Comprehensive Energy Data Intelligence

Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...

Ovintiv-2024-Update-Revenue-Investments-Production-Basins

Ovintiv Inc. is a key player in oil, natural gas liquids (NGLs), and natural gas, working across various areas. It has two main parts: Canadian Operations for its work in Canada and USA Operations for its work in the United States, plus efforts to optimize the market.

Strengths: Ovintiv Inc. stands out in the oil and gas market with a wide range of assets and smart operations.

Weaknesses: Even with great assets, Ovintiv deals with changing prices for oil and gas and carries a lot of debt.

Opportunities: Ovintiv has a chance to grow by using its tech innovations and strategies to make the most of the market.

Threats: New rules and worries about the environment could affect how Ovintiv works and its earnings.

What we know about Ovintiv

Ovintiv is a Canadian-based oil and natural gas exploration and production company. The company operates in North America, with a significant presence in the Permian Basin, Eagle Ford, and Montney regions.

  • CEO: Brendan M. McCracken, MBA
  • Number Of Employees: 1 744
  • Sector: Energy Minerals
  • Location: Denver, CO, US
  • Ovintiv has a market capitalization of approximately $7.1 billion, as of April 2023.
  • The company had proved reserves of 1.8 billion BOE (barrels of oil equivalent) as of December 31, 2021.
  • In 2021, Ovintiv produced an average of 452,100 BOE per day.
  • The company is committed to environmental stewardship and has reduced its greenhouse gas emissions by 30% since 2014.
  • Ovintiv has a diverse portfolio of assets, with approximately 55% of its production coming from natural gas and 45% from oil.

The company, previously was known as Encana Corp, renamed itself and moved to Denver in 2020 after buying Newfield Exploration Co. for $5.5 billion in 2019. This deal shifted its focus from natural gas to mainly oil fields in the U.S.

In 2022, Ovintiv's proved reserves in the U.S. included 535.2 MMbbls of oil and 457.8 MMbbls of NGLs, alongside 2,698 Bcf of natural gas, totaling 1,442.7 MMBOE. Proved reserves were 58% developed and 42% undeveloped. The U.S. operations produced 295.5 MBOE/d, with capital investments reaching $1,493 million and a total of 3,341 net productive wells.

Over in Canada, the numbers were different: proved reserves included 0.1 MMbbls of oil, 149.0 MMbbls of NGLs, and 4,090 Bcf of natural gas. This resulted in a total of 830.8 MMBOE, with 54% proved developed and 46% proved undeveloped. Canadian operations produced an average of 214.5 MBOE/d and saw capital investments of 334 million dollars, with a total of 1,870 net productive wells. 

Another part of Ovintiv, Market Optimization, works on selling what the company produces, buying from others, and making deals to help manage the risks of changing prices.

Revenue 

In the past year leading up to September 30, 2023, Ovintiv saw its revenue decline to $10.93 billion, marking a 13.20% drop from the previous year. The revenue for the quarter ending on the same date was $2.65 billion, reflecting a 25.36% decrease compared to the same quarter last year. This contrasts with the company's 2022 annual revenue, which stood at $12.46 billion, having grown 43.96%.

For the third quarter of 2023, Ovintiv posted net earnings of $406 million. This breaks down to $1.47 per diluted common share, taking into account a pre-tax net loss from risk management activities that amounted to $282 million. The company's operations generated $906 million in cash, with a Non-GAAP Cash Flow hitting $1,112 million. After accounting for capital investments of approximately $834 million, the company reported $278 million in Non-GAAP Free Cash Flow.

Capital Investment

The capital investment for the quarter was $834 million, which was less than the expected range of $840 to $890 million.

The quarter's production was high, at around 572 MBOE/d:

  • 214 Mbbls/d of oil and condensate
  • 87 Mbbls/d of other NGLs
  • 1,625 MMcf/d of natural gas.

Operational costs were good:

  • Upstream operating expenses were $4.48 per BOE
  • Transportation and processing costs were $7.40 per BOE
  • Production-related taxes were $1.70 per BOE or 4.3% of upstream revenue.

The company's prices before considering hedges were:

  • Oil and condensate at $78.86 per barrel
  • Other NGLs at $18.39 per barrel
  • Natural gas at $2.33 per Mcf
  • Total average realized price was $38.95 per BOE.

Including the impact of hedges, the prices changed to:

  • Oil and condensate decreased slightly to $77.94 per barrel
  • Natural gas increased to $2.51 per Mcf
  • Resulting in a total average realized price of $39.12 per BOE.

