Permian Basin

Drilling and completion expenditure and activity is projected to show multiyear double-digit growth from 2018–2022 despite a flattening of rig count increases.

The Irving, Texas-based supermajor plans to cash in on its expanded foothold in the Permian Basin, aided by a big reduction in the US corporate tax rate.

Rising oil production in the Permian Basin has created an opportunity for midstream companies to acquire and expand pipeline infrastructure to handle a predicted spike in produced water.

The effect of frac hits on production economics is becoming more important as a result of the high-speed drilling in the US shale sector. Recent research reveals the financial and recovery risks involved if well spacing results in well-to-well interference.

We hear the term “social license” a lot. We have created a new term that people can hide behind and debate endlessly. I believe that we need to take it to the broader level and rethink how we do our work and achieve "community consensus."

The demand for water and disposal services in the Permian Basin has piqued the interest—and investments—of companies eager to acquire existing pipeline infrastructure and saltwater disposal facilities to capitalize on the growing need.

Projections of future production in the Permian Basin may came up short because new wells drilled near older ones are likely to yield less.

ExxonMobil announced an enhanced program to reduce methane emissions from its production and midstream facilities across the US. The program includes a commitment to switch out more than 1,000 high-bleed pneumatic devices over 3 years.

To reduce the risk of wells getting “frac hits,” Permian Basin operators around Midland created an information exchange to give them notice of nearby fracturing.

San Antonio-based Petro Waste Environmental (PWE) announced the opening of its newest state-of-the-art nonhazardous oil and gas waste landfill facility in Howard County, Texas.