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Results 50 articles shown
Offshore Investments to Outpace Shale in 2019
Thursday, September 20, 2018 Rystad reports that investments in offshore projects will be higher than shale investments, shake-up from previous years.
Canada Shale Drillers Feel Permian Pain as Prices Collapse
Thursday, September 20, 2018 The Permian Basin isn't the only oil field facing pressure from pipeline bottlenecks.
Permian Highways Desperate for Traffic Relief
Friday, September 14, 2018 US Highway 285 is a major north-south route within the Permian Basin of West Texas and southeastern New Mexico, and it's seen better days.
Meet the Shalennials: CEOs Under 40 Making Millions in Texas Oil
Wednesday, September 12, 2018 Dozens of young entrepreneurs, mostly in their 30s, are running private-equity-backed companies in the frenzied boom in West Texas and New Mexico that may each be worth billions of dollars.
Study Suggests Pipeline Delay Worries Among Permian Producers
Wednesday, September 12, 2018 Oil producers in the Permian appear to be worried that key pipeline projects to boost takeaway capacity from the region might not hit their 2019 targeted start-up dates.
Permian Auction Doubles 2008 Record with near Billion-Dollar Sale
Friday, September 07, 2018 The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction.
Magellan Projects Permian Gulf Coast Pipeline Cost At $2B
Wednesday, September 05, 2018 Magellan Midstream Partners LP projects it would spend about $2B to construct a proposed crude oil pipeline in the Permian.
Schlumberger CEO Warns Transport Constraints To Slow Shale Gains
Tuesday, September 04, 2018 Schlumberger CEO warns that bottlenecks in the largest US shale basin would slow oil production growth and investments in the region.
Southwestern Energy Selling Fayetteville Shale for $1.865B
Tuesday, September 04, 2018 Southwestern Energy will be exiting Fayetteville shale through a sale of its business and related midstream assets.
Texas' Oil Output Drops In June For First Time Since Feb. 2017
Thursday, August 30, 2018 Texas oil production fell in June from a year earlier for the first time in 16 months.
US Shale Producer Magnolia Eyes Tripling In Size
Wednesday, August 29, 2018 Magnolia Oil & Gas Corp aims to at least triple in market valuation in coming years.
Drowning in Dirty Water, Permian Needs $22B to Stay Afloat
Wednesday, August 29, 2018 In the dry, dusty plains of West Texas, home to America's most prolific oil play, the problem isn't too little water, it's too much of it.
Eclipse, Blue Mountain to Merge, Creating $1.4B Appalachia-Focused Company
Wednesday, August 29, 2018 Two E&P companies with heavy focus in the Utica and Marcellus have agreed to a merger.
Wyoming Oil Basin Deals Rise As Companies Look Past Permian
Tuesday, August 28, 2018 Oil companies looking for the next big find are wading into the Powder River Basin of Wyoming.
Argentina Re-Ignites Labor Deal To Spur Investment In Vaca Muerta
Tuesday, August 28, 2018 Argentina relaunched a one-year-old agreement between the government, companies and workers to drive competition and spur development in Vaca Muerta.
Permian Pipeline Constraints Cause of $1.4B in Deferred Completion Spend
Tuesday, August 28, 2018 A new quarterly forecast by Westwood finds that pipeline takeaway capacity constraints in the US' hottest shale play will see hundreds of deferred completions through 2019.
Total Rules Out Investing In US Shale Oil After BP-BHP Deal
Monday, August 27, 2018 Total is not looking at investing in the US shale oil industry.
Daycare Waiting Lists Hurt Local Permian Communities
Wednesday, August 22, 2018 More than 1,400 children were on daycare waiting lists in Midland and the surrounding area earlier this year, according to the latest available data.
Diamondback's Energen Acquisition Will Create Synergies in Permian
Wednesday, August 15, 2018 Diamondback's purchase of rival Energen signifies a move toward consolidation, according to Rystad Energy.
Diamondback To Buy Energen In $9.2B Deal To Boost Permain Presence
Tuesday, August 14, 2018 Diamondback Energy says it will buy Energen Corp in an all-stock deal valued at $9.2 billion.
'New Player' Enters Louisiana Austin Chalk
Monday, August 13, 2018 Amelia Resources has sold 40,000 net acres of newly acquired leases in Louisiana Austin Chalk and Louisiana-Mississippi (LAMS) Stack plays to an 'undisclosed US-based buyer.'
US Cuts 2018 Crude Oil Production Growth Forecast
Tuesday, August 07, 2018 U.S. crude oil production in 2018 was expected to grow at a slower rate than previously forecast amid lower crude prices according to a monthly U.S. government report.
BLOG: Reflections from My Visit to the Permian
Thursday, August 02, 2018 Activity in the nation's hottest shale play is high, but how does that affect the residents of West Texas?
Shale Companies Sink On Investor Disappointment, Hedging Losses
Wednesday, August 01, 2018 Shares of US oil producers dropped sharply after several companies posted weaker-than-expected results.
Frac Sand Producer US Silica Forecasts Strong Second Half
Tuesday, July 31, 2018 US Silica Holdings Inc's forecast an upbeat second half of the year on strong demand.