Looking ahead to 2024, the company plans a total capital investment between $2.1 billion and $2.5 billion. It also anticipates reaching a stabilized production profile of approximately 200 Mbbls/d by the second quarter of 2024, ahead of the initial schedule.

Through February 2024, we're taking a look back on the Deals from 2023

Ovintiv acquisition in the Permian closed in June 2023, paying approximately $3.2 billion in cash combined and issuing approximately 31.8 million shares of Ovintiv common stock valued at approximately $1.2 billion. The Ovintiv Bakken sale also closed on June 12, generating proceeds of approximately $706 million after customary closing adjustments of approximately $119 million, according to Ovintiv's filings with the U.S. Securities and Exchange Commission.

Ovintiv's expansion in the Permian Basin involves acquiring core Midland Basin assets from EnCap Investments for roughly $4.3 billion, adding 65,000 net acres of primarily undeveloped, high-margin oil opportunities to their portfolio​​​​.

In June, Civitas Resources, a 2-year-old Denver-based oil and gas producer, reached similar deals valued at $4.7 billion combined to expand outside of Colorado for the first time. Civitas agreed to acquire the operations of two companies owned by funds of Dallas-based NGP Energy Capital Management LLC, which also has an office in Houston.

In 2023, Ovintiv Oil and Gas also completed the sale of its entire Bakken assets in the Williston Basin of North Dakota to Grayson Mill Bakken. This transaction was valued at $825 million.

Production Timeline

From 2015 to 2023, Ovintiv's annual growth rate was 6.19%. While this isn't above 10% or 15%, it's still higher than the U.S. average growth rate for petroleum and other liquids, which is 4.45%.
2015-2018: the company's daily oil production, measured in thousands of barrels (mbbl), remained unchanged. However, from 2019 to 2022, the production saw a decrease from 164.4 mbbl to 131.6 mbbl, a 19.95% drop, due to a policy of disinvestment. In 2023, after purchasing assets in the Permian Basin for $4.275 billion, the company increased its oil production to 170.9 mbbl.

This trend indicates that the company has aimed to boost its oil production, despite the fluctuations over the years, showing an overall upward trajectory.

In the natural gas sector, there was a decline from 2015 to 2018. Post the acquisition of Newfield Exploration in 2019, the company's natural gas production stabilized, with an 8.77% increase recorded between 2022 and September 2023. This suggests that Ovintiv aims to keep its gas production stable, unaffected by the fluctuating prices of natural gas.

2019: Natural Gas Liquids (NGLs) production also showed significant changes. Between 2015 and 2019, NGLs Plan Condensate production surged by 157.7%. Yet, this was followed by a reduction, with production falling from 52.9 mbbl in 2019 to 43.3 mbbl by September 2023, an 18.1% decrease. This decline is attributed to Ovintiv's disinvestment in its NGLs Plant operations since 2019, despite rising prices.

Additionally, the NGLs-Other segment saw a substantial increase in 2019, with an annual growth of 115.82%, and then the production levels evened out with minor fluctuations.

2020-2023: Aside from 2020, Ovintiv consistently invested more in capital expenditures than its costs for depreciation, depletion, and amortization, with net capital expenditure topping $600 million in eight out of eleven years. 

This investment strategy led to its reserves increasing from 1930.3 million barrels of oil equivalent (MMBOE) in 2013 to 2273.6 MMBOE by December 2022. 

Its production in barrels of oil equivalent (BOE) went from 516.7 million in 2013 to 571.8 million by September 2023.

2024: Ovintiv plans to ramp up its oil production to 200 mbbl per day. However, there's no indication of a planned increase in natural gas and NGLs production. The only hint is from Ovintiv's forecast for the fourth quarter of 2023, which anticipates a decrease in gas and NGLs production.

Ovintiv's Basin Strategy

For the year 2023, Ovintiv has updated its production guidance, estimating total production to range between 520 to 545 MBOE/d, with oil & condensate expected to be between 185 to 195 Mbbls/d. 

Permian Basin

This is one of Ovintiv's primary operational areas, located in the oil-rich Midland Basin in Texas. They are focusing on the Spraberry and Wolfcamp formations, and for 2023, they plan to invest about $1.43 to $1.47 billion to activate 170 to 180 net wells. In the third quarter of 2023, production in the Permian averaged 194 MBOE/d, with a strong emphasis on liquids making up 83% of the production.

The company reported a significant increase in oil productivity per foot (>20% year-over-year) and top-ranking Midland Basin oil productivity.

