East Daley Analytics – Dissecting the Energy Value Chain
Energy Insights and News

New Fields Grow Gulf of Mexico Production in 2024

Comments: 0

Several new deepwater projects are planning to start up this year and contribute to higher production from the Gulf of Mexico (GoM).

The offshore GoM remains a critical hub for oil and gas exploration, attracting significant investment from major industry players such as BP, Chevron (CVX), ExxonMobil (XOM), and Shell (SHEL). New deepwater projects planning to start this year include Winterfell, Whale, and Anchor.

tdn 2.8-1

Beacon Offshore Energy recently announced a final investment decision for the Winterfell discovery. Beacon will use a subsea tieback to the Heidelberg spar in Green Canyon Block 860. The field is expected to yield first oil in 2Q24, with initial production estimated at ~22 Mboe/d.

The Whale and Anchor deepwater fields are also due to begin first production in 2024. Located in the Alaminos Canyon block, the Whale field is owned by Chevron (40%) and Shell (60%) and operated by Shell Offshore. Located in the Green Canyon area, the Anchor field is owned by Chevron (62.86%) and TotalEnergies (37.14%) and operated by Chevron USA. Whale production is expected to peak in 2026 at ~90 Mboe/d, while Anchor is projected to peak in 2027 at ~70 Mboe/d.

The offshore industry has also seen merger activity recently. Talos Energy announced it is acquiring QuarterNorth Energy for $1.29B. The move aims to enhance Talos Energy's GoM deepwater portfolio, adding expected production of about 30 Mboe/d in 2024. — Maria Paz Urdaneta Tickers: BP, CVX, SHEL, XOM.



Ripple Effect: How Louisiana Will Reshape the US Gas Market: Online Webinar on February 28th

Join Rextag and East Daley as we trace the ripple effect that will cascade across the US as we plunge into a more volatile and dynamic gas market. Register here. 


New EDA Product: West Coast Supply & Demand

The West Coast Supply & Demand report is your go-to resource for mastering the energy market from the California coast to the western Colorado Rockies. This dynamic product offers extensive regional coverage, precise production forecasts for key basins, and in-depth pricing analysis, specifically examining the Colorado pricing spread from CIG Mainline to NW Pipeline Rockies.

Stay ahead of the competition with strategic insights, ensuring you make informed decisions and capitalize on emerging opportunities. Elevate your business with unparalleled market intelligence – invest in the West Coast Supply & Demand report today.


New EDA Product: Houston Ship Channel Supply & Demand

The Houston Ship Channel Supply & Demand report allows users to dive deep in understanding, and monitoring Houston Ship Channel natural gas dynamics. The product contains monthly updates of relevant price spreads, pipeline flows, production and demand estimates affecting the South Texas market, with forecasts extending 5 years into the future. Learn more about the Houston Ship Channel Supply & Demand report.


Energy Data Studio

East Daley Analytics has launched Energy Data Studio, a platform for our industry-leading midstream data and commodity production forecasts. All clients have access to the new client portal. If you have not yet logged in, please fill out the form to request a registration email be resent.

Energy Data Studio leverages our G&P data set for insights into midstream assets across every major oil and gas basin in North America. Users can navigate detailed visual dashboards by region, pipeline, or individual asset to understand crude oil, natural gas and NGL supply at the most granular level.

Energy Data Studio is available through data downloads from the visual interface, in Excel files, or as a direct feed delivered into subscribers’ workflow via secure file transfer. To learn more about Energy Data Studio, please contact insight@eastdaley.com.


The Daley Note

Subscribe to The Daley Note (TDN) for midstream insights delivered daily to your inbox. The Daley Note covers news, commodity prices, security prices and EDA research likely to affect markets in the short term.

About the AuthorEast Daley Analytics