With hundreds of thousands of barrels’ worth of crude oil pipeline announced during recent weeks, the midstream sector proves it’s planned ahead for the Permian Basin’s production recovery. This is Continue Reading
BP is looking at ways to incrementally increase its footprint in U.S. shale oil and gas production, its Chief Executive Officer Bob Dudley said on Tuesday. Dudley said the company Continue Reading
U.S. energy companies added oil rigs for a 13th week in the last 14, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over Continue Reading
Producers angling to produce more crude oil at higher, stable prices must replenish their workforces to take advantage of the low-key rally, analysts say. This is the second half of Continue Reading
Supermajors and independents alike scramble for acreage in the prolific Permian Basin as rigs counts increase and crude oil prices stabilize. During the oil and gas industry’s last two dismal Continue Reading
Low oil prices and the distress of the solar, coal, and oil and gas producers resulted in nine energy firms making the top 10 of public company bankruptcies for 2016 Continue Reading
The oil industry invested more than $28 billion in buying up land in the Permian Basin in 2016, three times the amount spent in 2015, according to Reuters . That Continue Reading
The Permian shale oil basin in the southern United States is among the few to show gains even during the market downturn, a federal report finds. Overall, the shale oil Continue Reading
Endeavor Energy Resources LP, a privately-held Texas oil producer, is considering an initial public offering of stock to expand operations on more than 330,000 acres of land it controls in Continue Reading
In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel. Here in the Permian Basin of Continue Reading
