Permian Basin

Atlas Pipeline Partners LP and Pioneer Natural Resources have expanded an existing gas processing agreement that will lead to the construction of 200 MMcf/d of additional cryogenic capacity to serve production from the Permian Basin in West Texas.

The U.S. onshore well count rose 4% year/year in 1Q2014, but it was down by 3% sequentially, with the biggest declines in the Marcellus and Barnett shales, Baker Hughes Inc. said.

After winter declines due to unusually harsh weather conditions, oil production growth is back, and the forecast for the next two years calls for steep increases in the Bakken Shale, Permian Basin and Gulf of Mexico (GOM), according to the latest tracking by Genscape Inc., a Louisville, KY-based energy research and consulting firm.

An index of oil and natural gas upstream activity in Texas reached a new high for February with increasing production — for oil the highest since 1980 — higher commodity prices at the wellhead following along with a booming workforce.

Super independent ConocoPhillips’ estimated resource base in the Eagle Ford Shale is 2.5 billion bbl of oil in place, much more than a previous forecast of 1.8 billion, management said Thursday.

Athlon Energy Inc. is buying 23,500 net acres in Texas counties Martin, Upton, Andrews and Glasscock for $873 million in cash…

With the sale of utility Alabama Gas Corp. (Alagasco) to the Laclede Group inc., Permian-focused Energen Corp. will have after-tax proceeds of about $1.1 billion…

Three Texas oilfield service providers have merged to form 1845 Oil Field Services for proppant logistics and freight management in North America's onshore.

Crestwood Midstream Partners LP plans to further expand its Willow Lake Project in the Permian’s Delaware Basin with conversion of a portion of its Las Animas gas gathering system to rich gas service and construction of a cryogenic gas processing plant.