Permian Basin
News
December 16, 2024
ExxonMobil has named Tenaris its 2024 Supplier of the Year, recognizing the company’s performance, competitiveness and high standards as consistent with ExxonMobil’s values and expectations.
News
December 16, 2024
Diamondback Energy, Halliburton Energy Services and VoltaGrid LLC have entered into a landmark agreement to deploy four advanced electric simul-frac fleets across the Permian basin.
News
December 10, 2024
SPM™ Oil & Gas announced that their SPM™ WS 335 Frac Pump has achieved more than 13,000 pumping hours in the Permian before its first overhaul, demonstrating an ability to last four times longer than traditional pressure pumping equipment.
News
December 05, 2024
(Bloomberg) – Chevron Corp. plans to slow production growth in the biggest U.S. oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up American oil output.
Article
November 2024
InjectRT™, a novel intelligent chemical treatment optimization service from Baker Hughes, uses cutting-edge machine learning techniques to automatically calculate and adjust chemical injection rates in near real-time. This technology minimizes corrosion and scaling, extends the run life of ESPs, and increases production.
News
November 22, 2024
(Bloomberg) – Occidental Petroleum Corp. warned that U.S. energy independence is at risk of slipping away if shale output plateaus, which could come in the next five years, CEO Vicki Hollub said in Midland, Texas this week.
News
November 19, 2024
ONEOK has agreed to sell its three wholly owned interstate natural gas pipeline systems—Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission—to DT Midstream for $1.2 billion in cash.
News
November 19, 2024
LandBridge today announced it has entered into a purchase and sale agreement to acquire approximately 46,000 largely contiguous surface acres in the Southern Delaware basin. The land is well-positioned at a strategic intersection of oil and natural gas exploration and transportation.
News
November 18, 2024
ChampionX has completed a multi-million-dollar transformative project to enhance its chemical manufacturing hub in the Permian basin. The project is a key initiative to meet industry demands while reducing inter-plant transportation, and associated carbon emissions, by approximately 56.7 tons of CO2 per year.
News
November 13, 2024
(Bloomberg) -- Texas oil and natural gas producer Coterra Energy Inc. has reached agreements with two closely-held companies to buy assets in the Permian Basin for $3.95 billion. The deals expand Coterra’s reach on the fast-growing New Mexico side of the top U.S. shale basin. The sale is expected to close in Q1 2025.
News
November 10, 2024
Last Mile Production will implement B4ECarbon™ in its West Texas oil and gas operations. A collaborative effort by Blockchain for Energy (B4E) and Enovate Ai, B4ECarbon™ is an emissions management solution to streamline emissions tracking and reduce the environmental impact of operations.
News
November 01, 2024
(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. beat analysts’ profit, output and sales estimates as rising oil production from the Permian Basin helped offset weaker crude prices.
News
October 24, 2024
(WO) — Matador Resources Co. plans to produce more oil in 2024 than previously planned, a signal that wells in the western part of the Permian basin — the busiest U.S. oil field — continue to lead national oil growth.
News
October 14, 2024
(WO) — Bowman has won a $1.2 million contract with a leading exploration and production company to provide comprehensive asset management and regulatory compliance tracking services for over 1,000 wells in the Delaware basin, Texas.
News
October 02, 2024
Matterhorn Express Pipeline has begun transporting natural gas into Williams Cos.’s Transco pipeline, a long-awaited addition to midstream infrastructure serving the Permian basin.
News
September 17, 2024
The Midland, Texas-based company, which recently finalized its acquisition of Endeavor Energy, has also signed a nonbinding letter of intent with nuclear power developer Oklo Inc. to deploy small reactors for some of its future electricity needs.
News
September 12, 2024
Diamondback Energy announced that it has closed its merger with Endeavor Energy Resources, the company said on Sept. 10.
News
September 11, 2024
The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf, and currently represent estimated net production of 21,000 boed, of which approximately 57% is oil.
News
August 29, 2024
The deal was “fundamental” to the Colombian oil producer’s future and without the resources it would have provided, its finances will deteriorate, Juan José Echavarría and Luis Alberto Zuleta wrote in their resignation letter, which is dated Aug. 30 but has already been published by local media.
News
August 29, 2024
Drillers have extended the horizontal length of their wells since the pandemic to three miles or more to squeeze more output from their sites. The longer so-called laterals are often credited with helping explorers deliver surprise production growth of 1 MMbpd last year.
News
August 27, 2024
The package includes older wells in the Permian’s Central basin that produce small but stable amounts of oil, according to people familiar with the matter who declined to be named because sale negotiations are private.
