Permian Basin

Enterprise Building Out NatGas Infrastructure in Permian's Delaware

Enterprise Products Partners LP is planning to construct a cryogenic natural gas processing plant and associated midstream infrastructure in Eddy County, NM to serve growing production in the Permian Basin's Delaware sub-basin. Read More

Encana Enters Permian Basin With $7B Athlon Deal

Encana Corp. on Monday placed another transformative piece into its puzzle to move from the natural gas world into oil, agreeing to pay a total of $7.1 billion for... Read More

ExxonMobil Expands Permian Portfolio in California Swap With Linn

ExxonMobil Corp. has added 17,800 net acres to its Permian Basin portfolio in a swap of some of its California land with Linn Energy LLC. Read More

Permian Spreading Big Money, Low Unemployment Across Region

The empty, windswept plains of West Texas and southeastern New Mexico, where tumbleweeds the size of SUVs roll down the highways and blinding dust storms stretch for miles, belie the growing prosperity of rural, mile-wide communities, with some fast food workers making $20/hour and motel rooms going for $400 a night. Read More

Callon Acquiring Midland Basin Properties for Nearly $213M

Callon Petroleum Co. has agreed to purchase more than 6,000 gross acres of both undeveloped and producing property, spread across four Texas counties in the Midland Basin, from undisclosed private sellers for $212.6 million in cash. Read More

Athlon Charms Again With Midland Basin Magic

About 15 months since its initial public offering, Fort Worth, TX-based Athlon Energy has continued to win praise from analysts who follow the company... Read More

LRR Acquiring Legacy Oklahoma Oil, Gas Properties

LRR Energy LP will acquire producing oil and natural gas assets in Central Oklahoma, in a legacy field in the Permian Basin, from an undisclosed seller for $38 million, the company said Tuesday. Read More

North America's Frack Attack Coming Back

The Denver-Julesburg (DJ) and Permian basins, and the Utica Shale, should lead all onshore plays for horizontal fracturing (fracking) this year as drilling and completion (D&C) activity continues to escalate, according to PacWest Consulting Partners LLC. Read More

Proposed Plains Oil Line Could Hurt Existing Pipe, Rail

A proposal last month by Plains All American Pipeline to build the 200,000 b/d Diamond crude pipeline from Cushing, OK, to Valero's refinery in Memphis (see Shale DailyAug. 22) could spell the end of existing Louisiana-to-Memphis oil shipments by pipeline and rail, according to two analyses of the proposed pipeline. Read More

Parsley Stretching Out in Midland Basin

Parsley Energy Inc. is spending $252 million in multiple deals to acquire undeveloped acreage and producing properties adjacent to its operating areas in Reagan County, TX. Read More