Permian Basin ///

Regional Report: Permian Basin

Mike Slaton, Contributing Editor

The ultimate U.S. basin shines again

Shaletech: Eagle Ford Shale

Jim Redden, Contributing Editor

Making hay in a temperamental market

U.S. operators are teed up for a drilling resurgence

Alex Endress, Craig Fleming, Kurt Abraham, World Oil

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 (E&P) 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 & 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 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 & 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.

Hess announces sale of enhanced oil recovery assets in Permian basin

Hess Corporation has announced that it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian basin to Occidental Petroleum Corporation for a total consideration of $600 million, effective June 1, 2017.

Multiple completion technologies yield the best of all worlds

Travis Harris, Packers Plus Energy Services

Multiple completion technologies can be combined in one well for a hybrid solution to improve stimulation in extended reach laterals.

TGS announces its second Permian seismic project in 2017

TGS announces its second Permian seismic project in 2017. The West Lindsey 3D multi-client seismic survey is located to the southwest of the previously announced West Kermit 3D. This new project will encompass a minimum of 190 mi2 predominantly in Reeves County, Texas.

FairfieldNodal, Schlumberger team up for 3D survey in Permian

FairfieldNodal and Schlumberger today announced a strategic multiclient joint venture in the southern Delaware basin of West Texas.

Peregrine Petroleum announces re-entry into Permian basin

Peregrine Petroleum Partners, Ltd., have announced that it has re-entered the Permian basin with the closing of a joint venture to develop a resource asset in the Southern Permian basin.

New pipeline infrastructure to accommodate rise in Permian oil production: EIA

As crude oil production in the Permian basin of western Texas and eastern New Mexico has increased, pipeline infrastructure has also increased to deliver this crude oil to demand centers on the U.S. Gulf Coast.

Noble Energy closes acquisition of Clayton Williams Energy

Noble Energy, Inc., announced that, following the overwhelming approval by the stockholders of Clayton Williams Energy, Inc., of the acquisition of Clayton Williams Energy by Noble Energy, the transaction closed and became effective immediately after market close on April 24, 2017. In conjunction with the closing, Clayton Williams Energy became a wholly owned subsidiary of Noble Energy under the name NBL Permian LLC.

Gulf of Mexico is equally important as Permian for U.S. oil production, Rystad says

Since the early days of U.S. shale development, we have observed impressive efficiency and well productivity gains realized by E&P companies. These gains were triggered by a gradual learning process, optimization of completion techniques and well configuration, and high grading of drilling locations and equipment.

Blackstone to buy Permian basin pipelines for $2 billion

Blackstone Group LP agreed to acquire pipeline company EagleClaw Midstream Ventures for about $2 billion in cash, the latest deal in the prolific Permian basin of West Texas.

Singer's BHP gambit shines light on little-known oil giant

The usual suspects have planted their flags along the dusty byways of the Permian basin, declaring where they’ve staked claims. There are names like Royal Dutch Shell Plc, Anadarko Petroleum Corp., Pioneer Natural Resources Co. And, on signs fronting a barbed-wire fence, BHP Billiton Ltd.