Operational Metrics:

  • 53 Wells: Brought online year-to-date across legacy acreage, showing uplift in cumulative oil output.
  • Trimulfrac Performance: Achieved with 4 pads in 3Q23, enhancing completions speed and efficiency, yielding $125k savings per well, and achieving 4,185 completed feet per day.
  • Future Plans: Include increasing Trimulfrac operations to over 50% in 2024.

Montney

Situated in western Canada, the Montney play is recognized for being one of the largest unconventional oil and gas deposits in North America. Here, Ovintiv is leveraging its sizable land position and strong market access to maximize resource value. In the third quarter of 2023, Montney production averaged 229 MBOE/d with an investment plan of about $540 to $580 million for the year to develop 75 to 80 net wells.

Nearly 90% of gas production de-linked from AECO pricing, targeting high-value oil with strong year-to-date realizations (130% of AECO and 110% of NYMEX for gas; 97% of WTI for condensate).

Uinta Basin

In northeastern Utah, the Uinta Basin offers Ovintiv a deep inventory with approximately 2,600 feet of oil-saturated reservoir rock. The company has embraced cube development to enhance capital efficiency in this region. For 2023, the production average was 24 MBOE/d, and the planned investment is in the range of $415 to $435 million for 21 to 26 net wells.

The Uinta Basin stands out for its well performance, best horizontal oil wells in North America, and a large area of undeveloped land, covering 130,000 net contiguous acres. 

Anadarko Basin

Ovintiv's assets in the Anadarko Basin, located in west-central Oklahoma, are well-placed in the SCOOP and STACK regions within the black oil window. The company has planned an investment of approximately $190 to $210 million for the year 2023 to bring 26 net wells into production. The basin's third-quarter production stood at 119 MBOE/d, with liquids being 60% of it.

In the Permian, with 5 rigs and FY23 capital of $1,430-$1,470 million, they expected 170-180 net TILs and a production peak in 4Q23. The Montney region, with 4-5 rigs and $540-$580 million capital, anticipates 75-80 net TILs. Uinta, with 2 rigs and $415-$435 million capital, projects 21-26 net TILs. Anadarko has no rigs but a $190-$210 million capital with 26 net TILs expected. Bakken has an approximate $110 million capital with 16 net TILs.

Ovintiv’s Q3 2023 Results 

 

  • Operational Results

 

The company has led well performance across four basins, highlighted by acquiring 800 Premium and 250 high-potential net locations in the Permian Basin. Over the last two years, more than 750 Premium net locations were added from bolt-ons and organic assessment, with Premium locations defined as those yielding over 35% IRR at $55/bbl WTI oil and $2.75/MMBtu NYMEX.

 

  • Guidance and Performance

 

The company beat all 3Q23 guidance items, with total production at 572 MBOE/d, oil & condensate production at 214 Mbbls/d, other NGLs at 87 Mbbls/d, and natural gas production at 1,625 MMcf/d. Capital expenditure was $834 million, below the guidance range of $840-$890 million.

 

  • Financial Results 

 

Cash flow for 3Q23 was $1,112 million, translating to $4.02 per share, which is a ~45% increase over the previous quarter. The free cash flow was $278 million, contributing to strong shareholder returns including $127 million spent on base dividends and buybacks in 3Q23. The company maintains an investment-grade rating with a mid-cycle leverage target of 1.0x, with debt at approximately $4 billion.

 

  • Integration and Expansion

 

The integration of Permian acquisitions was completed before schedule, contributing to a 4% production increase since the acquisition close. The company now operates approximately 180k net acres in the Permian, with 5 rigs and 1 frac crew currently active.

Ovintiv focuses on working smart with its assets. It has four main areas it's really good at, aims to work efficiently, deals with different types of products, and has enough resources to keep producing oil for 10-15 years and natural gas for 20 years. By carefully choosing where to spend money and making its operations run smoothly, Ovintiv plans to keep making a steady income and strong profits.

If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.

 

Who's Next after Diamondback? Potential Takeover Targets in the Permian Basin

$data['article']['post_image_alt']

The $26 billion purchase of Endeavor Energy Resources by Diamondback Energy, with its stock up 2.6%, is the newest big deal combining oil and gas production in the Permian Basin under a few big companies

Bakken's Tipping Point: Grayson Mill's Potential Fall After Chevron-Hess

$data['article']['post_image_alt']

The Permian Basin, a big oil area, is not seeing as many deals as before because lots of companies have already joined together. Now, experts think these companies might start looking for new places to invest in the U.S. One area getting attention is the Bakken play. Chevron Corp. has just made a big step there by buying Hess Corp. for $60 billion. Another company, Grayson Mill Energy, which got some help from a Houston investment firm EnCap Investments LP, might also be up for sale soon, worth about $5 billion.

