Permian


All posts for Permian

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 days 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 11 days 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 month 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 month 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 2 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 2 months 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 3 months 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 3 months 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 3 months 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 4 months agoPress > Fairfield GeotechnologiesSan Simon ProjectPermian +4

BHP: Sale of Onshore US Assets

BHP today announced that it has entered into agreements for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville Onshore US oil and gas assets for a combined base consideration of US$10.8 billion, payable in cash. BP American Production Company, a wholly owned ...

OilVoice Press - OilVoice


Posted 4 months agoPress > BHPDivestmentAssets +9

Permian Region Natural Gas Prices Fall as Production Continues to Grow

Source: U.S. Energy Information Administration, based on Natural Gas Intelligence The natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown considerably in the past year. Natural gas ...

OilVoice Press - OilVoice


Posted 4 months agoOpinion > EIAEnergy Information Administration EIAUnited States +7

Xedia Announces Sale and Expands Capabilities as Blackbuck Resources

Xedia Announces Sale and Expands Capabilities as Blackbuck Resources Blackbuck Resources receives significant equity commitment from Cresta Energy Capital HOUSTON - Xedia Process Solutions (XPS) today announced it has been acquired by Blackbuck Resources, LLC ("BBR"), a newly formed midst ...

Kristen Quinn


Posted 4 months agoPress > AcquisitionmidstreamPermian +3

MMEX Resources Corp. Enters into Solar Power Plan for its Refinery Project

MMEX Resources Corp. enters into Solar Power plan for its Refinery Project MMEX forms solar power sub, MMEX Solar Resources, for its refinery projects in Pecos County, Texas FORT STOCKTON, TEXAS – July 9, 2018 – MMEX Resources Corp. (OTCPK: MMEX), a development-stage company focusing on t ...

Kristen Quinn


Posted 4 months agoPress > TexasTexas Oil and GasPermian +4

Dr. Daniel Fine: Oil – Before and After the November Election

The Trump Administration is moving towards less royalty rates on Federal land leases, less Bureau of Land Management discretion on Environmental Protection Act obstruction on the Application for Petroleum Drilling process, less coal and nuclear power generation decline, and less oil supply confiden ...

Will Fine


Posted 5 months agoOpinion > Ryan zinkeDonald TrumpPresident Trump +66