Permian


All posts for Permian

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 2 days 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 7 days 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 10 days 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 24 days agoOpinion > Ryan zinkeDonald TrumpPresident Trump +66

Best Performing Wells in Permian Break-Even at as Low as US$22 per Barrel

During the last three years, companies operating in the Permian basin have drilled much longer laterals and used substantially more complex well completion design in their newer wells with the aim of reaching higher initial production (IP) rates. Well lateral lengths in the Permian have increased i ...

OilVoice Press - OilVoice


Posted 25 days agoOpinion > GlobalDatawellPermian Basin +3

Increased Permian Production Helped US Crude Levels Surpass Forecasts

Kayrros global field monitoring revealed aggressive growth in the Permian Basin in March 2018, which will likely reduce its capacity problems sooner than expected.  Texas oil production grew in March 2018 largely driven by the Permian Basin, although the Eagle Ford also ...

Kayrros


Posted 1 month agoOpinion > Oil and GasOilgas +9

The Growing WTI - Brent Spread

  As of June 1, the spread between Brent and WTI – the two major world oil benchmarks – has widened to US$11/b. This is essentially the widest level in 3 years, and although it pales in comparison to the peak spreads of US$26/b in 2012, it also points to some fundamentals issues within crude supp ...

Easwaran Kanason


Posted 1 month agoOpinion > WTIBrentSpread +2

Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel

Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...

Will Fine


Posted 1 month agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68

Shale Support Inks Deal as Exclusive Provider for Northeast Facility

SHALE SUPPORT INKS DEAL AS EXCLUSIVE PROVIDER FOR NORTHEAST FACILITY May 9, 2018 (HOUSTON) – Shale Support Holdings, LLC , a leading provider of frac-sands and logistical solutions to the oil and gas proppant market, today announced it has finalized a deal making it the exclusive supply compa ...

Kristen Quinn


Posted 2 months agoPress > frac sandFrackinglogistics +13

Dr. Daniel Fine: Oil Speculation and Natural Gas/LNG in New England and Russia

American oil production is poised to reach upward to 11 million barrels of oil per day if the price of West Texas Crude reaches $75 a barrel.   Saudi Arabia or Saudi Aramco believes it will, and commodity speculators are following. It is similar to 2008 in June when Goldman Sachs forecast $250 per ...

Will Fine


Posted 2 months agoOpinion > Kingdom of Saudi ArabiaSaudi ArabiaSaudi Arabia Oil +34

U.S. Crude Oil Production Growth Projected to be Led by Light, Sweet Crude Oil

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 Reference case Recent growth in U.S. crude oil production has been primarily light, sweet crude oil, defined as having an API gravity of 35 or higher and sulfur content of 0.3% or less. These light, sweet crudes, wh ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > EIAEnergy Information Administration EIAUnited States +9

Oil/Gas E&P to Buy Permian Acreage in 'Immediately Accretive' Deal

John Freeman, an analyst with Raymond James, discussed the proposed transaction. Oil pump John Freeman, an analyst with Raymond James, discussed the proposed transaction. A March 28 Raymond James research report noted that Texas-based Concho Resources Inc. (CXO:NYSE) agreed to acqui ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > Oilgase&p +4

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 3 months 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 3 months 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 3 months agoOpinion > Rystad EnergyShaleUnited States +6