Permian Basin


All posts for Permian Basin

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 month 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 3 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 3 months agoPress > ChevroncapitalBudget +5

Natural Gas Prices in the Permian Basin Likely to Remain Low During 2019 Due to Constrained Pipeline Capacity, says GlobalData

Following a drastic drop in the Waha Hub natural gas price earlier this week, Adrian Lara, Senior Oil and Gas Analyst at GlobalData , a leading data and analytics company, offers his view on the impact on the upstream sector: “A direct consequence of the excess of natural gas supply is t ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > GlobalDatanatural gasNatural gas prices +4

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 3 months agoOpinion > Senator BingamanBingamanSanta Fe +71

The Wolfcamp Play Has Been Key to Permian Basin Oil and Natural Gas Production Growth

Source: U.S. Energy Information Administration, based on DrillingInfo Increased oil and natural gas development in the Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. Drilling and completion operations within the ...

OilVoice Press - OilVoice


Posted 4 months agoOpinion > EIAEnergy Information Administration EIAUnited States +9

Oilfield Helping Hands Permian Basin Chapter to Host First Meeting Under New Leadership

Oilfield Helping Hands (OHH), a non-profit organization that helps oilfield families in financial crisis, will hold its first Permian Basin Chapter meeting under new leadership.  The informational chapter meeting will be held on December 12, 2018, at Anadarko's Midland, Texas, facility, located at ...

OilVoice Press - OilVoice


    12 Dec 2018


Posted 4 months agoEvent > OilfieldOHHOilfield Helping Hands +3

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 4 months agoOpinion > e&pNYSERaymond James +6

Arthur D. Little Analysis Finds Collaboration is Central to Unlocking Enormous Oil and Gas Potential of US Permian Basin

London, 17 October, 2018 – Arthur D. Little (ADL) today released analysis that highlights the vast potential of shale oil & gas extraction across the US Permian basin. Production in the area, which spans Texas and New Mexico, could reach 5.4 million barrels of oil equivalent (BOE) per day by 2023, ...

OilVoice Press - OilVoice


Posted 5 months agoPress > Arthur D. LittleOilgas +7

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 5 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 5 months 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 6 months agoPress > Fort StocktonTexasWest Test +5

Oil & Gas MLP Poised for Growth as It Transitions to C Corp

A Raymond James report highlighted the rationale for a positive view on this Texas-based entity. In an Aug. 16 research note, John Freeman, a Raymond James analyst, offered reasons to remain bullish on Kimbell Royalty Partners LP (KRP:NYSE) . The master limited partnership (MLP) owns and ac ...

OilVoice Press - OilVoice


Posted 6 months agoOpinion > Streetwise ReportsNYSERaymond James +6

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 6 months agoOpinion > United StatesMiddle EastPermian +69

Appalachia, Permian, Haynesville Drive U.S. Natural Gas Production Growth

Source: U.S. Energy Information Administration, Drilling Productivity Report , Natural Gas Monthly , and Short-Term Energy Outlook Gross production of natural gas in the United States has generally been increasing for more than a decade and in recent months has been more than 10% hig ...

OilVoice Press - OilVoice


Posted 6 months agoOpinion > EIAEnergy Information Administration EIAAppalachia +8