Permian Basin
News
October 06, 2023
The deal would be Exxon’s biggest acquisition since merging with Mobil Corp. in 1999, and would make the energy giant the top producer in the most prolific U.S. oil basin.
News
October 01, 2023
The nation’s production rose to 12.991 MMbpd, the highest since a peak of 13 MMbpd in November 2019, according to data from the Energy Information Administration. Most of the gain came from Texas, where oil drillers produced a record 5.63 MMbpd.
News
September 27, 2023
In addition to expressing concerns regarding costs, executives continued to criticize President Joe Biden for his energy policy that many see as intended to run them out of business.
News
September 26, 2023
The survey is designed to assist in the evaluation and horizontal development of multiple zones, including the emerging Barnett Shale, Mississippi Lime, and Devonian horizons, which are highly prospective with analogous play concepts having been proven just north of Pontiac in Andrews County.
News
September 25, 2023
The Permian Strategic Partnership welcomed its 25th member, Liberty Energy, a North American oil field services firm that offers suites of completion services and technologies to onshore oil and natural gas exploration and production companies.
News
September 25, 2023
Costs for drilling rigs and steel used to line the inside of oil wells have come down recently, Chief Executive Officer Rick Muncrief said during an interview on Monday.
News
September 15, 2023
Through these historic partnerships, the TTU System and UT System become the first university members of the PSP, bringing unparalleled academic resources and expertise to the coalition.
News
August 30, 2023
According to the latest report by the Permian Strategic Partnership, the Permian basin had a record year for tax revenue collected from the oil and gas industry. These funds support tax relief, road improvements, public schools and teachers, police and fire departments, community hospitals, universities, and other essential services.
News
August 29, 2023
Geologically viable but unproven inventory is at the forefront, as high-quality drilling locations become scarce over the next decade.
News
August 25, 2023
Rigs targeting both crude and natural gas in the West Texas and southeast New Mexico region declined by 7 to 320 this week, according to data released Friday by Baker Hughes Co.
News
August 23, 2023
he addition of Mewbourne Oil Company enriches the group of industry leaders leveraging their resources to improve the lives of residents in West Texas and Southeastern New Mexico.
Article
August 2023
A hybrid geophysical method enables engineers to understand the relationship between saltwater injection in the Ellenburger formation of West Texas and associated earthquake activity. The innovative combination of technologies provides operators with a reliable earthquake probability map to guide planning of injection wells and schedules to avoid environmental issues.
News
August 21, 2023
The transaction strengthens Permian Resources’ position as a leading Delaware basin independent E&P with over 400,000 Permian net acres, pro forma production of approximately 300,000 boed and an enhanced free cash flow profile to increase returns to shareholders.
News
August 17, 2023
Founders’ CBP operations are located in the Permian basin in Ector County, Texas, and are focused on the development of approximately 3,600 net acres that are similar to Ring’s CBP assets acquired in 2022 from Stronghold Energy Operating II, LLC.
News
August 16, 2023
The Permian Strategic Partnership (PSP) applauds the Texas Department of Transportation’s (TxDOT) approval of the Unified Transportation Program (UTP), which serves as TxDOT’s infrastructure plan for the next decade.
News
August 07, 2023
The assets acquired include 275,000 net acres in the Denver-Julesburg (DJ) basin adjacent to Chevron’s existing operations, which add more than 1 Bboe proved reserves, and 25,000 net acres in the Permian basin that are held by production.
News
August 01, 2023
Texas production, which accounts for about 40% of the nation’s crude oil output, climbed to 5.49 MMbpd in the period, the highest in monthly government data going back to 1981.
News
July 31, 2023
With this addition, ChampionX joins a roster of companies committed to responsibly developing resources in the Permian basin while improving residents' quality of life in West Texas and Southeastern New Mexico.
News
July 28, 2023
Exxon produced about 620,000 bpd in the second quarter from the world’s largest shale basin, which straddles Texas and New Mexico, while Chevron’s output increased to 772,000 bbl, the companies said Friday. Together, the companies’ Permian production now makes up nearly a quarter of the basin’s total.
News
July 26, 2023
Applying the latest technology to BCCK’s advanced NRU process, the 175 MMSCFD NiTech Style IV will be added to an existing gas plant to improve efficiencies on residue gas compression.
News
July 26, 2023
With PE activity in the industry slowing and fewer remaining opportunities to buy private companies, public company M&A is likely to take on an increasingly important role in the overall deal market.
