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Permian Basin

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

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. Read more

Natural Gas/LNG

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. Read more

Drilling & Exploration

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

Drilling & Exploration

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