Midland

Natural Gas Flaring Remains ‘Undoubtedly’ Very High in Permian Basin, Says Rystad

Natural Gas Flaring Remains ‘Undoubtedly’ Very High in Permian Basin, Says Rystad

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.

February 14, 2020

Concho Casting Off Permian New Mexico Shelf to Spur Energy for $925M

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.

September 3, 2019
Medallion Gauging Interest in Capacity on Epic’s Permian Pipeline

Medallion Gauging Interest in Capacity on Epic’s Permian Pipeline

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.

July 22, 2019
Concho Raises Permian Growth Outlook, Eyes More Acreage Trades

Concho Raises Permian Growth Outlook, Eyes More Acreage Trades

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.

May 2, 2019
Concho, Frontier Midstream Target Moving More Oil Volumes from Permian Midland

Concho, Frontier Midstream Target Moving More Oil Volumes from Permian Midland

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.

April 15, 2019

Operator Permitted for Second Permian Oilfield Waste Landfill

Regulators in Texas have given Milestone Environmental Services a permit to build its second oilfield waste landfill in the Permian Basin.

April 12, 2019
Apache’s Two-Prong Permian Strategy on Alpine High Natural Gas, Delaware/Midland Oil

Apache’s Two-Prong Permian Strategy on Alpine High Natural Gas, Delaware/Midland Oil

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.

March 1, 2019
Callon Advancing Large-Scale Permian Delaware Projects in ’19

Callon Advancing Large-Scale Permian Delaware Projects in ’19

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.

March 1, 2019

Parsley to Rely on Dash of Efficiency to Self Fund Permian-Focused Growth

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.

February 22, 2019
Permian Delaware’s Wolfcamp, Bone Spring Assessed as Largest-Ever Unconventional Province

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.

December 7, 2018
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