Tag: permian

Rallying Permian beats anew as heart of Texas oil

The Permian Basin, which helped define the Texas oil business for 50 years then hit the skids, is back big-time, and a new government report makes the point.  More »

Trains keep rolling from Permian Basin

Trains will roll all month out of the Permian Basin, the largest onshore U.S. oil field, as production outpaces pipeline capacity and a refinery outage saps demand.  More »

Feds: Eagle Ford will lead shale production growth in July

The U.S. Energy Information Administration expects that the Eagle Ford Shale will produce 1.4 million barrels of crude oil and other liquids daily in July.  More »

Chevron CEO, in Midland, touts Permian Basin

The Permian Basin is undergoing a tremendous rebirth due to technological advances, Chevron Corp. chairman and CEO John Watson said Wednesday at the company’s annual shareholder meeting.  More »

Report: Horizontal rigs surging in Permian Basin

Half the increase in horizontal drilling over the last five months has happened in the Permian Basis, according to a new U.S. Energy Information Administration report.  More »

Energy rigs in U.S. climb to tie highest count since 2012

Rigs targeting oil and natural gas in the U.S. increased this week, tying a 20-month high, as energy producers used a record number of horizontally drilling ones to reach deposits in shale formations in the middle of the country.  More »

New projections show oil production soaring as rigs boost efficiency

Oil production will continue to soar in the six major U.S. shale plays, with more barrels pumped per rig, according to federal projections released Monday.  More »

US now pumping 10 percent of the world’s crude

The United States accounted for 10 percent of world crude oil production in the fourth quarter, with oil from unconventional tight rock operations accounting for almost half of the crude American wells produced.  More »

Report: Increased rig demand lifting drillers’ prospects in 2014

Helmerich & Payne and other early adopters of new rig advances have held an edge over latecomers with older models, but the technology gap is narrowing and a recent upturn in demand may begin leveling the field, according to a report released this week.  More »

Natural gas producers say they are here to stay

the growing demand and production of natural gas show that the industry is here to stay, panels agreed at a Wednesday panel at the CERAWeek energy summit in Houston.  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 »

New data tool shows best drilling spots in Eagle Ford Shale (video)

As oil prices have climbed and natural gas prices have fallen, operators have increasingly moved to the lucrative plays – a trend that the U.S. Energy Information Administration has mapped out over time.  More »
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