Permian Basin Oil and Gas Magazine

JULY 15, 2025

Crude oil and refined petroleum product imports combined accounted for about 84 percent of U.S. fall to 40-year low in 2024 appeared first on Permian Basin Oil and Gas Magazine. total energy imports were about 22 quadrillion British thermal units in 2024 and have been relatively flat since 2021.

Energy

Oilfield Technology

AUGUST 11, 2025

The Liza Phase 1, Liza Phase 2 and Payara Project in Guyana’s Stabroek Block have commenced production, with the block currently producing approximately 650 000 bpd of crude oil. CNOOC Petroleum Guyana Ltd, a wholly owned subsidiary of CNOOC Ltd, holds 25% interest in the Stabroek Block. Please sign in or register for free.

Hydraulic Fracturing

Oilfield Technology

JULY 28, 2025

According to data collected by the US Department of the Interior’s Office of Natural Resources Revenue, onshore crude oil production from federal lands reached 1.7 Most of this growth was in New Mexico from crude oil produced from federal lands in the Permian Basin. million bpd in 2024, a record high.

Crude Oil

Permian Basin Oil and Gas Magazine

JULY 1, 2025

crude oil production reached a record of 13.47 EIA said in Texas, the nation’s top producing state, oil production increased by 1.8 oil output hits record 13.47 million b/d appeared first on Permian Basin Oil and Gas Magazine. Energy Information Administration. That topped the record of 13.45 percent to 5.77

Oil

Permian Basin Oil and Gas Magazine

JUNE 6, 2025

First quarter production was 42,100 boed (18,900 b/d of crude oil). billion deal appeared first on Permian Basin Oil and Gas Magazine. Sitio’s assets included 25,300 net royalty acres in the Permian Basin and 9,000 additional net acres in Eagle Ford, DJ and Williston basins.

Royalty

Permian Basin Oil and Gas Magazine

JULY 8, 2025

District Court alleging that some of the nation’s largest oil producers have colluded in recent years to artificially increase the price of crude oil. The post Lawsuits against producers for inflating prices combined in federal court in NM appeared first on Permian Basin Oil and Gas Magazine.

Crude Oil

Permian Basin Oil and Gas Magazine

JUNE 6, 2025

Onshore crude oil production in U.S. Energy Information Administration, driven by growth in tight oil production in Permian Basin. Onshore production includes both legacy oil production primarily from vertically drilled wells and newer tight oil production primarily from horizontally drilled wells.

Basin

Permian Basin Oil and Gas Magazine

JUNE 27, 2025

Geological Survey that shows significant increases in undiscovered crude oil and natural gas under federally managed U.S. Estimates are 8.926 billion barrels of oil and 85,393.7 million barrels of oil and 16,776.9 Department of Interior last week released a report from U.S. public lands.

Oil

Oil & Gas Journal

AUGUST 7, 2025

Excluding items affecting comparability, the decrease in second quarter oil and gas income, compared with first-quarter 2025, was due to lower commodity prices, partially offset by higher crude oil volumes and lower lease-operating expense. For second-quarter 2025, average WTI and Brent marker prices were $63.74/bbl

BBL

Oilfield Technology

AUGUST 4, 2025

Read the article online at: [link] You might also like MOL Group and KazMunayGas sign oil trading agreement Tuesday 05 August 2025 11:30 MOL Group continues to diversify oil supply in the region: the company has imported 85 000 t of CPC blend crude oil and signed an oil trading agreement with Kazakhstans national oil company, KazMunayGas (KMG).

Exploration and Production

Permian Basin Oil and Gas Magazine

AUGUST 12, 2025

based Delek Logistics Partners said last week it completed construction of its new Libby 2 natural gas processing plant and other crude oil and water gathering projects.  The post Delek completes construction of Libby 2 processing plant in Delaware Basin appeared first on Permian Basin Oil and Gas Magazine.

