Tag: permian basin

Eagle Ford touted as ‘greatest energy success story’

The Eagle Ford Shale could help Texas’ oil production jump ahead of every OPEC country except Saudi Arabia.  More »

Big Oil comes up short in shale

The same North American oil patches that have lifted Pioneer and other independent oil producers to an unprecedented status in the energy industry haven’t come up gushers for major integrated oil companies like Royal Dutch Shell and BP.  More »

Kinder Morgan announces $1 billion carbon dioxide expansion

Kinder Morgan Energy Partners will spend about $1 billion as part of a project to expand its enhanced oil recovery program.  More »

A dash of saltwater could make fracturing more palatable

In a part of Texas where freshwater is especially precious, some oil and gas producers are learning to do without it in their hydraulic fracturing.  More »

Chesapeake Energy files to spin off $2.2B oil field unit

Chesapeake Energy filed regulatory documents Monday in preparation for the public spinoff of its $2.2 billion oil field service business, set for an undisclosed date this year.  More »

Pennsylvania driller adds Houston rep to boost shale business

Producers in unconventional oil plays are pushing to drill more wells with each rig they hire, and that has drilling companies upgrading their equipment to make it lighter, nimbler and more powerful.  More »

Power grid takes on the West Texas drilling boom

The booming oil and gas industry in the Permian Basin has created a voracious demand for power in West Texas, one that the grid is struggling to keep pace with, a Texas grid manager said Thursday.  More »

Bullish future for production, Chesapeake CEO says

From the swampy gas fields of Louisiana to Alberta’s icy tar sands to the jungles of Colombia, the best is yet to come for upstream production, panelists agreed during an afternoon discussion at CERAWeek.  More »

Apache to shrink stake in Canadian LNG

Apache Corp. President and CEO G. Steven Farris announced Tuesday that the company expects to reduce its stake in an LNG project in Canada as part of a strategy that continues to shift the company’s focus towards North American, onshore liquid production.  More »

Economist: Shale fever soon will decline

A Houston energy economist predicted that shale fever is about to ebb, and the industry will soon be looking to offshore plays for reliable and lucrative investment payoffs.  More »

Q&A: Company’s business goes to its heads

Canary, an oil field services company based in Denver, recently boosted its Texas presence with the acquisition of American Wellhead, an Odessa-based wellhead sales and service company active in the Permian Basin. Canary CEO Dan Eberhart spoke with FuelFix recently about the company’s activities.  More »

Diamondback buys more Perman Basin acres

HOUSTON – Diamondback Energy plans to add an additional 1,858 acres in the Permian Basin to its holdings, the second such deal it announced this week.  More »
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