RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Far from resting on its laurels, ExxonMobil has weathered multiple industry cycles to drive continual output growth. Today, we analyze how that has unfolded since 2020, where ExxonMobil is investing today, and why the Permian, Guyana and LNG-dedicated assets are defining its upstream future.
The Permian is the country’s largest NGL-producing region, and its output is expected to keep growing. By 2035, the basin is forecast to account for 53% of U.S. NGL production. Handling that growth will require a complex network of pipelines, fractionators and other infrastructure.
Crude Oil Permian provides detailed analysis of the fundamental drivers impacting the Permian Basin crude oil market including weekly data, analysis and market intelligence updates of: Permian crude oil supply and demand, pipeline outflows and capacity, prices, and infrastructure updates.
Natural gas production hits new records in the Permian Basin.
A natural gas pipeline deal that gives privately held Esentia Energy a complete, start-to-finish link between the Permian Basin and Mexico’s Pacific Coast is highlighting a heretofore under-the-radar LNG project being planned at the end of that now-1,400-mile pipeline system.
U.S. oil and gas rig count fell by one rig to 598 for the week ending October 2 according to Baker Hughes data, as declines in the Eagle Ford (-2) and Haynesville (-1) outweighed gains in Gulf of Mexico (+1) and the Niobrara (+1).
In Western Canada the active gas-directed rig count rose by four to 66 rigs, while the oil-directed rig count also gained four to 147 rigs, for the week ended October 2, according to Baker Hughes data.
Hydrogen is expected to be one of the fastest-growing pieces of the global energy puzzle through 2050 but remain a small fraction of the overall energy mix, according to McKinsey’s recently published Global Energy Perspective 2026.
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The big news this week may have been the FID on LNG Canada’s Phase 2. But that announcement will have even larger upstream impacts, including a major expansion to the Coastal GasLink pipeline, more drilling in the Montney Formation, and more condensate production for the Alberta oil sands.
Westward Ho! — North American Gas Finding the Short Way to Asia
Ksi Lisims LNG has signed a Heads Of Agreement (HOA) with British energy company Centric Energy for 1 MMtpa of LNG (approximately 135 MMcf/d) for a term of 20 years, on an FOB basis, subject to the completion of a Sale and Purchase Agreement (SPA), according to a September 30 press release.
