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HomePermian Basin

Permian Basin

ProPetro
Big Oil Companies

ProPetro to deploy electric-powered hydraulic fracturing fleets on ExxonMobil’s Permian operations

April 30, 2024 Mariel Alumit

(WO) – ProPetro Holding Corp. has entered into a three-year hydraulic fracturing services agreement to provide electric hydraulic fracturing services to ExxonMobil in the Permian basin. ProPetro will deliver and dedicate FORCE electric-powered hydraulic fracturing […]

oil
Big Oil Companies

ExxonMobil, Chevron to increase Guyana, Permian oil production amidst $100 billion M&A spending

April 30, 2024 Mariel Alumit

(Bloomberg) – If you want to understand why the two largest U.S. oil companies are together spending in excess of $100 billion on acquisitions right now, look no further than the amount of crude they’re […]

Crude Oil News

Deal Spotlight Episode #5: Chord + Enerplus and the Quest for 3-mile Lateral Locations

April 10, 2024 Michael Tanner

Bakken consolidation is here! Pumped to be back for this latest Deal Spotlight covering Chord + Enerplus.  This deal makes sense in lots of ways: acreage, development timelines etc… One of the things quoted many […]

Coal

Mexico Now Cutting Oil Production

April 3, 2024 Andy Del Prado

Daily Standup Top Stories Mexico Curbs Oil Exports April 2, 2024 Mariel Alumit Mexico’s state-controlled oil company plans to halt some crude exports over the next few months, a move that would cut supply from a […]

nuclear reactors
Exploration and Production

U.S. shale drillers to reduce Permian drilling emissions, increase reliability with nuclear reactors

April 2, 2024 Mariel Alumit

(Bloomberg) – U.S. oil and gas companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s Permian basin, a move aimed at cutting carbon emissions and ensuring reliable access […]

Crude Oil News

Daily Energy Standup Episode #328 – Disparity in Oil Demand Forecasts, New Mexico’s Royalty Rate Standoff, and Market Volatility

March 13, 2024 Andy Del Prado

Daily Standup Top Stories OPEC, IEA at most divided on oil demand since at least 2008 March 12, 2024 Mariel Alumit LONDON, March 11 (Reuters) – Producer group OPEC and the International Energy Agency, the world’s […]

New Mexico
Crude Oil News

New Mexico halts some oil-field lease sales in standoff over royalty rates in Permian Basin

March 11, 2024 Mariel Alumit

SANTA FE, N.M. (AP) — New Mexico’s State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and natural gas development in the Permian Basin as it seeks approval by […]

Crude Oil News

Deal Spotlight Episode #4 Navigating the Oil Patch: Insights into Mergers, Metrics, and Market Trends

March 4, 2024 Stu Turley

This is a Deal Spotlight with John Ferrell, Co-Founder / CEO at WellDatabase, and Michael Tanner. They cover great use of techniques in evaluating oil and gas deals. They even cover the Diamondback and Endeavor […]

ENB Podcast

ENB #178 Empowering Veterans and Oilfield Workers: A Conversation with Nick Burns of PetroFit

January 30, 2024 Stu Turley

This was a fun podcast with Nick Burns of PetroFit. Boy, we got into helping our great veterans and their charities. Not only helping get veterans transitioning from active duty to the oil and gas […]

industry
Crude Oil News

The U.S. is breaking oil-production records with fewer drilling rigs. Here’s how.

January 22, 2024 Mariel Alumit

U.S. oil production has been holding at or near record highs since October, topping the previous peak from 2020, even though the number of active domestic oil drilling rigs is down by nearly 30% from […]

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