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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
Across the shale patch, operators are pivoting toward this high-margin, high-growth opportunity. Oil & Gas US Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. CEO Ryan Lance has highlighted AI as a major new demand driver. Here’s how leading U.S.
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the BCF/1000′) and across the greater development area (0.8-2.5 the “Paradox project”).In
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026.
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.
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026.
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.
Companies are taking full control of the supply chain from gathering and processing to pipeline transportation and export terminals to streamline operations and capture higher margins. With 6,000 wells drilled in 2024 , this region remains the largest driver of U.S. ” Energy Transfer (ET) Who Are the Key Players?
Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. Bcf/d of takeaway capacity. Bcf/d , reflecting the impact of expanded takeaway capacity and rising demand for LNG exports. MMBbl/d , a 0.3
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