Permian Basin
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.
News
January 28, 2022
Chevron Corp. plans to increase Permian Basin production by about 10% this year from 2021 levels, among the biggest growth forecasts yet from any of America’s top shale producers.
News
January 20, 2022
Texas natural gas production dropped for the second time this month because of freezing temperatures settling over the state.
News
January 11, 2022
Liberty Lift announced the asset acquisition of Corral Oil Field Services LLC in Andrews, Texas. Corral is a family-owned and -operated artificial lift company specializing in the service, repair, and sale of pumping units and related artificial lift equipment in the Permian basin.
News
January 10, 2022
Enterprise Products Partners LP agreed to buy Navitas Midstream Partners LLC from Warburg Pincus LLC for $3.25 billion in cash to add natural gas pipeline and processing assets in the Permian Basin, the world’s most prolific shale basin.
News
January 06, 2022
Pioneer Natural Resources Co., the biggest oil producer in the Permian Basin, closed out almost all its hedges for this year, indicating a bullish outlook for crude prices.
News
December 30, 2021
FireBird Energy has completed an acquisition of operated assets located in the Midland Basin from Chevron U.S.A. Inc. and Chevron Midcontinent, L.P. Leaseholdings included in the transaction total approximately 21,000 acres.
