Natural gas takeaway capacity in the Permian Basin is set to receive a significant boost with the upcoming launch of the Matterhorn Express Pipeline and several other major pipeline projects.
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it has closed its merger with Endeavor Energy Resources, L.P. (“Endeavor”).
Cenovus expects oil sands production to reach 600-610 Mbbls/d in 2024, with key assets including Christina Lake, Foster Creek, Lloydminster Thermals, and Sunrise. Operating costs have been reduced to $10.50 – $12.50 per barrel, reflecting a 12% decrease at the midpoint.
oil rig workers in the U.S. are compensated well for their physically demanding and essential roles within the energy industry. With salaries ranging from $40,000 for entry-level positions to over $100,000 for experienced workers, the potential for career growth and high earnings is significant.
The liquefied natural gas (LNG) sector is experiencing rapid growth as global demand for cleaner energy continues to rise. With technological advancements improving production and transportation, and the global energy transition driving the shift from coal to gas, LNG is becoming a key player in the energy industry.
Phillips 66 has sold 550 miles of natural gas pipelines, along with associated assets in the Haynesville Shale, to Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments. The assets are located in Texas (Panola, Rusk, and Harrison counties) and Louisiana (Caddo Parish).
The U.S. Energy Information Administration (EIA) has projected a significant increase in North America’s liquefied natural gas (LNG) export capacity. Between 2024 and 2028, the capacity is expected to more than double, rising from 11.4 billion cubic feet per day (Bcf/d) in 2023 to 24.4 Bcf/d.
Kyle Koontz is the new CEO of BPX Energy, BP’s U.S. onshore oil and gas division. He took over the role after previously serving as BPX’s Vice President for Development, where he played a critical role in overseeing BPX’s growth strategy and operational excellence in drilling and completions. Koontz has been with BP since 2016 and has been instrumental in transforming BPX’s onshore operations, particularly following BP’s acquisition of BHP Billiton’s U.S. onshore assets.
Oil prices saw a modest rebound on Wednesday, following a sharp decline triggered by weak U.S. manufacturing data and concerns over global economic growth, particularly in China.
Wyoming’s Red Desert is rapidly becoming a focal point in the global uranium industry,