Permian Decline Rate Inaccuracies Risky for Operators, Investors
Monday, July 30, 2018 A new report by Wood Mackenzie examines the risks facing operators and investors from inaccurately estimating well decline rates in the Permian.
KKR, Williams to Buy Shale Pipe Operator for $1.2B
Monday, July 30, 2018 KKR & Co. and Williams Cos. agree to buy a Colorado pipeline and services provider from TPG Growth.
Chesapeake to Sell Utica Shale for $2B
Thursday, July 26, 2018 Chesapeake Energy Corp. agrees to sell its Utica Shale assets in Ohio.
PwC: 2Q Sees Increase in M&A Deals; Downstream Leads in Value
Thursday, July 26, 2018 PwC's latest quarterly report reveals that downstream and midstream dominated the second quarter in terms of deal value.
Drug Use in the Permian: Substance Abuse Advocates Look to Help Oil Workers
Thursday, July 26, 2018 Rehab centers in Midland treat many oilfield professionals who are abusing drugs and alcohol.
Home Prices Shoot Up in West Texas as Oil Activity Barrels On
Wednesday, July 25, 2018 While the Permian remains a hotbed of shale activity, residents and workers are challenged with an inflated housing market.
In First For UK, Govt Clears Cuadrilla To Frack Shale Gas Site
Tuesday, July 24, 2018 Cuadrilla became the first operator in Britain to receive final consent from the government to frack an onshore horizontal exploration well, paving the way for commercial production.
Oil, Gas Companies Focus on Recruitment, Retention in the Permian
Tuesday, July 24, 2018 While Midland is enjoying low unemployment rates due to increased Permian activity, there is still high demand for oilfield talent. (Photo Courtesy of Halliburton)
Oil Majors Quizzed on Near-Term Permian Hiring Plans
Monday, July 23, 2018 Rigzone asks several oil and gas majors about their hiring plans in the Permian Basin in the near future.
Halliburton Sees Moderate Permian Growth On Pipeline Worries
Monday, July 23, 2018 Shares of Halliburton fell by more than 8% after the company warned of moderate growth in the oil and gas-rich Permian Basin.
Schlumberger, Baker Hughes Set Sights on 'Healthy' 2H
Friday, July 20, 2018 Schlumberger and Baker Hughes have their sights set in different directions as they move into the second-half of 2018.
Analyst: New Pipeline in Mexico to Help Relieve Permian Bottleneck
Friday, July 20, 2018 A new natural gas pipeline in northern Mexico should provide needed takeaway capacity for Permian producers.
US Crude Oil Output Hits 11 Million bpd For First Time Ever
Wednesday, July 18, 2018 US crude oil production last week hit 11 million barrels per day (bpd) for the first time in the nation's history.
ICE to Launch Permian WTI Crude Oil Futures Contract
Tuesday, July 17, 2018 The contract is expected to launch in third quarter of 2018 and will have physical delivery in Houston.
Argentina to Include New Companies in Vaca Muerta Labor Deal
Friday, July 13, 2018 The Vaca Muerta play in Patagonia is one of the world's largest reserves of unconventional hydrocarbons.
West Texas Sand Currently Bringing in Billions
Tuesday, July 10, 2018 There is perhaps no industry that better captures the money-multiplying effect of the Permian boom.
Combined Concho-RSP Company 'Will Likely be in a Very Good Position'
Tuesday, July 03, 2018 With Concho Resources expected to complete its purchase of RSP Permian in 3Q, Rigzone looks at analyst views of the deal.
Dallas Fed: Energy Sector Growth Strong, But Permian Challenges Remain
Thursday, June 28, 2018 The Dallas Fed's latest quarterly energy survey reveals a record business activity index.
An Emerging Shale Oil Producer Is Courting Majors
Thursday, June 28, 2018 Algeria looks to attract more foreign investment to help it tap its rich shale reserves.
Natural Gas Execs See 'Century Of Supply' In US Shale
Wednesday, June 27, 2018 Natural gas production from US shale fields can keep growing for decades, giving Washington a powerful diplomatic tool to counter the geopolitical influence of other energy exporters.
Kinder Morgan, EagleClaw and Apache Team Up for $2B Permian Pipeline
Tuesday, June 26, 2018 The pipeline project should address some of the bottleneck concerns around Permian Basin production.
Unfracked Wells Growing as Permian Pipe Scarcity Worsens
Thursday, June 21, 2018 Pipeline bottlenecks in North America's biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it's about to get a lot worse.
Equity Ramping Up to Target Unconventional Plays Including the Permian
Wednesday, June 20, 2018 Despite bottleneck woes, investors are opening their wallets for the latest wave of unconventional fever and the Permian in particular.
Pioneer Chairman Says Permian Faces Shut Ins on Pipe Shortage
Wednesday, June 20, 2018 The biggest US shale region will have to shut wells within four months because there aren't enough pipelines to get the oil to customers.
Argentina's Shale Potential Hit As Small Firms Struggle For Funds
Tuesday, June 19, 2018 Small shale producers are struggling to break into Argentina.