The oil and gas industry is in sad shape, and unless executives begin overhauling their business plans and expectations soon, investors will lose more money, and workers will lose more jobs. Five years after OPEC allowed crude prices to tank, some U.S. executives and analysts […]
Category: News
Updates on the oil and gas industry for the Permian Shale
Oil Majors Go Bargain Hunting In The Permian
When Occidental and Chevron started the bidding war to buy Anadarko this spring, analysts predicted that it was the beginning of a wave of consolidation in the largest U.S. shale basin, the Permian. The true consolidation has yet to come, but since this spring, conditions have […]
The Permian Oil Boom Is Showing Signs of Overheating
Shortages of sand, pipelines, and manpower could jeopardize America’s future as an energy superpower At 10:30 p.m. on an 85F August night in Penwell, in West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in the forecourt of an abandoned […]
Historic horizontal well in Permian Basin completed
Drilling of the longest horizontal oil and gas well in the history of the Permian Basin has been completed as booming oil production in the region continues to center around shale in southeast New Mexico and West Texas. The Fort Worth, Texas-based Basic Energy Services […]
Permian Region Drilling Productivity Report
August 2019: drilling data through July projected production through September Monthly additions from one average rig are up 84 barrels/day month over month and up 182 thousand cubic feet/day month over month. READ MORE HERE