Permian Basin
News
November 06, 2019
Gravity's acquisition of On Point will create the largest commercial produced water disposal company by injection volumes in the Midland basin.
News
November 05, 2019
Oxy pledged to slash spending by 40% next year after quarterly profit fell short of forecasts due in part to the oil explorer’s $37 billion takeover of Anadarko.
News
November 03, 2019
America’s two biggest oil majors are leaning on booming shale production in the Permian basin to weather the gathering macroeconomic storm of lower oil demand, weak commodity prices and slowing global growth.
News
October 23, 2019
Chevron sees a “boom boom boom kind of economy” in West Texas, shrugging off signs of a Permian Basin slowdown showing up in everything from jobs to hotel rooms.
News
October 07, 2019
Newly commissioned Permian basin crude pipelines have yet to boost U.S. crude exports, as the ongoing U.S-China trade war weighs on demand from Asia.
News
October 04, 2019
Through August, Permian employment has grown at an annualized rate of 0.7%, far less than the 11.4% growth of the same period last year, the Dallas Fed said Wednesday in its latest monthly report.
News
September 24, 2019
Under the terms of the partnership, Henry and Pickering Energy Partners will target to invest at least $500 million in producing asset packages to be operated by the Henry team.
News
September 20, 2019
Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together, according to a Houston-based investment bank.
News
September 06, 2019
The EIA reports that natural gas spot prices at the Waha hub in western Texas, located near Permian basin production, settled at $1.55/million British thermal units (MMBtu) on August 15, the highest price since March 2019. This price increase coincides with the 2 Bcfd Gulf Coast Express Pipeline (GCX) preparing to enter service.
News
September 05, 2019
A bloodbath in energy stocks is creating a rich opportunity for Big Oil to dominate America’s hottest shale play. Exxon Mobil’s chief said Wednesday his company is keeping a “watchful eye” on the Permian for potential deals.
Whitepaper
Further pipeline infrastructure essential as Permian oil production surges
July 26, 2018
News
March 05, 2018
As the intensity of completing unconventional wells continues to grow, so too do the demands on fracturing equipment. Longer laterals, rising stage counts, and increased pressures and proppant loadings per stage make hydraulic fracturing an extremely difficult—and consumptive—enterprise, particularly in the challenging wells seen in regions like the Permian basin.
News
February 27, 2018
The world’s hottest oilfield area, the Permian basin of West Texas and New Mexico, isn’t without its risks.
News
February 20, 2018
Royal Dutch Shell Plc said it’s potentially interested in BHP Billiton Ltd.’s oil assets on sale in the Permian basin in the U.S. as it seeks to boost its role in shale.
News
February 14, 2018
Demand in the Permian basin for cost-effective ways of improving performance continues to increase. While a simple solution might involve purchasing entirely new equipment, in many cases this isn’t feasible due to both current constraints on capital expenditures and unacceptable downtime caused by long lead times for newbuilds. To address this issue, National Oilwell Varco (NOV) developed an upgrade package—the TDS-11SAE—for its top drives to elevate their performance beyond standard levels.
News
February 07, 2018
The Oilfield Technology Group (OTG) of Hexion Inc. (Hexion) today announced its new Voyager mobile resin coating service. Initially located in the Permian basin, the innovative Voyager service is the first mobile manufacturing solution that provides in-basin resin coated proppant manufacturing for application in the oil and gas industry.
News
February 05, 2018
The U.S.’s Permian basin is looking like Saudi Arabia, with as much as 1 MMbbl of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter.
News
February 01, 2018
The Bakken shale is roaring back to life, and Kevin Black sees the evidence almost every day as he looks out the window of his blue Ford F-150 pickup truck.
News
January 30, 2018
ExxonMobil today announced that it plans to triple total daily production to more than 600,000 boe by 2025 from its operations in the Permian basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period.
News
January 03, 2018
Andeavor has announced that it has agreed to acquire 100% of the equity of Rangeland Energy II, LLC. Rangeland owns and operates assets in the Delaware and Midland basins, including a recently-constructed crude oil pipeline, three crude oil storage terminals and a frac sand storage and truck loading facility.
News
May 17, 2017
FairfieldNodal and Schlumberger today announced a strategic multiclient joint venture in the southern Delaware basin of West Texas.
