Permian Basin ///

Conoco sees U.S. shale growth at 25% in 2019, even as oil slides

ConocoPhillips, the world’s largest independent oil producer, sees shale production growing 25% next year even as crude prices tumble, proving the industry’s resilience in volatile markets, said CEO Ryan Lance.

Permian producers become “victims of their own success”

Emily Querubin, World Oil

Despite a few recent snags, Permian basin production should continue its upward trend through 2019.

Drillers lay down U.S. rigs as oil volatility crushes plans

Oil explorers dialed back on drilling at the fastest pace in 2 1/2 years in U.S. fields as volatile crude prices crippled efforts to plan for growth.

Meet the new Permian, it's double the size of the old one

The U.S.’s fastest growing oil field may have even more to give.

AFGlobal completes field evaluation of DuraStim Pump

AFGlobal has successfully completed its field evaluation of the DuraStim pump in the Permian Basin. AFGlobal’s new patented pressure pumping technology offers end users tremendous advantages over traditional fracing technology and those offered by other electric and turbine based systems.

Exxon will use wind, solar to produce crude oil in Texas

Exxon Mobil Corp. will use renewable energy to produce oil in West Texas.

OPEC's worst nightmare: Permian is about to pump a lot more

OPEC’s bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 MMbpd.

PermianChain Technologies introduces blockchain network to improve investment

PermianChain Technologies is introducing the Permian Token (XPR), a crypto asset-class that will underpin holding rights to the value of potential but undeveloped oil and gas reserves.

Water management

Mark Patton, Hydrozonix

“Whiskey is for drinking, and water is for fighting”

Water treatment programs prevent fouling and corrosion during mill-out operations

Tanhee Galindo, GeoKimika Oil & Gas

Key process variables that contribute to mill-out fluid fouling, contamination and corrosion can be identified with adequate fluid testing. Case studies, from various Permian basin operators, provided the basis for a methodology to assess mill-out operations, and make process improvements that yield economic benefits.

Formation water reduction technology proves successful in the field

Adam K. Harper, John W. Green, Andreina Dewendt, John M. Terracina, Hexion Inc.

Advanced technology allows operators to reduce formation water, while maintaining oil and gas production.

Can “too close” be ill-advised in fracture spacing?

Lyle Lehman, Frac Diagnostics

Emblematic of the high-voltage development of unconventional resource plays is the growing attraction of beefed-up completions with high-proppant loadings and shorter distances between induced fractures.

Simmons advises Motley Services, LLC through $148 million aquisition

Motley Services, LLC, a portfolio company of District 5 Investments, LP (D5), has been acquired by KLX Energy Services Holdings, Inc. for $148.2 million

OHH Permian Basin Chapter to host first meeting under new leadership

Oilfield Helping Hands (OHH), a non-profit organization that helps oilfield families in financial crisis, will hold its first Permian Basin Chapter meeting under new leadership.

End is near for "frac holiday" as Permian readies for 2019 boom

The oil fields of West Texas don’t sit still for long.

Pioneer announces sale of South Texas oil assets for $132 million

Pioneer Natural Resources Company has announced that it has signed a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in Sinor Nest (Lower Wilcox) field for net proceeds of $132 million, subject to normal closing adjustments.

Endeavor said to weigh sale after getting takeover interest

Endeavor Energy Resources LP, the largest privately held oil producer in the Permian basin, is weighing a sale after receiving takeover interest from major energy explorers, according to people familiar with the matter.

Clariant upgrades facility in Midland, Texas

Clariant has announced the inauguration of a new state-of-the-art laboratory at its facility in Midland, Texas.

McDermott awarded EPC contract for CB&I storage tanks in South Texas

McDermott International, Inc. has announced a sizeable* contract award for CB&I Storage Tanks for the engineering, procurement, fabrication and construction of three external floating-roof tanks in Taft, Texas.

Energy issues

William J. Pike, World Oil

There is sand, and then there is sand