Driven by significant gains in well productivity, advancements in drilling and completion technologies, and the development of critical pipeline infrastructure, the Permian region is expected to play a pivotal role in boosting national output.
On Aug. 19, Reuters reported that APA Corporation is considering selling its oil and gas drilling properties in the Permian basin, for roughly $1 billion. These assets are owned by APA’s subsidiary, Apache.
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Canadian Natural Resources Limited (CNRL) holds a significant portfolio of thermal in situ oil sands assets in Canada, strategically located in the Athabasca and Cold Lake deposits.
Occidental Petroleum has made significant strides in water recycling within their Permian Basin operations. By doubling the volume of water recycled in the Delaware Basin and achieving major milestones such as recycling 50 million barrels at the Midland South Curtis Ranch
As the oil and gas industry continues to seek innovative solutions for managing produced water, aquifer recharge has emerged as a promising and sustainable approach.
The US drilling rig count dropped 2 units to reach 586 rigs working for the week ended Aug. 16, according to Baker Hughes data. The count is down 56 units from the 642 rigs working this time a year ago.
iamondback is exploring opportunities to create local markets, such as the Verde gas-to-gasoline plant, to avoid selling gas at low or negative prices.
Kinetik was approved by the Texas Railroad Commission to build 8.2 mile pipeline in Reeves County, TX (pernit #10633). Kinetik has positioned itself as one of the largest midstream companies in the Delaware Basin, with a significant operational footprint that includes over 4,600 miles of pipeline and management of approximately 1.4 million serviced acres across Texas and New Mexico.
Brazos Midstream Holdings LLC is making significant strides in its expansion efforts within the Permian Basin’s Midland area. The company has recently completed the construction of a new cryogenic gas processing plant and is nearing the finish line on a substantial gas-gathering infrastructure project.
