Permian Basin
News
May 17, 2017
FairfieldNodal and Schlumberger today announced a strategic multiclient joint venture in the southern Delaware basin of West Texas.
News
May 17, 2017
Chisholm Energy announced that it has closed on the acquisition of its first asset, located in the New Mexico region of the Delaware basin.
News
May 11, 2017
Peregrine Petroleum Partners, Ltd., have announced that it has re-entered the Permian basin with the closing of a joint venture to develop a resource asset in the Southern Permian basin.
News
May 09, 2017
As crude oil production in the Permian basin of western Texas and eastern New Mexico has increased, pipeline infrastructure has also increased to deliver this crude oil to demand centers on the U.S. Gulf Coast.
News
April 25, 2017
According to Energy Security Analysis’ North America Watch, production of crude oil from the Permian basin will continue to outpace pipeline capacity in the region.
News
April 20, 2017
Since the early days of U.S. shale development, we have observed impressive efficiency and well productivity gains realized by E&P companies. These gains were triggered by a gradual learning process, optimization of completion techniques and well configuration, and high grading of drilling locations and equipment.
News
April 18, 2017
The oil boom in the Permian basin, America’s most prolific crude play, has become a gas boom.
News
April 17, 2017
Blackstone Group LP agreed to acquire pipeline company EagleClaw Midstream Ventures for about $2 billion in cash, the latest deal in the prolific Permian basin of West Texas.
News
April 11, 2017
The usual suspects have planted their flags along the dusty byways of the Permian basin, declaring where they’ve staked claims. There are names like Royal Dutch Shell Plc, Anadarko Petroleum Corp., Pioneer Natural Resources Co. And, on signs fronting a barbed-wire fence, BHP Billiton Ltd.
News
March 29, 2017
Working with fresh technology that lets producers drill longer wells than ever before, companies such as Pioneer Natural Resources Co., Parsley Energy Inc. and Double Eagle Energy Permian LLC are increasingly haggling with other producers for slivers of land that allow them to extend the reach of their drilling with hardly any acquisition costs.
News
March 29, 2017
The newest oil refineries in Texas are looking to join the hottest two plays in the North American oil industry.
News
March 23, 2017
DALLAS -- Pioneer Natural Resources Company has announced that it has signed a purchase and sale agreement with an undisclosed buyer to sell its previously-announced acreage package in northeastern Martin County, Texas, for $266 million, subject to normal closing adjustments.
News
March 21, 2017
Marathon Oil Corporation announced today the signing of a definitive agreement to acquire approximately 21,000 net surface acres largely in the Permian's Northern Delaware basin of New Mexico from Black Mountain Oil & Gas and other private sellers for $700 million in cash, excluding closing adjustments.
News
March 13, 2017
A drilling surge in America’s hottest oil play may prove to be a pitfall for natural gas bulls.
News
March 10, 2017
Private equity firms Pine Brook and Riverstone Holdings agreed to invest as much as $600 million in a newly created oil and natural gas explorer in Texas’s energy-rich Permian basin.
News
March 09, 2017
Chevron plans to capitalize on its Permian basin position of 2 million acres by growing production in the region 25% to 35% through the end of the decade, said Chevron Chairman and CEO John Watson during remarks delivered Wednesday at the 2017 CERAWeek conference in Houston.
News
March 09, 2017
Marathon Oil Corporation announced today that it has signed an agreement to sell its Canadian subsidiary, which includes the Company's 20% non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for $2.5 billion in cash, excluding closing adjustments.
News
March 08, 2017
Lessons learned from the shale revolution, combined with excellent geology, will allow Permian basin operations to grow and maintain profitability at a mere $40/bbl, according to two of the region’s top operators—Occidental Petroleum and Pioneer Natural Resources.
News
February 27, 2017
Borets, specializing in the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, has purchased a new operations facility in Midland, Texas.
News
February 23, 2017
VAM USA announces the opening of a new VAM field service office located at 2456 IH-20 in Odessa, TX bringing the number of service locations in Texas to three.
News
February 16, 2017
Occidental Petroleum Corp. is working with Citigroup Inc. to handle the sale of about 180,000 acres of E&P assets that hug the border with Mexico in South Texas, according to people familiar with the plans.
