midland – Oil & Gas 360

ConocoPhillips deal marks investment firm’s continued push into Texas’ Midland basin

May 5, 2025

(World Oil) – Rising Phoenix Capital, an investment firm specializing in oil and gas mineral royalty acquisitions, have announced a strategic purchase of mineral interests in Ector and Midland Counties, TX, operated by ConocoPhillips. This purchase strengthens the firm’s growing position in the core of the Midland basin, widely regarded as one of the most prolific energy-producing regions in the United

Ecopetrol, OXY to drill 34 wells in Permian under development plan extension

February 3, 2025

(World Oil) – Ecopetrol S.A. announced that its U.S. subsidiary, Ecopetrol Permian, has reached an agreement with Occidental Petroleum (OXY) to extend its development plan of Rodeo Midland Basin LLC under the joint-venture first established in July 2019. his agreement, reached by the companies, includes a drilling plan for 34 wells between April 2025 and June 2026, in addition to

Another world first in the Permian, natural gas to gasoline

July 26, 2024

Oil and Gas 360 Finding another way to avoid the waste and lost revenue from stranded gas in a pipeline-constrained portion of the Permian Basin could have global applications, according to two business partners in Texas interviewed in the June-July Oil and Gas Journal. Boosted by a $20 million investment by Midland-based partner and producer Diamondback Energy, Houston-based Verde Clean

US crude dominates Dated Brent benchmark as shale exports boom

June 12, 2024

Reuters U.S. crude has dominated global benchmark oil pricing in the year since booming shale exports joined the mix of European crude used to calculate how much a barrel of the world’s most traded commodity costs. The shale revolution of the past 15 years has made the U.S. the world’s top oil producer and also transformed the country from a

Platts says adding Midland to Brent has gone well, no need for more

February 26, 2024

Yahoo Finance LONDON – Commodities pricing agency Platts said on Monday its addition of U.S. WTI Midland crude into the global Brent oil benchmark has gone well, and it won’t be necessary to add any further crudes for the time being. Platts, part of S&P Global Commodity Insights, added Midland to its dated Brent price assessment in May 2023, bolstering

Texas oil and gas regulators deploy inspectors in response to 5.4-magnitude earthquake near Midland

December 19, 2022

World Oil AUSTIN – The Railroad Commission activated personnel on the evening of Dec. 16 in response to a 5.4 magnitude earthquake about a dozen miles north of Midland in Martin County. They will take any necessary actions to protect public safety and the environment. On Dec. 17, RRC inspectors examined disposal activity at injection well sites near the

Enterprise’s Midland-to-ECHO oil pipeline system expansions to add 450,000 bpd each

October 28, 2019

Source: Reuters NEW YORK (Reuters) – Enterprise Products Partners LP said on Monday it expects its Midland-to-ECHO 3 and 4 Permian crude pipeline system expansions will add about 450,000 barrels per day (bpd) each of additional capacity. Midland-to-ECHO 4 is further expandable up to 540,000 bpd, Jim Teague, chief executive of Enterprise’s general partner, said on its quarterly earnings call.

Anticipating More Wyoming Crude: Saddlehorn Pipeline Capacity to Expand by 50% - Oil & Gas 360

Plains Says its Midland Crude Terminal Trades Should be Kept in Key Price Assessment

August 28, 2019

From Reuters Plains All American Pipeline LP said trades at its own Midland crude terminal should be included in a key price assessment, responding to a proposal by Argus Media to remove it: * Plains’ 670,000 barrel-per-day (bpd) Cactus II pipeline began commercial deliveries earlier this month, sending WTI Midland prices at Plains’ terminal as much as 50 cents per

President and CEO of Panhandle Oil and Gas Resigns

August 27, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has announced that Paul F Blanchard Jr., the company’s president, chief operating officer and a member of its board of directors,

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

August 21, 2019

From Reuters In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow. School officials had expected enrollment to fall after the last oil price crash, starting in 2014, but it kept rising – one sign of

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

August 20, 2019

From Reuters Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an unusual move that could lift U.S. benchmark prices by draining supplies. Reversing the flow on a portion of Lotus’s Centurion

Lonestar Announces Results for Horned Frog Wells - Oil & Gas 360

Energy Bankruptcies Back on the Rise in 2019

August 15, 2019

From The Houston Chronicle After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019. The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from 2018, and the aggregate debt from 2019 bankruptcy filings of almost $20 billion has already surpassed the roughly $17 billion from a

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