Post Tagged with: "Permian"

Double Eagle III - Areas of Interest

Double Eagle III’s Wingspan Covers $1 Billion

Double Eagle Energy Holdings III announced that inclusive of a recent capital raise, the company has secured equity commitments of more than $1 billion. The equity commitments are anchored through funds managed by affiliates of Apollo Global Management, LLC (ticker: …

Warburg Pincus Earmarks $300 Million for New Permian E&P

Warburg Pincus Earmarks $300 Million for New Permian E&P

Ridge Runner Resources, LLC is a new E&P focused on the Delaware Basin

The new company has received a line of equity financing of up to $300 million from funds affiliated with Warburg Pincus. The company will be led by …

Permian Seen Second to Saudis for Spare Oil-Output Capacity

Permian Seen Second to Saudis for Spare Oil-Output Capacity

From Bloomberg

Permian could boost crude output in days: Aramco’s former reservoir management chief

The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according …

February 5, 2018 - 12:16 pm Closing Bell Story‎, Commodity Pricing, Energy News, OPEC
Lilis Energy to Present at EnerCom Dallas 2018

Lilis Energy to Present at EnerCom Dallas 2018

Lilis Energy (ticker: LLEX) is a pure play Permian operator with over 16,200 net acres in the Delaware Basin, and over 900 net identified future drilling locations. Lilis Energy is headquartered in San Antonio, Texas.

In the first quarter of …

Laredo Petroleum 2017 Production Hits 21.3 Million Barrels

Laredo Petroleum 2017 Production Hits 21.3 Million Barrels

Laredo Petroleum, Inc. (ticker: LPI) released several new reports today, including estimated annual production, year-end reserve estimates and the company’s projected 2018 CapEx.

Year-end 2017 reserves and operating results highlights

  • 17% increase in production in 2017 to a company record
Texas Economic Activity, Oilfield Hiring Up: Dallas Federal Reserve

Texas Economic Activity, Oilfield Hiring Up: Dallas Federal Reserve

Activity in the Eleventh Federal Reserve District’s energy sector gained momentum in the fourth quarter of 2017, according to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of business conditions—climbed over 10 points to 38.1, with …

Permian Bottleneck Looms

Permian Bottleneck Looms

From Argus Media

Growing crude production out of the Permian basin in Texas and New Mexico will create a bottleneck in the coming years as pipeline capacity will be maxed out, according to midstream companies at the Argus Americas Crude …

January 19, 2018 - 11:55 am Closing Bell Story‎, Midstream
NuStar Energy Permian System Expansion

NuStar Energy Expanding Permian Takeaway by 70,000 BPD

NuStar Energy L.P. (ticker: NS) has started its binding open season involving a second capacity expansion of its Permian crude system. The Permian Crude System Expansion No. Two will expand upon the system’s current capacity. Certain destinations along the company’s …

January 10, 2018 - 3:29 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Source: Ring Energy

Ring Energy Releases Permian Update

Ring Energy, Inc. (ticker: REI) released its operations update for the fourth quarter of 2017.

In the three months ended December 31, 2017, on its central basin platform asset (CBP), Ring drilled 19 new horizontal San Andres wells and was …

Lilis Energy Announces Tiger #1H IP in the Wolfcamp

Lilis Energy Announces Tiger #1H IP in the Wolfcamp

Tiger #1H reached 1,803 BOEPD, 72% liquids on 4,108 foot lateral

Lilis Energy, Inc. (ticker: LLEX) said that its Tiger #1H well has reached a 24-hour initial production rate of 1,803 BOEPD on a three-stream basis, at 439 BOEPD per …

Encana Will Point CapEx toward Permian and Montney in 2018

Encana Will Point CapEx toward Permian and Montney in 2018

Encana plans to invest virtually all its anticipated 2018 capital in its core assets, with around 70% directed to the Permian and Montney

Encana Corp. (ticker: ECA) anticipates between 25% to 35% production growth from its core assets from the …

