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Read more Natural gas dominance unchallenged in global energy landscape Summary : According to the 2025 Statistical Review of World Energy, global natural gas production hit a record 398 Bcf/d in 2024, with the U.S. The liquefied natural gas (LNG) market has been a key driver, tripling since 2010, with the U.S.
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
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. With strong positions in the Eagle Ford and Dorado plays, EOG plans to grow gas output by 10–12% in 2025.
Management estimates of gas estimated ultimate recovery (EUR) for the State 36-2R well range from 4-6 billion cubic feet (“BCF”) (0.9 BCF/1000 feet (‘) of perforated interval) and between 160,000 and 240,000 barrels of condensate, equivalent to a total range of 0.827 to 1.24 (the “Paradox project”).In
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 2025. LNG exports , which are expected to increase from 16 Bcf/d today to nearly 30 Bcf/d in the coming years. As ONEOK continues to integrate its recent acquisitions and optimize operations, the Permian Basin remains a core driver of its success. The Permian Basin continues to be a driving force behind U.S.
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.
Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S. Weve seen 10 Bcf of growth over the last four or five years out of the Permian. Bcf/d from Waha, TX, to Maypearl, TX. Bcf/d capacity) expected online by late 2026. Bcf/d) under consideration.
With 6,000 wells drilled in 2024 , this region remains the largest driver of U.S. We’ve seen 10 Bcf of growth over the last four or five years out of that basin. has added 16 Bcf/d of LNG export capacity , expected to reach 30 Bcf/d soon. energy production growth. Why the Permian? ” Marshal S.
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? oil and gas industry is experiencing one of its most transformative periods. 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d , a 0.3
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