcf of RMG in 2025. CNX Resources continues to demonstrate why it’s one of the most resilient and forward-thinking players in the U.S. natural gas sector. billion since launching its seven-year plan in 2020. The company repurchased 3.7 million shares repurchased.
From Majority Stake to Full Ownership Following the completion of the initial transaction, EQT intends to file a mandatory public offer to acquire the remaining shares at the same price and pursue a squeeze-out and delisting of Waga Energy from the Euronext Growth Paris exchange. The transaction price of €21.55
billion cubic feet per day (Bcf/d) of natural gas from northeast British Columbia to the Canada-U.S. During the earnings call, CEO Greg Ebel said he was “completely enthused” by the growing political focus on energy infrastructure development in both Canada and the U.S. Previous agreements include a C$1.12 In May 2025, Enbridge Inc.
When completed, the project will supply 125 billion standard cubic feet (Bcf) per day of natural gas to the domestic market, Petrovietnam said in a news release. When completed, the project will supply 125 billion standard cubic feet (Bcf) per day of natural gas to the domestic market, Petrovietnam said in a news release.
billion, marks Brookfield’s complete exit from NGPL and positions ArcLight as the pipeline system’s largest stakeholder. Its infrastructure includes 1 million horsepower of compression capacity and 288 billion cubic feet (Bcf) of storage. The transaction, which reflects a total enterprise value of $1.7 Kinder Morgan retains its 37.5%
This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. The new wells are expected to produce approximately 220 billion cubic feet (bcf) of natural gas and 7 million barrels (mmbbls) of condensate.
This is normally completed through an addendum or “special provisions.” According to the Texas Supreme Court, “Texas was fewer than five minutes away from a total grid collapse that would have plunged the state into darkness for weeks, maybe months.” ” PUC of Tex. Luminant Energy Co. LLC , 691 S.W.3d
The expansion project includes three additional storage caverns, each with approximately 10 billion cubic feet (Bcf) of working storage capacity, as well as incremental expansion of the hub’s existing caverns, according to Enstor. Bcf of additional working gas capacity and up to 0.7 Bcf, which is roughly 2.5
Refracs & EOR Gaining Traction Operators are increasingly revisiting older wells with modern completions. Bcf/d in North Dakota, pipeline capacity constraints persist, risking elevated flaring unless takeaway capacity expands. Infrastructure Limits Natural Gas Growth With natural gas production nearing 3.2
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 well was suspended, and shares dropped to 20.65
Operational Innovation: Doing More with Less From drilling to completions, the U.S. Devon Energy improved completions efficiency by 12%. This is capital discipline in action: fewer moving parts, smarter execution, and stronger margins. ConocoPhillips is using AI to optimize drilling decisions in real time.
“We currently have long-term contracts to move almost 8 billion cubic feet per day of natural gas to LNG facilities and, upon completion of projects under construction, that amount is expected to grow to almost 12 Bcf/d by the end of 2028”, said chief executive Kim Dang. trillion Btupd. Its products pipelines transported 1.02
The Company is completing final due diligence, and the appointments are expected to reinforce the Company’s governance and long-term growth strategy. Bcf of proved and probable helium reserves sourced alongside natural gas production. Will Gray II, CEO of New Era Helium, Inc., New Era Helium, Inc.
The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. We expect that domestic consumption and exports combined will increase by nearly 4 Bcf/d this year, while U.S.
LLC in Louisiana, complete authorization to export to countries without a free trade agreement (FTA) with the United States, Commonwealth said Wednesday. billion cubic feet (Bcf) a year or 1.21 Bcf per day, to both FTA and non-FTA countries. The offtake agreements involve four million metric tons per annum (MMtpa).
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. ConocoPhillips: Exploring the Market and Forming New Alliances While not yet developing its own BTM project, ConocoPhillips is actively evaluating data center partnerships.
Just six months after launching Phase I of its state-of-the-art 24 Bcf gas storage facility in Anderson County, East Texas, the company has continued expanding with momentum—and a clear focus on reliability, capacity, and innovation. Trinity Gas Storage, LLC is at the forefront of a new era in Texas energy resilience.
“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
Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport natural gas from multiple points in the Permian Basin to the Rockies Express pipeline and other points of delivery. Tallgrass said May 13 the agreements are sufficient to financially justify construction of the pipeline project.
billion cubic feet (BCF) natural gas and 66.5 BCF natural gas and 53.2 The complete resource evaluation can be downloaded from SEDAR+. The CHPE best estimate for Contingent Resource volumes (2C Development Pending) is 627.4 million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked).
Bcf/d of gas. Bcf/d based on demand. Permit #180236 China Lake Compressor Station Details Information Project ID 393531 Status Complete Facility Name China Lake Compressor Station County / Region Glasscock / Region 07 Midland Location From the intersection of Hwy 158 and Hwy 33 in Garden City, TX, go west 3.6
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. The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc.
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 and is set to commence operations in the first quarter of 2027, pending regulatory approvals. Bcf/d capacity project. Bcf/d capacity project connecting the Permian Basin to the Agua Dulce hub. It is scheduled for completion in late 2026. It is scheduled for completion in late 2026. energy demands.
Production Holds Steady Natural gas production: 115 Bcf Oil production: 10 Mbbls Total production volume: 115.1 Bcfe While volumes were slightly down YoY due to timing of completions, the resumption of activity in late 2024 and high initial production rates from new wells promise stronger volumes ahead. Mcf before hedging, $3.52/Mcf
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.
Precision is strategically positioning its fleet to capitalize on 13 Bcf/d of LNG export capacity coming online over the next five years. The company also announced a $25 million cut to its 2025 capital budget , now set at $200 million , reflecting a conservative approach to market dynamics. Operational Highlights: Canadian Rigs Steady, U.S.
On Thursday Commonwealth said it had completed the permitting process before the United States Department of Energy (DOE), allowing it to deliver to both FTA and non-FTA countries. billion cubic feet (Bcf) a year or 1.21 Bcf per day. JOGMEC said it steps in when private companies in Japan face difficulties in procuring fuel.
Key Metrics Value Implication Permian Base Decline 3040% annually Constant drilling needed Well Productivity Plateauing New wells Stability DUC Inventory Shrinking No cushion left Permian Output (20252029) +67 Bcf/d forecast Midstream banks on it Even modest slowdowns have a compound impact. Its a factory model.
Moving an expired 5 BCF PUD 100 feet to a new location, and disguising it with a new well name, is a violation. Moving an expired 5 BCF PUD 100 feet to a new location, and disguising it with a new well name, is a violation. Fact or fiction? You can restart an expired PUD if it is not booked (sits out) for one year.
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. Exxon, Chevron, and Shell Are Betting on Carbon CaptureIs It the Future? 2023 Production: ~6.0
JULY Energy Transfer Completed its Acquisition of WTG Midstream Holdings Energy Transfers completion of its acquisition of WTG Midstream added approximately 6,000 miles of gas-gathering pipelines that extend Energy Transfers network in the Midland Basin. Bcf/d, and two additional processing plants that are under construction.
New Era will provide natural gas under a20-year fixed-price agreement(five-year base + three five-year options), ensuring cost stability for the data center.The projects first phase is slated for completion in late 2026. billion cubic feet (BCF)of proved and probable helium, with $113 million in committed sales via 10-year contracts.
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