Dallas-based RSP Permian Inc. is buying Permian Basin acreage and oil/gas producing properties in Glasscock County, TX, in multiple deals worth a combined $259 million in cash.
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North American Basin Makeovers, Capex Plans on Radar for Energy Analysts
New ways to drill old basins in North America is piquing the interest of energy analysts, who will be looking for insight into capital spending plans through the rest of 2014, and whether more mergers and public offerings are coming during 2Q2014 earnings presentations.
U.S. Silica Seeks to Buy a Texas Sand Producer
On a roll in the proppant industry, which has been expanding rapidly to support the North American shale boom, Frederick, MD-based U.S. Silica Holdings Inc. on Wednesday said it has signed a stock purchase agreement to acquire Voca, TX-based Cadre Services Inc., a regional sand mining company.
Texas Plant Deploys Promising Technology to Clean Produced Water
A water desalination plant in Texas has been outfitted with a promising technology developed at the Massachusetts Institute of Technology (MIT) and is being expanded to process up to 12,000 barrels per day of produced water from oil and gas drilling.
Baker Hughes: Well, Rig Counts Both Increased in 2Q2014
The well count and rig count in the U.S. onshore both increased slightly during the second quarter of 2014. The former was boosted by strong gains in the Permian Basin, Marcellus Shale and Granite Wash formation, while the latter reflected a slight improvement in drilling efficiencies, Baker Hughes Inc. (BHI) said Friday.
BridgeTex Seeks More Commitments for Permian-to-Gulf Coast Oil Pipeline
BridgeTex Pipeline Co. LLC, a partnership of Magellan Midstream Partners LP and Occidental Petroleum Corp., said Wednesday it has launched a supplemental open season for additional transportation commitments on the pipeline, which would carry crude oil from the Permian Basin to the Houston Gulf Coast area.
EIA Cites Six Pack of Prolific Formations for Permian Growth
Six formations in the Permian Basin of West Texas and New Mexico have made the region the nation’s leading oil breadbasket based on production, according to the U.S. Energy Information Administration (EIA).
Texas April Oil, Gas Production Up From Year-Ago Levels
Texas oil and gas production during April was up from year-ago levels, according to preliminary figures compiled by the Railroad Commission of Texas (RRC).
Permian Driller Viper IPO Exceeds Expectations, but Ohio-Focused Eclipse Fails to Impress
Diamondback Energy Inc.’s unique Permian Basin subsidiary Viper Energy Partners LP on Monday completed its better-than-anticipated initial public offering (IPO), which was continuing to draw enthusiastic investors to begin the week.
10 Permian Basin Counties to Pack $20B Punch in 2022
Ten West Texas counties in the heart of the Permian Basin will produce $20.5 billion in economic output in 2022 — eight years from now — according to the University of Texas at San Antonio (UTSA) Institute for Economic Development.