delaware

In the latest survey of drilling activity tallied by Baker Hughes Inc. (BHI) and NGI, the Permian Basin’s Delaware sub-basin added four more rigs to end the week at 89 active. That likely doesn’t surprise those who attended the recent Enercom industry conference.

After posting strong results in 2Q2016, Energen Corp. is moving forward on a drilling plan in the Permian Basin that could see the pure-play operator achieve double-digit production growth in 2017.

After bolting on more than 30,000 net acres in the second quarter, Permian pure-play operator Parsley Energy Inc. saw oil production surge more than 80% and the company raised its full-year production guidance for the second time this year.

With a resource potential twice as high as originally estimated, WPX Energy Inc. is on a mission to build its Permian Basin portfolio even more, particularly in the Delaware Basin, the company’s CEO said Thursday.

Led by burgeoning production in the Permian Basin’s Delaware sub-basin, Concho Resources Inc. saw total production reach 13.2 million boe in the second quarter, a 4% increase compared to 1Q2016, the Midland, TX-based independent said.

EnLink Midstream is partnering with an affiliate of NGP Natural Resources XI LP to expand natural gas gathering services in the Permian Basin’s Delaware play.

The management team of Anadarko Petroleum Corp. is becoming more optimistic that crude oil prices will increase to $60/bbl and remain “sustained” into 2017, allowing operations in the deepwater Gulf of Mexico (GOM), as well as the Permian and Denver-Julesburg (DJ) basins, to expand by later this year, CEO Al Walker said Wednesday.

Oil and gas producers have slashed $150 billion from their capital expenditure (capex) budgets for the Lower 48 states through 2017, a reduction in capex that’s more than three times that spent in any single country, according to an analysis by Wood Mackenzie.

An environmental organization that has long opposed shale gas development in Pennsylvania has filed to intervene in a lawsuit challenging the Delaware River Basin Commission’s (DRBC) ban on horizontal hydraulic fracturing in the 13,539-square mile watershed.