$data['article']['post_image_alt']

Continental Resources is expanding its operations in the Midland Basin, including taking over some assets that used to belong to Occidental Petroleum. The company plans to use its expertise in exploration in this area.

$data['article']['post_image_alt']

Equinor and EQT Corporation have agreed that Equinor will exchange its operated assets in the Marcellus and Utica shale formations in Ohio for a stake in EQT’s non-operated interests in the Northern Marcellus formation.

$data['article']['post_image_alt']

Appalachian Basin (formerly Marcellus and Utica) covers most of New York, Pennsylvania, Eastern Ohio, West Virginia, and Western Maryland in the north, reaching down to parts of Northwest Georgia and Northeast Alabama in the south. The basin is massive, covering about 185,000 square miles, roughly 1,000 miles long from northeast to southwest, and in some places, it's up to 300 miles wide. In this area, some major companies are making significant investments. EQT stands out as the largest producer in the Appalachian Basin, with other key players including Chesapeake, Range Resources, Antero, Repsol, and Gulfport also actively investing.

2022 oil production 2023 2024 3D Earth Science Analytics 3D Modeling Continental Resources 3D modeling 3D modeling CGG 3D modeling ESA 3D visualization 3D visualization CGG A&D A&D deals A&D sector A&Ds in the Gulf of Mexico AAII ANR Pipelines Abraxas Petroleum Acquisition Acquisitions Admiral Permian Resources Advance Energy Advance Energy Partners Holdings LLC Aera Energy Aethon Energy Africa Alaska Pipeline System Alberta Alberta pipeline Algeria Align Midstream LLC Alliance Pipeline AltaGas Altamont Energy Alternative Fuels Ameredev II Anadarko Anadarko Basin Analysis Analytics And Rockcliff Energy Andrews Antero Midstream Antero Midstream Corp. Antero Resources Antitrust Apache Corporation Appalachia Appalachia to Market and Middlesex Extension project Appalachian Appalachian Basin Appalachian basin Aramco ArcLight Capital Partners ArcLight Capital Partners LLC Archaea Energy Inc. Arena Energy LLC Argentina Arrow Midstream Artesia Natural Gas Gathering and Processing System Ascent Resources Asia Asset Holdings Assets Acquisition Assets Revenue Assets Sale Assets Value Athabasca Oil Atlantic Coast Pipeline Australia Autry Stephens Aux Sable Aux Sable Canada Aviation emissions BASF BG Group BHP Billiton BOED BP BP Plc BPX Energy Baker Hughes Bakken Bakken Formation Bakken Shale Bakken shale Bankruptcy Barnett Barnett Shale Bay du Nord Baytex Baytex Energy Berkshire Hathaway Big Horn Biodiesel Bison Midstream Black Bear Transmission Blackstone Energy Partners Blackstone Inc. Blockchain Bloomberg Brazil Brazos Valley Brent BridgeTex Broom Creek Formation Buyout Firms CBAM CCS CDM Resource CGG CNOOC CNOOC International CO2 CO2 reduction COG Operating CVX Cactus II Pipeline Calgary Callon Callon Petroleum Canada Carbon Capture Carbon Footprints Carbon capture and storage Cardinal Midstream Partners Careers in O&G Caribbean map Carl Icahn Carnelian Energy Castleton Commodities Cenovus Cenovus Energy Centennial Resource Centennial Resource Development Centennial Resource Development Inc. Charlson Gathering System Cheniere Energy Cheniere Marketing Chesapeake Chesapeake Energy Chesapeake Energy Corp. Chesapeake Energy Corporation Chevron Chevron Corp. China China Gas Holding LTD. Chord Energy Christmas Cibolo Energy Partners Cimarex Energy Civitas Civitas Resources Clay basin Clean Energy Clearwater Climate Change Coal Codell Colgate Energy Colgate Energy Partners Colgate Energy Partners II LLC Colgate Energy Partners III Colonial Enterprises Colonial Pipeline Colorado Columbia Columbia Gas pipeline Columbia Gulf pipeline Comisión Federal de Electricidad Comprehensive Analysis Comstock Resources Concho Valley Solar Congo ConocoPhillips ConocoPhillips Co. Consolidated Edison Contango Resources Continental Resources Continental Resources Inc. Corpus Christi Costa Azul Coterra Energy Coterra Energy Inc. Cove Point Cove Point LNG Cox