Permian Basin

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

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