Permian Basin
News
April 04, 2019
The National Multiple Sclerosis Society is seeking a buyer for mineral rights on 192 net acres in the oil-rich Permian Basin of West Texas, according to an online posting Wednesday.
News
March 31, 2019
The decline pushed overall U.S. production lower by 90,000 bopd, marking the first national drop since May, according to revised data from the Energy Information Administration. January production clocked in at 11.87 MMbopd.
News
March 26, 2019
While Paul Vega drives his pick-up truck through the heartland of the Permian basin -- the vast tract of west Texas scrub where one of history’s greatest oil booms means miles-long traffic jams -- Vega says there’s more crude being pumped than America’s refineries can absorb.
News
March 15, 2019
Permian shale oil explorer Legacy Reserves Inc. lost more than half its market value after announcing plans to explore “strategic alternatives” including selling all or part of the company.
News
March 14, 2019
Exxon Mobil plans to reduce the cost of pumping oil in the Permian to about $15/bbl, a level only seen in the giant oil fields of the Middle East.
News
March 13, 2019
During Day 2 of CERAWeek 2019, the leadership dialogue continued with Chevron Chairman of the Board and CEO Mike Wirth, who spoke to the crowd about Chevron’s goals in the Permian basin and Gulf of Mexico.
News
March 11, 2019
Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world’s biggest shale oil field prepares for mergers.
News
March 06, 2019
At its annual Security Analyst Meeting, Chevron Corporation announced expectations for significant cash flow growth, disciplined spending, and expanding production over the next five years.
News
March 05, 2019
ExxonMobil said today it has revised its Permian basin growth plans to produce more than 1 MMboed by as early as 2024 – an increase of nearly 80% and a significant acceleration of value.
News
March 03, 2019
Emerson has announced the opening of a new $4 million Permian Basin Service Center to bring enhanced oil and gas technologies and services to the fast-growing region.
News
February 26, 2019
ExxonMobil Corporation has said that it added 4.5 Bboe of proved oil and gas reserves in 2018, replacing 313% of the year’s production.
News
February 15, 2019
Warren Buffett showing up in your share register can be a bittersweet affair.
News
February 11, 2019
Blackstone has announced that funds managed by Blackstone Energy Partners L.P. have formed Waterfield Midstream, a full-cycle provider of water management services, including water gathering, treatment, recycling and disposal, to provide solutions to producers in the Permian Basin.
News
February 01, 2019
Exxon Mobil shares jumped after surpassing analysts’ forecasts by almost one-third with the biggest refining bonanza in six years and booming oil production in the Permian basin.
News
January 24, 2019
Cracks are emerging in the U.S. oil machine.
News
January 17, 2019
Vista Proppants and Logistics, LLC has commenced operations of a transload terminal facility to facilitate enhanced delivery of frac sand into the Midland and Delaware Basins of the Permian Basin.
News
January 16, 2019
QEP Resources Inc. -- the energy explorer Elliott Management Corp. proposed to buy last week -- is working with Evercore Inc. to explore a sale, according to people familiar with the matter. Its shares rose as much as 5.4% on the news.
News
January 13, 2019
Chevron Corp. will spend about half its capital budget on projects that yield quick returns over the next three years, underscoring the importance of shale as it prepares for growing uncertainty in how the world consumes energy.
News
January 07, 2019
Elliott Management Corp. made a $2 billion proposal to acquire the portion of QEP Resources Inc. that it doesn’t already own as the activist investor expands its private equity prowess into the energy space.
News
January 01, 2019
Ring Energy has announced that it has closed its transaction with Tessara Petroleum Resources, a wholly owned subsidiary of The Carlyle Group L.P., for assets located in Andrews County, Texas.
News
December 30, 2018
Oil producers again boosted U.S. drilling this week despite the biggest quarterly drop in oil prices since 2014.
