Permian Basin

DJ Basin player enters the Permian Basin with a pair of asset purchases from private-equity vehicles.

A concurrent deal to sell off some of the acquired assets to Northern Oil and Gas will effectively lower the acquisition cost to $1 billion.

A slate of new pipeline projects are expected to help relieve the oil-rich region's associated gas bottleneck.

The first long-haul overland conveyor system to deliver proppant is under construction in the Permian Basin.

The Permian Basin was the site of a recent visit by a Reverse Trade Mission on Advanced Technologies for Methane Abatement sponsored by the US Trade and Development Agency. Chevron hosted the delegation at both its Midland and Houston locations.

This paper describes efforts at the Hydraulic Fracturing Test Site 2 to collect a research data set to improve understating of spatial and temporal hydraulic fracture dimensions, proppant distribution, and reservoir depletion.

The deal is expected to add over $1 billion in annual free cash flow to Chevron’s bottom line.

The $540 million joint acquisition is expected to close in June.

Matador Production Company has agreed to pay $6.2 million in fines and mitigation measures related to 239 oil and gas well pads in New Mexico, while Permian Resources Operating agreed earlier to pay $610,000 and make improvements to its equipment to settle environmental violations.

The Denver-based company bulks up its Permian position with the purchase of three EnCap Investment portfolio companies.