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.
News
December 09, 2018
Oil explorers dialed back on drilling at the fastest pace in 2 1/2 years in U.S. fields as volatile crude prices crippled efforts to plan for growth.
News
December 06, 2018
The U.S.’s fastest growing oil field may have even more to give.
News
December 06, 2018
Chevron Corp. will hike spending by 9.3% next year to $20 billion, its first budget increase since 2014 as it expands investments in the Permian Basin and its Tengiz project in Kazakhstan.
News
December 03, 2018
AFGlobal has successfully completed its field evaluation of the DuraStim pump in the Permian Basin. AFGlobal’s new patented pressure pumping technology offers end users tremendous advantages over traditional fracing technology and those offered by other electric and turbine based systems.
News
November 21, 2018
OPEC’s bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 MMbpd.
News
November 19, 2018
Cimarex and Resolute Energy have entered into a definitive agreement where Cimarex will acquire Resolute in a cash and stock transaction valued at $35.00/share, or a total purchase price of approximately $1.6 billion.
News
November 08, 2018
Oilfield Helping Hands (OHH), a non-profit organization that helps oilfield families in financial crisis, will hold its first Permian Basin Chapter meeting under new leadership.
News
November 07, 2018
The oil fields of West Texas don’t sit still for long.
News
November 05, 2018
Halliburton expects bottlenecks in America’s busiest oil field to be relieved by the end of next year.
News
November 02, 2018
Exxon Mobil delivered its strongest third quarter in four years with a 57% jump in profit, halting a series of disappointing results.
News
October 24, 2018
Endeavor Energy Resources LP, the largest privately held oil producer in the Permian basin, is weighing a sale after receiving takeover interest from major energy explorers, according to people familiar with the matter.
News
October 19, 2018
JupiterMLP has secured funding from Charon System Advisors to build a 1 MMbpd oil pipeline from the Permian basin to the Port of Brownsville, Texas.
News
October 17, 2018
There’s a new kind of oil coming out of West Texas.
News
October 17, 2018
Clariant has announced the inauguration of a new state-of-the-art laboratory at its facility in Midland, Texas.
News
October 15, 2018
McDermott International, Inc. has announced a sizeable* contract award for CB&I Storage Tanks for the engineering, procurement, fabrication and construction of three external floating-roof tanks in Taft, Texas.
News
October 09, 2018
Oil producers in the Permian basin and elsewhere could soon find themselves facing the oilfield equivalent of trying to walk up the down escalator.
News
October 05, 2018
The developer of the private equity-backed EPIC natural gas liquids pipeline will temporarily convert the conduit to carry crude oil as bottlenecks in America’s hottest shale play threaten to curtail production.
News
October 01, 2018
America’s fastest-growing source of energy has a power problem.
News
September 14, 2018
Matador Resources was the anonymous purchaser of drilling rights in the Permian that fetched a record $95,001/acre.
