The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc. is making strategic moves to solidify its position in this critical region. During its Q4 2024 earnings call, ONEOK outlined significant infrastructure expansions, acquisitions, and future growth opportunities in the Permian.
Phillips 66 is making big moves in the Permian Basin, a critical hub for U.S. energy production. During their Q4 2024 earnings call, the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand.
Block 36T3S with a radius of 3 miles. The region lies approximately 23.5 miles from Midland, TX, a central hub for oil and gas operations.
ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. power demand.
ProFrac Holding Corp. (NASDAQ: ACDC) has set an ambitious course for 2025, leveraging next-generation hydraulic fracturing technology and its newly launched Livewire Power division to drive operational efficiency and growth.
The oil and gas industry thrives on data, and understanding well permit trends and drilling activity is crucial for business development and operational planning. This blog provides insights into the latest well permits and drilling activity in Block B21, Crane County, TX, based on a dataset of 74 well permits issued in 2024 and 2025.
The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. A combination of rising energy prices, stable production, and economic expansion has positioned the region as a key driver of the U.S. oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector.
As we enter 2025, Whitecap Resources Inc. (TSX: WCP) stands at the forefront of efficiency-driven growth in the Canadian energy sector. With a strategic focus on capital discipline, operational optimizations, and infrastructure enhancements, Whitecap is well-positioned to navigate commodity price volatility while delivering strong production growth and shareholder returns.
The latest Baker Hughes rig count shows a significant boost in U.S. drilling activity, with Oklahoma adding five rigs, marking its highest count since May 2023. This increase contributed to a four-week uptrend, pushing the total U.S. rig count to 592, the highest since June 2024.
The midstream sector has seen a wave of strategic acquisitions as major players continue to expand and optimize their infrastructure. From crude oil and natural gas liquids (NGL) pipelines to produced water handling, these deals highlight the ongoing efforts to enhance transportation and processing capabilities. Here’s a breakdown of the key midstream acquisitions shaping the industry.
