Permian Basin
News
December 30, 2018
Oil producers again boosted U.S. drilling this week despite the biggest quarterly drop in oil prices since 2014.
News
December 19, 2018
The U.S.’s biggest oil field may be about to pump the brakes if crude keeps plunging.
News
December 18, 2018
Economic jitters and surging supplies from the U.S. to Russia hammered oil again, with crude suffering its biggest decline in more than three weeks.
News
December 17, 2018
Shell is in negotiations to buy Endeavor Energy for $8 billion, or roughly half as much as the Texas oil producer was expected to fetch when it put itself on the block this year.
News
December 17, 2018
Exxon Mobil Corp. has overtaken rivals to become the most active driller in the Permian Basin, showing the urgency with which the world’s biggest oil company by market value is pursuing U.S. shale.
News
December 13, 2018
Andy Hall, the oil trader nicknamed “God” for his lucrative calls on crude, says the U.S. shale boom has made it far harder to predict global supplies.
News
December 13, 2018
Jagged Peak Energy is considering expanding its footprint in the oil-rich Permian basin.
News
December 10, 2018
ConocoPhillips, the world’s largest independent oil producer, sees shale production growing 25% next year even as crude prices tumble, proving the industry’s resilience in volatile markets, said CEO Ryan Lance.
News
December 09, 2018
Oil explorers dialed back on drilling at the fastest pace in 2 1/2 years in U.S. fields as volatile crude prices crippled efforts to plan for growth.
News
December 06, 2018
The U.S.’s fastest growing oil field may have even more to give.
News
December 06, 2018
Chevron Corp. will hike spending by 9.3% next year to $20 billion, its first budget increase since 2014 as it expands investments in the Permian Basin and its Tengiz project in Kazakhstan.
News
December 03, 2018
AFGlobal has successfully completed its field evaluation of the DuraStim pump in the Permian Basin. AFGlobal’s new patented pressure pumping technology offers end users tremendous advantages over traditional fracing technology and those offered by other electric and turbine based systems.
News
November 21, 2018
OPEC’s bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 MMbpd.
News
November 19, 2018
Cimarex and Resolute Energy have entered into a definitive agreement where Cimarex will acquire Resolute in a cash and stock transaction valued at $35.00/share, or a total purchase price of approximately $1.6 billion.
News
November 08, 2018
Oilfield Helping Hands (OHH), a non-profit organization that helps oilfield families in financial crisis, will hold its first Permian Basin Chapter meeting under new leadership.
News
November 07, 2018
The oil fields of West Texas don’t sit still for long.
News
November 05, 2018
Halliburton expects bottlenecks in America’s busiest oil field to be relieved by the end of next year.
News
November 02, 2018
Exxon Mobil delivered its strongest third quarter in four years with a 57% jump in profit, halting a series of disappointing results.
News
October 24, 2018
Endeavor Energy Resources LP, the largest privately held oil producer in the Permian basin, is weighing a sale after receiving takeover interest from major energy explorers, according to people familiar with the matter.
News
October 19, 2018
JupiterMLP has secured funding from Charon System Advisors to build a 1 MMbpd oil pipeline from the Permian basin to the Port of Brownsville, Texas.
