Archive for the ‘Permian Basin’ Category
BHP Billiton Ltd. said it’s “actively pursuing options” to sell its US onshore oil and gas assets, which it has classified as noncore amid pressure from shareholders to divest.
Downward trend continues for US drilling
August 18th, 2017 by Latest News
The overall US rig count has declined for the third straight week and fifth time in 8 weeks, advancing what could be a partial reversal of a drilling rebound that lasted more than a year.
3Bear Energy LLC,
Denver, has entered into definitive agreements with an unidentified
anchor shipper to develop, own, and operate a gathering and processing
system for oil, gas, natural gas, and water production to serve Permian
producers in the no…
EIA: Major US onshore regions’ oil output to rise 117,000 b/d in September
August 14th, 2017 by Latest News
Crude oil production from the seven major US onshore producing regions is forecast to increase 117,000 b/d month-over-month in September to 6.149 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report.
Major US operators entered 2017 with increased capital budgets and plans to ramp up drilling in the Lower 48’s most promising regions, namely the Permian basin and Sooner Trend Anadarko basin Canadian and Kingfisher counties (STACK) play.
The overall US drilling rig count declined during the week ended Aug. 11 for the fourth time in the past 7 weeks, and gas-directed rigs led the losses for a second straight week.
Andeavor proceeds with Conan crude gathering system in Delaware basin
August 11th, 2017 by Latest News
Construction is under way on Andeavor’s 130-mile Conan crude oil gathering pipeline system in the Permian’s Delaware basin.
Hibernia III backed for Texas acquisitions
August 9th, 2017 by Latest News
Hibernia Energy III LLC, Houston, has received equity commitments of $250 million from NGP through NGP Natural Resources XII LP and will acquire and develop unconventional oil and gas properties in Texas.
The overall US rig count has recorded its largest decline since
before the drilling rebound commenced in late May-early June of 2016.
Non-potable water pipeline completed in West Texas for fracturing jobs
August 4th, 2017 by Latest News
Layne Christensen Co., a water-well drilling company, constructed a
22-in high-capacity non-potable water pipeline and infrastructure system
to serve oil and gas producers in the Delaware basin. The $18-million
water infrastructure project covers ne…