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]
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 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 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]
$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]
Alberta oil sands costs are $30-40/b, compared to $50 break even for most US shale producers The prevailing wisdom in Alberta is that Western Canada is one of the highest cost oil and gas basins [Read more]
Alberta oil sands in good shape to ride out price volatility, but high paying oil and gas jobs won’t be back until 2018 Alberta is watching the Saudi vs. US shale cage match over marketshare with some [Read more]
2017 should see more stable prices, beginning of US shale revival As a year draws to its close, journalists like to look back and talk about what they got right, skip over what they got wrong, [Read more]
IHS Markit estimates Permian Basin will produce additional 60 billion barrels of oil While the energy world has been pre-occupied with the global price rout over the past two years, the Permian Basin in West [Read more]
South Delaware Basin short on oil and gas infrastructure, including pipeline capacity Yesterday’s announcement that Apache Corp. has discovered a three billion barrel oil field in the South Delaware Basin has many West Texans celebrating, [Read more]
Experts expect to see more E&P, service company bankruptcies before next boom starts Despite oil prices hovering in the mid-$40 range, the Permian Basin industry is shaking off two years of hibernation and readying itself [Read more]
Permian Basin leaders like EOG, Pioneer ready to resume drilling, smaller companies more cautious After a year and a half of tough times, the Permian Basin – the world’s most prolific shale basin – is showing [Read more]
Permian Basin oil patch looking forward to recovery when price recovers to $45 or $50 and holds for 30 days Mike Swihart was a bit surprised when some of his Permian Basin oil and gas [Read more]
American oil engineers are a hard sell for new technology, but innovation always seems to find a way into oil patch Will American oil companies be able to innovate their way to lower production costs? Maybe, [Read more]
Permian Basin already has shale fields that are profitable under $20/b, how much lower can costs go with Big Data/analytics? It’s an oil price war and American shale producers are bringing out the big guns, according [Read more]
Permian Basin enjoying a renewed spirit of innovation as companies respond aggressively to low oil prices Doom and gloom pervades the American oil industry right now, but judging from my experiences in the Permian Basin, [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
