Oil output in the Permian Basin is projected to hit a record and DUCs, have sunk to the lowest volume since 2014
The 2021 United Nations Climate Change Conference in Glasgow, Scotland recap.
Increased financing and strong oil demand has increased Permian drilling – get detailed drilling report
Just hours after China revealed yet another high in producer price inflation, Beijing has taken the unprecedented step of releasing oil from its national crude reserve to “alleviate raw material price pressures.”
Occidental uses EOR processes such as carbon dioxide (CO2) flooding to significantly extend the economic life of producing fields
Devon for now is focused on producing better and less carbon-intensive barrels, particularly from the Permian Delaware
The Midland Basin is in the eastern Permian Basin and is within Texas’s borders. During the last decade, hydrocarbon exploration and production in the Midland Basin were driven by development of the organic-rich, lower permeability units within the Wolfcamp and Spraberry formations.
Vitol’s US upstream company Vencer Energy has signed an agreement to acquire Hunt Oil Company’s assets in Midland Basin. The assets considered for acquisition include 44,000 acres across five counties in the Midland Basin.
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, today announces the final investment decision (FID) for Whale, a deep-water development in the U.S. Gulf of Mexico that features a 99% replicated hull and an 80% replication of the topsides from our Vito project.
PricewaterhouseCoopers (PwC) and based on the latest government data available, shows that New Mexico’s oil and natural gas industry added $18.8 billion to the state’s gross domestic product in 2019.