Permian Basin
News
March 15, 2020
America’s oil output could drop nearly 20% as shale drillers slash capital spending and reduce activity after the biggest crash in crude prices since 1991, according to one of the country’s biggest independent producers.
News
March 13, 2020
Occidental Petroleum implemented a so-called poison pill plan to defend against unsolicited takeover approaches just a day after activist investor Carl Icahn escalated his campaign to fire the beleaguered U.S. oil producer’s board.
News
March 13, 2020
In the aftermath of the 2014 oil crash, U.S. shale learned a painful lesson: Not all hedging strategies pay off. Countless producers were left exposed to big losses after oil plunged to levels that made their insurance less valuable.
News
March 10, 2020
At a stroke, Saudi Arabia and Russia and their battle for market share have made almost all U.S. shale drilling unprofitable. Only five companies in two areas of the country have breakeven costs lower than the current oil price.
News
March 09, 2020
The Saudi-Russia oil price war could mark the end of a historic boom that vaulted the U.S. to predominance in world crude production.
News
March 05, 2020
Exxon Mobil is slowing the pace of its flagship shale project in the Permian Basin, one of the first signs that the oil majors are throttling back on production in response to the recent slump in prices.
News
March 04, 2020
Troubled oil and gas companies may have a hard time persuading their bankers to keep extending credit as the outlook darkens for energy, potentially leading to more bankruptcies in the already-beleaguered sector.
News
March 04, 2020
A member of the top energy regulator in Texas lost his place on November’s ballot to a Republican challenger, a major upset for an incumbent supported by some of the oil industry’s biggest names.
News
February 27, 2020
Apache is officially calling it quits on a highly publicized but disappointing shale discovery in West Texas after vehemently defending the play’s prospects for about three years.
News
February 19, 2020
Texas Railroad Commissioner Ryan Sitton recommends a new methodology for measuring gas flaring, saying that acting based on current measurements would only increase greenhouse gas emissions worldwide.
News
February 12, 2020
The new wide-azimuth datasets will provide a better understanding of the structural complexity of the transition between the Central Basin Platform and surrounding basins to enhance industry drilling efforts.
News
February 11, 2020
In today's episode, we look at what the coronavirus is doing to Chinese gas demand, and the rare steps China is taking in response; gas prices in the U.S. fall to a four-year low; and oil holds around $50 in spite of OPEC's inaction.
News
February 10, 2020
The report will showcase flaring trends, its proportion to surging oil production and potentially a list of the best and worst operators, said Ryan Sitton, a member of the Texas Railroad Commission.
News
January 29, 2020
According to the Texas Alliance of Energy Producers (TAEP) Texas Petro Index (TPI), 2019 was a year of contraction in the Texas upstream oil and gas economy. This is the key finding enunciated by TAEP Executive Vice President and Economist Karr Ingham during a briefing for industry media in Houston on Tuesday.
News
January 29, 2020
Oilfield Helping Hands (OHH) and Roseland Oil & Gas are holding the 2nd Annual Black Gold Bash: a benefit concert featuring Randy Rogers Band and The Hamiltons on March 25, 2020, at Midland County Horseshoe Amphitheatre.
News
January 28, 2020
The Railroad Commission of Texas launched two more interactive data maps showing oil and gas drilling permit approvals and the number of wells spudded. Information is displayed by counts, operators, county locations and on a statewide level.
News
January 27, 2020
An election held in the U.S. in 2020 could do a lot to shape global climate outcomes in the immediate future. It won’t feature Joe Biden, Bernie Sanders, or Elizabeth Warren, and the winner won’t live in the White House.
News
January 22, 2020
U.S. shale oil fracking has already peaked and is in a period of sustained contraction, according to two major providers of services to the industry.
News
January 13, 2020
For two years in a row since 2018, Railroad Commission of Texas staff have set a historic record of taking just two days on average to process standard drilling permits, one day below the legislative requirement.
News
January 10, 2020
Texas Pacific Land Trust, a land bank that doesn’t produce oil, is one of the best ways for investors to gain exposure to the world’s largest shale field, according to Stifel Financial Corp.
News
January 03, 2020
Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity that’s already spurring midstream rate cuts and could mean cutthroat competition ahead.
