The Latest

BPX Looks to Ramp US Production Over 60% by 2030

BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.

Exclusive: Adkins on Challenged Gas Prices, Growing Crude Demand

J. Marshall Adkins, head of energy investment banking at Raymond James, details the future of natural gas prices and misconceptions about crude demand coming to an end in this Hart Energy Exclusive interview.

BP CEO: Final Permian Processing Facility to Come Online by Mid-year

BPX Energy, BP’s Houston-based subsidiary, plans to bring on its fourth and last Permian Basin processing facility in mid-year 2025, CEO Murray Auchincloss said.

Canada’s Pembina Pipeline in No Rush to Invest in TMX

The Trans Mountain Pipeline’s toll structure has too much "uncertainty," said Pembina CFO Cameron Goldade on an earnings call.

What's Affecting Oil Prices This Week? (May 13, 2024)

For 2024, increasing supply will be more challenging unless U.S. producers start ramping up their capex and drilling programs beyond their current plans.

US Drillers Cut Oil, Gas Rigs for Third Week in a Row

Baker Hughes said oil rigs fell three to 496 this week, their lowest since November, while gas rigs rose one to 103.

Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field

Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.

Energy Transfer Remains Hungry for M&A, Sees 1Q Oil Volumes Surge

Energy Transfer reported record first-quarter crude volumes and expects demand for petrochemicals to continue rising.

Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space

Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.

Kissler: Mideast Tension Elevates Crude Prices—But for How Long?

Producers should be aggressive in locking in desirable crude oil prices on an abnormal market strength.