Tag: permian basin

Occidental profits fall 24 percent amid deflating crude prices

Occidental Petroluem said domestic oil production costs rose in the third quarter.  More »

Wilbur Ross sees profits for Texas shale as Venezuela struggles

Wilbur Ross, the investor who’s made billions betting on on-out-favor industries, is bullish on Texas oil after its recent tumble.  More »

Eagle Materials drills further into energy sector with acquisition

Eagle Materials is moving further into the energy sector by buying a company that sells an ingredient crucial to the hydraulic fracturing process.  More »

Frac sand company sees IPOs today, mergers tomorrow

It’s a good time to be among the handful of companies providing sand to the oil industry — one of the largest projects that the market will grow 30 percent in 2014.  More »

Exec sees Texas condensate exports soaring

Texas could be exporting 1 million barrels per day of an ultra-light oil known as condensate if oil companies have their way.  More »

Permian crudes weaken after Sunoco pipeline spill

Crude extracted from the largest U.S. oil field weakened against the U.S. benchmark after producers lost access to Midwest markets when a 4,000-barrel spill in Louisiana forced the shutdown of a key pipeline.  More »

Targa Resources to acquire Atlas for $5.9 billion

The acquisition will create a company with a presence in four of the top five basins by active rig count.  More »

Shareholder suit seeks to block Encana’s purchase of Athlon Energy

A new lawsuit brought by a shareholder of Forth Worth-based Athlon Energy hopes to block Encanca Corp.’s $7.1 billion acquisition of the Texas oil company.  More »

Houston startup raises $700M to tap aging Permian fields

The months-old company wants to pump money into the Permian Basin’s aging wells that could prosper again with carbon dioxide injections.  More »

Proposed LNG plant aims to fuel drilling rigs, pressure pumpers

Drilling companies in the booming Permian Basin may soon have an option to power their heavy-duty equipment with the same stuff they’re pumping from the ground.  More »

Eagle Ford, Permian drilling production surges

According to the Texas Petro Index, oil production in Texas rose almost 20 million barrels.  More »

As unconventionals dominate, buyers and sellers flip

Just a few years ago, the hope for a smaller exploration and production was to get bought up by an industry giant hoping to add assets to its ever-expanding portfolio. Today, that dynamic has been flipped entirely on its head.  More »
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