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Permian_Oil_Prod_Rigs-20141023-v2

Oxy Puts More Emphasis on Permian as California Splits Off

October 23, 2014
Richard Nemec
Reporting lower year-over-year 3Q2014 profits tied to lower oil prices and higher costs, Occidental Petroleum Corp. senior executives expressed bullishness Thursday... Read More

ExxonMobil Expands Permian Portfolio in California Swap With Linn

September 19, 2014
Carolyn Davis
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

September 5, 2014
Carolyn Davis
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
permian-crude-oil-production-20140801

Permian Push Lifts ExxonMobil, Chevron

August 1, 2014
Carolyn Davis
ExxonMobil Corp. may have the largest natural gas portfolio in North America with Chevron Corp. not too far behind, but the biggest U.S.-based operators today... Read More
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Baker Hughes: Well, Rig Counts Both Increased in 2Q2014

July 11, 2014
Charlie Passut
The well count and rig count in the U.S. onshore both increased slightly during the second quarter of 2014. The former was boosted by strong gains in the Permian Basin, Marcellus Shale and Granite Wash formation, while the latter reflected a slight improvement in drilling efficiencies, Baker Hughes Inc. (BHI) said Friday. Read More
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More Than Ever, Permian Drillbits Going Sideways

May 15, 2014
Joe Fisher
Over the last five months, the number of horizontal drilling rigs targeting oil in the Permian Basin of West Texas and southeastern New Mexico has climbed... Read More

Atlas Adding Permian Processing, Expanding Pioneer Contract

April 24, 2014
Joe Fisher
Atlas Pipeline Partners LP and Pioneer Natural Resources have expanded an existing gas processing agreement that will lead to the construction of 200 MMcf/d of additional cryogenic capacity to serve production from the Permian Basin in West Texas. Read More
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Oxy Splits E&P Business, Sells Midcon NatGas Field

February 14, 2014
Carolyn Davis
Occidental Petroleum Corp., headquartered in Los Angeles since 1920, is relocating to Houston and spinning off its California exploration and production (E&P) unit... Read More

Fee-Based Deal Underpins New Crosstex Permian Pipe

February 7, 2014
Joe Fisher
Crosstex Energy LP has struck a long-term, fee-based agreement with "a major oil and gas producer" in the Permian Basin that supports the expansion of its gas gathering and processing infrastructure, the company said Thursday. Read More

ExxonMobil Grabs More Permian Acreage, Sells Gassy Utica Property

February 3, 2014
Carolyn Davis
ExxonMobil Corp.'s onshore U.S. subsidiary on Monday agreed to buy oily land in the Permian Basin of Texas and sell natural gas-weighted Utica Shale property in Ohio. Read More

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