Permian Basin
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.
News
September 07, 2018
The price to access unexplored shale assets on the New Mexico side of the Permian basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest oil field.
News
September 04, 2018
The dramatic increase in both the quantity of horizontal laterals and their length—often beyond 10,000 ft—has led companies to use high-capacity coiled tubing units for well completion and intervention work.
News
August 29, 2018
In West Texas, home to America’s most prolific oil play, the problem isn’t too little water, it’s too much of it.
News
August 15, 2018
Diamondback Energy’s agreement to buy Energen in an $8.4 billion all-stock deal launches Permian buying spree that should shake up the U.S. shale industry.
News
August 02, 2018
It’s called micro LNG, and the concept is simple. By super-cooling natural gas, they can pack three times more of it into a truck, which may help the Permian basin deal with its growing gas excess.
News
August 01, 2018
The Permian Basin continues to be a hotbed of drilling activity, bolstering North American output to record levels.
News
August 01, 2018
Encana Corp., which produces oil and natural gas in Canada and the U.S., reported a better-than expected second-quarter profit as output expanded amid “robust prices,” with a premium for Permian crude.
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.
