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...The other is the Permian Basin — the vast oilfield that stretches across west Texas and New Mexico — where production increases have slowed amid constraints on fracking imposed by local authorities....
...Continental is the largest oil producer in the Bakken shale fields in the US states of North Dakota and Montana and in the past year has expanded into Wyoming and the Permian Basin of Texas and New Mexico...
...It also has operations in Wyoming and the Permian Basin in Texas....
...The capacity of a plant planned by Occidental Petroleum in the Permian Basin will be 250 times bigger, capable of removing 1mn tonnes of CO₂ a year....
...Shipments surged after Congress overturned the prohibition in response to rapidly rising production from shale regions such as the Permian Basin and Eagle Ford in Texas....
...ConocoPhillips, the new owner of Shell’s Permian Basin assets, plans to increase production next year. Stunts and pious pledges won’t save the planet....
...They are mostly clustered around the Permian Basin oilfields of west Texas, where CO2 is injected into wells to squeeze out stubborn crude oil deposits....
...Andrew Gillick, energy sector strategist at Enverus, a consultancy, said the deal “bolsters Devon’s basin-leading position in the Permian and allows WPX shareholders to be part of a platform that delivers...
...The acquisition adds long-term inventory of cleaner-burning natural gas in the east Mediterranean, while building up Chevron’s short-term position in the fast-return shales of the Permian and DJ basins....
...In the Permian Basin of Texas and New Mexico, oil producers are flaring 750m cubic feet a day of associated gas partly in the face of pipeline bottlenecks, according to Rystad Energy, a consultancy....
...The industrial bellwether recorded an 11 per cent drop in revenues from the oil and gas industry in the second quarter, citing “lower demand for new equipment in the Permian Basin”....
...Trustees oversaw a bare bones operation consisting mostly of selling land in the Permian Basin in the southwestern US and collecting royalties from oil and gas and grazing leases....
...At the meeting, Occidental’s chief executive Vicki Hollub set out the case for the acquisition, saying she could see a path to increasing by $10bn the value of Anadarko’s assets just in the Permian Basin...
...The deal would make Occidental the third-largest US oil production company, and reinforce its already strong position in the Permian Basin of Texas and New Mexico, heart of the US shale oil boom....
...(FT) Drilling down The Permian Basin straddling Texas and New Mexico has made the surrounding areas attractive locations for those chasing the US oil boom, and this time they think it will last....
...The unblended crude is tapped from pipelines running straight from oilfields in west Texas’s Permian Basin, according to the exchange company....
...They added that while Anadarko controls a number of attractive assets in the Permian Basin, the Texan company also faced a number of political risks in Colorado and Africa that could not be underplayed....
...Basin of Texas and New Mexico....
...Horizon Kinetics, a New York-based investment adviser, has set its sights on reorganising Texas Pacific Land Trust, a highly profitable company with land holdings on the Texas side of the Permian Basin,...
...The prescience of that decision became clear in the middle of the last decade, when the US shale boom came into its own and EOG invested heavily in the Permian Basin region of Texas....
...The hectic pace of drilling and the productivity gains have boosted output from the Permian Basin by 60 per cent in the past two years, to 3.2m barrels a day....
...ExxonMobil, the largest US energy group, plans to increase its shale oil production in the Permian Basin of Texas and New Mexico fivefold to 500,000 barrels a day in 2025, the company said on Tuesday....
...“Energen has a world-class leasehold position in the core of the Permian Basin, but for years, has traded at what we believe is a material discount to its underlying value,” Mr Meister said....
...Today it is the Permian Basin of west Texas and eastern New Mexico....
...The difference this time is even stronger gas production from shale basins such as the Marcellus in Pennsylvania and the Permian in Texas....
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