Operating LLC Credit Suisse Group Crescent Crescent Energy Crescent Point Crescent Point Energy Crescent Point Energy Corp. Crestwood Crestwood Equity Crestwood Equity Partners Crestwood Equity Partners LP Crestwood Midstream Crestwood Permian Basin Holdings LLC Crowheart Energy CrownQuest CrownRock Crude Oil Crude Prices Crude oil D-J Basin DCP DCP Midstream DJ Basin DOJ DUCs on the Rise Dakota Access Pipeline Dallas Data Dawson Debt Restructuration Decarbonization Technology Decarbonized Fuel Delaware Delaware Basin Delaware basin DelawareBasin Denbury Denmark Denver Denver Julesburg Denver-Julesberg Basin Denver-Julesburg Basin Devon Devon Energy Diamondback Diamondback Energy Diamondback Energy Inc. Dimsdale Gas Dividends Dominion Energy Dominion Energy Questar Pipeline Double E Pipeline DoublePoint Energy DowJones Downstream Market Driftwood Energy Operating LLC Driftwood Pipeline LLC Drilling Drilling Inventory Durham Creek Durham Creek Exploration Duvernay Duvernay shale E&P EDF EIA EIEC EIG ENB EOG EOG Resources EP Energy EPA EQT ESG ESG performance ESG score ESGcriteria ESGinvestment ESGstandarts Eagle Ford Eagle Ford M&As Eagle Ford Shale Earth Science Analytics Earthstone Earthstone Energy Earthstone Energy Inc. East Coast East Texas Eastern Energy Gas Ector Eddy County Egypt El Paso Natural Gas Pipeline Elba Liquefaction Emerson Emerson Electric Emissions EnCap EnCap Flatrock EnCap Flatrock Midstream EnCap Investments EnLink Midstream EnVen Energy EnVen Energy Corp. Enable Midstream Enbridge Enbridge Energy Enbridge Inc Enbridge Pipeline Encap Flatrock Midstream Endeavor Endeavor Energy Endeavor Energy Resources Endeavor Gathering Energy Energy Assets Energy Crisis Energy Gas Energy Information Administration Energy Infrastructure Energy Leaders Energy M&A deals 2022 Energy M&As Energy Prices Energy Production Energy Projects Energy Resources Energy Security Energy Transfer Energy Transfer Canada Energy Transfer LP Energy Transport Solutions Energy security Enerplus Ensign Natural Resources Enterprise Enterprise Product Operating LLC Enterprise Products Enterprise Products Partners Environmental Protection Agency Epic Crude Pipeline Equinor Equinor Energy Ireland Equitrans Equitrans Midstream Equitrans Midstream Corp. Equity Investments Ethanol Conversion Europe Evolution Petroleum Exaro Energy III Exok Exploration Export Expro Exxon Exxon Mobil Exxon Mobil Corp. ExxonMobil FTC Fayetteville Shale Federal Trade Commission Financial Times FireBird Energy FireBird Energy LLC Florida Gas Transmission Flowing Gas Forecast Forgan Forge Energy Fort McMurray FortunaResources Franklin Howard G&P GHG GIP GIS GIS NG data GIS U.S. GIS U.S. NG Data GIS U.S. NG data GIS U.S. data Galapagos Gas Gas Extraction Gas Flaring Gas Holdings Gas Processing Plants Gas Production Gas Rates Gas processing Gathering Gathering and Processing Gathering and Transportation Network Gemini Carthage Genesis Energy Genovesa Germany Glencore Glenn Wright Global Emissions Global Infrastructure Partners Goldman Sachs Goodrich Grand Prix NGL Pipeline Gray Oak Pipeline Gray Oak pipeline Grayson Mill Grayson Mill Energy Great River Hydro LLC Great Western Petroleum Greater Green River Green Canyon Green River Basin Greenhouse Gas Emissions Grupo Carso Guangzhou Gas Gulf Coast Gulf Coast Pipeline System Gulf Mexico map Gulf Oil Corporation Gulf Run Pipeline map Gulf map Gulf of Mexico Gulf of Mexico US map Gulf of Mexico depth map Gulf of Mexico map Gulf of Mexico oil rig map 2023 Gulf of Mexico on map Guyana Halliburton Company Hammerhead Hammerhead Energy Harbour Energy Hart Energy HartEnergy Harvest Midstream Haynesville Haynesville Basin Haynesville Shale Heavy crude Henry Energy Henry Resources Hess Hess Corporation Hess Midstream Hibernia Energy Hilcorp Energy Horizontal Well Houston Humble Midstream Hydraulically Stimulated Resources Hydro-Québec Hydrocarbon Exploration Hydrocarbon Reservoirs Hydrogen IEA IKAV IMEO INEOS Energy IPO Import Inc. India Indonesia Inergy Inergy Midstream Infrastructure Inter Pipeline International