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permian basin booms feat
Some major relief for Permian producers. - EPIC Midstream Holdings announced on August 16 that it has begun shipping Permian Basin crude on its 400,000 barrel per day (bpd) oil pipeline to the Texas Gulf Coast. The pipeline's end-point is at the Moda Midstream export terminal at Ingleside, Texas, which lies across Corpus Christi Bay from...
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Denver/Julesberg (DJ) Basin - Colorado Production levels of both oil and gas in this key shale basin are also setting records in recent months. Bernadette Johnson, Vice President for Market Intelligence at DrillingInfo told an audience in Littleton, Colorado in June: “Since December, we have seen oil grow by...
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Oil and natural gas produced from the shale plays around the Lone Star State provide huge revenues to the local and state governments, and those revenues ultimately benefit every citizen in the state.
SCOOP/STACK Play – Oklahoma Citizen Energy Operating, LLC announced that it has entered into a merger agreement with Roan Resources, Inc. in an all-cash transaction valued at $1 billion, including Roan's debt. Roan stockholders will receive $1.52 in cash for each share of Roan common stock in the deal. Roan...
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Bakken Shale – North Dakota/Montana The Bakken is another shale play that is currently experiencing a boost in capital being reallocated out of the Permian Basin. A new report from Bank of America Merrill Lynch finds that year-to-date drilling activity for the Bakken is 20 percent higher than in the...
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I got a little irritated Thursday evening when a writer at the National Review Online claimed that the "feds" had "discovered" the largest oil and gas reserve in history, and responded on Twitter as follows: https://twitter.com/GDBlackmon/status/1070812216482500614 I mean, c'mon, how hard is this to understand? The federal government had literally nothing to...
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. Bakken Shale – North Dakota/Montana Citing strong success in their 2018 drilling and production efforts, both Marathon and Hess announced in December that they plan to expand their positions and activities in the region during 2019. Hess said it would...
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Bakken Shale - North Dakota/Montana Due to ongoing booming production from the nation’s second-largest oil producing basin, Energy Transfer announced it was expanding the capacity in its Dakota Access Pipeline system to 570,000 bpd. The company said it had moved more than 500,000 bpd during the fourth quarter of...
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Bakken Shale – North Dakota/Montana Houston-based pipeline operator Targa Resources closed a deal in early April to sell a minority stake in its Bakken-region pipeline operations to New York-based GSO Capital Partners and Blackstone Tactical Opportunities. The purchasers obtained a 45 percent stake in Targa Badlands LLC for $1.6...
Chesapeake Energy announced on Sunday that it would seek protection under Chapter 11 of the bankruptcy code. It recently skipped a $15 million debt payment.
Good news for Permian Basin producers came on Thursday as Milestone Environmental Services announced it has begun construction on a RCRA-exempt oilfield waste disposal site in Reeves County in West Texas. Here is the text of the company's press release: HOUSTON & MIDLAND, Texas – May 29, 2019 – Milestone...
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