Permian Basin

Permian Basin oil wells produce a lot of water. Much of it is injected into disposal zones above and below the basin’s primary oil- and gas-producing zone. When water is injected into these disposal zones, the pressure increases, mainly because no fluid is concurrently removed. Is this increase in pressure a concern? The data would suggest yes.

The 5.2-magnitude earthquake is tied for the fourth strongest in Texas history. It occurred in an area where oilfield companies have long been injecting waste water.

New York-based BlackRock will put more than half a billion dollars into Occidental's first direct air capture project, which is now 30% completed.

The four capital projects will enable Enterprise to send more NGLs to the Texas Gulf Coast.

State regulators raise doubts about natural gas flaring permits but rarely reject them.

The nearly $60-billion deal will see ExxonMobil more than double its Permian Basin output to over 1.3 million BOED.

Permian producers are looking for new places and ways to sustain production in the giant basin.

The latest deal from Denver-based Civitas Resources brings its spending total this year to almost $7 billion.

Produced water is a brew of salt, chemicals, and minerals that oil companies have always had to deal with. Landowners had no problem with that arrangement until they could see ways to make some money from it.

An industry leader in the Permian Basin said a new report proves safety regulations are helping. Other observers say more data is needed to understand the risks of extraction.