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HomePermian Basin

Permian Basin

Energy Transfer
Finance

Energy Transfer to Acquire WTG Midstream in a $3.25 Billion Transaction

May 28, 2024 Mariel Alumit

WTG Midstream Owns and Operates the Largest Private Permian Gas Gathering and Processing Business with Assets Located in the Core of the Midland Basin Expands Energy Transfer’s natural gas pipeline and processing network in the […]

OPEC+
Crude Oil News

North America Keeps Losing Rigs

May 20, 2024 Mariel Alumit

North America dropped one rig week on week, according to Baker Hughes’ latest rotary rig count, which was released on May 17. Although the U.S. added one rig week on week, Canada dropped two during […]

Big Oil Companies

Will Geopolitics Kill The Markets?

May 1, 2024 Andy Del Prado

Daily Standup Top Stories U.S. produces the energy everyone is looking for: 900 MW at the largest plant in the world April 30, 2024 Mariel Alumit It is a common misconception that renewable energy is hidden in […]

Global Upstream
Big Oil Companies

Global Upstream M&A Market Poised for $150 Billion Injection in 2024

April 30, 2024 Mariel Alumit

Global upstream M&A deals could reach $150 billion in 2024, surpassing the first quarter’s $64 billion mark. North America, particularly the US shale sector, remains the driving force, with $80 billion of assets on the […]

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 […]

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