Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that following a successful open season, we plan to expand our refined petroleum products pipeline system from the Houston area to El Paso, Texas.
Chevron has raised its 2022 production forecast in the Permian Basin to between 700,000 and 750,000 barrels of oil-equivalent per day, a more than 15% year-over-year increase. The basin is a vast oil and gas region spanning parts of west Texas and southeastern New Mexico.
According to our latest Drilling Productivity Report, we estimate that crude oil production in the Eagle Ford region in southern Texas will average 1.2 million barrels per day (b/d) during September 2022
Paramount planned 2022 capital expenditures have been upwardly revised by $80 million at the midpoint to a range of between $600 million and $640 million.
Whitecap’s financial and operating results for the second quarter were once again ahead of expectations as the Company maintained operational momentum from the first quarter drilling program resulting in production of 132,293 boe/d and record funds flow of $677 million or $1.08 per share.
Kingfisher County remains a gold mine for Ovintiv Inc. The company filed completion reports in recent days showing two wells on a single pad, each with production of more than 1,300 barrels of oil a day. That’s a combined 2,600 barrels of oil from the same pad.
Targa Resources Corp. air permit approved for new cryogenic natural gas processing plant in the Permian basin.
Pacific Canbriam Energy has acquired an additional 47,025 acres of land in Northeast B.C.
Among those wells, Laredo turned into line some Leech wells in the West Texas Spraberry and Wolfcamp formations. The Leech wells comprise “six 15,000-foot wells in our most southeastern unit in Howard County,” said CEO Jason Pigott.
Crescent Point recently updated its 2022 annual average production guidance to 130,000 to 134,000 boe/d, reflecting the impact of certain non-core asset dispositions, with development capital expenditures unchanged at $875 to $900 million.
