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Permian Basin

Enterprise Products Partners L.P. (“Enterprise”) today announced that service recently began on the third train at its Orla cryogenic natural gas processing plant in Reeves County, Texas. Read more

Midstream

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day (b/d) by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie. Read more

Pipeline/Transportation

U.S. crude oil production and lease condensate reached another milestone in April 2019, totaling 12.2 million barrels per day. Read more

Refining & Petrochemical Processing

MMEX has announced plans to build a crude oil refinery complex in the Permian Basin in two phases Read more

Commodities

U.S. oil output from seven major shale formations is expected to rise by about 70,000 bpd in July to a record 8.52 million bpd. Read more

Drilling & Exploration

Flaring and venting of natural gas in the Permian Basin in Texas and New Mexico reached a new all-time high in the first quarter of 2019, averaging as much as 661 million cubic feet per day (MMcfd), according to research conducted by Rystad Energy. Read more

Natural Gas/LNG

U.S. shale operators are on course to increase oil production significantly in 2019. Read more

Drilling & Exploration

Marathon Petroleum Corporation, MPLX and Andeavor Logistics have announced that the two midstream companies have entered into a definitive merger agreement whereby MPLX will acquire Andeavor Logistics for $9 billion. Read more

M&A/Investment

Nearly three-quarters of U.S. NGPL production is concentrated within six producing regions. Read more

Refining & Petrochemical Processing

Region-wide Gulf lease sale yields $244.3 million in high bids, Chevron eyes 900,000 b/d from Permian by yearend 2023, ExxonMobil adds 4.5 billion barrels to reserves, BSEE: Key to energy security lies within offshore industry Read more

Upstream

Abundant hydrocarbon reserves and the ability to drill longer laterals has made Permian Basin the most prolific shale play in the world, according to GlobalData, a leading data and analytics company. Read more

Drilling & Exploration

Meridian Energy Group Inc. recently entered into an agreement with a Winkler Co. subsidiary to establish site control in Winkler County, Texas, for a new Meridian full-conversion crude oil refinery. Read more

Downstream

Crude oil prices in the Permian region have increased since the beginning of the year as two recent pipeline capacity additions reduced some of the takeaway constraints that developed in the middle of 2018. Read more

Pipeline/Transportation

Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to a record low due to an equipment failure in New Mexico that stranded gas in the Permian basin. Read more

Commodities

Mike Christensen strides among rows of gleaming steel tanks, pointing to pipelines that arrive from miles around to this corner of former farmland near Midland, Texas, the heart of the largest oil patch in the United States. Read more

Drilling & Exploration

The size of the company’s resource base in the Permian is approximately 10 billion oil-equivalent barrels and is likely to grow further as analysis and development activities continue. Read more

Drilling & Exploration

Former U.S. Commerce Secretary and energy executive Don Evans will chair a partnership of top energy companies that have pledged $100 million toward easing the civic strain of the shale oil and gas boom in West Texas and New Mexico. Read more

Health, Safety & Environmental

JupiterMLP LLC has secured a funding commitment to build the 1 million-bpd-capacity Jupiter Pipeline from the Permian Basin to the Port of Brownsville, Texas. Read more

Pipeline/Transportation

Gas flaring in the Permian Basin reached an all-time high in the third quarter of 2018, as the persistent rise in production collided with severe takeaway capacity challenges in the world’s most prolific shale play. Read more

Natural Gas/LNG

Exxon Mobil Corp. will use renewable energy to produce oil in West Texas. Under 12-year agreements with Denmark’s Orsted A/S, Exxon will buy 500 megawatts of wind and solar power in the Permian Basin. Read more

Plant Management & Operations

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