Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
Analysis by Rystad Energy suggests a prolonging of current prices could unlock up to 2.2 million barrels per day (bpd) of US tight oil by next year.
Chevron posted disappointing profits after slumping values for some long-held fields hurt the oil giant’s ability to take full advantage of surging energy prices.
ADC Energy has bagged its largest US onshore project to date to deliver rig inspection services for a major operator’s fleet in the Permian Basin.
Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the U.S. Permian Basin.
The Securities and Exchange Commission has been largely silent on the financial wreckage of the U.S. shale industry in recent years, but that may be about to change.
Drilling permit activity is slowing across Texas as oil prices crash to near $20 per barrel.
America’s nascent status as a net petroleum exporter is already at risk as plunging oil prices threaten domestic production and give a leg-up to world’s biggest producers.
The oil major Exxon Mobil is not planning to give up its status as the top driller in Texas.
Callon Petroleum and Carrizo Oil & Gas are drilling right up to the last minute of a controversial Nov. 14 merger vote between the two companies.
A new study from the University of Texas at Austin is blaming hydraulic fracturing activity on some earthquakes in the Permian Basin of West Texas.
There’s a showdown brewing out in the Permian Basin, one pitting large independent exploration and production companies against oil majors.
A California company is seeking to build a $1 billion refinery that will make gasoline and diesel near the Permian Basin town of Kermit.
San Antonio pipeline company Epic Midstream Holdings remains on schedule to begin moving crude oil from West Texas' Permian Basin to the Port of Corpus Christi by this fall.
Seventeen energy companies operating in West Texas' booming Permian Basin said they're pledging more than $100 million to help improve roads, schools, health care, housing and workforce training.
The Permian Basin has been the hottest shale play in the U.S. for years, according to a new report.
The West Texas sun is still hours away from rising, but the line at the First Presbyterian Church in Midland is already forming.
Lilis Energy moved its headquarters from San Antonio to Houston this month as the oil producer aims for stability under a new chief executive and growth in West Texas' booming Permian Basin.
Houston's ConocoPhillips is bucking the trend of churning as much oil out of the booming Permian Basin as possible, instead focusing on less crowded areas like South Texas' Eagle Ford shale.
The Permian shale play is all about setting records. Now, the region may even become the world’s largest oil patch over the next decade.
West Texas' Permian Basin single-handedly accounted for another jump in the number of rigs actively drilling for petroleum in the U.S.
Riverstone Holdings said today that it had completed the sale of Three Rivers III, an Austin-based oil and gas company focused on the Permian Basin.
A pipeline shortage that’s leaving gas trapped in West Texas’ Permian Basin means prices for the fuel there are the lowest of any major U.S. hub, wresting that distinction from Appalachia’s Marcellus Shale. Prices for Permian gas, produced alongside oil in the play, have tumbled 30 percent from a year ago, while output rose to a record.
Norstra Terra today confirmed it has made its third acquisition in the the Permian Basin.
Oil and gas operator adds ‘stacked oil pay zones’ in the Delaware and Midland Basin areas to its growing acreage within the Permian base.