Permian Basin
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.
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.