Permian Basin Production Breaks 44-Year Record: IHS

Permian Basin Production Breaks 44-Year Record: IHS

Permian production will push U.S. to new record liquids production by end of 2018 – IHS Markit

IHS Markit released a new report today. IHS Markit said that the Permian Basin reached a new 2017 oil-production record of 815 million …

December 27, 2017 - 6:03 pm Closing Bell Story‎, Energy News, Oil and Gas 360 Articles
U.S. Rig Count Climbs by 1 to 931

U.S. Rig Count Climbs by 1 to 931

U.S. rig count is up by one from last week, to 931, according to Baker Hughes’ latest rig count data.

One land rig was added. Overall, the change from last year has been a positive gain of 278 rigs from …

December 27, 2017 - 5:31 pm Closing Bell Story‎, Oil and Gas 360 Articles
Tellurian Will Add 3 Louisiana Pipelines, Nets $95 Million from Stock Offering

Tellurian Will Add 3 Louisiana Pipelines, Nets $95 Million from Stock Offering

Goal is to debottleneck the existing pipeline infrastructure in Southwest Louisiana: TELL

Tellurian Inc. (ticker: TELL) expects to develop and expand its pipeline network by adding two pipelines to the previously announced Driftwood Pipeline (DWPL).

The two additional pipelines will …

December 19, 2017 - 2:23 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
West Texas Landowners: Is Permian Fracing Volume Straining Groundwater Supply?

West Texas Landowners: Is Permian Fracing Volume Straining Groundwater Supply?

From The Texas Observer

Charles Phillips was in his pasture one day last year when he heard the sound. At 85, Phillips doesn’t hear as well as he used to, but he had no problem picking up the unmistakable squeal …

December 11, 2017 - 7:41 am Closing Bell Story‎, Energy News, Fracing
WPX Energy Adds Upside in the Permian  

WPX Energy Adds Upside in the Permian  

An exclusive Oil & Gas 360® interview with WPX Energy VP of Midstream and Marketing Greg Horne, as WPX and Howard Energy Partners step on the accelerator

In the early days of summer, WPX Energy (ticker: WPX) and privately held …

The Crucial Importance of Water Handling in Oilfield Operations – An Oil & Gas 360® Special Report

The Crucial Importance of Water Handling in Oilfield Operations – An Oil & Gas 360® Special Report

Water is not a traded commodity in the U.S., like iron ore, copper or coal, but it has become a critical factor to the companies that produce oil and gas from North America’s shale basins 

One of the biggest environmental …

Cimarex Energy: Net Income of $91.4 Million for Q3 2017

Cimarex Energy: Net Income of $91.4 Million for Q3 2017

We’re going to continue to push that envelope for as long as we’re in business – Tom Jorden

Cimarex Energy Co. (ticker: XEC) reported third quarter 2017 net income of $91.4 million, or $0.96 per share, compared to a net …

Resolute Energy Corporation (REN) Q3: a Delaware Basin Pure Play–Officially

Resolute Energy Corporation (REN) Q3: a Delaware Basin Pure Play–Officially

Resolute Energy (ticker: REN) announced Q3 today.

Resolute Energy Q3 financial highlights

  • Closed the sale of Aneth Field assets to Elk Petroleum for up to $195 million
  • Net loss available to common shareholders was $14.6 million or ($0.71) per diluted
Murphy Oil Corporation Enters the Permain, Gulf of Mexico, and Explores Offshore Brazil

Murphy Oil Corporation Enters the Permain, Gulf of Mexico, and Explores Offshore Brazil

On November 1, 2017 Murphy Oil Corporation (Ticker: MUR) announced its entry into the Permian basin along with its financial and operating results for third quarter of 2017, included a net loss of $66 million, or $0.38 per diluted share.…

Show Me Your Full-Cycle Metrics for the Delaware Basin

Show Me Your Full-Cycle Metrics for the Delaware Basin

Permian oil producers continue to tout enviable half-cycle metrics, but what does the complete picture show?

