Permian Basin dominates another rig count jump
West Texas' Permian Basin single-handedly accounted for another jump in the number of rigs actively drilling for petroleum in the U.S.
Permian Basin
Riverstone completes sale of Permian Basin business
Riverstone Holdings said today that it had completed the sale of Three Rivers III, an Austin-based oil and gas company focused on the Permian Basin.
Texas-sized gas conundrum emerges in America’s busiest oil field
A pipeline shortage that’s leaving gas trapped in West Texas’ Permian Basin means prices for the fuel there are the lowest of any major U.S. hub, wresting that distinction from Appalachia’s Marcellus Shale. Prices for Permian gas, produced alongside oil in the play, have tumbled 30 percent from a year ago, while output rose to a record.
Nostra Terra makes third Permian Basin acquisition
Norstra Terra today confirmed it has made its third acquisition in the the Permian Basin.
ExxonMobil adds 22,000 acres to Permian Basin portfolio
Oil and gas operator adds ‘stacked oil pay zones’ in the Delaware and Midland Basin areas to its growing acreage within the Permian base.
In world’s hottest oil patch, jitters mount that a bust is near
Steve Pruett has seen more than his share of booms in three decades in the oil business. None, though, as strange as the one gripping the Permian Basin right now.
US Silica approves construction of Permian sand plant
US Silica’s board of directors has approved the construction of a new frac sand mine and plant in the Permian Basis in West Texas.
Wood Group ‘well positioned’ for Permian play
The boss of Wood Group claims the oil and gas service giant is "well positioned" for the Permian play.
Torchlight Energy Resources sell $1mn in shares for Hazel Prospect plans
Torchlight Energy Resources said it has sold $1million in shares of convertible preferred stock to a group of investors led by a trio of companies.
Nostra Terra misses deadline Permian Basin acquisition
Nostra Terra Oil & Gas has lost the exclusive right to acquire an interest in producing assets in New Mexico's Permian Basin after failing to meet a payment deadline.
Nostra Terra gets extension to complete Permian Basin acquisition
Nostra Terra Oil and Gas has been granted a further extension to the deadline of its proposed acquisition of a 60% interest in producing assets at the Permian Basin in New Mexico from Alamo Resources.
Nostra Terra granted more time in Alamo takeover, after issuing extra shares
Nostra Terra has secured more time to close its deal with Alamo Resources.
Caza Oil and Gas announces plans to de-list
Caza Oil and Gas has announced plans to go private and delist from the stock market.
String of local governments face Moody’s downground
A string of local governments in West Texas face a Moody’s downground as low sub-$50 oil leaves the region in a vulnerable tax position.
Nostra Terra increases stake in Permian basin
Nostra Terra has snapped up more oil and gas acquisition onshore USA, in the Permian basin in a $3million deal
Snowstorm hits crude output in Permian Basin
A snowstorm has hit parts of the Permian Basin in West Texas and New Mexico, affecting some crude output. The weather has also left some roads dangerous for trucks heading to and from oil wells.
Encana posts loss and completes sale of US natural gas assets
Canadian oil and natural gas producer Encana has reported a quarterly loss but reported an increase in oil production and said it is speeding up spending in the Permian basin in Texas.
Patriot Energy launches new Texas drilling prospect
Patriot Energy is to drill the first of seven wells in the eastern shelf of the upper Permian Basin in Kent County, Texas.
WPX Energy snaps up RKI Exploration in a $2.35billion takeover
WPX Energy has bought over RKI Exploration & Production in a $2.35billion deal. The move by the oil and gas explorer, which is a spin off from Williams Cos, comes just a day after Marathon Petroleum Corp agreed to takeover MarkWest Energy. WPX has been looking at its options in a bid to increase its profit over the next five years as well as increasing its oil output considerably.