Permian Basin
News
July 31, 2018
BP reported a small and unusual loss from oil trading after being caught on the wrong side of Permian basin pipeline bottlenecks that prompted gyrations in U.S. crude prices this year.
News
July 27, 2018
BP agreed to pay $10.5 billion for most of BHP Billiton’s onshore U.S. oil and natural gas assets, including in the Permian basin.
News
July 23, 2018
Halliburton plunged the most in almost three years after warning that second-half profits will suffer on a slowdown in the Permian shale and other parts of the U.S.
News
July 18, 2018
A major Mexican pipeline opened this week after almost two years of delays. That’s the good news for drillers across the border who are seeking an expanded market for natural gas siphoned from the pent-up Permian basin.
News
July 17, 2018
Today, the Intercontinental Exchange Inc. (ICE), an operator of global exchanges and clearing houses for the financial and commodity markets in the U.S., announced plans to launch a new Permian West Texas Intermediate (WTI) crude oil futures contract with physical delivery in Houston.
News
July 11, 2018
Want to rent an apartment near the biggest U.S. oil patch? It’ll cost you.
News
July 10, 2018
Standing high on top of a windswept dune in the West Texas plains, Greg Edwards stares out into a vast ocean of sand.
News
July 09, 2018
The pipeline crunch threatening the world’s hottest shale play won’t be solved until at least the back half of next year. But then, the floodgates will open.
News
June 28, 2018
Gulf Energy Information, the media and market intelligence company that produces World Oil and its associated events, is pleased to announce the addition of a special water management segment at ShaleTech 2018.
News
June 28, 2018
Royale Energy, Inc., announced today it has entered into a Letter of Intent with an undisclosed company to purchase it’s non-operated interests in Permian basin and California oil fields.
News
June 21, 2018
Pipeline bottlenecks in North America’s biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it’s about to get a lot worse.
News
June 20, 2018
For operators in the Permian basin, executing successful drilling programs hinges on an ability to manage the flowback and produced water associated with new wells coming online.
News
June 20, 2018
The biggest U.S. shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers.
News
June 13, 2018
Oil production in the Permian basin, already a major force in global supply growth, will rise nearly 3 MMbpd by 2023—a level of growth exceeding most recent estimates, a new outlook by business information provider IHS Markit says. What the report describes as a “stunning” level of growth will comprise more than 60% of net global production growth during that timeframe.
News
June 13, 2018
McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight to the global energy industry, forecasts that the Marcellus, Utica, and Permian shale plays will supply 55% of the North American gas market by 2030.
News
June 07, 2018
More than $1 billion a day. That’s the price tag for a Permian basin pipeline crunch that’s increasingly affecting investors as much as it is West Texas oil drillers.
News
June 06, 2018
Booming U.S. shale production is fueling record crude exports, with shipments reaching an all-time high of 1.76 MMbpd in April.
News
June 06, 2018
BHP Billiton Ltd. has received first-round bids for its U.S. shale portfolio from oil majors including BP Plc and Chevron Corp., valuing the unit at $7 billion to $9 billion, people familiar with the matter said.
News
June 06, 2018
Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian basin shale-oil boom.
News
June 04, 2018
Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other.
