Permian Basin ///

Becoming a "Permian-bitcoin billionaire" may be just a dream

Could turning flared gas in Texas’s Permian basin into electricity to power bitcoin mining be a solution for shale producers?

Shaletech: Permian Basin

Jim Redden, Contributing Editor

Soaring drilling, production block out irritants

Texas-sized gas conundrum emerges in America's busiest oil field

America’s most prolific oil field is now its worst market for natural gas.

Concho Resources' acquisition forms largest unconventional shale producer in the Permian

Concho Resources Inc. and RSP Permian, Inc., announced they have entered into a definitive agreement under which Concho will acquire RSP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP’s net debt.

NOV develops iron roughneck upgrade for cost-effective performance improvements in the Permian

Operators in the Permian basin cannot always expend the additional capital necessary to procure entirely new equipment—and often, they don’t need to. Upgrades to common rig equipment can provide performance increases without the cost and downtime associated with newbuilds.

Watch out, OPEC: Busiest U.S. oil play heads for record spending

Bad news for OPEC: the epicenter of the shale boom is headed for record spending this year.

Dramatic changes to the supply of frac sand could lead to efficiency gains in the Permian basin

A major report from Energent, part of Westwood Global Energy Group, the energy market research consultancy, predicts dramatic changes to the frac sand supply chain to the Permian basin, the world’s most important oil growth region.

Water Management

Mark Patton, Hydrozonix

Recycling produced water cuts disposal costs

Energy Issues

William J. Pike, World Oil

Down the Hall

NOV introduces new well-service fluid ends and valves to Permian basin

As the intensity of completing unconventional wells continues to grow, so too do the demands on fracturing equipment. Longer laterals, rising stage counts, and increased pressures and proppant loadings per stage make hydraulic fracturing an extremely difficult—and consumptive—enterprise, particularly in the challenging wells seen in regions like the Permian basin.

Hidden pitfalls could impair America's hottest oilfield area

The world’s hottest oilfield area, the Permian basin of West Texas and New Mexico, isn’t without its risks.

Shell shows interest in BHP assets amid plans to expand in shale

Royal Dutch Shell Plc said it’s potentially interested in BHP Billiton Ltd.’s oil assets on sale in the Permian basin in the U.S. as it seeks to boost its role in shale.

Deloitte: Industry exercises caution with M&A, though trend is changing

Deloitte forecasts that although the oil & gas industry may be in love with the recent rise in commodity prices it is still exercising some caution when it comes to M&A activity, but that is changing.

NOV develops top-drive upgrade for cost-effective performance upgrades in the Permian

Demand in the Permian basin for cost-effective ways of improving performance continues to increase. While a simple solution might involve purchasing entirely new equipment, in many cases this isn’t feasible due to both current constraints on capital expenditures and unacceptable downtime caused by long lead times for newbuilds. To address this issue, National Oilwell Varco (NOV) developed an upgrade package—the TDS-11SAE—for its top drives to elevate their performance beyond standard levels.

U.S. output builds on OPEC cutbacks, gas rides LNG expansion

Shale operators are increasing U.S. crude production in response to oil prices that are, so far, trending more favorably this year, due largely to decisions by OPEC and Russia to curb production.

U.S. shale drives rig count recovery in 2017

With oil prices on the rise in 2017, operators added drilling rigs back to many areas of the U.S.

NAPE ‘18: Texas Railroad Commissioner Ryan Sitton forecasts strong U.S. supply growth to meet demand

As murmurs of peak oil demand pervade the oil and gas industry, Texas Railroad Commissioner Ryan Sitton sees a different trend—rising production from the U.S. to meet inflating demand from non-OECD countries like China and India.

Hexion announces first mobile Permian basin resin coating plant

The Oilfield Technology Group (OTG) of Hexion Inc. (Hexion) today announced its new Voyager mobile resin coating service. Initially located in the Permian basin, the innovative Voyager service is the first mobile manufacturing solution that provides in-basin resin coated proppant manufacturing for application in the oil and gas industry.

Permian seen second to Saudis for spare oil-output capacity

The U.S.’s Permian basin is looking like Saudi Arabia, with as much as 1 MMbbl of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter.

Chevron posts strongest year of crude discoveries since 2011

Chevron Corp. had its best year of oil and natural gas discoveries in more than half a decade as rebounding energy prices lifted drillers out of the worst slump in a generation.