Energy Agency Iran Iron Mountain Ironwood Midstream J.P. Morgan JUSTCapital Japan Joint Venture Jonah Field Jordan Cove KAPS KKR KKR&Co. KMI Karnes Trough Kaybob Duvernay Kazakhstan Key Access Pipeline System Key statistics Keyera Corp Keystone XL Pipeline Kimbell Kimbell Royalty Kimbell Royalty Partners Kinder Morgan Kinder Morgan Inc. Kingston Midstream Alberta Kirkuk oil Komipo America Kosmos Energy LEG project LM Energy LNG LNG Delivery LNG Demand LNG Terminals LNG delivery LNG exports LNG plant LNG provider LNG-by-rail LP LaBarge Labrador Lake Charles Project Laredo Petroleum Lario Permian Lario Permian LLC Lea County Leasehold Properties LetterOne Leucrotta Exploration Libya Lime Rock Lime Rock New Energy Lime Rock Partners Lime Rock Resources Line 3 Pipeline Line 3 project Liquefaction Plant Liquefied Natural Gas Liquefied natural gas Liquids and Natural Gas Pipelines Lloyds Banking Lone Star Express Pipeline LongHorn Lotus Midstream Louisiana Louisiana Energy Gateway Lucid Energy Group Lycos Energy M&A M&As MLP MLPs MMP MPLX MPLX LP MVP Magellan Magellan Midstream Magellan Midstream Partners Mainline Pipeline System Mancos Shale Maple Energy Marathon Marathon Oil Marathon Oil Corp. Marathon Oil Corporation Marathon Petroleum Marcellus Marcellus Basin Marcellus Shale Marcellus region Mariner East Project Mariner east expansion Market Acquisition Of Vine Energy Inc. Market Analysis Marten Hills Pipeline Martin Martin County Maryland Mascot Project Matador Matador Resources Matador Resources Co Matagorda Medallion Midstream Services Medallion Pipeline Merge Merger Merit SI Meritage Midstream Mesa Minerals Partners Mesquite Energy Methane Methane Emissions Methane emissions Methane gas Mewbourne Oil Co. Mexico Mexico Pacific MiQ Mica Midcoast Energy LLC Midcontinent Middle East Midland Midland Basin Midland-Petro D.C. Partners LLC MidlandBasin Midstream Midstream M&As Midstream NG gathering pipelines Midwest Mississippi Mobil Oil Momentum Midstream LLC Monopoly Mont Belvieu Montana Montney Montney Shale Moriah Henry Motiva Enterprises Mountain Valley Mountain Valley Pipeline MountainWest Pipeline Mountrail Gathering System Murphy Murphy Oil NEP NG Pipeline Maps NG U.S. midstream data NG data NG data U.S. NG gathering pipeline systems NG pipeline maps NG3 NGL NGL Energy Partners NGL export NGL logistics NGL pipelines NGL production NGLs NGO NGP NLG NOG NRGreen NTX pipeline NZE National Instruments Natural Gas Natural Gas Assets Natural Gas Certification Natural Gas Equivalent Natural Gas Gathering Natural Gas Infrastructure Natural Gas Liquids Infrastructure Natural Gas Prices Natural Gas Production Natural Gas Products Natural gas pipelines Natural gas production Navitas Midstream Net Acres Net-zero Production New Fortress New Jersey New Mexico New Year Newco Newfoundland NextEra NextEra Energy NextEra Energy Partners Niobrara Niobrara Shale Noble Energy Noble Midstream Partners LP Non-Operated Assets North America North Dakota North Texas Barnett North-East Northern Delaware Basin Northern Natural Gas Northern Oil and Gas Northern Oil and Gas Inc. Northwoods Norway NuStar NuStar Energy Nuevo Midstream O&G O&G Production O&G output records O&G production O&G production forecasting OKE OMOG ONEOK ONEOK Bakken OPEC OPEC+ OXY Oasis Midstream Oasis Midstream Partners Oasis Petroleum Oasis Petroleum Inc. Occidental Occidental Petroleum Offshore Ohio Oil Oil & Gas Oil Equivalent Oil Prices Oil Sanctions Oil and Gas Oil and Gas Production Oil and Gas Properties Oil and Gas production Oil and Gas rigs Oil and gas production Oil companies Oil&Gas Oklahoma Omega Acquisition Inc. OneRock OneRock Energy Onshore Ontario Teachers’ Pension Plan Operated Wells Orphan Basin Oryx Outrigger DJ Outrigger DJ midstream Ovintiv Oxy Oxy Low Carbon OxyChem PAM PBA PCC PDC Energy PDCE PHMSA PPG PRT Offshore Pacific Pad Activity Monitor Paradigm Paradigm Midstream Paradox Basin Paramount Resources Ltd. Parsley Energy Pearl Energy Investments Peavine Pecos Pecos Oil & Gas Pecos Oil & Gas LLC Pecos River processing plant