Permian Basin

Newly hatched independent Amistad Energy Partners LLC, run by veterans of BP plc’s North American operations, has opened for business in Houston with an eye on acquiring and developing U.S. onshore properties.

New horizontal drilling and hydraulic fracturing technology has made a big difference in production from new wells, the Energy Information Administration reported this week.

Exploration and production (E&P) operators in the U.S. onshore have been “racing toward perfection” when it comes to improving efficiencies in their drilling operations, but they’ve squeezed about all they can from the wells, according to one analyst.

Exploration and production (E&P) operators in the U.S. onshore have been "racing toward perfection" when it…

U.S. natural gas production is expected to be higher in August from a year ago in six of seven major onshore basins, but output has begun to weaken as associated production slumps from the pullback in oil drilling, according to data compiled by the Energy Information Administration (EIA).

Natural gas producer WPX Energy Inc. on Tuesday agreed to buy RKI Exploration & Production LLC’s Permian Basin operations in a transaction worth $2.75 billion, which would increase liquids reserves by one-third and substantially add to the drilling inventory.

U.S. natural gas production is expected to be higher in August from a year ago in six of seven major onshore basins, but output has begun to weaken as associated production slumps from the pullback in oil drilling, according to data compiled by the Energy Information Administration (EIA).

Natural gas producer WPX Energy Inc. on Tuesday agreed to buy RKI Exploration & Production LLC’s Permian Basin operations in a transaction worth $2.75 billion…

The Permian Basin was the big gainer among U.S. plays in the latest Baker Hughes Inc. rig count, released Friday (July 10). The basin added seven rigs to land at 239 for the week.