Permian Basin
News
December 30, 2022
U.S. shale executives remain concerned about the outlook for rising costs going into 2023 as they continue to struggle with hiring and retaining workers, according to the Federal Reserve Bank of Dallas.
News
December 27, 2022
If 2022 was big for international oil, it was astronomical for the domestic sector. From our coveted annual World Oil Awards to happenings in West Texas, news never stopped flowing. Read the top home-grown stories of 2022 here.
News
December 19, 2022
The Railroad Commission activated personnel in response to a 5.4 magnitude earthquake about a dozen miles north of Midland in Martin County. They will take any necessary actions to protect public safety and the environment.
News
December 12, 2022
With over two-thirds of the Permian’s premium land now drilled, producers are seeking more permits than ever to burrow beneath Midland and its 130,000 residents.
News
November 17, 2022
Diamondback will acquire drilling rights across 15,000 net acres in the Permian’s northern Midland Basin in Texas from closely held Lario Oil and Gas Co. for $850 million in cash and 4.18 million shares, according to a statement on Wednesday.
News
November 17, 2022
The 5.3-magnitude earthquake hit at 3:34 p.m. local time near Mentone, Texas, according to the US Geological Survey. The event topped a magnitude 5 quake that struck just north on March 26, 2020 and was considered the region’s largest.
News
November 16, 2022
Texas oil and gas production will continue to recover and grow during 2023, and use of oilfield electrification will expand with it. That was the takeaway message from Texas Alliance of Energy Producers President Jason Modglin, who delivered the keynote address Tuesday morning during Day 1 of World Oil’s Oilfield Electrification Technology Conference.
News
November 15, 2022
Operators in America’s biggest shale oil basin are set to significantly increase the amount of natural gas they burn into the atmosphere because of a lack of pipeline capacity to ship it elsewhere.
News
November 04, 2022
Texas oil and gas regulators this week assessed more than $688,000 in fines involving 262 enforcement dockets against operators and businesses at the Commissioners’ Conference.
News
November 03, 2022
US oil-supply growth is being hindered by “rapidly escalating” equipment costs and supply-chain snags, ConocoPhillips CEO Ryan Lance said Thursday.
News
October 24, 2022
Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel.
News
October 12, 2022
Diamondback Energy Inc. agreed to buy closely held FireBird Energy LLC in a cash-and-stock deal valued at about $1.6 billion, enabling the U.S. shale oil producer to grow in the Permian Basin.
News
September 26, 2022
Now, in a sign of just how much Russia’s invasion of Ukraine has thrown global energy markets into disarray, it’s natural gas, not oil, that’s becoming more coveted in U.S. shale fields.
News
September 15, 2022
The Permian Strategic Partnership announced today the addition of two new companies, Kinetik and WaterBridge Resources, bringing its member company count to 19.
News
September 01, 2022
Investors desperate for clues on the outlook for U.S. shale oil production now have one of their first official forecasts for 2023, with the new chief executive officers of Permian Resources Corp. planning a 10% increase to take advantage of elevated crude prices.
News
July 21, 2022
The Biden administration’s plan to crack down on smog in the oil-rich Permian Basin threatens to curb crude production while gasoline prices are near record highs and energy scarcity grips the globe, the industry warned Thursday.
News
July 18, 2022
More U.S. shale producers should aim for net-zero emissions, while drillers that have already made climate pledges need to set more aggressive timelines to reach their goals, according to investor Kimmeridge Energy Management.
News
July 07, 2022
Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas
industry following the Texas Comptroller of Public Accounts’ announcement of record-breaking tax revenues from the industry.
News
July 06, 2022
Frac sand, which gets blasted through shale rocks to unlock oil and natural gas, is averaging $55 a ton, up from $22 at the end of 2021. Demand is climbing as oil explorers turn the taps back on after Covid-driven cutbacks.
News
June 27, 2022
Energy Workforce & Technology Council's CEO said the EPA’s regulatory notice that it is considering designating parts of the Permian Basin as non-attainment zones which could trigger mandatory regulatory actions by the state of Texas would be detrimental to energy security.
News
June 24, 2022
The Biden administration is considering triggering tougher anti-smog requirements that could curb drilling across parts of the Permian Basin, the world’s biggest oil field that straddles Texas and New Mexico.
