Permian pure-play Callon Petroleum Co. plans to boost production by more than 20% in 2019, while moving forward with large-scale development projects in the Permian Basin’s Delaware formation.
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Noble Identifies Lower 48 Savings, Cuts Capex Sharply through 2020
Noble Energy Inc., with its Lower 48 oil and gas projects humming along and coming closer to completion with the first phase of its world-class Leviathan natural gas project offshore Israel, is planning to slow things down spending-wise, with combined 2019 and 2020 capital spending slashed by nearly $1 billion.
Callon Reducing Permian Spend Slightly but Lifting Production Outlook by 20%-Plus
West Texas pure-play Callon Petroleum Co. is trimming its 2019 capital spending and tightening its rig count, but it still expects to increase production by 20%, the Houston independent said Tuesday.
PDC Curbs Spending, but Expects Permian, Wattenberg to Boost Production
PDC Energy Inc. plans to cut back this year, setting a capital budget that’s about $150 million lower than in 2018, but core assets in the Permian and Denver-Julesburg (DJ) basins are expected to drive a 20% increase in production growth.
WPX Cutting 2019 Capex, Selling Permian-Focused WhiteWater Stakes
WPX Energy Inc., which three months ago set 2019 capital spending plans geared to $65/bbl West Texas Intermediate, slashed capital expenditures (capex) by 23% to track within an average $50 oil price, cutting two rigs that were slated to run through the year.
Adelphia Gateway Project Advances with Favorable FERC EA
FERC staff has issued a favorable environmental assessment (EA) for the proposed Adelphia Gateway Project, which would add facilities to a pipeline near Philadelphia.
NGL Energy Selling Texas Saltwater Disposal Assets for $238M
NGL Energy Partners LP said it wants to focus on an area of the Permian Basin that straddles the New Mexico-Texas border, and will sell saltwater disposal wells, associated infrastructure and permits in Texas to a subsidiary of WaterBridge Resources LLC for more than $238 million.
Permian Delaware’s Wolfcamp, Bone Spring Assessed as Largest-Ever Unconventional Province
The Permian Basin’s Wolfcamp and Bone Spring formations in the Delaware sub-basin contain an estimated mean of 46.3 billion bbl of oil, 281 Tcf of natural gas and 20 billion bbl of natural gas liquids (NGL) of undiscovered, technically recoverable resources, making it the largest continuous reserves assessment ever, the U.S. Geological Survey (USGS) said.
NOAA Approves ‘Incidental’ Mammal Harassment in Atlantic Seismic Oil & Gas Surveys
The National Ocean Atmospheric Administration’s (NOAA) Fisheries Office of Protected Resources (FOPR) has issued final authorizations to five companies allowing them to “incidentally, but not intentionally, harass marine mammals” while conducting geophysical surveys in support of oil and natural gas exploration off the Atlantic coast from Delaware to Florida.
NGI The Weekly Gas Market Report
Williams, Brazos Midstream Eye Permian Natural Gas, Oil Expansion
Tulsa-based pipeline giant Williams is teaming up with Permian Basin pure-play Brazos Midstream to expand their natural gas and crude oil footprint in West Texas.