Permian Basin
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.
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.
