Permian Basin
News
October 02, 2024
Matterhorn Express Pipeline has begun transporting natural gas into Williams Cos.’s Transco pipeline, a long-awaited addition to midstream infrastructure serving the Permian basin.
News
September 17, 2024
The Midland, Texas-based company, which recently finalized its acquisition of Endeavor Energy, has also signed a nonbinding letter of intent with nuclear power developer Oklo Inc. to deploy small reactors for some of its future electricity needs.
News
September 12, 2024
Diamondback Energy announced that it has closed its merger with Endeavor Energy Resources, the company said on Sept. 10.
News
September 11, 2024
The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf, and currently represent estimated net production of 21,000 boed, of which approximately 57% is oil.
News
August 29, 2024
The deal was “fundamental” to the Colombian oil producer’s future and without the resources it would have provided, its finances will deteriorate, Juan José Echavarría and Luis Alberto Zuleta wrote in their resignation letter, which is dated Aug. 30 but has already been published by local media.
News
August 29, 2024
Drillers have extended the horizontal length of their wells since the pandemic to three miles or more to squeeze more output from their sites. The longer so-called laterals are often credited with helping explorers deliver surprise production growth of 1 MMbpd last year.
News
August 27, 2024
The package includes older wells in the Permian’s Central basin that produce small but stable amounts of oil, according to people familiar with the matter who declined to be named because sale negotiations are private.
News
August 26, 2024
After pumping less crude in the years leading up to the pandemic than top counties in neighboring Texas, New Mexico’s Lea County has been rapidly gaining ground. Production there has expanded faster than in any other U.S. county, last year becoming the first to ever produce more than 1 MMbpd, according to energy research firm Enverus.
News
August 23, 2024
This move is part of bp’s broader strategy to cut emissions and enhance efficiency through advanced infrastructure, including the development of centralized processing facilities and innovative drilling technologies.
News
August 20, 2024
The properties up for sale produce over 22,000 boed, with oil making up about 60% of this production. The drilling locations include properties on the Northwest Shelf, the Northern Shelf, and the Central Basin Platform in New Mexico and Texas.
News
August 08, 2024
The deal will increase Occidental’s production 5% to about 1.32 MMboed in 2024, with the extra coming from the Permian basin, the Houston-based company said in a statement Wednesday. Capital spending will increase about 6% to $6.9 billion.
Article
July 2024
Frac sand and proppant supply have evolved massively over the past decade and are still changing rapidly, with new ideas and new techniques. As shale gas is developed around the world, these learnings will follow, to unlock tremendous value to global supply chains.
Article
July 2024
For one West Texas operator, the combination of advanced nanoparticle-based additives and digital technology delivered cost savings and predictable results.
News
August 04, 2024
The move would have allowed Ecopetrol to add around 50,000 bpd, “providing much-needed growth visibility outside of Colombia,” Bloomberg Intelligence analyst Will Hares wrote in a note. BTG Pactual estimated it would expand Ecopetrol’s reserves by 11%.
News
August 02, 2024
EOG Resources Inc., one of the largest independent shale producers, Coterra Energy Inc. and Civitas Resources Inc. increased their 2024 production forecasts Thursday, with the latter saying it is seeing stronger-than-expected well performance in the Permian basin, North America’s busiest oil and gas field, where five producers over the past week reported results that surprised to the upside. Ovintiv Inc. and Matador Resources Co. made similar recent production announcements.
News
August 01, 2024
Ovintiv followed Matador Resources Co. in raising full-year production plans at a time when U.S. drillers have been committing to flat or moderate output growth so they can return more cash to investors and expand portfolios of future drilling sites.
News
July 29, 2024
Post Oak Minerals V, an affiliate of Post Oak Energy Capital LP, has completed 10 acquisitions valued at over $475 million since early 2024, primarily focusing on the Permian basin.
News
July 29, 2024
The deal is part of Occidental’s previously announced plan to divest assets to help fund its acquisition of closely held CrownRock LP.
Article
July 2024
The Permian basin is the largest oil field in the U.S., but it is also one of the world’s biggest methane emitters. As producers come under pressure to cut emissions to tackle global warming, electric actuation can slash emissions, while making processes more efficient.
News
July 24, 2024
Matador executives on a Wednesday earnings conference call with analysts credited the better-than-expected well performance to drilling efficiency improvements such as crews spending less time drilling wells and hydraulic fracturing more wells simultaneously.
News
July 24, 2024
Since its creation in 2019, the Permian Strategic Partnership has doubled its membership and committed $153 million in philanthropic investments to generate over $1.5 billion in community support and collaborative investments.