Pembina Pembina Pipeline Pembina Pipeline Corp. Penn Virginia PennEast Pipeline PennEnergy Resources LLC PennTex Midstream Pennsylvania Percussion Petroleum Permian Permian Basin Permian Basin 2022 Permian Deep Rock Oil Co. Permian Producers Permian Resource Corp. Permian Resources Permian Resources Corp. Permian acreage sale Permian basin PermianBasin PermianResources Petro-Hunt Petrochemical Commercial Company Petrochemical production Petroleum Petroleum Production Peyto Peyto Exploration Phillips 66 Piceance Pickering Energy PickeringEnergy Pine Wave Energy Partners Pinnacle Midstream Pioneer Pioneer Natural Pioneer Natural Resources Pipeline Pipeline Maps Pipeline Performance Group Pipeline and Hazardous Materials Safety Administration Pipelines Pipelines and Refineries Pipestone Condensate Pipestone Phase Placid Montney Plains Plains All American Plains Pipeline Plato Point Pleasant Pony Express Pipeline Powder River Powder River Basin Powder River basin Power Generation Power Plant Fuel Power River basin Prairie Operating Processing plants Production Production Forecast Propane PureWest Quantum Capital Quantum Energy Partners Quantum Technology QuarterNorth QuarterNorth Energy Questar Pipeline RBC Capital RNG RSG Rangeland Energy Rangeland Midstream Canada Ranger Oil Rattler Midstream Reagan county Red Trail Energy RedBird Capital Partners Reduction of Greenhouse Emissions Reeves Reeves County Regional Energy Access Renewable Renewable Diesel Renewable Energy Group Repsol Repsol Canada Research Responsibly Sourced Gas Reuters Rextag Ridgemar Energy Riley Exploration Riley Exploration Permian Inc. RimRock Ring Energy Ring Energy Inc. RiverBasin Riverstone Rockcliff Rockcliff Energy Rockies Rockies Express Pipeline Rocky Mountain Rocky Mountains Rocky mountain Rover pipeline Rudolf Rudolf Red Nose Russia Rystad Energy SAF SEC SHLX SM Energy SPA STX Midstream Sabine Pass LNG LP Safety Administration Saguaro Energía San Andres formation San Mateo Sanchez Energy SandRidge Santa Santa Clause Santander Saskatchewan Saudi Arabia Schlumberger Limited Schneider Digital Scope 1 Scope 2 Sedimentary Basin Select Water Solutions SemGroup Sempra Energy Senate Sendero Midstream Sequestration Shale Shale Field Shale Formation Shale Gas Shale Industry Shale Oil Producer Shareholder Returns Shares Shawcor Shell Shell Midstream Partners Shell New Energies Shell Oil Company Shell PLC Shell Plc. Shell UAS Sierra Grande Silver Hill Energy Partners III SilverBow SilverBow Resources Sinochem Group Skye MS Sour crude South Carlsbad Natural Gas Gathering System South Haynesville Basin South Texas Southcross Energy Southeast Gateway Southeast Supply Enhancement Project Southern Access expansion Southern Lights Pipeline Southern Union Southwest Gas Southwest Gas Holdings Southwestern Energy Southwestern Energy Company Spain Spraberry Formation Sprng Energy Stagecoach Gas Standard Oil of New Jersey Standing Rock Indian Reservation Steel Reef Infrastructure Corp. Sterling DJ Sterling DJ system Stock Market Stonepeak Partners LP Stonepeak Partners. Storage Strategic Petroleum Reserve Strategic Resources Stronghold Energy Sumitomo Summit Midstream Summit Midstream Holdings Summit Midstream Partners Summit Midstream Partners LP Summit’s Lane System Sunoco Sunrise Oil Sands TAPS TC Energy TC Energy Corp. TC PipeLines LP TG East Texas Resources TG Natural Resources TGNR THQ Appalachia TRP Tailwater Capital Takeaway Tallgrass Energy Talos Talos Energy Talos Energy Inc. TalosEnergy Tap Rock Resources Targa Resources Targa Resources Corp. Tenaris Tesoro High Plains Pipeline Tesoro Logistics Texas Texas Eastern Pipeline Texas Gas Transmission Texas Oil Texas Panhandle Texon Oil and Land Company The Appalachian Basin The Denver-Julesburg Basin The Permian Basin The United States Tidewater Midstream Titus Oil & Gas Production LLC Tivoli Tivoli Midstream Tivoli Services Tokyo Gas Tokyo Gas America Tokyo Gas Co. Ltd. TokyoGas TotalEnergies Trace Midstream Trans Mountain pipeline TransCanada Transco Transcontinental pipeline Transport