Permian Basin

Production from older wells in the Permian Basin is declining faster than widely assumed, according to a new study. If this trend holds, it could lead to problems for companies that are depending on those wells to pay for future development or to justify a big acquisition.

Diamondback is slated to become the Permian’s latest pure-play giant with its pending purchases of Energen and Ajax Resources.

While US onshore still holds an edge, international oil companies are finding attractive options for diversifying their portfolios, mixing onshore with offshore conventional fields, where finding and development costs are down , and the time it takes to bring them on line.

The rise of cube developments in the Permian Basin has introduced a new way of thinking for some of the region’s biggest players.

Seismic stimulation, achievable with the implementation of a single tool, requires significantly lower investments than gas, thermal, and chemical injection methods, with minimal environmental impact.

As operators seek lower water management costs, a pair of studies examines methods and technologies that could have a major impact on treatment and reuse for hydraulic fracturing operations and beyond.

BP ends a year of speculation as to who will buy BHP Billiton’s much-coveted US unconventional business, transforming its Lower 48 portfolio in the process.

Pipeline bottlenecks have created a wide gap in the price of gas at a key pipeline hub in the Permian compared to the US benchmark level.

Supply growth into next year is projected to outpace global demand, bringing markets once again into a state of relative imbalance.

Permian oil output is growing fast, pipeline capacity is full with little relief in sight, truck drivers are in short supply, and the value of basin-produced crude is sinking. Is a drop off in activity—including drilling and production—becoming inevitable?