Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has robust infrastructure and is known for high productivity and large undeveloped reserves.
Natural gas takeaway capacity from the US Gulf Coast region’s prolific Permian Basin increased by 550 MMcf/d with the in-service of an expansion of Kinder Morgan’s Permian Highway Pipeline.
Occidental (NYSE:OXY) announced on Monday it will acquire CrownRock and its significant Permian basin assets in a deal valued at around $12B.
Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin, the top US oilfield, at between US$25bil and US$30bil, according to a source.
One country provides an instructive example. For decades, the US has dedicated billions of dollars in federal government spending — both grants and tax credits — to propel carbon capture ventures at power plants and industrial facilities, but it has little to show for that largesse. Just 14 projects are operating today, with half of them tied to the very cheapest applications — gas processing and ethanol production — according to a database by the non-governmental organization Clean Air Task Force.
Canada Rig Count Report Dec 11, 2023 we are tracking 95 Oil & Gas Operators and 200 drilling rigs that spud wells last 30 days in Alberta, BC and Saskatchewan.
St. Albert is a city located just northwest of Edmonton, Alberta and is close to the emerging Clearwater Formation. It is a geological formation in Western Canada that has gained attention for its potential as an oil and gas reservoir. It is part of the Western Canada Sedimentary Basin (WCSB), one of the largest and most prolific sedimentary basins in the world.
Drayton Valley is a town located in central Alberta, Canada, and it has been historically associated with the oil and gas industry. The region around Drayton Valley is part of the Western Canada Sedimentary Basin, a major hydrocarbon-producing area in North America.
Global expenditures will reach a range of $18.5 billion to $19.5 billion in 2024, up from $17 billion this year, San Ramon, California-based Chevron said Wednesday. The Permian basin will account for the largest portion of that investment at $5 billion.
A federal judge has thrown out a lawsuit filed by the Center for Biological Diversity and WildEarth Guardians against the federal Department of Interior, state of Wyoming, Petroleum Association of Wyoming and others to shut down hundreds of oil and gas drilling permits.
