BPX Energy, the U.S. unit of BP, is beginning to develop holdings in the Delaware Basin the parent company acquired in 2018 from BHP Billiton in a $10.6 billion deal. “The Permian will provide significant growth for us in the next five years,” Will Burton, vice president-midstream operations, told Midland Reporter Telegram. The first step, […]

Bloomberg says Exxon Mobil and Chevron have seen stock prices fall recently, but the two oil majors are focusing spending on Permian Basin “where they can build on growing domination and productivity… Nowhere are the rivals competing more intensely than in the oil-rich lands of west Texas, where companies are producing 4.8 million barrels of […]

Houston-based Altus Midstream completed startup of all three cryogenic natural gas processing trains at Diamond Cryo in Alpine High in southern Reeves County, according to a report last week in Oil & Gas Journal. Altus Midstream owns substantially all gas gathering, processing and transportation assets servicing Apache’s production in Alpine High in Delaware Basin. The […]

Production of crude oil and natural gas continues to grow in Permian Basin and Bakken while it declines in the other five major producing regions in the U.S., according to the drilling productivity report Jan. 21 from U.S. Department of Energy. Oil production in Permian is forecast to grow by 45,000 barrels per day in […]

Permian Basin added 2 rigs in the past week, according to Baker Hughes, but Texas and U.S. declined in the Jan. 24 report. Permian Basin was up 2 to 405, but down 79 in the past year. Texas had 397 active oil and gas drilling rigs (401 previous week, 517 previous year), and U.S. had […]

A report from Texas Independent Producers and Royalty Owners Association says Permian Basin employed 87,603 people in the oil and gas industry in 2019 – an increase of about 3,200 new jobs compared to 2018 in the basin’s 63 counties in west Texas and eastern New Mexico. TIPRO said employment grew by 42,833 people in […]

Landowners along the proposed 626-mile path of Permian Global access pipeline in Texas and Louisiana began receiving letters last month from Tellurian. The project is being designed to transmit 2 billion cubic feet per day of natural gas from west Texas to Lake Charles, La., by late 2023 or early 2024. It was proposed in […]

Austin-based Parsley Energy completed its acquisition of Jagged Peak Energy of Denver and filed 12 drilling permits with the Railroad Commission of Texas. Parsley announced closing of the sale Jan. 10, and Jan. 21 Houston Chronicle reported the 12 permits – 8 horizontal wells in the Phantom field of Wolfcamp on leases in Reeves and […]

Houston-based Natural Gas Pipeline Co. of America received permission Jan. 22 from the U.S. Federal Energy Regulatory Commission to begin building its Lockridge extension pipeline project (capacity 500,000 MMcfd) in Pecos, Reeves and Ward counties. The extension project will connect the company’s system to the Waha hub in Pecos County. The 16.8-mile pipeline (30 inches) […]

Exxon Mobil was the top driller in Texas after filing for 659 drilling permits in 2019, Houston Chronicle reported this week, and “early in the new year, the permit filings show Exxon Mobil plans to keep that title.” The company’s shale unit, XTO Energy, filed for 15 drilling permits to develop 15 horizontal wells in […]