Tag: Permian Basin

February 24, 2020

A new report from Enverus (formerly Drillinginfo) tells a now-familiar story for U.S. producers drilling for oil and gas in basins outside of the Permian: A focus on cutting costs, increasing efficiencies and prioritizing drilling for oil over natural gas. […]

October 15, 2019

Turmoil in the oil market is nothing new, and recent events in the Middle East, including the missile attack on Abqaiq and the apparent attack on an Iranian tanker, have overshadowed developments in the oil market fundamentals, but further out […]

September 9, 2019

The NYMEX Henry Hub price for natural gas has firmed up in recent weeks, rising over the $2.50/Mmbtu mark in early September 9 trading thanks to the ongoing heat wave in Texas and other states where natural gas provides a […]

August 16, 2019

The major trend in North American storage markets this year has been the focus on handling the continent’s burgeoning crude oil production. It is in a unique position among the world’s centres, with storage hubs in Asia-Pacific and Europe largely […]

August 8, 2019

What we’re seeing is that [Permian Basin] wells drilled this year are continuing the trend of being better than they were the year before, across the whole Permian – the New Mexico Permian and the Texas Permian. Average per-well peak […]

April 5, 2019

Last week Saudi Aramco — the national oil company of Saudi Arabia and the world’s largest oil company — lifted a veil of secrecy around the company’s operations. For the first time in decades, operational details for Saudi Aramco were […]

March 12, 2019

Big oil is getting even bigger in shale, and that could speed up a shakeout among independents and force more mergers and joint ventures. Last week, both Exxon Mobil and Chevron said they would boost their growth in the Permian […]

February 2, 2017

In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel. Here in the Permian Basin of West Texas, the largest U.S. oil patch, the industry poured […]