Archive for the ‘Permian Basin’ Category

Baker Hughes’ overall US rig count increased this week by its largest margin in 2 months, driven by more oil-directed drilling and activity in Utah and the Gulf of Mexico.

Baker Hughes’ overall US rig count increased this week by its largest margin in 2 months, driven by more oil-directed drilling and activity in Utah and the Gulf of Mexico.

Epic Y Grade Pipeline LP,
a subsidiary of Epic Y Grade Services LP and Epic Midstream Holdings
LP, has agreed with BP Energy Co., a subsidiary of BP PLC, to anchor a
650-mile NGL pipeline that will link the Permian and Eagle Ford regions
to Gulf Co…

Epic Y Grade Pipeline LP,
a subsidiary of Epic Y Grade Services LP and Epic Midstream Holdings
LP, has agreed with BP Energy Co., a subsidiary of BP PLC, to anchor a
650-mile NGL pipeline that will link the Permian and Eagle Ford regions
to Gulf Co…

The Permian basin still holds an estimated 60-70 million bbl of technically recoverable resources, according to IHS Markit research.

The US rig count during the week ended Sept. 22 declined for the
sixth time in 8 weeks, again anchored by a drop in oil-directed rigs.

Operators implemented technology to rapidly increase Permian basin
production and they are poised to continue increasing Permian
production. But Wood Mackenzie Ltd. suggests geological constraints
could lead to long-term production growth declines, …

Crude oil output from the seven major US onshore producing regions is
forecast to increase 79,000 b/d month-over-month in October to 6.083
million b/d, the US Energy Information Administration said in its latest
monthly Drilling Productivity Report.

The US rig count during the week ended Sept. 15 recorded its largest decline since the end of the drilling dive of late-2014 to mid-2016.

Sabinal Energy LLC,
The Woodlands, Tex., has acquired assets comprising 7,500 boe/d of
production and covering 66,500 net acres in Hockley, Terry, and Gaines
counties in Texas, part of the Central Basin Platform and Northern
Shelf, from Chevron USA…