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HomePermian Basin

Permian Basin

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Stop These Things

The Permian Basin: The gift that keeps on giving!

October 4, 2022 Mariel Alumit

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
Finance

$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 delivers a record first-quarter profit on higher output
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 […]

Earthstone Energy
Finance

Earthstone Energy Announces Northern Delaware Basin Asset Acquisition for ~$627 Million

June 28, 2022 Mariel Alumit

Highly Accretive Expansion in Northern Delaware Basin Meaningfully Increases Scale THE WOODLANDS, Texas, June 28, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into an agreement (the “Agreement”) to acquire […]

Permian Basin
Finance

Sitio Royalties Announces Highly Accretive Permian Basin Acquisitions

June 27, 2022 Mariel Alumit

DENVER–(BUSINESS WIRE)–Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced it has (i) completed the acquisition of over 19,700 net royalty acres (“NRAs”) in the Permian Basin from Foundation Minerals, a Midland-based portfolio […]

Crude.
Top News

Permian oil producers about to slow despite $100 crude

May 25, 2022 Mariel Alumit

(Bloomberg) — In a world crying out for more oil, a dusty stretch of West Texas and southeastern New Mexico is one of the only places that can deliver. But even with crude above $100 […]

Texas
Exploration and Production

Texas ramps up oil production as gas prices reach new record high

May 24, 2022 Mariel Alumit

(The Center Square) – As the Biden administration doubles down on its policies restricting domestic oil and gas production and promoting green energy, Texas is ramping up production and hiring people to work in the […]

Centennial Resource Development
Finance

Centennial Resource Development and Colgate Energy to Combine, Creating $7.0 Billion Permian Basin Pure-Play

May 19, 2022 Mariel Alumit

DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”) today announced they have entered into an agreement […]

More of Europe’s crude supply is coming from deep in the heart of Texas
Crude Oil News

More of Europe’s crude supply is coming from deep in the heart of Texas

May 6, 2022 Mariel Alumit

(Reuters) – U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to offset the expected loss of Russian oil, according to shipping […]

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