Permian Basin
News
April 11, 2019
The Permian Basin has produced so much natural gas that by the end of 2018 producers were burning off more than enough of the fuel to meet residential demand across Texas.
News
April 10, 2019
Engineering, manufacturing, sales and service of electric submersible pump (ESP) systems company, Borets, has successfully installed its 250th permanent magnet motor (PMM) ESP system in the U.S.
News
April 10, 2019
Milestone Environmental Services (Milestone), an oilfield waste disposal services company, has announced that the Railroad Commission of Texas (RRC) has approved the company’s second RCRA-exempt oilfield waste landfill permit in the Permian Basin.
News
April 08, 2019
Scott Hodges, a 57-year-old manager with Occidental Petroleum Corp., runs a cluster of installations at the Hobbs oil field, where dozens of wells don’t pump a single barrel of oil but instead do the opposite: push stuff -- lots of it -- into the ground.
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 22, 2019
ExxonMobil has announced that a new partnership with Microsoft will make its Permian basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies.
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.
