After remaining relatively flat in recent weeks, the US rig count took a sharp jump in mid-October, posting its fourth gain in the last five weeks. In the weekly rig count it has released since […]
Guest “Peak Productivity” by David Middleton Data source: Enverus SEPTEMBER 30, 2022Advances in technology led to record new well productivity in the Permian Basin in 2021 The Permian Basin in western Texas and eastern New Mexico […]
The Permian Basin is among the most important energy-producing regions in the world. About 72 percent of Texas oil production and 46 percent of Texas natural gas production occurs there, and the area is a […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), September 2022 and Baker Hughes Company Republished September 16, 10:00 a.m. to correct figure labels and Haynesville geography. U.S. natural gas producers are operating more drilling rigs now […]
ExxonMobil and Chevron saw mounting oil and gas production from the US Permian Basin in Q2 2022, and outlooks continue to project double-digit growth for each in the giant West Texas and southeast New Mexico […]
While oil pipeline capacity in the U.S. currently exceeds production, the country’s booming LNG and natural gas markets mean demand for infrastructure is soaring. The United States is projected to become the world’s largest exporter […]
HOUSTON–(BUSINESS WIRE)–Permian Highway Pipeline, LLC (PHP) today announced a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity. “In addition, approximately 30 of Kinetik’s […]
Major oil companies have taken different approaches to the 21st-century vision of searching for Carbon Net-Zero. Exxon, Chevron, Shell, BP, and TotalEnergies have all expressed that they are now “energy” companies and using their profits […]
Oil well re-fracking is on the rise in the United States. Re-fracking of existing shale wells can cost up to 40 percent less than drilling a new well. Re-fracking could also help U.S. shale drillers […]
Magellan Midstream announced the extension of their open season to solicit customer commitments for the potential expansion of our refined petroleum products pipeline system from the Houston area to El Paso, Texas. Significant interest has been expressed from potential […]
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