Permian


All posts for Permian

Did Occidental Overpay for Anadarko?

Now that Occidental Petroleum has beaten Chevron to the acquisition of Anadarko Petroleum – and the strategic assets it holds in the prolific Permian Basin – one would think that the deal is cut-and-dry. The Occidental purchase of Anadarko had all the signs of a classic takeover battle, swooping ...

Hui Shan


Posted 28 days agoLink > OxyOccidentalanadarko +6

North American gas outlook to 2030

Debottlenecking and capacity additions that are currently or soon to be in progress will lead Appalachia to take a much larger role in supply, though associated gas from the Permian Basin will remain a substantial—and low-cost—supply source for much of the US Gulf Coast. However, ongoing associat ...

Hui Shan


Posted 1 month agoLink > Demandsupplygas price +8

Increasing Natural Gas Trade Between the U.S and Mexico

U.S. companies began exporting natural gas to Mexico via pipeline in 1988, and exports have increased significantly as the shale revolution in the U.S. produced affordable, abundant natural gas for consumers in the U.S., Mexico, and around the world.REF Liquefied natural gas (LNG)—which is transpo ...

Will Fine


Posted 1 month agoLink > MexicoNew MexicoGovernor of New Mexico +44

The ‘Argentine Permian’ Starts Shipping

But not only is it the first ever LNG sale for the country, it is also the first commercial output from the Vaca Muerta shale play – one of the world's largest shale formations and a potential game changer for the hobbling Argentine economy. The US EIA goes even further, estimating that the Vaca ...

Hui Shan


Posted 1 month agoLink > ArgentinaVaca MuertaLNG +7

The Permian is Ripe for M&A Battle

Next is Diamondback Energy, a Permian pure-play firm that has valuable assets in the Midland Basin as well as the prized (and prolific) Delaware Basin. Brushing up against Pioneer's acreage is ExxonMobil and Chevron's own boundaries, and its new status as a Permian pure-play makes Pioneer particu ...

Hui Shan


Posted 2 months agoLink > Pioneer Natural ResourcesEndeavor Energy ResourcesDiamondback Energy +8

Analysis: Oil market glut will lead to declining prices through 2020 by Dr. Daniel Fine

With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.  President Trump wants lower prices for gasoline at the pump and the Democratic Party wants a shortage to lift prices higher. This is the 2020 presidential election, to re-elect Trump or a create a Democratic left-center White ...

Will Fine


Posted 2 months agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

The Battle for Anadarko

The deal would have given Chevron significant and synergistic acreage in the Permian Basin along with new potential in US midstream, as well as Anadarko's high potential projects in Africa. And so Oxy was victorious, capping off a two-year pursuit by Hollub for Anadarko – which only went public a ...

Hui Shan


Posted 2 months agoLink > OxyOccidentalanadarko +4

The Rise of a New Ultramajor?

The purchase of Anadarko gets Chevron into two prolific areas: the Permian Basin in the US and LNG. Through Anadarko, Chevron will gain major US midstream space, including a 55% stake in the Western Midstream Partners whose pipelines crosses all over Texas, linking the Permian to the processing a ...

Hui Shan


Posted 3 months agoLink > ChevronanadarkoExxonMobil Shell +7

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 6 months agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 8 months agoOpinion > OPECNon-OPECNOPEC +91

Chevron Announces $20 Billion Capital and Exploratory Budget for 2019

SAN RAMON, Calif.--(BUSINESS WIRE)--Dec. 6, 2018-- Chevron Corporation (NYSE:CVX) today announced a 2019 organic capital and exploratory spending program of $20 billion. “Our 2019 budget supports a robust portfolio of upstream and downstream investments, highlighted by our world-class Permian Basi ...

OilVoice Press - OilVoice


Posted 8 months agoPress > ChevroncapitalBudget +5

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 8 months agoOpinion > Senator BingamanBingamanSanta Fe +71

Analyst: 'Unloved' Oil & Gas E&P is 'Premier Permian Growth Story'

A Raymond James report made the case for revising its rating on this energy company. In an Oct. 22 research note, analyst Pavel Molchanov reported that Raymond James upgraded its rating on Occidental Petroleum Corp. (OXY:NYSE) to Strong Buy from Outperform to reflect the oil and gas compan ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > e&pNYSERaymond James +6

Texas Oil & Gas Company's Permian Wells Produce Encouraging Results

Amazing Energy Oil & Gas Co.'s (AMAZ:OTCQX) CEO, Willard McAndrew III, reported that the company achieved "effective" outcomes from recent drilling and completing of the new #30 well on its Permian Basin acreage using the open hole technique. "We are very encouraged by the results of our drilli ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > Texas Oil & GasAmazing Energy Oil & GasPermian +5

Pipeline Bottlenecks in Permian Can Easily Create an Oversupply of Sand Affecting Mine Revenues, Says GlobalData

Svetlana Doh,   Oil and Gas Analyst at GlobalData , a leading data and analytics company, offers her view on the impact on the upstream sector: “Rapidly growing sand demand in Permian is raising questions on whether there will be enough supply of proppant available. It is estimated that ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > pipelinePermian BasinPermian +2