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Is the Permian Played Out?

Industry Headlines

Saudis Pledge to Ensure Oil Supply
Tuesday, April 23, 2019 Saudi Arabia will coordinate with other crude producers to ensure that adequate supplies are available and the market does not go out of balance.

Oil Extends Rally
Tuesday, April 23, 2019 Oil extended gains after leaping to a six-month high on Monday.

New Oil and Gas Technology Roundup
Tuesday, April 23, 2019 Here's a look at some of the latest tech creating a buzz in the oil and gas industry.

Oil Prices Start Week Strong
Monday, April 22, 2019 Crude oil futures posted strong gains Monday amid a development on the US-Iran oil sanctions front.

How Ending Iran Waivers Affects the OPEC+ Oil Cuts
Monday, April 22, 2019 Here's a five-point breakdown of what happened, the impacts and what's next.

Iran Waivers Halt Set to Reverberate Across Globe
Monday, April 22, 2019 Six months after the U.S. rocked oil markets by letting Iranian exports continue, its decision to end sanctions waivers that allowed shipments is also set to reverberate across the globe.


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Exploration

Eni Inks Offshore Deal With RAK Gas
Monday, April 22, 2019 The deal marks a further push by the Italian company into the Middle East.

Exxon Makes 13th Oil Discovery Offshore Guyana
Friday, April 19, 2019 ExxonMobil made a new oil discovery at the Yellowtail-1 well offshore Guyana, marking its 13th discovery on the Stabroek Block.

Permian Drilling Record Reported
Thursday, April 18, 2019 A unit of Surge Energy US Holdings Co. has reportedly drilled a record-setting lateral in the Permian Basin.

Exxon, Qatar Petroleum Win Three Blocks Offshore Argentina
Wednesday, April 17, 2019 ExxonMobil Argentina Offshore Investments B.V. and a Qatar Petroleum affiliate snagged three exploration blocks offshore Argentina.

Talos Sets Offshore Mexico Record
Tuesday, April 16, 2019 Talos reported a record-setting offshore Mexico core sample.

Significant Gas Resource Found Offshore Australia
Tuesday, April 16, 2019 The Corvus-2 appraisal well has discovered a significant gas resource in the Carnarvon Basin offshore Western Australia.


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Production

US Shale Gas Swamps Market
Wednesday, April 17, 2019 Natural gas futures tumbled to the lowest in almost three years.

Venezuela Oil Output Is Said to Drop by Half
Friday, April 05, 2019 Power failures that plunged Venezuela into darkness for much of March also briefly slashed the country's crude production by half, according to people familiar with the situation.

Bahrain Seeks US Partners for Offshore Shale Discovery
Friday, April 05, 2019 The kingdom, whose capital Manama appears above, is pursuing another oil and gas industry first.

Lundin to Go Ahead with Rolvsnes EWT
Thursday, April 04, 2019 Lundin Norway agrees to proceed with an extended well test on the Rolvsnes weathered and fractured basement discovery on the Utsira High.

Aramco Reveals Steep Output Dip at Super-Giant Oil Field
Wednesday, April 03, 2019 Now the market finally knows: Ghawar in Saudi Arabia, the world's largest conventional oil field, can produce a lot less than almost anyone believed.

Shale's Growing Pains Could Curb US Oil Production
Tuesday, March 26, 2019 The dramatic ramp-up in U.S. shale production is running into a combination of issues that threaten to slow the pace of expansion.


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Finance and Investing

Aramco Sells an Impressive $12 Billion of Bonds
Wednesday, April 10, 2019 The debt offering is one of the most oversubscribed in history.

Aramco Gets $85B Demand for Maiden Bond
Tuesday, April 09, 2019 Oil giant Aramco received a blockbuster $85 billion in orders for its maiden global bond.

The Oil Industry's Wall Street Burden
Friday, March 01, 2019 The battle among analysts between calls for production growth and returns continues.

Pemex Assistance Plan Fails to Impress Bondholders
Friday, February 15, 2019 Pemex, the world's most indebted oil company, will refrain from issuing new bonds this year.

PetroQuest Emerges from Chapter 11 Bankruptcy
Tuesday, February 12, 2019 US independent PetroQuest Energy emerges from Chapter 11 bankruptcy.

Kuwait Petroleum to Reassess $500B Spending Plan
Monday, February 11, 2019 Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units.


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Company Operations

Halliburton Positioned to Thrive
Tuesday, April 23, 2019 Halliburton is well positioned to navigate the near-term and thrive in the long run, according to the company's chairman, president and CEO.

Aberdeen Services Firm Hiring After Equity Raise
Monday, April 22, 2019 Aberdeen-based Archer Knight has completed a $649,505 equity raise.

Total Turns to Artificial Intelligence to Cut Drilling Costs
Friday, April 19, 2019 The digital factory will employ between 200 and 300 engineers and build on successful North Sea pilot projects.

Chrysaor Touted as Incredible Growth Story
Friday, April 19, 2019 Chrysaor has been touted as an incredible growth story by Wood Mackenzie.

ConocoPhillips to Sell UK Assets for $2.675B to Chrysaor
Thursday, April 18, 2019 Houston-based ConocoPhillips is selling its two UK subsidiaries to private equity-backed Chrysaor E&P Limited for $2.675 billion plus interest.

Schlumberger Looks Overseas for Offshore, Exploration Growth
Thursday, April 18, 2019 The company sees growth in the shallow-water markets, followed by an expansion in deepwater spend in 2020.


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