BP considers buying some of BHP’s US energy assets
BP Plc is weighing an acquisition of some of BHP Billiton Ltd.’s energy assets as the British oil major seeks more U.S. shale, according to people familiar with the matter.
Permian
Labor shortages in West Texas getting worse
The latest shale drilling boom is driving unemployment to the lowest levels in years in many of the areas that encompass the Permian Basin, a 17-county region that spans West Texas and eastern New Mexico, according to data compiled by the Permian Basin Regional Planning Commission, a cross-border coalition geared toward diversifying the region’s economy.
Shell, Blackstone to bid for BHP’s shale division, report says
Shell and private equity firm Blackstone have agreed to make a joint takeover bid for the US shale division of BHP, the world's biggest miner, a news report said.
Shell and Anadarko avoid divorce after spat, plan Permian growth
Shell and The Woodlands’ Anadarko Petroleum feuded last year over spending and control of their Permian Basin joint venture in West Texas. Now, they say, they’ve avoided a messy divorce and are primed to grow in the booming oil and gas region.
Total CEO says he doesn’t need Permian Basin shale to thrive
Total SA’s chief executive officer may be one of the few major oil heads who isn’t salivating over the booming Permian Basin shale oil field.
Hidden pitfalls could hamper hottest US oilfield
The world’s hottest oil field, the Permian Basin of West Texas and New Mexico, isn’t without its risks.
ExxonMobil snaps up oil terminal in Wink, Texas
US oil major ExxonMobil has bought a crude oil terminal in Wink, Texas from Genesis Energy.
Danos makes West Texas acquisition
Danos has acquired Renegade Backhoe Services (RBS) in a bid to fuel its Permian push.
Most new Permian oil likely to be exported from Houston, Corpus Christi
Most of the new crude oil produced in West Texas' Permian Basin during the next few years will be shipped from Gulf Coast ports to growing nations in Asia and other regions, according to analytics firm IHS Markit.
How the wild shale race may be harming the Permian’s oil trove
The frantic shale race may be causing some long-term damage to assets in the Permian and other major U.S. oil fields.
Hess sells up in the Permian
Hess Corp. has inked a deal to sell its stakes in some oil-producing assets in West Texas and New Mexico for $600 million, the New York oil company said Monday.
Cowboy country turns oil-basin bargain versus pricey Permian
A year ago, it cost the family-owned Kirkwood Oil & Gas LLC a relative pittance to secure drilling rights in the Powder River Basin, the lonely, scrubby corner of northeast Wyoming known mostly as a home to cattle ranches and coal mines. Today, it’s a different story.
Three North Sea deals in top 10 upstream oil and gas acquisitions in Q1, report says
Three North Sea deals were among the top 10 non-US upstream oil and gas acquisitions in the first quarter of 2017, a new report said.
Marathon buys bolt-on 21,000 acres of Permian basin for $700million in cash
Marathon Oil (NYSE:MRO) has snapped up another 21,000 acres of Permian basin for $700million in cash.
Wood Group targets Permian for growth
Global oilfield services firm Wood Group will focus on offshore upstream and US onshore shale projects as growth markets for 2017.
Wood Group: M&A appetite is ‘undiminished’
Wood Group's appetite for mergers and acquisitions is "undiminished", according to company bosses.
Shale fracking rebound starts with costlier grains of sand
The oilfield service companies that supply everything from sand to sophisticated robot rigs are seeking a new lease on life as America’s fracking fortunes begin to turn.
Encana sells $1billion of shares as it eyes Permian expansion
Encana Corp., the Canadian oil and natural gas producer, is selling about $1 billion of shares to fund drilling in Texas next year and repay debt.
Noble, Marathon said to weigh bids for Permian’s Silver Hill
Noble Energy Inc. and Marathon Oil Corp. are weighing bids for Silver Hill Energy Partners, a Permian Basin explorer that could fetch more than $2 billion in a sale, according to people familiar with the matter.
Opinion: Why Wall Street Is Throwing Billions At The Permian
The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas.
Texas shale drillers lure $2 billion in new equity to Permian
Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below $35 a barrel. Drillers in the Permian Basin, the biggest US shale field, have raised at least $2 billion from share sales over the past eight weeks. And more issuances are on the way as producers try to avoid piling on additional debt.