Permian Basin ///

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.

Land swaps let Permian operators expand shale wells on the cheap

Working with fresh technology that lets producers drill longer wells than ever before, companies such as Pioneer Natural Resources Co., Parsley Energy Inc. and Double Eagle Energy Permian LLC are increasingly haggling with other producers for slivers of land that allow them to extend the reach of their drilling with hardly any acquisition costs.

Texas' Eagle Ford, Permian shale to fuel Mexico

The newest oil refineries in Texas are looking to join the hottest two plays in the North American oil industry.

Pioneer Natural Resources announces sale of Texas acreage for $266 million

DALLAS -- Pioneer Natural Resources Company has announced that it has signed a purchase and sale agreement with an undisclosed buyer to sell its previously-announced acreage package in northeastern Martin County, Texas, for $266 million, subject to normal closing adjustments.

Marathon Oil announces $700-million acquisition in Northern Delaware basin

Marathon Oil Corporation announced today the signing of a definitive agreement to acquire approximately 21,000 net surface acres largely in the Permian's Northern Delaware basin of New Mexico from Black Mountain Oil & Gas and other private sellers for $700 million in cash, excluding closing adjustments.

Oil giants upending shale turf where wildcat drillers once ruled

Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp., are jumping into American shale with gusto, planning to spend a combined $10 billion this year, up from next to nothing only a few years ago.

Drilling boom in the Permian may be bad news for gas bulls

A drilling surge in America’s hottest oil play may prove to be a pitfall for natural gas bulls.

Oil trader Vitol foresees`a lot more' growth in U.S. crude exports

Vitol Group BV, the trader that shipped the first cargo of U.S. crude after export restrictions ended in late 2015, predicts the country’s oil exports will grow “a lot more” because of rising production in Texas.

Up to $600 million to be invested in Permian via private equity firms

Private equity firms Pine Brook and Riverstone Holdings agreed to invest as much as $600 million in a newly created oil and natural gas explorer in Texas’s energy-rich Permian basin.