The owner and president of a Midland, Texas-based oil company shared insight during a presentation on the Permian Basin’s journey from conventional to unconventional.
E&Ps established viable economics for Powder River tight sand plays during the past half-decade. In 2019, they plan to do the same for source-rock Niobrara and Mowry shales.
With second quarter results hitting the wires, a few key items are weighing on shalers: layoffs, reductions in capital spending and less than exciting well results.
With more big pipeline projects set to come online later this year and into 2021, the latest Drillinginfo report presents a rosier outlook for long-haul takeaway capacity.
Two new pipelines transporting crude from the Permian Basin of West Texas and New Mexico to the coast have reduced flows from West Texas to Cushing, traders and analysts said.
A Powder River Basin discovery by Chesapeake, LLOG files Gulf of Mexico plan and a triple-lateral horizontal completion in South Texas top this week’s drilling activity highlights from around the world.
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Concurrent with the Sabalo acquisition, EIV Capital and multiple co-investors “substantially increased” their equity commitment for H2O Midstream to pursue additional growth in the Permian Basin.
Australia's No. 2 independent gas producer Santos Ltd on Thursday posted a 89% jump in half-year profit, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.