Permian Basin

Permian Crude Production: A Gusher In 2019

Growth of crude production in the Permian Basin has been very impressive over the past year. Estimated output in September 2018 is 3.421 million …

Oil & Gas Industry

Halliburton: Mr. Market May Have Overreacted

<b>Halliburton</b> (HAL)’s earnings may come under pressure due to the weakness in the Permian Basin. However, it is important to remember that the issues …

Oil & Gas Industry

Hartstreet: Cimarex Has Value As Huge Permian Wells Increase Oil Output

Cimarex (XEC) has seen its share price decrease significantly from its high of $130.16 earlier this year. There are several reasons for the decline …

Oil & Gas Industry

Water used for fracking increases 767 percent in Permian

Image 1of/1<p>Caption<p>Close<p>A new report shows that water use in hydraulic fracturing for oil and gas extraction in West Texas' Permian Basin oil field …

San Francisco Bay Area

Texas gains three rigs while U.S. count stays flat

Image 1of/1<p>Caption<p>Close<p>Texas gained three drilling rigs over the last week while the U.S. rig count stayed flat.<p>The U.S. count remained at 1,057 …

Oil

This Shale Stock Could Be Next Takeover After Massive Permian Deal

<b>Diamondback Energy</b>'s (FANG) $9.2 billion acquisition Tuesday of <b>Energen</b> (EGN) and <b>Concho Resources</b>' (CXO) March buyout of RSP Permian could be the …

Oil & Gas Industry

Fracking Wastewater Spikes 1,440% in Half Decade

By Sharon Kelly<p>Between 2011 and 2016, fracked oil and gas wells in the U.S. pumped out record-breaking amounts of wastewater, which is laced with …

Oil & Gas Industry

Mae West was wrong – too much of a good thing isn’t wonderful | Oil & Gas

August 14, 2018 – <i>By Tim Fitzgibbon</i><p>I wouldn’t recommend looking to movie star Mae West for oil and gas production guidance, drilling tips or price …

Oil

Diamondback Energy: Energen Tie-Up Creates Permian Giant

<b>Diamondback Energy (FANG)</b> has a stock symbol which represents the hottest technology names, but itself is really making a lot of progress to become a …

Business

Big Oil is racing to pump all the oil out of Texas

The gold rush is on in Texas, and Big Oil is scrambling for a piece of the action.<p>The oil industry is shelling out billions of dollars in a series of acquisitions in the Permian Basin, the hottest oilfield in the world.<p>The latest deal came on Tuesday when Diamondback Energy (FANG) agreed to …

Oil & Gas Industry

Carrizo buys Permian land from Devon in $215 million deal

Image 1of/3<p>Caption<p>Close<p>Houston-based Carrizo Oil & Gas said it's growing in the booming Permian Basin by acquiring about 10,000 net acres from …

Oil & Gas Industry

Diamondback Energy acquires Alabama-based Energen

Texas-based Diamondback Energy Inc. is acquiring one of Alabama's largest publicly held companies, the Birmingham-based Energen Corp., in a stock …

Natural Gas

The Productivity Problem In The Permian

The multi-year campaign to boost efficiency and productivity in the U.S. shale patch could be nearing its limits.<p>Output in the Permian basin is …

Oil & Gas Industry

Diamondback to Acquire Energen as Oil Patch Consolidation Continues

All-stock transaction valued at about $8.4 billion<p>Diamondback Energy Inc. will acquire Energen Corp. in a roughly $8.4 billion all-stock transaction, a deal that comes as energy producers face pressure to control rising costs.<p>The acquisition values Energen at $84.95 a share, a 19% premium to the …

Oil & Gas Industry

What Diamondback's acquisition of Energen means

Tuesday's $9.2 billion deal by Diamondback Energy to acquire Energen may be part of a general push in the energy industry toward consolidation, …

Birmingham, AL

A steady increase in the water footprint at US fracking sites

The intensification of the water footprint of hydraulic fracturing<p>Water use for hydraulic fracturing (commonly referred to as "fracking") in the U.S. …

Oil & Gas Industry

Energy Companies Face New Headaches

It has been an especially difficult month for oil & gas operators in Colorado's DJ basin and in the Texas Permian basin. We believe the …

Oil & Gas Industry

Diamondback to Buy Energen in $8.4 Billion Permian Oil Deal

Diamondback Energy Inc. agreed to buy Energen Corp. in an $8.4 billion all-stock deal, the latest in more than $20 billion in acquisitions over the …

Oil & Gas Industry

Diamondback Energy agrees to buy Energen Corp. in $9.2 billion all-stock deal

Diamondback Energy Inc. FANG, +1.43% has agreed to buy Energen Corp. EGN, +2.49% in an all-stock deal valued at about $9.2 billion, including …

Oil & Gas Industry

Diamondback Energy to buy Energen in all-stock deal

Diamondback Energy (NASDAQ:FANG) agrees to acquire Energen (NYSE:EGN) in an all-stock transaction valued at ~$9.2B, including $830M in net debt; EGN …

Proforma

Apache Corporation - Second-Quarter Earnings Results Analysis

(Image Courtesy: Oil&Gas investor - Alpine high)<p>Investment Thesis<p>Apache Corp. (NYSE: APA) is an American petroleum and natural gas exploration and …

Business

China isn't just another natural gas customer

New Mexico prospers on the new and innovative. Oil and natural gas production in shale formations has given us both.<p>Starting about a decade ago, …

Oil & Gas Industry

Steep Backwardation Will Continue To Restrain North American Upstream M&A

Q2'18 M&A Review<p>Second-quarter 2018 deal count for the North America region declined by nearly 40% to the lowest quarterly total in more than two …

Oil & Gas Industry

Frackers Burn Cash to Sustain U.S. Oil Boom

Many U.S. drillers have increased spending, but not production forecasts, pointing to possible slowdown<p>American oil companies—primed to reap the benefits of rising prices after years of wringing more from wells for less—are seeing profits erode in the face of rising costs.<p>Those operational …

Oil & Gas Industry

This Company Is Building Permian Basin Oil Pipelines as Fast as It Can

Plains All American Pipeline, L.P. is working to expedite two much-needed new oil pipelines in the region.<p>Oil companies in the Permian Basin have …

Oil & Gas Industry

Kinder Morgan Inc's Latest Growth Project Just Got a Huge Boost

ExxonMobil has signed on to be a major shipper for the company’s proposed natural gas pipeline out of the Permian.<p><b>Kinder Morgan</b> (NYSE:KMI) appears to …

Kinder Morgan

Texas natgas prices drop as production and pipeline constraints grow

(Reuters) - The natural gas price in the Permian Basin in west Texas has slumped so low this year that the annual average is on track for its lowest in 19 years, pummeled by record production and pipeline constraints that also have stymied crude transport out of the region.<p>Gas production, a …

Oil

U.S. Oil Rigs Reach New High as Drillers Chase Price Surge

U.S. oil producers expanded drilling to a new level for the year, as higher crude prices enticed the industry to pour more money into the Permian …

Oil

ConocoPhillips prepares for more Houston job cuts

Image 1of/1<p>Caption<p>Close<p>Houston oil producer ConocoPhillips said it's preparing for "modest" job cuts in Houston and throughout the United States …

San Francisco Bay Area

Exxon Mobil joins Kinder Morgan on $2B Permian Highway Pipeline

Image 1of/1<p>Caption<p>Close<p>Exxon Mobil is signing on as a major customer on Kinder Morgan's planned, $2 billion Permian Highway Pipeline to carry natural …

Oil & Gas Industry