Tag Archives: Permian Basin

The Permian Basin in Texas and New Mexico will soon become the third-biggest oil producing region in the world: IHS Markit

Output from the Permian basin is poised to double between 2017 and 2023, according to IHS Markit. At 5.4 million barrels per day, Permian production would surpass output from all other producer nation’s except Saudi Arabia and Russia. IHS Markit believes the jump in output will require more than $300 billion in investment. New IHS […]

Read more

Permian 3.0 Shows U.S.’s Biggest Oil Field May Have More to Give

  Call it Permian, version 3.0. That’s how Tim Dove, who leads Pioneer Natural Resources Co., refers to new well designs his company says are now pumping 35 percent more oil than their predecessors. And Pioneer’s not alone: Rivals are also boasting of huge improvements resulting from new-look technology, indicating that the biggest U.S. oilfield […]

Read more

Carlsbad Facility Improvements with Cetane Energy

PLANO, TX – May 3, 2018 – Murex LLC (Murex) and Cetane Energy, LLC (Cetane) have agreed to a major capacity expansion which will more than double the existing throughput of the Cetane crude oil trans-loading facility in Carlsbad, New Mexico serving the Permian and Delaware Basins. Capital improvements, which will be completed Q3 2018 […]

Read more

Permian Seen Second to Saudis for Spare Oil-Output Capacity

The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter. Oil producers in the Permian Basin have at least a combined 500,000 barrels […]

Read more

Parsley CEO Sheffield Stepping Into New Role In 2019; Successor Named

     Starting in January 2019, Bryan Sheffield will step back from the CEO role at Parsley Energy Inc. (NYSE: PE), the company he helped found and grow from a fledgling E&P to Permian Basin powerhouse in roughly 10 years. Sheffield will remain as CEO until 2018, at which point he will become executive chairman. He […]

Read more

New Mexico Moves Up in Oil & Gas Rankings

        ALBUQUERQUE — Thanks to more barrels of oil being pumped monthly from the Permian Basin, New Mexico is among the nation’s top producing states. Industry officials in New Mexico on Wednesday celebrated the latest figures released by the U.S. Energy Information Agency, saying investment by energy companies in the state worth […]

Read more

Atlas Sand Company Announces Plan to Locally Supply the Permian Basin….

Atlas Sand Company Announces Plan to Locally Supply the Permian Basin with 12 Million Tons per Year of High-Quality Frac Sand AUSTIN, Texas, Dec. 19, 2017 /PRNewswire/ — Atlas Sand Company, LLC (“Atlas,” “Atlas Sand,” or the “Company”) is pleased to announce its plan to locally supply the Permian Basin with 12 million tons per year of high-quality […]

Read more

Predator Drilling Acquires Assets of J. B. Hunt Gas and Oil Drilling

PREDATOR DRILLING ACQUIRES ASSETS OF J.B. HUNT GAS AND OIL DRILLING Two Great Companies Prove the Sum is Greater Than the Parts Midland, Texas: Predator Drilling LLC, a subsidiary of Predator Drilling Inc. of Red Deer, Alberta, has acquired all assets of J. B. Hunt Gas and Oil Drilling of Midland, Texas in an all […]

Read more

New Artificial Lift Designs & Production Optimization Technologies Permian Basin Congress 2018

American Business Conferences’ flagship Permian Production Optimization Congress returns to Houston on January 23, 24 & 25, rebranded as the New Artificial Lift Designs & Production Optimization Technologies Permian Basin Congress 2018, packed with E&P case studies and dollar-driven solutions to… ‘Maximize Production Out Of Existing Assets’ ‘Reduce Lifting Costs & Downtime’ ‘Reduce Well Failure Frequency’ The January 2018 […]

Read more

Oil Industry Continues to Recover, but Focused on Texas

Exxon Mobil and Chevron said Friday that they plan to bring more drilling rigs to the increasingly crowded Permian Basin, heaping praise on the 75,000 square miles teeming with oil across West Texas and New Mexico, where drillers can pump more crude at lower costs than most places. But the focus on the Permian by […]

Read more

One of the First US Refineries to be Built in 40 years Planned for Permian Basin

AUSTIN, Texas — MMEX Resources Corp., a global energy company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced that it plans to build a $450 million, 50,000-bpd capacity crude oil refinery in the West Texas Permian Basin, subject to the receipt of required […]

Read more

Rig Count Hops Up 12; Permian Basin Again Drives Rise

The number of oil and gas rigs in U.S. fields rose again this week, up 12 or about 170 over the past three months. This week’s count marks the fourth increase in a row, and a boom of more than 335 rigs since the count fell to its recent low, last spring. U.S. oil drillers […]

Read more