HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 3.Dec.2025) — Houston-based Enterprise Products Partners L.P. executed an agreement with Spring, Texas-based ExxonMobil Corporation, which will acquire a 40% undivided joint interest […]
Tag: Permian Basin
US Gas Production to Average 114.7 Bcf/d in 2025, Rise 1.4% YOY
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 12.Feb.2025) — US marketed natural gas production is expected to average 114.7 billion cubic feet per day (Bcf/d) in 2025, up 1.4% […]
Atlas Energy Commissions Dune Express
(Atlas, 10.Oct.2024) — Atlas Energy Solutions Inc. announced that the commissioning of the Dune Express, a 42-mile long, fully electric conveyor system that is expected to transform proppant logistics in […]
Saguaro LNG Endangers California Marine Life, Activists Warn
(Mexico News Daily, 10.Oct.2024) — Citing concerns over its impact on the Gulf of California, environmental groups are urging the Mexican government to cancel Mexico Pacific’s LNG megaproject in Sonora, […]
TGS Releases Dynamic Matching FWI Volume for West Kermit 3D
(TGS, 17.Jun.2024) — TGS released the Dynamic Matching FWI (DM FWI) volume for West Kermit 3D in the Delaware Basin. The final new data volumes include time reprocessing and a […]
Infinium and Kinetik Reach Innovative CO2 Utilization Deal
(Infinium, 16.Apr.2024) — Infinium, has reached an agreement with a subsidiary of midstream energy company Kinetik Holdings Inc. (NYSE: KNTK) to purchase carbon dioxide (“CO2”) captured from Kinetik’s gas gathering and […]
Ecopetrol Production Averages 737 Mboe/d in 2023
(Ecopetrol, 1.Mar.2024) — Ecopetrol SA ended 2023 with strong operational results that drove achievements across the entire company. We have achieved the second-best financial results in history by following our financial […]
Diamondback, Endeavor to Create $50bn Company
(Reuters, 11.Feb.2024) — U.S. shale oil rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a roughly $25 billion cash-and-stock deal that would create an oil and gas […]
Mexico Pacific Inks Optional LNG Offtake with ExxonMobil
(Mexico Pacific, 16.Jan.2024) — Mexico Pacific signed a third long-term Sales and Purchase Agreement (SPA) with ExxonMobil LNG Asia Pacific (EMLAP) for an additional 1.2 million tonnes per annum (MTPA) […]
North American Gas Market to Expand by 25% Over Next Decade: WoodMac
(WoodMac, 17.May.2023) — Near-term gas market expansion continues to be driven by global demand for US LNG exports, which will largely be supplied through continued growth in Permian associated gas […]
Earthquake in Texas Oil Country Highlights Environmental Concerns
(Barrons, 16.Nov.2022) — A 5.3 magnitude earthquake hit a key oil basin in West Texas on Wednesday afternoon, and was strong enough to be felt in Austin and other parts […]
Ecopetrol Eyes Capex of $3.5-$4bn In 2021
(Ecopetrol, 14.Dec.2020) — Ecopetrol S.A.’s Board of Directors approved the 2021 organic investment plan for the Ecopetrol Group (GE) for an estimated amount between $3.5bn and $4bn. HIGHLIGHTS – The […]
Ecopetrol Aims To Drill 100 Permian Wells By YE:21
(Reuters, 14.Sep.2020) — Colombian oil company Ecopetrol SA aims to drill a total 100 wells by end-2021 in the Permian Basin of West Texas as global oil prices recover, Chief […]
Houston American Energy Completes Permian Well
(Houston American, 3.Sep.2020) — Houston American Energy Corp. provided an update on recent activities on its U.S. Permian Basin acreage. In Yoakum County, TX, the Frost #2-H frac has been […]
‘Dead Cow’ Oil Play Set To Be Next Permian Is Now Dead
(Bloomberg, 1.Apr.2020) — Just a bit more than 3 weeks ago, the head of Argentina’s state-run driller outlined an aggressive $1.8 billion spending plan for 2020 in the country’s Vaca […]
Ecopetrol Targets Higher CAPEX In 2020
(Ecopetrol, 25.Nov.2019) — Ecopetrol S.A. reported that in 2020 the Ecopetrol Group (GE) plans to invest an expected US$4.5 to US$5.5 billion, 25% to 53% higher than the estimated 2019 […]
Argentina’s Vaca Muerta Comparable to Permian Basin
(Energy Analytics Institute, 4.Sep.2019) — “The massive Vaca Muerta formation is geologically comparable to the best US oil basins, particularly the Permian Basin in West Texas and southeastern New Mexico, […]
Mexican Lawsuit Risks Permian Route To Market
(Petroleum Economist, Charles Waine, 2.Aug.2019) — Mexico’s Comisión Federal de Electridad (CFE), the state-owned electricity utility, has started legal proceedings against seven natural gas pipelines. The move intensifies fears about […]
Ecopetrol Call To Discuss Oxy Midland Basin Deal
(Ecopetrol, 31.Jul.2019) — Ecopetrol S.A. announces that on August 1st, Ecopetrol’s senior management will host two conference calls to review the joint venture with Occidental Petroleum Corporation to develop Occidental’s […]
Ecopetrol and Occidental Form Strategic Midland JV
(Ecopetrol, 31.Jul.2019) — Ecopetrol S.A. announced formation of a joint venture with Occidental Petroleum Corporation to develop 97,000 net acres of Occidental’s Midland Basin properties in the Permian Basin. The […]
Occidental Makes $38bn Rival Bid for Anadarko
(WoodMac, 24.Apr.2019) — Occidental Petroleum today put forward a rival bid to acquire Anadarko Petroleum for US$38 billion, surpassing Chevron’s US$33 billion offer earlier this month. Occidental proposes paying US$76 […]
ShaleWolf Capital Sees Oil Prices Above $110 by 2019
(ShaleWolf Capital, 9.Aug.2018) – On June 22nd, 2018 President Donald Trump asked OPEC to increase its daily oil output by 1 million barrels. Industry experts would agree that OPEC is […]
Next Hot Spot for Shale Drilling? Argentina
(CNN Money, 28.Jul.2016) – Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a “pendulum”, going from loose economic […]