Permian Basin ///

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.

Oil giants unlikely to bail out independent drillers in the Permian

Oil giants probably won’t be buying up the Permian basin’s struggling independent drillers any time soon.

Kimmeridge Energy, PDC continue board spat after losing majority vote

Kimmeridge Energy Management fell short in its efforts to revamp the board of PDC Energy Inc. with investors in the driller opting to reelect incumbent directors.

Danos continues to win big in Permian and Delaware basins

Danos has recently entered into a contract with an independent land company based out of Dallas, Texas, to transition 50-60 crew members in a variety of positions.

Exterran makes splash in Permian with produced water contract

Exterran Corporation, a global systems and process company offering solutions in the oil, gas, water, and power markets, announces its Water Solutions business has secured a significant produced water treatment contract with a major operator in the Midland area of the Permian basin.

Oxy begins engineering the world’s largest direct air capture and sequestration plant

Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental, and Carbon Engineering Ltd. (CE), a Canadian clean energy company, has announced they are jointly proceeding with the engineering and design of the world’s largest Direct Air Capture (DAC) and sequestration facility.

Texas pipeline protesters face jail time under new proposal

Oil pipeline protesters who interrupt operations or damage equipment could face up to 10 years in prison under legislation approved by Texas lawmakers.

ExxonMobil Permian Development to provide $64 billion in benefits to New Mexico

ExxonMobil has said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements.

Wood's Permian teams take center stage at recent leadership visit

Thirteen Wood employees working in the US Permian shale basin were recently recognized in front of a 200-strong group of team mates by Wood’s chief executive, Robin Watson and Asset Solutions Americas CEO, Andrew Stewart.

Permian drillers pull back amid U.S.-China trade spat

Crude explorers deployed fewer rigs in U.S. fields this week amid an escalating U.S.-China trade war that weighed on oil prices.

Chevron's $1 billion could be used to buy one of these companies, instead of Anadarko

Chevron Corp. is taking its $1 billion breakup fee and walking away from the biggest deal in the oil industry in at least four years. But the supermajor may not be done yet.

Water management

Mark Patton, Hydrozonix

Time for a reality check

Pioneer asks senior management to consider retirement, sells assets

Pioneer Natural Resources Co. is asking one-third of its senior managers to retire as the Texas shale oil driller shrinks spending, sells assets and raises dividends.

Saudi Arabia’s TAQA announces North American Investment, acquisition plans

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) plans to acquire two companies in the North American oilfield services technology and manufacturing sectors by the end of the year.

Activist stakeholder pushes for Carrizo sale

Activist investor Lion Point Capital has built a position in Carrizo Oil & Gas Inc. and wants the driller to explore a sale or merger with another Permian explorer to gain scale.

Activist investor urges Carrizo Oil & Gas to sell

Activist investor Lion Point Capital has built a position in Carrizo Oil & Gas Inc. and wants the driller to explore a sale or merger with another Permian explorer to gain scale.

Lessons from big oil earnings, first quarter 2019

Big Oil had a mixed first quarter, showing continued recovery from the biggest downturn in a generation, but chinks in their armor against the onslaught of volatile markets.