Permian


All posts for Permian

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 10 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 10 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 11 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year agoOpinion > pipelinePermian BasinPermian +2

MMEX Resources Corp. Announces its Reverse Split of Stock and Convertible Debt Buyback Program

FORT STOCKTON, TEXAS – September 17, 2018 – MMEX Resources Corp. (OTCPK: MMEX), a development-stage company focusing on the development of a 10,000 barrel-per-day (BPD) crude distillation unit and a full-scale crude oil refinery in Pecos County near Fort Stockton, Texas,  today announced it inte ...

Kristen Quinn


Posted 1 year agoPress > Fort StocktonTexasWest Test +5

Dr. Daniel Fine: Trump and Oil in Trade Geopolitics

Unlike 1973, and its oil embargo against the United States, there is no supply threat from the Middle East. Consequently, only a demand unknown moves the price of crude oil. Permian/Delaware has displaced the Middle East as a source and even Mexico imports U.S. production.  This has caused euphori ...

Will Fine


Posted 1 year agoOpinion > United StatesMiddle EastPermian +69

Permian Production Decelerates, Waiting for Pipelines

The Permian Basin's rapid production growth is showing signs of deceleration, according to ESAI Energy's recent North America Watch. An evaluation of shale producers finds that while Permian basin operating costs in the second quarter have fallen about 6 percent on average from this time last year, ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > pipelinePermian BasinPermian +3

Oil & Gas Firm's Q2/18 Shows Production Upside, 'Portfolio Cleanup,' Strong Cash Flow

A Raymond James report reviewed the company's most recent financial and production numbers. In an August 2 research note, analyst Pavel Molchanov with Raymond James reported that against a backdrop of increased production and high cash flow in Q2/18, Marathon Oil Corp.'s (MRO:NYSE) ear ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Oilgaso&g +8

Fairfield Geotechnologies' San Simon Project

Fairfield Geotechnologies Expands Permian Data Coverage New San Simon survey to begin in Northern Delaware Basin   HOUSTON, TEXAS 8 August 2018 — Fairfield Geotechnologies announces another multi-client project in Lea County, New Mexico.  The 145 square mile San Simon 3D survey, one of three ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Fairfield GeotechnologiesSan Simon ProjectPermian +4