Chevron Corp.’s Permian Basin, and specifically the Midland and Delaware play, helped increase North American shale and tight resources production year/year by 23,000 b/d in the third quarter.
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Articles from Permian Basin
Capline to Study Future Operations, Possible Diamond Interconnection
The three owners of the Capline crude oil pipeline system said they will conduct a study to determine potential future operations, as well as a possible connection to the proposed Diamond Pipeline.
October 31, 2014
Enterprise Bakken-to-Cushing Project Facing Cheap Oil Headwinds
Lower prices for crude oil aren’t doing any favors for Enterprise Products Partners LP’s proposed crude pipeline from North Dakota to the Cushing, OK, hub, executives admitted Thursday. But U.S. producers have staying power even at lower oil prices because the country “…is in the middle of a production revolution,” they said.
October 31, 2014
ExxonMobil’s Bakken, Woodford, Permian Driving U.S. Onshore
ExxonMobil Corp.’s U.S. onshore targets have proven to be a liquids-rich generator, and the company is continuing to prowl for attractive acquisitions, particularly in the Permian Basin, a top executive said Friday.
October 31, 2014
Texas Crude Production Climbing, NatGas Down From Year-Ago Levels
Texas crude oil and natural gas production statistics continue to reflect producers’ preference for oil over less-lucrative natural gas.
October 30, 2014
McClendon’s Permian Business Talks Public Launch Within a Year
The Permian Basin unit of American Energy Partners LP (AELP) could go public within a year depending on market conditions, the Aubrey McClendon-led company said Tuesday.
October 29, 2014
Texas Adopts Quake-Minded Injection Well Rules
The Railroad Commission of Texas (RRC) on Tuesday adopted rule changes that are intended to more closely regulate drilling waste disposal wells in areas of the state where there has been or could be heightened seismic activity.
October 28, 2014
Oneok Partners Buying Permian Basin-Focused NGL Pipelines
Oneok Partners LP is buying Texas natural gas liquids (NGL) pipelines and related assets from affiliates of Chevron Corp. for $800 million.
October 27, 2014
Bakken, Piceance Assets Likely to Be Sold, Oxy CEO Says
Occidental Petroleum Corp. (Oxy), which soon will spin off its California assets into a new company, currently has more of a sales mindset, but if oil prices continue to decline it could quickly switch to a buying mode regarding U.S. domestic assets, particularly in the Permian Basin, CEO Stephen Chazen said Thursday on a 3Q2014 earnings conference call.
October 24, 2014
Oxy Puts More Emphasis on Permian as California Splits Off
Reporting lower year-over-year 3Q2014 profits tied to lower oil prices and higher costs, Occidental Petroleum Corp. (Oxy) senior executives expressed bullishness Thursday about their slimmed down company’s future, emphasizing the huge growth potential they see in unconventional plays in the revitalized Permian Basin.
October 23, 2014
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