Permian Basin

Permian Basin
Permian Overview: What a difference higher crude oil prices can make. One of NGI’s analysts remembers an early 1999 business trip he took to the oil focused Permian Basin. Read More

Permian Counties: TX: Andrews, Borden, Cochran, Coke, Concho Read More

Permian Pipelines (natural gas): Atmos, El Paso, Energy Transfer, Enterprise Texas Pipeline, KM Texas, NGPL, Northern Natural, Oneok Westex Transmission, Transwestern, Waha Hub Read More

Permian Net Acreage Table: A table detailing the net acreage owned by various companies in the Permian basin. View Table

ARTICLES

Texas Operator Says Oil Price Slump Could Impact Future Drilling Plans

Clayton Williams Energy Inc. (CWEI) is tweaking its Eagle Ford Shale fracking operations and experimenting with downspacing. In the Delaware Basin, three of its recent wells ran into trouble, and the Midland, TX-based independent said it is monitoring the pullback in oil prices as it considers plans for next year. Read More

Rocky E&P Quarterlies Forecast on Oil Price Declines

Talk about domestic natural gas oversupply may not be the big story when the domestic exploration and production (E&P) sector unveils quarterly earnings reports over the next few weeks. Instead, conversations may center around the impact lower crude oil prices had on the third quarter, and what impact lower prices may have on drilling plans into 2015, energy analysts said this week. Read More

Eagle Materials Nearly Doubles Frack Sand Capacity on CRS Acquisition

Dallas-based Eagle Materials Inc. has agreed to pay $225 million to buy hydraulic fracturing (fracking) sand producer CRS Proppants LLC to expand market share in the Permian Basin, Eagle Ford Shale and Midcontinent, as well as nearly double its sand capacity and reserves. Read More

Big Seven Plays to Produce 43.28 Bcf/d in November, EIA Says

Production from the seven most prolific U.S. shale and tight oil regions in November is expected to reach 43.28 Bcf/d of natural gas (up 1.4% from October ) and 5.14 million b/d of crude oil... Read More

Gulfport’s 3Q Production Exceeds Guidance

Gulfport Energy Corp. surprised some financial analysts on Wednesday when it announced that third quarter production finished 6% ahead of guidance, setting the stage for a strong year-end finish, as volumes continued trending higher through the first two weeks of October. Read More

Atlas Resource Readies Standalone E&P Following Targa-Atlas Energy $7.7B Combo

Atlas Resource Partners LP (ARP) executives plan to put a herculean effort toward demonstrating the value of the exploration and production (E&P) assets as it prepares to spin off from its parent following a merger agreement with Targa Resources Corp. Read More

Genscape Predicts Large Growth in Permian NGL Production

The production of natural gas liquids (NGL) in the Permian Basin will take off over the next several years as producers shift focus to liquids-rich shale plays and midstream companies follow their lead and build the necessary infrastructure to process and transport the liquids, according to an executive with Genscape Inc. Read More

Permian Basin Carries 3Q Energy M&A Dealmaking

The third quarter proved to be a quiet period for global oil and gas merger and acquisition transactions compared to the previous three months of this year, but 2014 continues on track for stronger spending than in 2013 on the strength of U.S. dealmaking, specifically because of the Permian Basin. Read More

Robust Upstream Drives Texas Industry Employment to New Record

Strong drilling, production and permitting activity drove the Texas Petro Index (TPI) to another record in September, with oil and gas industry employment hitting its highest level since the index was founded in 1995. Read More

Linn Energy Sells Texas Assets for $2.3B

Linn Energy LLC struck two deals to sell assets in Texas for gross proceeds of $2.3 billion, which will be used to pay for a recent acquisition... Read More

CHARTS & GRAPHS

Permian Basin Gallery

A gallery of all of the images related to the Permian basin.