Permian Basin

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.

This paper presents design considerations and field-trial applications for determining practical dimensions and limits for interdependencies associated with stage length, perforation clusters, and limited-entry pressures.

The authors of this paper define a work flow that constrains solutions that match models and field observations and obtains a more-representative model for forecasting and optimizing fracture behavior.

The University of Texas at Austin leads new energy consortium in partnership with multiple entities from academia, national labs, and a research center for development of the Permian Energy Development Laboratory.

The acquisition will enable Energy Transfer to send more barrels of Permian crude to oil hub at Cushing, Oklahoma.

This case study highlights the effectiveness of unmanned aerial systems in enabling land-based operators to assess the relative seriousness of leaks efficiently by both localizing and quantifying their methane emission rates.

EcoShield also reduces carbon footprint of well construction over traditional cement systems.