We assume oil (West Texas Intermediate) prices in 2024 and 2025 will average $72 and $69 a barrel, respectively. In the same periods, natural gas (Henry Hub) prices are expected to average $2.62 ...

Oil companies in the Permian Basin continued to report financial growth in 2023, aligning with the region’s fossil fuel production growth in the first months of 2024. Permian Resources on Feb ...

He said eight of the state’s top 10 oil- and gas-producing counties are in the Basin. “As it turns out, around 80 percent of the state’s oil and gas production taxes come from the Permian ...

The report found the Permian Basin landscape was subsiding on average by about 3 to 4 centimeters each year due to increased oil and gas production.

Drilling rigs sit unused on a lot in Odessa, Texas, in the Permian Basin, in March 2022. U.S. oil companies are thriving as they look to avoid the boom-and-bust cycles of the past.

3 Ways To Play The Suriname Basin Oil Boom By Alex Kimani - Aug 22, 2024, 5:00 PM CDT. ... with 33% of respondents seeing it as the largest growth engine for oil development.

Local News; Business; In the Pipeline; Basin’s 2025 oil production to grow by 4-5 percent. TAEP prez says efficiency gains to keep driving area’s growth in 2025 ...

Viral Facebook post: A “small area” in western Texas and southeastern New Mexico “has enough oil to fuel America for the next 200 years.” PolitiFact's ruling: False Here's why: Does ...

Over the past 15 years, oil drillers turned a stretch of desert in Texas and New Mexico called the Permian Basin into the most important oil basin in the world by re-engineering pipes and applying ...

EnCap Investments’ $2.55 billion sale of oil-and-gas assets in Utah’s Uinta Basin shows that a wave of private-equity exit deals in the U.S. oil patch has washed beyond the more popular ...

[Subscribe to our newsletter here] The wheels of the Uinta Basin’s economy are greased again. With Utah’s petroleum production rising to record levels, the oil-rich basin in eastern Utah is ...