Permian Basin
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.
News
July 24, 2023
Chevron Corp.’s board is waiving the mandatory retirement age for CEO Mike Wirth, giving the company more time to find a successor as it notches record production from the world’s most prolific shale basin.
Article
July 2023
A sensor at a PDC bit measures downhole dysfunction and is used in combination with an automated dull grading system to calculate bit damage. The high-frequency data enable engineers to determine the bit design changes required to improve drilling efficiency.
News
July 04, 2023
NOG jointly acquired the Delaware basin assets with Vital Energy, Inc., which will become operator. In connection with the transaction, NOG and Vital entered into cooperation and joint operating agreements, which include a multi-year development plan for the Forge assets.
News
June 28, 2023
An operator working in the Delaware basin wanted to increase efficiencies by simul-fracing two wells that were about 1,200 ft. apart. Connecting two, three-well pads added additional technical challenges.
News
June 28, 2023
The 160 MMSCFD NiTech Style IV NRU, the company’s latest design, features a modular skidded design that can adjust to compositional or flow capacity changes. The Style IV delivers high recoveries and reduces overall emissions.
News
June 20, 2023
According to a company statement, the transactions will fundamentally transform Civitas into a stronger, more balanced, and sustainable enterprise with a deep inventory of high-return drilling opportunities in the heart of the Permian and DJ basins.
News
June 15, 2023
Q4 2023 production is expected to increase by 30,000-35,000 boed (37% oil) relative to the current operating plan and guidance.
News
June 15, 2023
The grassroots facility will utilize BCCK’s premier NiTech NRU technology in West Texas. The project will use BCCK’s 220 MMSCFD NiTech Style IV NRU designed optimally for plants operating in both ethane recovery and in rejection.
News
June 13, 2023
In 2024, Ovintiv expects to deliver total company oil and condensate production of greater than 200 Mbpd with total capital investment of $2.1 billion to $2.5 billion. The company's production profile is expected to normalize by mid-year 2024 with second-half 2024 oil and condensate production stabilizing at 200 Mbpd.
News
May 23, 2023
The company is targeting assets with a significant inventory of horizontal locations, vertical locations, or recompletion opportunities.
News
May 22, 2023
The acquisition of PDC provides Chevron with high-quality assets expected to deliver higher returns in lower carbon intensity basins in the United States.
News
May 18, 2023
Kimbell Royalty Partners, LP has closed the previously announced purchase of mineral and royalty interests held by MB Minerals, L.P, a subsidiary of Sabalo Holdings, LLC , in a cash and unit transaction valued at approximately $140.8 million in the Midland basin.
News
May 17, 2023
The company will participate in the drilling and completion of 2 gross wells (0.5 net), both 10,000’ laterals, over the remainder of 2023 (the first well is already drilled, first production from both wells is estimated for the fourth quarter of 2023).
News
May 16, 2023
The Acquired Assets are primarily located in Ward and Reeves Counties, Texas and include approximately 10,200 net acres, 30.5 net producing wells, 2.3 net wells-in-process and roughly 20 low-breakeven net undeveloped locations.
