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HomePermian Basin

Permian Basin

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 […]

No Picture
Stop These Things

The Permian Basin: The gift that keeps on giving!

October 4, 2022 Allen Santos

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 […]

EPA
US Energy News

EPA to Conduct Flyover Inspections in Permian Basin for Oil and Gas Emissions

August 5, 2022 Mariel Alumit

Beginning this month, the Environmental Protection Agency (EPA) is conducting flyover inspections of Permian Basin oil and gas producers to check emissions levels. The agency will use helicopters equipped with infrared cameras to check for […]

Permian Basin
Financial Markets

$219M Permian Basin oil and gas land sale closes, company to cash-in on region’s growth

August 2, 2022 Mariel Alumit

Denver-based oil and gas company Sitio Royalties continued to up its presence in the Permian Basin, buying up more land in the U.S.’ busiest oilfield as energy markets continue to grow amid renewed demand following […]

Exxon signals operating profits could double over the first quarter
Earnings

Exxon signals operating profits could double over the first quarter – could cause calls for windfall profit taxes.

July 3, 2022 Stu Turley

Exxon Mobil Corp (XOM.N) on Friday signaled that skyrocketing margins from fuel and crude sales could generate a record quarterly profit, according to a securities filing. Energy prices have shot up this year with oil selling for […]

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Crude Oil News

U.S. petroleum product exports set a record high in 2022

March 20, 2023

March 20, 2023 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly Note: HGL=hydrocarbon gas liquids In 2022, the United States set a new record for petroleum product exports, up 7% from 2021, according to […]

Duke
Electrical Generation

Duke Energy Begins Construction on Two New Solar Sites in North Florida

March 20, 2023

Solar projects in Bay and Madison counties add to the company’s growing renewable generation portfolio At peak output, each site will generate enough carbon-free electricity to power nearly 23,000 homes ST. PETERSBURG, Fla., March 17, 2023 […]

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

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 […]

Crude Oil News

U.S. raises the offshore rig count ante

March 20, 2023

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States was on the upswing last week with three units added to the mix. The total number of rigs […]

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