Permian Basin
News
May 13, 2019
While the $38 billion takeover of Anadarko could cause a wave of U.S. consolidation, the market for energy deals north of the border remains frigid.
News
May 10, 2019
Crude explorers deployed fewer rigs in U.S. fields this week amid an escalating U.S.-China trade war that weighed on oil prices.
News
May 06, 2019
Activist investor Lion Point Capital has built a position in Carrizo Oil & Gas Inc. and wants the driller to explore a sale or merger with another Permian explorer to gain scale.
News
May 01, 2019
Oilfield Helping Hands (OHH), a nonprofit charitable organization comprised of volunteers devoted to providing assistance to oilfield workers in financial crisis, will be hosting its first Black Gold Bash at the La Hacienda Event Center in Midland, Texas on June 14, 2019.
News
April 29, 2019
Jerry Morales, mayor of Midland, Texas, the unofficial capital of the Permian basin, has a chance to break from the boom and bust pattern.
News
April 19, 2019
Texas oil centers Midland and Odessa were among the fastest growing U.S. metros in 2018.
News
April 16, 2019
Solaris is closing in on water deals with other companies as explorers increasingly outsource one of the key components of fracing.
News
April 14, 2019
Amidst the world's focus on climate change and transition to natural gas, the world’s biggest energy companies are focusing on where it all began: American oil.
News
April 12, 2019
Chevron’s $33 billion bid for Anadarko may presage a new Permian buying spree, with Pioneer and Concho among the next prime targets.
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.
