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(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. The latest data for the year 2024 show the methane emissions intensity of upstream oil and gas operations in the region to be 0.44% per barrel of oil equivalent—a 29% reduction from the previous year.
per share, as the company achieved its highest second-quarter upstream production since the merger of Exxon and Mobil more than 25 years ago. Exxon’s upstream earnings at $5.4 billion from the first quarter, due to lower crude and naturalgas realizations. Permian shale basin and offshore Guyana. billion were down by $1.4
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by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstream explorer' in the company's latest Annual Exploration Summit Survey. At the time of writing, none of the above have responded to Rigzone.
Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. Producers last month also paid $227 million to the state in naturalgas production taxes, up 26 percent from May 2024.
oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in naturalgas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.
First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was naturalgas. First quarter 2025 average production was approximately 60 Mboe/d, of which 6% liquids, 94% was naturalgas. Key Highlights Attractively Priced and Immediately Accretive to Cash Available for Distribution $1.3
Mach Natural Resources (Mach Resources) – Mid-Continent Focus Mach Natural Resources (NYSE: MNR), led by CEO Tom L. Ward, is an upstream LP focused almost entirely on the Mid-Continent. MBOE/d (24% oil, 52% naturalgas, 24% NGL), generating $241 million in revenue for the quarter.
Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year.
(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026.
(Oil Price) –Naturalgas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 billion in a deal that would bolster EQTs inventory in the Marcellus and Utica shale gas regions. Source: Yahoo News The total consideration of $1.8 By Tsvetana Paraskova for Oilprice.com
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gasupstream midstream downstream?
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values.
The Acquired Assets include digitally enhanced mobile naturalgas conditioning and distribution units providing real-time gas monitoring and dual fuel optimization for remote, behind-the-meter power generation with applications across multiple markets. ProFrac Holding Corp. SOURCE Flotek Industries, Inc.
upstream M&A reaching $105 billion in 2024the third highest as recorded by Enverusthe market shows no signs of slowing down, with high price tag deals being driven by the scarcity of high-quality inventory. Fill out the form below to learn more: About Enverus Intelligence | Research Enverus Intelligence | Research, Inc.
For investors, this sector offers diverse opportunities, ranging from upstream exploration to downstream refining and distribution. Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources.
This is an enormous opportunity as we grow bps oil and gas business and fully aligned with our strategy of strengthening our upstream portfolio. Together with our partners, we aim to deliver world-class operations, combining deep local knowledge with our expertise in managing giant fields and safely executing major projects.
Brent Crude $78.03 +1.73% NaturalGas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas Gets New Block offshore Suriname by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 7:53 AM EST The new acreage lies next to Petronas' Block 52, which contains the Fusaea, Roystonea and Sloanea discoveries.
Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and naturalgas production from the Ballymore subsea tieback project, located in the deepwater Gulf of America. holding a 60% working interest, with TotalEnergies E&P USA, Inc. owning the remaining 40%.
Production and Operations Performance Oil and gas output was resilient, underpinned by high asset reliability. BP achieved upstream plant reliability of 95.4%, one of its best on record, and refining availability at 96.2%. billion in Q1 2024, impacted by lower realized oil and gas prices and adjusting items. shale basins.
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