The mad dash of capital into the Permian’s Delaware sub-basin over the last two years has been awe-inspiring considering the backdrop of oil prices …

Liberty Oilfield Services Increases Flexibility with Debt Deal

Liberty Oilfield Services Increases Flexibility with Debt Deal

Liberty Oilfield Services announces closing of $175 million term loan and $250 million revolving credit facility

Denver-based oilfield services company Liberty Oilfield Services announced Tuesday that the company closed a debt deal. The company entered two new debt facilities consisting …

Carrizo Oil & Gas Discusses Operations After Harvey, Updates Hedging

Carrizo Oil & Gas Discusses Operations After Harvey, Updates Hedging

Eagle Ford and Permian producer Carrizo Oil & Gas, Inc. (ticker: CRZO) reiterated that its operations in the Eagle Ford shale sustained no damage as a result of Hurricane Harvey, and drilling and completion operations returned to normal within a …

Oil & Gas 360 Energy News

Western Delaware Basin: Greenfield Gas Processing Project Coming Just in Time

Delaware more gassy than first thought: Producers Midstream’s new gas processing capacity, targeting operations in Q1 2018, will be able to process up to 260 MMcf/day of production

Privately held Producers Midstream, LP (PMLP) announced plans to install a new …

New 650-Mile NGL Pipeline from Permian Basin to Corpus Christi: EPIC Pipeline Secures Capacity Agreement with BP Energy, Locks Capital Commitment

New 650-Mile NGL Pipeline from Permian Basin to Corpus Christi: EPIC Pipeline Secures Capacity Agreement with BP Energy, Locks Capital Commitment

220,000 BPD pipe: targeting early 2018 for initial phase in-service date

EPIC Y Grade Pipeline, LP, a subsidiary of EPIC Y Grade Services, LP and EPIC Midstream Holdings, LP, has signed a definitive agreement with BP Energy Company to anchor …

September 29, 2017 - 12:31 pm Closing Bell Story‎, Midstream, MLP News, Oil and Gas 360 Articles
Apache: Building Up the Delaware

Apache: Building Up the Delaware

Apache Corp. (ticker: APA) announced its second quarter results and operational updates August 3rd, and reported an average production of 388,000 BOEPD. The company earned $572 million during Q2.

Apache’s North American production totaled 244,000 BOEPD—where it averaged …

With Big Players Come Big Rig Counts: XOM, COP, CVX Report Q2

With Big Players Come Big Rig Counts: XOM, COP, CVX Report Q2

In the past two days ExxonMobil Corporation (ticker: XOM), Chevron Corporation (ticker: CVX), and ConocoPhillips (ticker: COP) all reported second quarter earnings and gave operational updates.

ExxonMobil

ExxonMobil earned $3.4 billion in Q2, which brought the company’s earnings for the …

QEP Resources Adds $732 Million of New Permian Acreage

QEP Resources Adds $732 Million of New Permian Acreage

EnerCom conference presenter QEP adds 730 potential Hz drilling locations in the new acreage

QEP Resources (ticker: QEP) followed its southwestern Wyoming Pinedale anticline divestiture with an acquisition of more acreage in the Permian.

QEP said its subsidiary company, QEP …

Core Lab and Fracture ID Launch Consortium to Study the Wolfcamp

Core Lab and Fracture ID Launch Consortium to Study the Wolfcamp

Core Lab (ticker: CLB) and Fracture ID, two companies coming to EnerCom’s The Oil and Gas Conference® in August, have worked together to launch the Horizontal Reservoir Characterization Consortium—Midland Basin. The idea is to evaluate geologic heterogeneity within the entire …

Encana Q2: 25% Sequential Margin Growth from Q1

Encana Q2: 25% Sequential Margin Growth from Q1

Encana Corp. (ticker: ECA) is one of the first E&Ps to report it second quarter results. ECA announced a growth of 25% in its margin from the first to the second quarter of 2017.

Douglas Suttles, President and CEO of …