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Permian Basin

Such is the extent of the shakeout in the U.S. shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest. Read more

Drilling & Exploration

U.S. crude exports from Corpus Christi, Texas, have surged to a record in recent weeks, often surpassing hubs such as Houston and Beaumont, Texas, thanks to faster-than-expected infrastructure additions. Read more

Commodities

To understand current levels of U.S. oil production, it's important to put it in context. Read more

Commodities

Many of these pipeline projects will provide additional takeaway capacity out of the Permian Basin in western Texas or enable additional Permian natural gas production to reach the interstate pipeline system. Read more

Pipeline/Transportation

Flaring and venting of natural gas in the Permian Basin in Texas and New Mexico reached a new all-time high in the third quarter of 2019. Read more

Natural Gas/LNG

Associated-dissolved natural gas, also referred to as associated gas, is natural gas produced by oil wells. Read more

Natural Gas/LNG

The steady fall of the U.S. onshore drilling rig count is increasingly raising questions about whether U.S. oil production will grow in 2020. Read more

Drilling & Exploration

Oil pump

Anton Foltin

In April, the U.S. became the largest oil producer in the world as a result of increased output in the Permian Basin. Read more

Drilling & Exploration

Limited natural gas pipeline takeaway capacity from the region has kept prices very low, or even negative, in recent months. Read more

Pipeline/Transportation

Flaring of gas in the Permian Basin in the US in the first quarter of 2019 dropped for the first time in 1.5 years, according to Rystad Energy. Read more

Natural Gas/LNG

Limited natural gas pipeline takeaway capacity in the region has kept prices very low or negative in recent months. Read more

Commodities

There is considerable potential to raise the crude oil production in the Bakken shale play from the current level of approximately 1.44 million barrels of oil per day (mmbd) to at least 2 mmbd. Read more

Commodities

The terminal will load the first cargo of the long-haul Permian crude onto a ship for export this weekend. Read more

Midstream

The prolific shale basin in Texas and parts of New Mexico in the US has reached new heights in terms of the number of fracked wells – both on a daily basis and in terms of absolute monthly wells. Read more

Drilling & Exploration

A handful of industry insiders have recently speculated that the Permian may be on its way out, noting that well productivity in the Permian is declining. In fact, the truth is quite the opposite. Read more

Drilling & Exploration

ECHO Terminal.png

Photo courtesy of Enterprise

The terminal has a total capacity of 8.3 million barrels and connects to all refiners in Houston, Pasadena, Texas City and Beaumont/Port Arthur. Read more

Pipeline/Transportation

Rapidly rising production in the Permian basin has led to soaring levels of associated gas, outpacing pipeline infrastructure and placing increasing slowdown pressure on other production streams like crude oil and natural gas liquids. Read more

Pipeline/Transportation

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

  • Oil pump

    Anton Foltin

    Oil pump

    Pump jacks in an oil field.