During the BP Q1 2024 Results Call, Murray Auchincloss and Kate Thomson provided several updates and insights regarding BPX operations in the Permian Basin: Oil & Gas Data Download BPX Wells Drilled Since 2023 BPX Permian Basin Plan Murray Auchincloss expressed confidence in BPX’s growth and productivity, highlighting the strong…
The increasing gassiness of the Permian Basin poses challenges for upstream oil production but presents significant opportunities for midstream companies.
According to Statista, the break-even WTI oil prices for existing wells in the Delaware and Midland sub-basins are $31 per barrel and $38 per barrel, respectively. For new wells, the break-even prices are $64 per barrel and $62 per barrel, respectively.
ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) have entered into a definitive agreement for ConocoPhillips to acquire Marathon Oil in an all-stock transaction valued at $22.5 billion, including $5.4 billion of net debt.
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Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP
Cenovus Energy Inc. is an integrated energy company headquartered in Calgary.
Triple Crown Resources focus is West Tecas and ranks #79 in wells drilled in 2023 with 36 wells drilled in the US.
Ensuring flow assurance in the Delaware Basin is crucial due to capacity limitations. Matador has secured firm transport agreements on takeaway pipelines to mitigate risks associated with negative pricing at Waha and ensure that their gas can be sold.
