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

EIA Says NatGas Reserves Up 10%; North Dakota Passes GOM in Crude

U.S. natural gas proved reserves increased nearly 10% and reached a record 354 Tcf in 2013, according to the U.S. Energy Information Administration (EIA). Meanwhile, North Dakota's crude oil and lease condensate proved reserves surpassed those of the federal Gulf of Mexico (GOM), ranking it second only to Texas among U.S. states. Read More

Oneok Buys NGL Pipes For $800M, Raises Financial Guidance For 2015

Oneok Partners LP has completed its acquisition of natural gas liquids (NGL) pipelines and associated assets in the Permian Basin from unnamed affiliates of Chevron Corp. for about $800 million. Read More

American Energy Snaps Up More Permian Acreage

The Permian Basin affiliate of American Energy Partners LP (AELP) said Monday it is paying $440 million for 14,000 net acres in Reagan County, TX, which are producing 1,400 boe/d. Read More

Encana Hits 2017 Targets in 3Q, Cushioned for Volatile Prices, Says CEO

Encana Corp.'s strategic decision last year to balance its weighty natural gas portfolio with more liquids-rich assets propelled profits... Read More

Domestic NatGas, Oil Production to End 2014 on Steady Upswing, EIA Says

Production of natural gas and oil from the seven most prolific U.S. shale and tight oil regions will continue to increase through the end of the year... Read More

Texas Oilfields Push Devon Production Forecast 3% Higher

Devon Energy Corp. expects to achieve 14% more production this year than it did in 2013, a 3% higher forecast from a few months ago, after surpassing expectations from Texas oilfields during the third quarter. Read More

SandRidge Delays Quarterly Results Pending SEC Review

SandRidge Energy Inc. said Tuesday it will delay filing its 3Q2014 report until it has resolved a "routine review" by the U.S. Securities and Exchange Commission (SEC), which could result in restating almost two years of earnings results. Read More

Chevron's Permian Production Increasing Faster Than Forecast

Chevron Corp.'s Permian Basin, and specifically the Midland and Delaware play, helped increase North American shale and tight resources production year/year by 23,000 b/d in the third quarter. Read More

ExxonMobil's Bakken, Woodford, Permian Driving U.S. Onshore

ExxonMobil Corp.'s U.S. onshore targets have proven to be a liquids-rich generator, and the company is continuing to prowl for attractive acquisitions, particularly in the Permian Basin, a top executive said Friday. Read More

Enterprise Bakken-to-Cushing Project Facing Cheap Oil Headwinds

Lower prices for crude oil aren't doing any favors for Enterprise Products Partners LP's proposed crude pipeline from North Dakota to the Cushing, OK, hub, executives admitted Thursday. But U.S. producers have staying power even at lower oil prices because the country "...is in the middle of a production revolution," they said. Read More

CHARTS & GRAPHS

Permian Basin Gallery

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