Permian Basin

Carrizo Oil & Gas Inc. (CRZO) on Tuesday announced a Delaware Basin farm-out agreement and updated spending plans one day after the company was tipped by an analyst as potentially the next small cap takeout target following Monday's Noble Energy Inc.-Rosetta Resources Inc. deal.

Noble Energy Inc. (NBL) is acquiring struggling Texas producer Rosetta Resources Inc. in an all-stock deal worth $2.1 billion plus debt assumption of $1.8 billion. Rosetta is active in the Eagle Ford Shale and Permian Basin.

Noble Energy Inc. is acquiring struggling Texas producer Rosetta Resources Inc. in an all-stock deal worth $2.1 billion plus debt assumption of $1.8 billion…

The liquids-rich Eagle Ford Shale and Permian Basin got something of a reprieve from substantial rig count declines in the latest census by Baker Hughes Inc. as the pullback across all basins was more modest than in recent weekly reports. Meanwhile, analysts are detecting positive trends for crude prices.

The liquids-rich Eagle Ford Shale and Permian Basin got something of a reprieve from substantial rig count declines in the latest census by Baker Hughes Inc. as the pullback across all basins was more modest than in recent weekly reports. Meanwhile, analysts are detecting positive trends for crude prices.

While reporting quarterly losses in its U.S. oil and natural gas operations, Houston-based Occidental Petroleum Corp. (Oxy) is focusing big on the Permian Basin and plans to increase its working rigs there later this year.

While reporting quarterly losses in its U.S. oil and natural gas operations, Houston-based Occidental Petroleum Corp. (Oxy) is focusing big on the Permian Basin and plans to increase its working rigs there later this year.

Cimarex Energy Co. beat its expectations and those of analysts for first quarter production after drilling deeper into the Permian Basin with seven long lateral wells that target the prospective Wolfcamp formation.

With the commodity crunch biting into first quarter earnings and growth plans, Devon Energy Corp. implemented cost reduction initiatives during the first quarter that pushed operating costs down by 9% from a year ago.