Permian Basin ///

Texas shale forces big oil cost revolution, Chevron CEO says

Texas shale forces big oil cost revolution, Chevron CEO says

ConocoPhillips’ Greg Leveille sees rapid trajectory of technical advancement continuing

Kurt Abraham, World Oil

In an exclusive interview with World Oil Editor-in-Chief Kurt Abraham, ConocoPhillips Chief Technology Officer Greg Leveille discusses the technical issues facing global E&P, particularly as relates to the many U.S. unconventional plays

RSS design aimed at a growing scope of directional drilling demands

John Clegg, Weatherford

A novel rotary steerable system addresses maintenance, downhole motors, and hole geometry in a new light.

Executive viewpoint

John Tintera, Texas Alliance of Energy Producers

The Great Water Hope: The future of oilfield produced water

Blackstone Energy has partnered with a Permian Basin water management platform

Blackstone has announced that funds managed by Blackstone Energy Partners L.P. have formed Waterfield Midstream, a full-cycle provider of water management services, including water gathering, treatment, recycling and disposal, to provide solutions to producers in the Permian Basin.

Cracks appear in record U.S. oil growth as shale slows for now

Cracks are emerging in the U.S. oil machine.

Locus Bio-Energy hires veteran oil industry executive as CEO

Jon Rogers, a highly respected global oilfield executive who served in senior roles at BP and Clariant, has been named CEO of Locus Bio-Energy Solutions, a disruptive technology company whose unique bio-chemical based production and drilling fluid chemistries are increasing oil production and safety, and attracting top industry talent.

Vista Proppants has commenced outbound rail transload facility to enhance frac sand delivery

Vista Proppants and Logistics, LLC has commenced operations of a transload terminal facility to facilitate enhanced delivery of frac sand into the Midland and Delaware Basins of the Permian Basin.

QEP Resources said to work with Evercore on sale process

QEP Resources Inc. -- the energy explorer Elliott Management Corp. proposed to buy last week -- is working with Evercore Inc. to explore a sale, according to people familiar with the matter. Its shares rose as much as 5.4% on the news.

Chevron touts nimble shale as electric cars dim big oil's future

Chevron Corp. will spend about half its capital budget on projects that yield quick returns over the next three years, underscoring the importance of shale as it prepares for growing uncertainty in how the world consumes energy.

George H. W. Bush: An oil and gas retrospective

Kurt Abraham, World Oil

The former President’s tenure in the U.S. upstream industry was just as exemplary as his later career in public service.

Closing the loop on water treatment

Dr. Clay Maugans, Select Energy Services

There are numerous approaches to treating and recycling water in the oil field, with no single approach always being the right answer.

Water management

Mark Patton, Hydrozonix

May you live in interesting times

What's new in production

Don Francis, Contributing Editor

Hits and misses

Elliott makes $2 billion offer for oil driller QEP Resources

Elliott Management Corp. made a $2 billion proposal to acquire the portion of QEP Resources Inc. that it doesn’t already own as the activist investor expands its private equity prowess into the energy space.

Texas snaps 2-year streak of oilfield job growth as crude slides

Jobs in the Texas oil patch dropped for the first time in almost two years, according to the state’s workforce commission.

Ring Energy acquires acreage in the Permian

Ring Energy has announced that it has closed its transaction with Tessara Petroleum Resources, a wholly owned subsidiary of The Carlyle Group L.P., for assets located in Andrews County, Texas.

Crude plunges below $47, to lowest level since August 2017

Economic jitters and surging supplies from the U.S. to Russia hammered oil again, with crude suffering its biggest decline in more than three weeks.

Trading `God' says shale has oil prophets groping in dark

Andy Hall, the oil trader nicknamed “God” for his lucrative calls on crude, says the U.S. shale boom has made it far harder to predict global supplies.

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.