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HomePermian Basin

Permian Basin

Crude Oil News

U.S. Crude Oil And Refined Products Exports Are Driven By Production Growth

May 29, 2023 Allen Santos

Consider this fact: Three of every five barrels of crude oil produced in the U.S. are exported, either as crude oil or in the form of gasoline, diesel, jet fuel or other petroleum products. Sure, […]

Marathon
Crude Oil News

Marathon’s return to Basin encouraging

May 22, 2023 Mariel Alumit

Having returned to activity in the Permian Basin last year, Marathon Oil Corp. reports that production here is already rivaling that of the Bakken and Eagle Ford formations. Lee Tillman, who is president, CEO and chairman of […]

Oil Drilling Plunges the Most in Two Years With Shale Producers Pulling Back
Crude Oil News

Oil Drilling Plunges the Most in Two Years With Shale Producers Pulling Back

May 21, 2023 Allen Santos

Oil drilling is collapsing in the US as producers rein in output, mirroring a recent plunge in rigs searching for natural gas. Rigs targeting crude declined by 11 to 575 this week, according to data […]

Matador
E&P

Matador Resources to pay $6.2M in fines over Permian Basin pollution

April 10, 2023 Mariel Alumit

Matador Resources (NYSE:MTDR) and Permian Resources (NYSE:PR) have resolved Clean Air Act violations by agreeing to lower emissions of methane and other pollutants, the Environmental Protection Agency said Tuesday. Matador (MTDR) agreed to pay $6.2M in fines and […]

Mexico
Crude Oil News

More than 3,000 acres of New Mexico public land being sold for oil and gas amid protests

March 20, 2023 Mariel Alumit

A sale of New Mexico’s public land to the oil and gas industry was expected in May with lands going to auction throughout the Permian Basin in the southeast corner of the state. The auction scheduled […]

Oil
Crude Oil News

TxOGA: Oil and gas impact on Texas economy is extraordinary

January 24, 2023 Mariel Alumit

Riding a level of oil and natural gas prices not seen in at least eight years, Texas oil and gas producers enjoyed a banner year in 2022 and in return contributed record amounts to not […]

Shale drillers
Big Oil Companies

Oil major BP’s Permian operations have become key to its clean …

December 26, 2022 Allen Santos

The traditional oil and gas facilities it bought in the Texas oil field were sending more greenhouse gases into the atmosphere than those of its Permian peers. Now, BP  is upgrading those traditional well sites with more […]

ExxonMobil
Crude Oil News

ExxonMobil, Chevron each see slightly lower 2022 Permian Basin output than expected

October 31, 2022 Mariel Alumit

ExxonMobil and Chevron each foresee a bit lower respective Permian Basin production profiles for 2022 than earlier stated, although both are still running high volumes of several hundred thousand barrels a day apiece of oil […]

gas prices
Crude Oil News

Texas Natural Gas Prices Sink Close To Zero

October 25, 2022 Mariel Alumit

While U.S. natural gas futures gained more than 4% on Monday, natural gas in the Waha part of the Permian Basin was falling and trading close to zero, traders told Bloomberg on Monday. Flourishing natural […]

Advances in technology led to record new well productivity in the Permian Basin in 2021
EIA News

Advances in technology led to record new well productivity in the Permian Basin in 2021

October 7, 2022 Allen Santos

September 30, 2022 Data source: Enverus The Permian Basin in western Texas and eastern New Mexico is one of the world’s most prolific unconventional oil- and natural gas-producing regions. The Permian Basin has become more […]

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Is Bidens controversial Bitcoin mining tax dead or set to rise from the ashes
Crypto

Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes?

June 3, 2023

Bitcoin (BTC) miners in the United States  can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass. The Digital Assets […]

Electric Vehicles

California State Assembly Votes To Ban Driverless Trucks

June 3, 2023

By Alan Adler of FreightWaves, The California State Assembly voted Wednesday to ban driverless trucks from the state’s roadways, requiring a safety driver be present. If passed by the Senate, it would leave the state […]

Hawaii
Energy Storage

Can’t Help Falling In Love – Hawaii Finds The Move Away From Fossil Fuels Is Easier Said Than Done

June 2, 2023

It has become abundantly clear over the past couple of years that energy transition isn’t going to be a straight line leading directly to abundant carbon-free power and a net-zero world. All sorts of obstacles […]

Shell
E&P

Shell takes Stena Drilling’s newest drillship for work in Gulf of Mexico

June 1, 2023

Offshore drilling contractor Stena Drilling has secured a new drilling contract with Shell’s subsidiary – Shell Offshore – for operations in the U.S. Gulf of Mexico. This assignment will be undertaken by the newest addition […]

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