WorldOil Vanguard emerges from Chapter 11 bankruptcy as Grizzly Energy Vanguard Natural Resources successfully completed financial restructuring, emerging bankruptcy as a new limited liability company. No fast exit from Permian oil for private equity, RS Energy says Private equity has been ramping up its investment in Permian basin oil and natural gas production, but the old strategy of selling out after a few years is no more, according to RS Energy Group. What’s going on down there? Use of electromagnetic monitoring to image unconventional wells in shales can identify problems with well isolation and frac design. Developer of oil, gas data services takes over operation of frac data sharing system PDS Energy Information (PDS), a provider of secure data transfer exchange services for oil and gas drilling, completion, and production data, has announced that it has assumed commercial operation of the Frac Interference Exchange (FracX), a reciprocal data sharing network previously developed and operated by one of the largest operators in the Permian basin to coordinate hydraulic fracturing activity among producers. Wood Mac: Growth in the Permian may spur fresh wave of infrastructure spending Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 bpd by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie. Emerald Bay Energy Kuhn 3 well resumes production in South Texas Emerald Bay Energy Inc. has announced that operations to enhance oil recovery from the Kuhn 3 well are complete, and the well is now back on production. Parsley Energy says it is "attractive" for any buyer Parsley Energy Inc. said it would be “attractive” for any potential buyer as the U.S. shale driller expects to generate positive free cash flow in the back half of this year. Callon Petroleum closes on $245-million Midland basin divestiture Callon Petroleum Company has announced that it closed on the previously announced divestiture of non-core assets in the southern Midland Basin to Sequitur Permian, LLC for net cash proceeds of $245 million. Texas producers experiment, pumping gas down wells amid glut Texas drillers may have found a solution to the stubborn natural gas glut that’s forced them to either burn it off into the air, or pay others to take it away. Permian oil explorers expand activity as drilling costs decline Oil explorers deployed more rigs for the first time in four weeks as shrinking drilling costs outweighed concern about sliding crude prices.