Permian Basin

Genesis Energy Ready to Build Louisiana Crude Unloading Facility

Genesis Energy LP has completed preliminary work and is preparing to begin construction of a $75 million crude oil unit train unloading facility in Raceland, LA, the Houston-based company said Monday.

August 28, 2013
Whiting Adds to Bakken War Chest

Whiting Adds to Bakken War Chest

Whiting Petroleum Corp. is building its presence in the Williston Basin by purchasing some acreage in North Dakota and Montana, the Denver-based operator said Tuesday.

August 28, 2013
Anadarko’s Onshore Exploration Spending Set to Jump

Anadarko’s Onshore Exploration Spending Set to Jump

Anadarko Petroleum Corp. is setting the wheels in motion to accelerate U.S. onshore drilling following the $2.64 billion cash sale for part of its offshore Mozambique natural gas project.

August 27, 2013
S&P: Any of Several Plays Could Be Next Eagle Ford

S&P: Any of Several Plays Could Be Next Eagle Ford

Liquids-rich and oil plays have clearly won the hearts and dollars of North American producers. The Eagle Ford and Bakken shales are stars now, but several others are poised to join or possibly eclipse them, according to a recent note by Standard & Poor’s Ratings Services (S&P).

August 27, 2013
Independents Proving Size Doesn’t Matter

Independents Proving Size Doesn’t Matter

Big Oil’s attempt to take over the North American onshore from U.S. independents so far hasn’t paid off as some would have imagined just a few years ago, with the majors still struggling to capture the kind of profits and production results they may have been anticipating.

August 23, 2013

Producers See Equity Heating Up, ‘Vigorous’ Enthusiasm for Permian

Exploration and production (E&P) companies remain enthusiastic about the U.S. onshore, in particular the Permian Basin, Niobrara formation, Utica Shale and the Tuscaloosa Marine Shale (TMS), based on observations at the recent EnerCom Consulting oil and natural gas conference, said two analyst teams who were there. However, Marcellus Shale pricing appears to be a “real concern for the buyside.”

August 20, 2013

Caza Touts Latest Bone Spring Well

Caza Oil & Gas Inc. is making progress on its Caza Ridge horizontal Bone Spring program, with its latest well producing at a peak 24-hour rate of 1,004 bbl and 1.3 MMcf of gas.

August 13, 2013
Permian Oil Propels Devon to Record Average Daily Production

Permian Oil Propels Devon to Record Average Daily Production

Strong growth in oil production — especially in the Permian Basin — propelled Devon Energy Corp. to record the highest average daily production rate in its history during the second quarter of 2013, as the company also saw positive test results in the Woodford Shale.

August 9, 2013
Eagle Ford, Bakken, Permian Production Soars 47% for ConocoPhillips

Eagle Ford, Bakken, Permian Production Soars 47% for ConocoPhillips

ConocoPhillips saw its combined production in the Permian Basin, Eagle Ford and Bakken shales nearly double during 2Q2013, and it expects to see future growth from its holdings as it transitions to multi-well pad drilling and experiments with tighter well spacing and hydraulic fracturing (fracking) stages.

August 5, 2013

Permian, Anadarko Drive Apache to Profit, Production Gains

Apache Corp., which has been streamlining its North American operations to concentrate on building output from the Permian and Anadarko basins, reported a huge jump in production, and profits, during the second quarter.

August 5, 2013
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