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Permian methane emissions dropped 50% in two years, analysts say

Oil & Gas 360º

oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates (large and small), according to a new analysis by S&P Global Commodity Insights.

E&P
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Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs.

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Flotek acquires innovative mobile power generation assets and secures multi-year lease providing $160 million revenue backlog and immediate earnings accretion

Oil & Gas 360º

ProFrac operates through three business segments: Stimulation Services, Proppant Production and Manufacturing, in addition to Other Business Activities. ProFrac Holding Corp. SOURCE Flotek Industries, Inc.

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Chevron Aims for 300K Barrels/Day in Gulf – Ballymore Adds First 75K

Rextag

holding a 60% working interest, with TotalEnergies E&P USA, Inc. According to Chevron, the field is expected to recover an estimated 150 million barrels of oil equivalent (gross) over its lifetime a sizable volume that contributes significantly to the companys deepwater reserves and long-term output forecasts.

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How Low Could Crude Prices Go—Or Will They Fall at All?

Permian Basin Oil and Gas Magazine

As China is still the manufacturer of the worldand thus the second-largest oil consumercontinued economic slowdown in China would negatively impact global oil demand. From an equity standpoint, the recent sales have increased the need to fund new upstream and midstream companies. And then theres China to consider.

E&P