Permian Basin


All posts for Permian Basin

Shale Support Increases Drying Process Capabilities

March 27, 2018 (HOUSTON) – Shale Support Holdings, LLC , a leading provider of frac-sands and logistical solutions to the oil and gas proppant market, today announced a second dryer is now online in Picayune, Mississippi. This addition has allowed Shale Support to add an additional 2 million ton ...

Kristen Quinn


Posted 2 years agoPress > ShaleShale Oil MarketMarcellus +9

NES Global Talent Expands Recruitment Presence to Midland, Texas

NES Global Talent Expands Recruitment Presence to Midland, Texas New location places NES at the center of Permian Basin Employment Activity March 22, 2018 (HOUSTON) - With over 40 years of serving the oil and gas market, NES Global Talent is pleased to announce the expansion of its speciali ...

Kristen Quinn


Posted 2 years agoPress > Midland BasinPermian BasinPermian +4

Rystad Energy: The Big Spring Clean – Shale Companies Optimizing Their Portfolios

Since February 2018, in a move that looks like a “spring cleaning” of their portfolios, several companies have announced a shift of their focus on the main US shale plays by optimizing their portfolios through acreage transactions. US onshore shale producers are also boosting capital expenditu ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > Rystad EnergyShaleUnited States +6

Dr. Daniel Fine: OPEC in Houston and Steel Pipes From China

For a week in March, Houston was the site of a world assembly of oil producers engaged in an OPEC-Russia dialogue with American shale or light tight oil producers on supply and — indirectly — price.  OPEC and Saudi Arabia pitched a market information offensive.  Put simply, American oil producers ...

Will Fine


Posted 2 years agoOpinion > HoustonChinaChina National Petroleum Corporation CNPC +70

Permian Basin - Major Savings anticipated from changing frac sand supply chain

Dramatic Changes To the Supply of Frac Sand Will Lead to Huge Well Savings in the Permian Basin Energent , part of Westwood Global Energy Group , predicts a seismic shift in the supply of frac sand to the Permian Basin, Texas, this year. Its new report says that operators will tur ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Permian Basinfrac sandwestwood global energy group +3

ExxonMobil Adds 2.7 Billion Barrels to Reserves; Replaces 183% of 2017 Production

Exploration success and strategic acquisitions add high-quality resources U.S. Permian Basin, Guyana, Mozambique and Upper Zakum key factors in growth Nearly 10 billion oil-equivalent barrels added to resource base, largest since XTO acquisition IRVING, Texas--( BUSINESS WIRE )-- Exxon Mobil C ...

OilVoice Press - OilVoice


Posted 2 years agoPress > ExxonMobilExxon MobilExxon Mobil Corporation +6

Can The Shale Boom Avoid These Bottlenecks?

By Nick Cunningham of Oilprice.com Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of ...

Oilprice Staff


Posted 2 years agoOpinion > United StatesUSEIA +5

ExxonMobil to Triple Permian Production by 2025, Expand Transportation Infrastructure

Company plans to invest more than $2 billion in terminal and transportation expansion Investments supported by changes to U.S. corporate tax rate Downstream and Chemical expansions progressing due to increased low-cost supply IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil today announced that ...

OilVoice Press - OilVoice


Posted 2 years agoPress > PermianPermian Basintransportation +5

Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring

Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...

Will Fine


Posted 2 years agoOpinion > Donald TrumpPresident TrumpTrump +68

Micro-Cap Oil & Gas Explorer's First Permian Basin Well Flowing 465 Barrels/Day

Exploration is just beginning for this oil and gas E&P with large tracts of prime land in the Permian Basin in Texas. Torchlight's Hazel Project, Midland Basin, Texas Torchlight Energy Resources Inc. (TRCH:NASDAQ) , an oil and gas exploration and production (E&P) company with rights to pro ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Permian BasinTexasUnited States +3

Carrizo Oil & Gas Announces the Divestiture of a Portion of Its Eagle Ford Acreage

Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) has announced that it has entered into an agreement to divest a portion of its assets in the Eagle Ford Shale for $245 million in cash, subject to adjustment and customary closing terms and conditions. The divested assets include approximately 24,500 net acr ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Eagle FordDivestmentNasdaq +4

Dr. Daniel Fine on Oil and Gas: Prices and Supply Short of War in Middle East

One day after the OPEC annual meeting, although composed for publication two weeks ago, this column moves the clock forward to early 2018.  There is a background noise of regional “hybrid war” intruding on the market price of World and West Texas Intermediate oil. Most analysts both commercial and ...

Will Fine


Posted 2 years agoOpinion > Kingdom of Saudi ArabiasaudiSaudi Aramco +89

ExxonMobil Acquires Crude Oil Terminal to Serve Growing Permian Basin Production

Establishes ExxonMobil as key midstream provider in the rapidly growing Permian Basin Permitted for 100,000 barrels per day of throughput with the ability to expand Provides transportation and storage options for Permian Basin producers Exxon Mobil Corporation (NYSE:XOM) announced today that ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Crude Oil TerminalPermian BasinExxonMobil +2

ExxonMobil Continues to Increase Acreage Position in Permian Basin

IRVING, Texas--( BUSINESS WIRE )-- Exxon Mobil Corporation (NYSE:XOM) today announced it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and Midland Basins, th ...

OilVoice Press - OilVoice


Posted 2 years agoPress > ExxonMobilPermian BasinNYSE +2

Dr. Daniel Fine: Hurricanes, strategic implications, royalties and prices

Hurricane Harvey last month shut down more than 3 million barrels of oil refinery output or nearly 17 percent of the nation's capacity. Refinery capacity in the Gulf Coast was down over 30 percent on Aug. 30. Whatever caused this hurricane, there is now a risk of future size and scale to be reckoned ...

Will Fine


Posted 2 years agoOpinion > Hurricane HarveyStrategic Oil & Gasoil royalties +36