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HomePermian Basin

Permian Basin

News

US oil production efficiency continues to improve

January 24, 2020 Energi Staff

By Jozef Lieskovsky, Richard Yan This article was published by the US Energy Information Administration on Jan. 24, 2020. US oil production from tight formations increased in 2019, accounting for 64 per cent of total U.S. [Read more]

News

US crude oil production tops 12 million b/d in April

July 8, 2019 Energi Staff

By Emily Geary This article was published by the US Energy Information Administration on July 8, 2019. US crude oil production and lease condensate reached another milestone in April 2019, totalling 12.2 million barrels per [Read more]

permian oil prices
News

Permian oil prices up on increased pipeline capacity

March 27, 2019 Energi Staff

An extension to the Sunrise Pipeline adding 120,000 b/d of capacity and the repurposing of the Seminole Red Pipeline from natural gas to oil has helped boost Permian oil prices in recent months. Apache photo. [Read more]

News

New methanol plants boost industrial natural gas use through 2020

February 21, 2019 Energi Staff

Methanol plants are among the most natural gas-intensive industrial end users and require natural gas both as a feedstock and for process heat.  Honeywell UOP photo. Most methanol plants are located on US Gulf Coast, [Read more]

USA

Wolfcamp play key to Permian oil, natural gas output growth

November 16, 2018 Energi Staff

Rising productivity in the Wolfcamp, like in other plays in the Permian Basin, has been driven mostly by drilling longer horizontal laterals and optimizing completions. Wolfcamp play the deepest and thickest stacked shale formations in [Read more]

US crude exports
USA

As US crude exports to Asia rise, race is on to build Gulf Coast terminals

October 31, 2018 Energi Staff

As US crude exports increase, the race is on to build Gulf Coast terminals, however, some analysts say if all the proposed projects are built, there may not be enough crude for them.  Port of [Read more]

crude oil
News

US lighter crude oil production continues to rise

October 9, 2018 Energi Staff

As domestic production continues to increase, the average density of crude oil produced in the United States continues to become lighter.  Anadarko photo. Lighter crude oil production rose to over 4.6 million b/d in 2017 [Read more]

Gulf Coast refineries
News

Lighter crude used oil at Gulf Coast refineries as imports fall

October 2, 2018 Energi Staff

A report from the US Energy Information Administration shows that as Permian Basin production increases, US Gulf Coast refineries are processing the lighter crude.  Total photo. More Texas oil used at Gulf Coast refineries By Corrina [Read more]

Markham on Energy

Alberta oil/gas love affair with US shale glosses over industry that can’t make a buck even with high prices

August 9, 2018 Markham Hislop

Pipeline shortages, unprofitable, high breakevens for many shale producers, trouble accessing capital, high debt levels – does this sound like a model Canada should encourage? The Alberta oil and gas industry’s United States fetish is [Read more]

Halliburton
Financial

Halliburton stocks drop on Q2 results, Q3 warnings

July 23, 2018 Energi Staff

Shares in Halliburton dropped over 8 per cent on Monday after the oil and gas drilling company said it anticipates moderate growth in the Permian Basin and lower earnings in the upcoming quarter.   Halliburton shares [Read more]

natural gas prices
News

Permian natural gas prices fall on rising production: EIA

July 18, 2018 Energi Staff

If natural gas production continues to grow, and natural gas prices continue to fall, some producers in the Permian Basin may cease oil production to avoid producing associated natural gas.  San Antonio Express News photo by [Read more]

Permian Highway Pipeline
USA

Letter of intent signed for Permian Highway Pipeline Project

June 26, 2018 Energi Staff

Three major players in the oil industry, Kinder Morgan Texas, EagleClaw Midstream Ventures and Apache Corporation have signed a letter of intent for the development of the $2 billion Permian Highway Pipeline project.  Apache photo. [Read more]

US shale
USA

US shale companies hedged at $55 oil, missing out on $70 crude

June 13, 2018 Energi Staff

A number of major US shale companies sold their crude through futures contracts at about $55/barrel, and are now missing out on the $70/barrel crude prices.  Apache photo.  Wall Street investors disappointed in US shale [Read more]

Markham on Energy

Oil sands SAGD producers competitive with best of US shale basins – CERI

May 14, 2018 Markham Hislop

High production case shows oil sands production exceeding 7 million (MM) b/d by 2038, over 5MM in reference case (currently 2.8MM b/d) One of the most persistent myths perpetrated by the anti-oil sands brigade is [Read more]

west texas oil
USA

New oilfield technology helps fuel West Texas oil patch boom

May 1, 2018 Energi Staff

The West Texas oil industry is booming thanks to new technology that has helped bring breakeven costs down to as little as $25/barrel. CNBC photo by Morgan Brennan. Unemployment rates sink as West Texas oil [Read more]

oil production
Financial

US oil and gas midstream to grow by 14% in 2018, propelled by Permian Basin

April 30, 2018 Energi Staff 2

Crude oil production in Permian Basin providing a much-needed uplift for midstream companies East Daley Capital Advisors, Inc., an energy information and insights provider, reports that the overall outlook is positive for most major U.S. oil [Read more]

permian
Financial

Concho Resources buys RSP Permian in largest Permian deal ever

April 4, 2018 Energi Staff 2

Between Q2 2016 and Q1 2017, over US$40 billion was spent on Permian upstream M&A Concho Resources Inc. announced it will acquire RSP Permian Inc. in a US$9.5 billion all-stock deal. The transaction is the [Read more]

US shale
USA

US shale output to hit record high of 6.95 million b/d next month: EIA

March 12, 2018 Energi Staff

US shale production is set to rise by 131,000 barrels per day next month to a record high of 6.95 million b/d, according to the US Energy Information Administration.  Anadarko photo. US shale output gains [Read more]

encana
News

Encana cube development in Permian may be future of US fracking

February 22, 2018 Energi Staff

Encana RAB Davidson is spread over 16 acres and is made up of over 1 million pounds of drilling rigs, bulldozers, tanker trucks and other oilfield equipment.  Encana photo. “Cube development” by Encana taps multiple [Read more]

USA

ExxonMobil to triple Permian Basin production by 2025

February 2, 2018 Energi Staff 2

$6 billion Bass acquisition in 2017 added estimated 3.4 billion BOE for ExxonMobil ExxonMobil announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the [Read more]

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In the Spotlight

Notley ignores energy and loses election again. Time for a new NDP leader

by Markham Hislop in Markham on Energy

Rachel Notley is not the person to craft or deliver a new energy vision for Alberta. She has proven that repeatedly over past 4 years How do you hope to be premier of Canada’s energy [Read more]

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