Powder River Basin

Lower 48 Oil, Natural Gas Permitting Slumps, but Up from Year Ago

Lower 48 Oil, Natural Gas Permitting Slumps, but Up from Year Ago

August natural gas and oil permitting across the Lower 48 reversed course from July, particularly in the Permian Basin, but activity still was higher than a year ago, according to data compiled by Evercore ISI. New well permitting declined in August by 3,106 month/month (m/m). Still, the tally last month was 27% higher than in…

September 19, 2022
After Dealmaking, Crestwood Looking to ‘Big Year’ in Permian, Williston

After Dealmaking, Crestwood Looking to ‘Big Year’ in Permian, Williston

After a series of acquisitions, Crestwood Equity Partners LP is now in “harvest mode,” with a focus on generating strong growth in the core areas of the Williston, Permian Delaware and Powder River basins, management said. Crestwood earlier this month closed on the acquisition of Permian-focused Sendero Midstream Partners LP, boosting its natural gas processing…

July 29, 2022
Devon Eyeing LNG Opportunities, Maintaining Focus in Permian

Devon Eyeing LNG Opportunities, Maintaining Focus in Permian

Oklahoma City-based Devon Energy Corp. reported steady growth in the first quarter, especially from its Permian Basin assets. However, the company is holding firm to its “value over volume” approach, choosing to maintain its production and capital investment levels. Despite heightened global oil and gas prices because of the Russian invasion of Ukraine and calls…

May 3, 2022
Crestwood Riding High on Strong Commodity Prices, Oasis Midstream Acquisition

Crestwood Riding High on Strong Commodity Prices, Oasis Midstream Acquisition

Crestwood Equity Partners LP said its acquisition of Oasis Midstream Partners LP, coupled with robust natural gas and oil prices, helped it drive strong first-quarter results. The Houston-based company expects continued momentum. It said key gathering and processing assets leveraged to higher producer activity in the Williston, Delaware and Powder River Basins in the second…

May 2, 2022
Cowboy Saddles Up for PRB Crude Offload Terminal

Cowboy Saddles Up for PRB Crude Offload Terminal

Cowboy Midstream LLC is set to bring online a crude oil truck offload facility in the Powder River Basin (PRB) next month. The Casper, WY-based midstream provider began construction on the Ross Road Terminal in October. The terminal is being built along Cowboy’s Powell Lateral II Pipeline, to which the terminal would be connected.  The…

March 11, 2022
Chesapeake Builds Natural Gas-Rich Marcellus Portfolio with Chief, Tug Hill Purchase

Chesapeake Builds Natural Gas-Rich Marcellus Portfolio with Chief, Tug Hill Purchase

Chesapeake Energy Corp. on Tuesday snapped up a batch of natural gas-rich Marcellus Shale assets with a $2 billion-plus takeover of Chief E&D Holdings LP and affiliates of Tug Hill Inc. According to the Oklahoma City-based independent, pro forma natural production capacity could increase by up to 200 MMcf/d. The transaction, set for completion by…

January 25, 2022
Devon Holding Lower 48 Natural Gas, Oil Production Flat into 2022

Devon Holding Lower 48 Natural Gas, Oil Production Flat into 2022

Global oil and natural gas demand is forecast to remain tight in the months ahead, but Devon Energy Corp. is holding the line on its Lower 48 production and instead rewarding shareholders. The Oklahoma City-based independent, whose portfolio is concentrated in some of the richest oil and natural gas basins of the country, plans to…

November 11, 2021
Texas Oil, Gas Permitting Continues Recovering and California Requests Rising

Texas Oil, Gas Permitting Continues Recovering and California Requests Rising

The monthly U.S. oil and gas permit count was nearly flat in September from August, with activity in the Eagle Ford Shale and some smaller Lower 48 plays offsetting declines in the Powder River and Permian basins, according to Evercore ISI. Each month the Evercore team compiles federal and state permitting data to note the…

October 18, 2021
Vermilion Progresses in PRB’s Oil Patch and Sees Sharp Commodity Price Gains

Vermilion Progresses in PRB’s Oil Patch and Sees Sharp Commodity Price Gains

Calgary-based Vermilion Energy Inc., which operates in eight countries on three continents, said it was lifted by sharp commodity price increases in the first six months of the year as the world began to recover from the Covid-19 pandemic. Vermilion operates in Canada as well as the Powder River Basin (PRB) of Wyoming. It also…

August 19, 2021
E&P Permit Requests Said Focused in Permian, Powder River and Eagle Ford

E&P Permit Requests Said Focused in Permian, Powder River and Eagle Ford

U.S. drilling permit activity climbed sharply in July, led by the Eagle Ford Shale, Powder River and Permian basins, but the overall numbers are still short from the pre-pandemic days of July 2019, according to Evercore ISI. The energy analyst team led by James West uses federal and state data to compile a monthly review…

August 16, 2021
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