Permian Basin
News
May 22, 2023
The acquisition of PDC provides Chevron with high-quality assets expected to deliver higher returns in lower carbon intensity basins in the United States.
News
May 18, 2023
Kimbell Royalty Partners, LP has closed the previously announced purchase of mineral and royalty interests held by MB Minerals, L.P, a subsidiary of Sabalo Holdings, LLC , in a cash and unit transaction valued at approximately $140.8 million in the Midland basin.
News
May 17, 2023
The company will participate in the drilling and completion of 2 gross wells (0.5 net), both 10,000’ laterals, over the remainder of 2023 (the first well is already drilled, first production from both wells is estimated for the fourth quarter of 2023).
News
May 16, 2023
The Acquired Assets are primarily located in Ward and Reeves Counties, Texas and include approximately 10,200 net acres, 30.5 net producing wells, 2.3 net wells-in-process and roughly 20 low-breakeven net undeveloped locations.
News
May 12, 2023
The transaction will expand Vital Energy’s Permian basin leasehold to roughly 198,000 net acres and establish core operating positions in Pecos, Reeves and Ward counties.
News
May 04, 2023
Callon's operations will be focused on its more than 145,000 net acres in the prolific Permian basin, executing its proven "Life of Field" Co-Development Model on an expanded Delaware Basin footprint.
Article
April 2023
An independent operator and oil and gas investment broker provides perspective on strategies and future potential of the Permian basin, including short- and long-term forecasts for E&P opportunities in West Texas.
News
April 26, 2023
U.S. Energy anticipates full development of the project to comprise another $130 million in capital expenditures over the next two years, bringing the total transaction value to well over $300 million.
News
April 26, 2023
Companies are seeking to bulk up and consolidate, particularly in the Permian basin, the largest and most productive oil field in the U.S., industry experts say.
News
April 21, 2023
FireBird Energy II LLC has secured equity commitments in excess of $500 million anchored by funds managed by Quantum Energy Partners. The founders and employees of FireBird II, along with other strategic partners, are making significant equity commitments to the company alongside Quantum.
Article
April 2023
In what proved to be a prescient, albeit conservative, prognostication, the former IHS Markit (now S&P Global) issued a forecast in 2018 that the Permian basin would hit the 5.4-MMbpd production mark in 2023.
News
April 14, 2023
The acquired assets are concentrated in northern Howard County and southern Borden County. The acquisition is expected to close in the second quarter of 2023.
News
April 13, 2023
The Advance Transaction includes approximately 18,500 net acres in the core of the northern Delaware Basin, most of which is very close to some of Matador’s best acreage where wells with an estimated ultimate recovery of over 1 MMboe have been drilled.
News
April 12, 2023
The company is working with a financial adviser to seek a buyer for assets around Pecos County, Texas according to people familiar with the matter, who asked not to be identified because the process is confidential.
News
April 06, 2023
Rapid adoption of automation technology and digital solutions for completions drove the need for local customer support, logistics and a full-service operations base to support the Permian Basin.
News
April 03, 2023
The agreement comes as U.S. shale output growth slows as drillers run out of top-tier acreage, stoking concern they won’t be able to fill the void created by OPEC production cuts and sanctions on Russian supply.
News
April 03, 2023
Ovintiv Inc. is nearing a deal to acquire oil and gas assets in the Midland Basin from private equity firm EnCap Investments, according to people with knowledge of the matter.
News
March 31, 2023
The Permian Energy Development Laboratory announced the signing of a memorandum of understanding among seven New Mexico and Texas universities, two national laboratories and a center for advanced energy research at UT Energy Week 2023.
News
March 27, 2023
By acquiring Lotus Midstream, Energy Transfer will gain 3,000 miles of crude gathering and transportation pipelines that stretch from New Mexico through the Permian Basin of West Texas to Cushing, Oklahoma. ET plans to pay $900 million in cash and the rest in 44.5 million newly issued shares.
News
Siemens Energy wins contract for world’s first large-scale direct air capture plant in Permian Basin
March 06, 2023
The two compressor packages will enable the plant to capture up to 500,000 metric tons of CO2 per year when fully operational.
News
February 23, 2023
"With today’s announcement, we are pleased to see additional funds returning to the Basin, helping build and repair infrastructure that will help fuel our local, state, national and global economy for years to come," said Don Evans, PSP's Chairman Secretary.
