Permian Basin

Originally the former Naval Station at Ingleside before being converted to a crude oil terminal, the Oxy Ingleside Energy Center (OIEC) exports crude oil to international and domestic markets. more

Feb 14, 2018 7:35 AM Tanks/Terminals/Storage

Exxon Mobil Corporation said today it added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 percent of production. ExxonMobil's proved reserves totaled 21.2 billion oil-equivalent barrels at year-end 2017. more

Feb 8, 2018 8:48 AM Drilling & Exploration

U.S. crude oil production reached 10.038 million barrels per day (b/d) in November 2017, according to EIA’s latest Petroleum Supply Monthly. more

Feb 1, 2018 9:39 AM Drilling & Exploration

Enterprise Products Partners L.P. announced that the partnership plans to add 300 million cubic feet per day (“MMcf/d”) of incremental capacity at its cryogenic natural gas processing facility under construction near Orla, Texas in Reeves County. more

Jan 14, 2018 7:00 AM Midstream

Luxe Energy LLC said on Thursday it had received an additional $296 million from its private equity backers to buy and develop acreage in the Permian Basin, the largest U.S. oilfield stretching across Texas and New Mexico. more

Jan 5, 2018 7:00 AM Drilling & Exploration

Several oil pipeline companies this month agreed to move ahead on multi-billion-dollar projects that would link Texas shale fields to Gulf Coast export hubs, offering new outlets for burgeoning output expected in 2018. more

Jan 2, 2018 9:23 AM Pipeline/Transportation

U.S. shale producers have been selling off assets in Eagle Ford and North Dakota’s Bakken basins to develop projects in the liquids-rich Permian basin, which has lower break-even costs. more

Dec 22, 2017 10:47 AM Drilling & Exploration

Apache Corporation today announced it had secured 500 million cubic feet (MMCF) per day of natural gas transport capacity via the Gulf Coast Express Pipeline Project (GCX Project). more

Dec 21, 2017 9:52 AM Pipeline/Transportation

Meridian announced the project in December 2015, planning on building a 55,000 b/d refinery in the heart of North Dakota's Bakken shale formation. more

Dec 21, 2017 7:00 AM Downstream

Tellurian proposed Monday building two additional natural gas pipelines to move increasing output of shale supplies in the Permian and Haynesville shale plays to the US Gulf Coast and boosting the access to cheap feedgas for its planned Driftwood... more

Dec 19, 2017 9:40 AM Midstream

Carrizo Oil & Gas, Inc. today announced that it entered into an agreement to divest a portion of its assets in the Eagle Ford Shale for $245 million in cash, subject to adjustment and customary closing terms and conditions. more

Dec 12, 2017 1:58 PM Drilling & Exploration

With 2017 closing, many industry leaders are looking to the future and pondering the changes coming to the U.S. economy and industry business. more

Dec 11, 2017 10:39 AM Natural Gas

The conversion is expected to be completed in the first half of 2020. This pipeline conversion would provide total crude oil pipeline capacity of over 650,000 barrels per day from the Permian Basin to Enterprise’s crude oil hub in the Houston. more

Dec 8, 2017 11:05 AM Pipeline/Transportation

Torchlight Energy Resources, Inc. previously announced on November 16th that the Company had entered into a transaction with Greg McCabe and an independent private E&P out of Denver to enter into the Delaware Basin. more

Dec 6, 2017 7:00 AM Drilling & Exploration

Wolf Midstream Partners, a full-service midstream provider, announced today that it has executed a crude oil gathering and transportation agreement with an independent producer for approximately 25,000 dedicated gross leasehold acres... more

Dec 6, 2017 7:00 AM Midstream

GE sells to SUEZ; United Rentals acquires Neff Corp.; American Industrial Providers acquires Brock Group; ExxonMobil acquires Permian Basin terminal; BP to sell Pinnacle Midstream; New Jersey Resources acquires pipeline; LINN Energy to sell... more

Dec 5, 2017 12:57 PM M&A/Investment Banking Articles

According to the International Energy Agency (IEA), demand growth for hydrocarbons, particularly those produced in the U.S., is going to focus primarily on OECD (Organization for Economic Co-operation and Development) Asia. more

Dec 4, 2017 12:51 PM Midstream

Energy Hunter Resources, Inc., an exploration and production company announced the completed acquisition of 9,413 net acres located in the San Andres oil play of the Permian Basin along with certain institutional investors. more

Dec 4, 2017 9:56 AM Upstream

IHS Markit study of Permian Basin; LLOG makes way in Buckskin Project; BSEE creates partnerships for energy production; Total joins Chevron in the Gulf; Wood Mackenzie releases carbon emissions study... more

Nov 7, 2017 11:20 AM Upstream

Exxon Mobil Corporation (NYSE:XOM) announced today that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. more

Oct 18, 2017 1:45 PM Midstream

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