Permian Basin ///

Encana's earnings beat estimates on output growth, Permian price

Encana Corp., which produces oil and natural gas in Canada and the U.S., reported a better-than expected second-quarter profit as output expanded amid “robust prices,” with a premium for Permian crude.

Fairfield Geotechnologies wins two processing contracts in core areas

Fairfield Geotechnologies proudly announces that it has been awarded two significant processing projects in core areas.

‘Bridge to Nowhere’ leaves pent-up Permian gas problems unsolved

A major Mexican pipeline opened this week after almost two years of delays. That’s the good news for drillers across the border who are seeking an expanded market for natural gas siphoned from the pent-up Permian basin.

WoodMac: ICE announces futures contract based on Permian crude to Houston

Today, the Intercontinental Exchange Inc. (ICE), an operator of global exchanges and clearing houses for the financial and commodity markets in the U.S., announced plans to launch a new Permian West Texas Intermediate (WTI) crude oil futures contract with physical delivery in Houston.

Permian pinch spurs pipeline binge, and fears of overbuild

The pipeline crunch threatening the world’s hottest shale play won’t be solved until at least the back half of next year. But then, the floodgates will open.

Gulf Energy Information, World Oil partner with PBWMC to host day two of ShaleTech

Gulf Energy Information, the media and market intelligence company that produces World Oil and its associated events, is pleased to announce the addition of a special water management segment at ShaleTech 2018.

Shell seen reclaiming dominance in Texas shale country

Shale oil hasn’t always been Royal Dutch Shell Plc’s best friend, but they’re working on the relationship.

IHS Markit: "Stunning" Permian oil production to more than double from 2017-2023

Oil production in the Permian basin, already a major force in global supply growth, will rise nearly 3 MMbpd by 2023—a level of growth exceeding most recent estimates, a new outlook by business information provider IHS Markit says. What the report describes as a “stunning” level of growth will comprise more than 60% of net global production growth during that timeframe.

MEI projects Marcellus, Utica and Permian to supply 55% of U.S. gas by 2030

McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight to the global energy industry, forecasts that the Marcellus, Utica, and Permian shale plays will supply 55% of the North American gas market by 2030.

Permian frenzy drives U.S. crude exports to all-time high

Booming U.S. shale production is fueling record crude exports, with shipments reaching an all-time high of 1.76 MMbpd in April.

Gas glut in Permian sparks dilemma over how much to burn

Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other.

Mayan Energy provides development update for Stockdale field gas discovery in Texas

Mayan Energy has announced its plans for the development of the gas discovery at the Morris #1 well at Stockdale field, Wilson County, Texas. The Company has a 60% working interest (WI) and 45% net revenue interest (NRI) in Stockdale field.

Nissan Chemical America Corp. expands production of well additive in Texas

Nissan Chemical America Corporation (NCA) is undergoing a $1.4-million expansion of its Pasadena, Texas, production facility. The goal of this plant improvement project is to increase production capacity to meet the rising sales demand of nanoActiv products from the oil and gas industry.

The 130-year-old bankruptcy that created a $5-billion oil giant

The hottest oil stock from the U.S. shale boom has never pumped a single barrel of crude.

Executive viewpoint

Renee Comstock, Yellowjacket Oilfield Services, LLC

The Permian basin’s output is forecast to reach 3.18 MMbopd in May, according to EIA, and it is widely anticipated to become the world’s largest oil patch.

Energy Issues

William J. Pike, World Oil

Not that many months ago, I wrote about bots, particularly chat bots, that are evolving as a threat to our day-to-day operations.

Fat arbitrage opportunity arises for oil traders in West Texas

Oil producers may be getting in their own way in the race to pump crude from the fertile Permian basin.

One of Exxon's top women takes on the fast-moving world of shale

ExxonMobil Corp.’s Sara Ortwein has delivered some of the energy industry’s biggest engineering feats over a 38-year career. Her newest challenge: Winning in the nimble, fast-moving world of shale.

Permian basin seen growing to largest oil patch in the world

The Permian shale play is all about setting records. Now, the region will probably become the world’s largest oil patch over the next decade.

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?