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Permian Basin

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. more

Natural Gas

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. more

Plant Management & Operations

Following a drastic drop in the Waha Hub natural gas price earlier this week. A direct consequence of the excess of natural gas supply is the low prices at which Permian gas is traded at the Waha Hub in north Pecos County. more

Natural Gas

Increased oil and natural gas development in the Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. more

Drilling & Exploration

Williams and Brazos Midstream announced that they have agreed to enter into a joint venture in the Delaware Basin. more

Midstream

ONEOK plans NGL, gas system expansions, Williams Partners, Crestwood unveil Powder River Basin expansion, Freedom Oil & Gas commences drilling program in Eagle Ford Shale, Appalachia, Permian, Haynesville drive U.S. natural gas production more

Drilling & Exploration

Enterprise Products Partners L.P. (NYSE: EPD) today announced it has begun construction of the Mentone cryogenic natural gas processing plant in Loving County, Texas. more

Midstream

Permian producers increased their 2020 oil-basis hedge positions by 431% in Q2 2018, according to Wood Mackenzie's latest analysis of oil and gas hedging activity. more

Drilling & Exploration

ONEOK Inc. plans to expand its natural gas pipeline infrastructure in the Permian Basin and Oklahoma... Vaquero Midstream recently began processing rich natural gas through its second 200-MMcf/d ... The DOE published the 2018 Natural Gas Liquids.. more

Natural Gas

Oil companies looking for the next big find are wading into the Powder River Basin of Wyoming, where pipelines are not congested and land is cheaper than in Texas’ Permian Basin, the world’s fastest-growing oil producing region. more

Drilling & Exploration

EIA’s August Short-Term Energy Outlook (STEO) forecasts that U.S. crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 million b/d in 2019. If realized, both of these forecast levels would surpass the previous record. more

Refining/Petrochemical

The approximately $2 billion PHP Project will provide an outlet for increased natural gas production from the Permian Basin to growing market areas along the Texas Gulf Coast. more

Midstream

Shell Offshore Inc. has made a large deepwater exploration discovery in the Norphlet geologic play in the U.S. Gulf of Mexico...Oil production in the Permian Basin, already a major force in global supply growth, will rise nearly 3 million bpd... more

Upstream

Noble Energy Inc (NBL.N) said on Friday it would shift some investments outside of the Permian Basin and cut back on planned well completions as the company adjusts to ongoing transportation bottlenecks plaguing U.S. oil companies. more

M&A/Investment

The natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown considerably in the past year. more

Pipeline/Transportation

More than half the total oil rigs are in the Permian basin in west Texas and eastern New Mexico. Active units there increased by six this week to 458, the most since January 2015. more

Drilling & Exploration

Oil prices rose on Friday stayed below recent highs as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran. more

Refining/Petrochemical

Oil and gas rig counts are expected to remain significantly lower than recent peaks due to growing drill productivity, oil and gas prices in the U.S. will continue to rise. more

Refining/Petrochemical

The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected. more

Drilling & Exploration

Permian production is expected to increase by approximately 70 percent in 2022, and the Katy, Texas, and Houston Ship Channel markets are a natural destination for these volumes, according to Shelley Corman-Frisby... more

Midstream

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