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Permian Basin

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

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

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