Basin

Permian Basin Oil and Gas Magazine

JUNE 13, 2025

One of the largest integrated energy infrastructure companies in North America, ONEOK operates a 60,000-mile pipeline network to transport natural gas, NGLs, refined products and crude oil. The post ONEOK acquires remaining 49 percent interest in Delaware Basin JV appeared first on Permian Basin Oil and Gas Magazine.

Basin

Oil & Gas Journal

AUGUST 4, 2025

This biorefinery will be equipped to flexibly process about 650,000 tpy of waste and residue biofeedstocks—including vegetable oils, animal fats, and waste from the processing of vegetable oils—into SAF and HVO by second-half 2028 ( OGJ Online, Jan. 14, 2025 ).

Exploration and Production

Oil & Gas Journal

JULY 30, 2025

million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. US crude oil refinery inputs averaged 16.9 of capacity.

BBL

Oil & Gas Magazine

JULY 2, 2025

Crude oil prices peaked early in 2012.” Informe de estímulos fiscales a combustibles 2022 (citado en El Informador , 17/01/2023: “Esto costó el subsidio para contener el gasolinazo en 2022” ). Detalla que se destinaron 373 mmdp en 2022 a subsidios de IEPS para mantener precios de gasolina, ante petróleo >$100.

E&A

Oilfield Technology

AUGUST 5, 2025

Read the article online at: [link] You might also like MOL Group and KazMunayGas sign oil trading agreement Tuesday 05 August 2025 11:30 MOL Group continues to diversify oil supply in the region: the company has imported 85 000 t of CPC blend crude oil and signed an oil trading agreement with Kazakhstans national oil company, KazMunayGas (KMG).

Field

Permian Basin Oil and Gas Magazine

JULY 14, 2025

Senate Bill 1806 addresses regulations concerning the inspection, sale, and management of petroleum products, oil and gas equipment, and oil and gas waste. It amends existing criminal procedures and establishes new definitions and procedures particularly focused on petroleum products, such as crude oil and condensate.

IT

Oilfield Technology

JULY 23, 2025

An Independent Expert Report completed by Cawley Gillespie & Associates in June 2024 estimates the primary target to contain a 2C Contingent Resource of 282 million barrels of ANS Crude (oil, condensate & NGLs) and 804 billion ft3 of natural gas. Please sign in or register for free. Already a member?

Spud-in

SHALE Magazine

JUNE 23, 2025

The post Why Oil Prices Dropped After Iran’s Missile Strike appeared first on Shale Magazine.

Oil

Permian Basin Oil and Gas Magazine

JULY 1, 2025

Crude oil drivers for Sunoco Logistics Partners (also known as Energy Transfer ) have successfully forced United Steelworkers (USW) union bosses out of their work unit, according to a statement issued on May 20 by the The National Right to Work Legal Defense Foundation.

Drivers

POWER Magazine

OCTOBER 4, 2023

today is produced as a byproduct of natural gas processing and crude oil refining, which are not considered “green” technologies. However, renewable propane availability […] The post Reducing Carbon Intensity with Renewable Propane appeared first on POWER Magazine. Most propane used in the U.S.

Crude Oil

Permian Basin Oil and Gas Magazine

APRIL 18, 2025

Energy Information Administration said April 10 the nations crude oil exports reached a record in 2024. But despite the record, growth of crude oil exports year-over-year slowed to 1 percent in 2024 compared with 14 percent in 2023 and 21 percent in 2022. Crude oil production in U.S. crude oil exports.

Crude Oil

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

Texas produced 2.003 billion barrels of crude oil in 2024 a record volume, according to Railroad Commission of Texas, and the first time for the state to top 2 billion barrels in one year. The commission said March 26 that Texas produced 2,003,844,281 barrels of oil to better the recent records of 1.99 billion barrels in 2019.

