WorldOil Regional Report: Permian Basin The ultimate U.S. basin shines again Shaletech: Eagle Ford Shale Making hay in a temperamental market U.S. operators are teed up for a drilling resurgence Drilling activity is noticeably higher, as American drillers climb out from historically low levels. Packers Plus optimizes completions in the Permian with cemented sleeve technology Packers Plus Energy Services Inc. has announced recent success with an operator in the Permian basin using TREX Cemented Completions Solutions, a suite of new, high-quality technologies designed to optimize cemented well completions for customers worldwide. Permian operators’ lofty production targets supported by strong hedging, IHS Markit says Oil-weighted exploration and production (EandP) companies operating in the prolific Permian basin have 65% of their oil production hedged at an average strike price of approximately $50/bbl. This supports their aggressive production targets for 2017, according to new analysis from IHS Markit. QEP Resources turns to Permian, sells Wyoming assets for $740 million QEP Resources Inc. said it would sell its natural gas assets in Wyoming to privately held Pinedale Energy Partners LLC for about $740 million, as the U.S. oil and gas producer focuses on liquids-rich, higher-margin assets. Falcon Seaboard launches $145-million Permian investment fund Falcon Seaboard Resources, LLC, has announced the launch of the $145-million Falcon Seaboard Permian Fund I, LP. The fund is the first time David Dewhurst, the CEO and chairman of Falcon Seaboard Diversified, Inc., and former Lieutenant Governor of Texas, has accepted outside investments. 2016 SPE President Nathan Meehan to keynote ShaleTech Permian conference Former SPE President Nathan Meehan (2016), President of Gaffney, Cline and Associates, will deliver the keynote address at World Oil’s inaugural ShaleTechTM Permian conference in October. Halcón shifts focus to Permian with $1.4-billion Bakken saleón-shifts-focus-to-permian-with-14-billion-bakken-sale Shale oil producer Halcón Resources Corp. said it would sell most of its North Dakota operations for $1.4 billion cash, part of a plan to shift its focus to Texas' Permian basin, the largest U.S. oilfield. H2O Midstream acquires Permian basin produced water assets from Encana H2O Midstream announced today the acquisition of produced water infrastructure from Encana Oil and Gas (USA) Inc. concurrent with the execution of an acreage dedication based midstream water services agreement. Under the agreement, H2O Midstream will gather, dispose and deliver for re-use produced water for a substantial portion of Encana’s acreage position in Howard County, Texas.