Permian Basin

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.

Milestone Environmental Services has announced the ground breaking for its new oilfield waste-disposal facility south of Midland, Texas.

Peter Hays, a partner in mergers and acquisitions (M&A) at law firm King & Spalding, says that stabilization in the oil market has helped the industry M&A business to recover.

Top US seismic experts say they are keeping a watchful eye on ground shaking in the state as new concerns are raised in neighboring Texas.

As well-developed shale plays and tight formations mature and decline in production, nontraditional strategies for maximizing production and discovering new resources must be considered.

Crude oil production in the United States is expected to approach 10 million B/D in 2018 and surpass a previous high achieved in 1970, according to the latest US EIA forecast.