Natural Gas

Permian Basin Oil and Gas Magazine

MAY 23, 2025

crude oil production next year. A combination of slowing global oil demand fueled by uncertainty over U.S. oil production later this year and could lead to an annual decline next year. The forecasts are included in the latest Global Crude Oil Markets Short Term Outlook.

Crude Oil

Permian Basin Oil and Gas Magazine

APRIL 25, 2025

crude oil production grew by 270,000 barrels per day in 2024 to average 13.2 EIA reported, In 2024 the Permian region … produced more crude oil than any other region, accounting for 48 percent of total U.S. crude oil production. crude oil production. oil production grows to 13.2

Crude Oil

Permian Basin Oil and Gas Magazine

MAY 23, 2025

retail gasoline prices going into Memorial Day weekend are 14 percent lower than last year primarily because crude oil prices have fallen. Substantially lower crude oil prices which are the main component of retail gasoline prices have kept retail gasoline prices lower than usual going into spring.

Crude Oil

Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

Crude Oil

Permian Basin Oil and Gas Magazine

MAY 13, 2025

First quarter production was 174,967 barrels of crude oil per day and 373,200 boed. appeared first on Permian Basin Oil and Gas Magazine. Permian Resources expects to turn in line 275 gross wells down from the forecast of 285 earlier this year and in line with 2024 levels.

Basin

Permian Basin Oil and Gas Magazine

MAY 30, 2025

Civitas said May 8 that production guidelines this year remain at 330,000 boed and 152,500 barrels per day of crude oil. First quarter production was 311,000 boed (down 14 percent from 4Q) and 141,000 b/d of oil (down 12 percent from 4Q) from its operations in Permian Basin and DJ Basin. billion to $1.9 billion for 2025.

Basin

Permian Basin Oil and Gas Magazine

MAY 20, 2025

Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil gathering system of Black Knight Midstream. The post Plains All American Pipeline acquires Black Knight Midstream in Midland Basin appeared first on Permian Basin Oil and Gas Magazine. The $55 million deal closed May 1.

Midstream

SHALE Magazine

MAY 19, 2025

Oil Production Faces Slowdown in 2025 appeared first on Shale Magazine. The post U.S.

Oil

Permian Basin Oil and Gas Magazine

MAY 9, 2025

million barrels per day of NGLs, crude oil, refined products and petrochemicals. The post Enterprise reports increase in throughput volumes in first quarter appeared first on Permian Basin Oil and Gas Magazine. Total fee-based natural gas processing volumes increased 12 percent or 760 million cfd to a record 7.2

Natural Gas

Permian Basin Oil and Gas Magazine

APRIL 11, 2025

Oasis TDS, a proprietary process, is a water treatment and desalination solution for reuse and mineral extraction applications for produced water from crude oil and natural gas wells. The post TETRA, EOG to use Oasis TDS to process produced water in west Texas appeared first on Permian Basin Oil and Gas Magazine.

Basin

SHALE Magazine

APRIL 22, 2025

The post Alaska Oil Lease Ruling Reinstates Drilling Rights in ANWR appeared first on Shale Magazine.

Oil

Energy Transfer

DECEMBER 10, 2024

According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This has occurred even as our country continues to produce more crude oil than any other nation ever has. have fallen 44 percent since 2011. Also of note are advancements U.S.

Gas

Permian Basin Oil and Gas Magazine

JUNE 1, 2025

Prices rose in late December and early January on concerns over a potential reduction of Russian crude oil supplies when the United States imposed a new round of sanctions on Russias energy sector. The post Eagle Ford Production Edges Downward appeared first on Permian Basin Oil and Gas Magazine. in mid-March.

Natural Gas

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

percent severance tax on crude oil, effectively increasing the rate by nearly 27 percent, Robertson detailed. 548reducing the crude oil severance tax rate to 3.43 Meredith Dixon, vice chair of House Appropriations & Finance. As originally proposed, H.B. 548 would have added an additional 0.85 Ultimately, however, H.B.

Royalty