The volume of waste natural gas that is flared or vented at the wellhead in the Permian Basin tripled between early 2017 and the fourth quarter of 2018 and has been range bound since then between 550 MMcf/d and 750 MMcf/d, “undoubtedly a very high volume,” according to analysts at Rystad Energy.
Articles from Midland
Permian Basin pure-play Concho Resources Inc. is tightening up after agreeing to sell its New Mexico Shelf properties to recently formed Spur Energy Partners LLC for $925 million.
Medallion Pipeline Co. LLC is holding a binding open season through Aug. 16 to test support for shipping capacity from the Permian Basin on an oil pipeline owned by Epic Crude Pipeline LP.
Permian Basin pure-play Concho Resources Inc. bumped up its growth outlook for production in 2019, but it kept its spending plans unchanged as it completed several major projects ahead of schedule.
Permian Basin pure-play Concho Resources Inc. and Frontier Midstreams Solutions IV LLC have partnered to build a crude gathering, transportation and storage system in the northern part of the Midland sub-basin to support growth in the region.
Regulators in Texas have given Milestone Environmental Services a permit to build its second oilfield waste landfill in the Permian Basin.
With the Alpine High natural gas program basically on autopilot, Apache Corp. is bearing down on developing more liquids and oily resources across the Permian Basin, CEO John Christmann said Thursday.
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.
Permian pure-play Parsley Energy Inc. said it will increase its development activity in a portion of the Midland sub-basin in 2019, as it reaffirmed plans to reduce capital expenditures (capex) and still grow production.
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.