Permit Transportation Infrastructure Trends Tres Palacios Tri-State Water Truist Securities Tug Hill Tug Hill Operating U.S. U.S. Gulf Coast U.S. LNG exports U.S. NG data U.S. NG midstream data U.S. NG upstream U.S. NG upstream data U.S. crude exports U.S. crude oil data U.S. energy U.S. energy M&A U.S. energy data U.S. energy industry U.S. energy maps U.S. hydrogen production U.S. midstream data U.S. refineries U.S. shale gas assets U.S. upstream data UAE UK UPC US US NG US gas US oil USA USA Compression Partners USgas USoil Uinta Uinta Basin Uintah Basin Ukraine Unit Corporation Unit Petroleum Company United States Upstream Upstream M&As Upstream companies Upton county Utah Utica Basin Utica Shale Utilization Van Hook Gathering System Vencer Energy Venezuela Vermilion Energy Vermont Business Magazine HQI US Holding LLC Viking Viper Energy Viper Energy Partners Vista Pacifico Vital Energy Vital Energy Inc. Vitol WCS WPX Energy WTI Waha Hub Wamsutter Field War Warburg Pincus Ward Warren Buffett Water Management Water management Wattenberg Webinar Webster Pipeline Well maps Wells West Texas Western Canada Select Western Canadian Sedimentary Basin Western Midstream Western Midstream Partners White House WhiteHawk WhiteHawk Energy Whiting Whiting Petroleum Wholesale WildFire Energy I LLC William Companies Williams Williams Companies Williston Williston Basin Willston basin Wintershall Dea Wolfcamp Formation Woodford Woodford Express Woodland Midstream II Wyatt Resources Wyoming XCL Resources XTO Energy XcL Midstream Zacks Consensus Zephyr Energy Zhejiang Energy Acquisition Acquisitions Acreage Acreage maps Acreage sale Acreage sales Acreage valuation Acres Analytics And Phillips 66 Partners And Rockcliff Energy Asset renewal Asset sale Assets Assets merger Atural gas gathering Aviation Aviation fuel Barrel Barrels Bbl Bioenergy Bioethanol Boe Carbon capture and storage Carbon capture storage (CCS) Carbon emissions Carbon footprint Carbon-free Cash Coating Crude Crude export terminals Crude exports to Europe Crude oil Crude oil and natural gas output Crude oil delivery Crude oil production Deal Divestitures Divestment Drilling activity Drilling permits Dry gas Ecology Efficiency Electrification Emission reduction Emissions Emissions reduction Energy Energy M&A Energy acquisitions Energy deals Energy infrastructure Energy maps Energy market Energy provider Energy services Energy supplies Energy transfer Environment Expansion Exploration Exploration & production Financial results Flaring gas Forecast Fuel Fuel transportation Gas Gas prices Gas projects Gas rig Gasoline Gathering systems Geologic CO2 storage Global energy system Green energy Greenhouse gas Greenhouse-gas emissions Growth Horizontal drilling Hydraulic fracturing (fracking) technology Hydrogen pipeline maps Industry Interactive maps of oil rigs in the Gulf of Mexico Investment Joint ventures Laws Liquefied natural gas Liquified natural gas Low emissions Low-carbon fuel Management Map of Caribbean Map of pipelines Master limited partnership Merger Merger and acquisition Mergers Midstream Midstream footprint Midstream infrastructure Mineral Natural gas Natural gas gathering and processing Natural gas maps Natural gas pipelines Natural gas producer Natural gas production News Offshore Offshore oil and gas Oil Oil & gas Oil and energy Oil and natural gas assets Oil demand Oil market Oil output Oil prices Oil producers Oil rigs Oil supply Onshore Partnership Petroleum Petroleum infrastructure Pipeline Pipeline maps Pipelines Power Processing plants Produced water Production Rating Rebranding Refinery Renewable energy Renewable energy sources Renewable natural gas Renewables Report Sanctions Shale Simulation Smart contract Smart contracts Software Standards Stock Storage Subsurface CO2 sequestration Subsurface characterization Surface Sustainability The Gulf map The James Lake System The Permian Basin Transaction Transactions Undrilled locations Upstream Upstream production Water management Well Well maps Well redevelopment Wells Wet gas Wind energy