Archive for the ‘Permian Basin’ Category
Permico Energia LLC, Houston, plans to build a 510-mile, 24-in. OD NGL pipeline to ship West Texas Permian basin production to a newbuild 300,000-b/d fractionator near Corpus Christi, Tex.
QEP Energy Co., a wholly owned subsidiary of Denver-based QEP Resources Inc., has agreed to acquire 13,800 net acres in the core of the northern Midland basin from an undisclosed seller for $732 million.
Second-quarter value for US oil and gas mergers and acquisitions was
about half of the record-setting first-quarter value, according to PwC LLP’s
latest energy deals report. But the $37.01 billion from 50 announced
deals was the third-highest second-quarter value of the past 8 years.
IHS Markit: Permian oil producers hedging 65% of their output at $50/bbl
July 26th, 2017 by Latest News
Crude oil-weighted operators in the Permian basin have hedged 65% of
their remaining 2017 oil production at $50/bbl and 50% of their
remaining gas production at $3/Mcf, according to analysis from IHS Markit Ltd.
PAA unit ends open season for Delaware basin-to-Cushing pipeline expansion
July 20th, 2017 by Latest News
A subsidiary of Plains All American Pipeline LP
reported a successful conclusion to the open season for additional
capacity from the Delaware basin to Cushing, Okla.
Vaquero Midstream LLC,
The Woodlands, Tex., is planning construction of the 200-MMscfd Caymus
II cryogenic processing plant on the firm’s existing Caymus plant site
in Pecos County, Tex., in the southern Delaware basin.
Crude oil production from the seven major US onshore regions is
projected to rise 113,000 b/d month-over-month in August to 5.585
million b/d, the US Energy Information Administration says in its Drilling Productivity Report.
The overall US rig count failed to record an increase this week for
the second time in 3 weeks as oil-directed rigs edged up. The drop in
activity comes just a few days after the US Energy Information
Administration slightly lowered its crude oil pr…