PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025) — Colombia’s state-owned Ecopetrol reported average crude oil and natural gas production of 746,000 barrels of oil equivalent per day (boe/d) in 2024, up 1.2% compared to 737,000 boe/d in 2023. In the midstream space, Ecopetrol surpassed its target with transported […]
Tag: Permian
Ovintiv Eyes Production of 595,000-615,000 boe/d in 2025 with Montney Leading the Way
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) — Ovintiv Inc. revealed its full year 2025 capital program of $2.15bn-$2.25bn, which is expected to deliver total production volumes of 595,000-615,000 barrels of oil equivalent per day (boe/d), including oil and condensate volumes of 202,000-208,000 b/d. This compares to average total […]
Natura Eyes 2 Advanced Nuclear Projects in Texas
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 18.Feb.2025) — Natura Resources announced deployment of 2 advanced nuclear projects in Texas. The projects aim to enhance energy security and reliability for the rapidly growing state. These deployments, located in the Permian Basin and at Texas A&M University‘s RELLIS Campus, represent significant […]
OPEC Forecasts Slight Rise in Permian Oil Production in 2025
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 12.Feb.2025) — The Organization of the Petroleum Exporting Countries (OPEC) is forecasting US tight crude production in the Permian Basin to grow by 0.2 million barrels per day (MMb/d) in 2025 compared to an average 5.5 MMb/d in 2024. In 2026, production in […]
Colombia’s Petro Calls for Sale of Ecopetrol Fracking Operations in US
BOGOTA, COLOMBIA (Luis Jaime Acosta, Reuters, 4.Feb.2025) — Colombian President Gustavo Petro on Tuesday called for the sale of state oil firm Ecopetrol‘s fracking operations in the United States to invest in clean energy. The leftist leader’s request was made to his minister of mines and energy, Andres Camacho, in an unusual […]
US Energy Development Corp. Eyes Deployment of $1bn in Permian in 2025
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Feb.2025) — US Energy Development Corporation (USEDC) plans to deploy up to $1bn during 2025, primarily in the Permian Basin on operated and non-operated oil and gas projects. USEDC expects the Permian will remain the primary focus of its investment in 2025 […]
Ecopetrol and Oxy Extend Midland Development Plan in the Permian Basin
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Feb.2025) — Ecopetrol Permian LLC and Occidental Petroleum Corp (Oxy) extended development of their Rodeo Midland Basin LLC, located in the Permian Basin (Texas, USA). Ecopetrol and Oxy originally established the Rodeo joint venture (JV) in Jul. 2019. The prolific Permian contains […]
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EAI North America NRG Dashboard 4Q:24 [PDF Download]
(Energy Analytics Institute, 28.Dec.2024) — Energy Analytics Institute‘s North America NRG Dashboard 4Q:24 with upstream, downstream, midstream, LNG, renewable, new energies and other updates from Canada and the USA. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved.
US Piped-gas Exports to Mexico up 5% Week-over-Week
(Pietro D. Pitts, Energy Analytics Institute, 12.Dec.2024) — US piped exports of natural gas to Mexico averaged 6.4 billion cubic feet per day (Bcf/d) in the week ended 11 Dec. 2024, up week-over-week and year-over-year, according to data published by the US-based Energy Information Administration (EIA). US piped-gas exports to […]
ExxonMobil Reveals 2030 Corporate Plan, Eyes Capex of $27bn-$29bn in 2025
(ExxonMobil, 11.Dec.2024) — ExxonMobil announced its Corporate Plan to 2030, creating a platform to further extend the company’s track record of delivering leading shareholder value. The plan reflects the company’s strategy to leverage its unique set of competitive advantages and unrivaled opportunities to create significant upside potential for shareholders. The […]
Ecopetrol Eyes Investing 24tn-28tn Pesos in 2025
(Ecopetrol, 29.Nov.2024) — Ecopetrol S.A. announces that the Board of Directors approved the annual investment budget of the Ecopetrol Group for 2025 for an amount between 24tn and 28tn Colombian pesos, in line with the strategy, this annual budget increases investment levels compared to 2024, under capital discipline criteria and […]
Fitch Sees Pickup in Permian Transactions
(Energy Analytics Institute, 30.Aug.2024) — ”Fitch believes Permian transactions could pick up again if large producers choose to shed non-core assets, following recent consolidation, to meet debt reduction targets or re-focus their asset base,” Fitch said 9 Aug. 2024 in an official statement. ”These assets could be acquisition targets for […]
Ecopetrol Reveals 2Q:24 Results
(Ecopetrol, 12.Aug.2024) — During the Second Quarter of 2024 (2Q24), Ecopetrol Group confronted a challenging environment, which continues to be impacted by several external variables, including the revaluation of the Colombian peso, inflationary pressures, and a decrease in the prices of our refined products. We managed these challenges with resilience, maximizing operational […]
Mexico Pacific Inks Optional LNG Offtake with ExxonMobil
(Mexico Pacific, 16.Jan.2024) — Mexico Pacific signed a third long-term Sales and Purchase Agreement (SPA) with ExxonMobil LNG Asia Pacific (EMLAP) for an additional 1.2 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Train 3 of Mexico Pacific’s Saguaro Energia project located on the west coast of […]
North American Gas Market to Expand by 25% Over Next Decade: WoodMac
(WoodMac, 17.May.2023) — Near-term gas market expansion continues to be driven by global demand for US LNG exports, which will largely be supplied through continued growth in Permian associated gas and Haynesville production, according to a recent report from Wood Mackenzie. “LNG export growth will drive the market for many […]
Earthquake in Texas Oil Country Highlights Environmental Concerns
(Barrons, 16.Nov.2022) — A 5.3 magnitude earthquake hit a key oil basin in West Texas on Wednesday afternoon, and was strong enough to be felt in Austin and other parts of the state. It wasn’t immediately clear whether the quake affected oil companies’ operations, but it could add to concern […]
Debt Ghosts Rattle Argentina’s Push For Shale Greatness
(Bloomberg, Alix Steel and Jonathan Gilbert, 24.Apr.2019) — To replicate the kind of shale boom taking place in America’s Permian Basin, Argentina first needs to convince investors it can avoid another financial crisis. Production is creeping up in Argentina’s Vaca Muerta formation, where about 1,000 wells have been drilled since […]
Permian Water Disposal Volumes To Double By 2022: Wood Mac
(Wood Mac, 12.Apr.2019) — Water disposal volumes in the Permian Basin are expected to double within the next two to three years, new analysis from Wood Mackenzie shows. As drilling activity in the basin continues to expand, hydraulic fracturing has resulted in the growing challenge of how to source water, […]