Permian Basin

Midland, TX-based independent Ring Energy Inc. said Monday that it has acquired 33,000 undeveloped acres in Gaines County, TX, with an eye toward growing its horizontal drilling footprint in the Central Basin Platform (CBP) in the Permian Basin.

Emerge Energy Services LP said Monday it plans to expand a sand facility south of San Antonio, TX, to serve proppant needs of oil and gas customers in the Eagle Ford Shale and Permian Basin.

San Antonio-based NuStar Energy LP has agreed to acquire Permian Basin crude oil gatherer and transporter Navigator Energy Services LLC for $1.475 billion. Already active in the Eagle Ford Shale, NuStar now would have a long-sought presence in the Permian, management said Wednesday.

San Antonio-based Stakeholder Midstream LLC has acquired the Lovington Gas Gathering System fromLucid Energy Group effective April 1.

BHP Billiton should jettison its U.S. petroleum business (offshore and on), which is undervalued by the market, does not contribute value to the company and does not mesh with BHP’s traditional mining operations, an activist shareholder said Monday in a letter to company directors.

Midland, TX-based Ring Energy Inc. continues to get results from its horizontal wells in the Permian Basin’s Central Basin Platform (CBP).

U.S. oil and gas management teams — and their investors — are increasingly upbeat about the renewed state of the industry, but there are concerns about Waha natural gas basis prices, cost inflation and the lack of trained labor, executives said this week in New York City.

An industry-led project to combine new geological data in West Texas in the Permian Basin is set to launch in May.

Buckeye Partners LP is planning a binding open season for a new crude oil pipeline from the Permian Basin to Corpus Christi, TX, that would meet growing demand for crude takeaway capacity from the booming region.