US Energy Information Administration (EIA) which in a new report said gas output from the prolific region topped a record average of 21 Bcf/D in 2022.
Permian Gas Flowing at Record Highs
Devon leads the Mid-Con pack in ‘super pad’ development
Devon highlighted the Hornet super pad development in Blaine County, Oklahoma, which it said delivered initial 30-day rates as high as 4,000 boe/d.
$900 million renewable diesel plant to be built in Lloydminster
Over $900 million is to be spent as Saskatchewan’s Covenant Energy is to build a refinery to produce renewable diesel and jet fuel on the north east edge of Lloydminster.
How Canada Could Become a Key Player in the Renewable Energy Revolution
Canada, despite not currently producing lithium, boasts a wealth of lithium resources. Mining Intelligence data reveals that there are 409 active lithium projects in the country, with 106 advanced projects accounting for over a quarter of the total.
FERC OKs TC Energy’s North Baja Pipeline Expansion
Canadian energy company TC Energy Corp’s (TRP.TO) North Baja Pipeline LLC unit has received permission from U.S. energy regulators to put the North Baja natural gas pipeline expansion in Arizona and California into service.
Pioneer Sees $70-$100 Oil As Supply Growth Remains Constrained
Higher labor and material costs are slowing U.S. shale production growth, Pioneers’s Executive Vice President Beth McDonald
Exxon looks to use advance technologies to double US shale output
By 2027, Exxon aims to produce up to one million barrels of oil equivalent per day in the Permian Basin.
Government imposes ban on drilling around historic New Mexico site
implementation of a 20-year withdrawal banning oil and gas development outside the boundaries of Chaco Culture National Historical Park in northwestern New Mexico
Permian Basin Economic Indicators
The Permian rig count has been seesawing within a limited range of 337 to 353 over the past year.
ConocoPhillips Alaska To Develop Nuna Project At Kuparuk 3T Drillsite
ConocoPhillips Alaska will continue to invest about $1 billion a year to grow our Alaska legacy business with projects such as Nuna.