Permian Basin
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.
News
June 17, 2022
Targa Resources Corp. has agreed to buy Permian natural gas processor Lucid Energy Delaware LLC from Riverstone Holdings LLC and Goldman Sachs Asset Management for $3.55 billion in cash.
News
June 14, 2022
Billionaire Harold Hamm may trigger a bidding war for Continental Resources Inc. with his $4.3 billion takeover offer for the shale powerhouse he founded.
News
June 10, 2022
Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up roughly 132,000 net acres in the Permian Basin for a sale of the company that could fetch more than $1 billion.
News
May 25, 2022
Even with crude above $100 a barrel, producers in the Permian and other U.S. shale basins are riding the brakes.
News
May 19, 2022
Centennial Resource Development Inc., a shale oil producer in the Permian Basin, agreed to acquire private equity-backed rival Colgate Energy in a cash-and-stock deal valued at about $2.5 billion.
News
May 18, 2022
The recovery of the shale patch workforce is still years in the making despite the frothy profits that rallying crude prices are generating for U.S. oil companies and their contractors.
News
April 29, 2022
Chevron Corp. lifted its production target in North America’s biggest oil field in a sign that U.S. shale is responding to $100-a-barrel crude despite rising cost pressures and equipment shortages.
News
April 19, 2022
Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half a decade.
News
April 13, 2022
Drilling permits for new wells have spiked to unprecedented levels in the Permian Basin, signaling crude oil suppliers in America are finally responding to higher prices.
News
March 31, 2022
There’s been a rush of investors to fuel Bitcoin mines with gas that would otherwise be burned off or vented into the atmosphere in oil-producing fields.
News
March 16, 2022
Any company that fails to respond within 60 days “will be presumed to be boycotting energy companies,” according to a statement released on Wednesday.
News
March 07, 2022
In the Western Permian Basin, the Railroad Commission began implementation of a first of its kind operator-led response plan that addresses injection-induced seismicity to help keep residents and the environment safe.
News
February 23, 2022
Diamondback Energy Inc. Chairman and CEO Travis Stice said the shale driller will maintain flat production in the Permian Basin this year.
News
February 15, 2022
Continental Resources Inc. sees oil production swelling as much as 28% this year as its new Permian assets add to output.
News
February 14, 2022
Production from America’s Permian Basin reached a record high for the third month in a row in January as a red-hot price rally keeps shale drillers busy.
News
February 11, 2022
ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin.
News
February 10, 2022
Crude oil production from the prolific Permian basin of West Texas has topped estimates and may grow by an annual rate of 600,000 barrels a day for years to come.
News
February 04, 2022
The extreme cold that’s descended across Texas is prompting some oil producers in the Permian Basin to halt a small part of their output as icy roads disrupt critical trucking operations.
News
February 02, 2022
Vitol Group, the world’s largest independent oil trader, is partnering with shale specialists who formerly led Brigham Exploration Co. to expand amid the highest crude prices in seven years.
News
February 01, 2022
President Joe Biden, who asked OPEC+ to raise oil production faster to tame runaway energy prices, got a gift on his home turf instead: a blockbuster growth forecast for U.S. shale production from the country’s two biggest oil companies.
