Permian Basin

Houston-based Enterprise Products Partners LP is adding 300 MMcf/d of incremental capacity to its cryogenic natural gas processing facility under construction near Orla, TX in the Permian Basin.

Global crude oil trader Vitol Inc. and a Hilcorp. Energy Co. affiliate are finalizing plans to develop a state-of-the-art export terminal on the South Texas coast that would move more Permian Basin volumes overseas.

The prolific Permian Basin, the mature super basin that extends from West Texas into southeastern New Mexico, should reach an oil production record this year of 815 million bbl-plus, far exceeding the previous peak of 790 million bbl set in 1973, according to IHS Markit.

The three partners in Gulf Coast Express (GCX), a $1.7 billion proposed project designed to carry 1.92 Bcf/d of natural gas from the Permian Basin to the Texas Gulf Coast, announced they will move forward with the pipeline.

Atlas Sand Co. LLC, formed by an expert onshore exploration team, has its sights set on becoming the Permian Basin fracture sand provider of choice as two plants in West Texas are readied for launch in 2018.

Newly formed ATX Energy Partners, a successor to Brigham Resources, has secured up to $780 million from a trio of private equity lenders to pursue unconventional resources in the Permian and Williston basins.

Houston-based Keane Group Inc. has newbuild orders underway to add 150,000 hydraulic hp (hhp), nearly all destined for the Permian Basin, representing three more fracture fleets.

Plains All American Pipeline LP (PAA) and Anadarko Petroleum Corp. each said Wednesday they will hold open seasons for projects to move West Texas crude oil, the third and fourth such announcements in less than a week.

Pegasus Resources LLC, a new mineral and royalty company devoted primarily to the Permian Basin and led by a team of veteran energy executives, has received a $300 million commitment from EnCap Investments LP.