Permian Basin

A recent wave of megadeals is weighing on the mind of many oil and gas executives in Texas, New Mexico, and Louisiana.

Houston-based Occidental said that one reason it is buying private producer CrownRock is to gain more access to the deep, relatively untapped Barnett formation.

The deal is subject to Mexico Pacific taking a final investment decision on the proposed third train at the Saguaro Energia LNG Project on Mexico’s Pacific Coast.

A case study presented at ATCE took medical science to a new low—into the depths of the Permian Basin for application to downhole reservoir drainage diagnostics.

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.