S&P Global reported Devon is raising its full-year 2022 production forecast by 3% to a range of 600,000-610,000 b/d of oil equivalent
Devon to expanded Permian Basin activity


S&P Global reported Devon is raising its full-year 2022 production forecast by 3% to a range of 600,000-610,000 b/d of oil equivalent

The Kirby In Situ Oil Sands Project approval of the Kirby North Light Hydrocarbon Recovery Facility in the Kirby North Development Area.

Five new Pipeline projects in Texas—four newly announced projects and one project under construction—since the last update in April 2022. Of the four new projects, three will expand capacity for existing pipelines, and one will be a new pipeline. If completed as planned, these five projects together would increase takeaway capacity out of the Permian Basin by a combined 4.18 billion cubic feet per day (Bcf/d) over the next two years.

Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that one of its wholly-owned subsidiaries has completed the previously announced acquisition of Lucid Energy Delaware, LLC (“Lucid”) for $3.55 billion.

Paramount Resources last week had Permit 60,925 approved to add 7.20 KM of pipeline to connect Compressor station to pipeline

Canvas Energy LLC of Oklahoma City reported completions of two wells on a single pad producing more than 1,000 barrels of crude oil a day in Canadian County.

Two Canadian County wells drilled by Citizen Energy III LLC on a single pad produced more than 1,200 barrels of oil combined a day.

Camino Natural Resources LLC based in Denver, Colorado filed completion reports this week on the two wells that were completed in Oklahoma.

Government of Alberta announced the $40M approved projects for the Carbon Capture Kickstart

Frack sand, which gets blasted through shale rocks to unlock oil and natural gas, is averaging $55 a ton, up from $22 at the end of 2021.
