Archives for 2017
Oil production accelerating in the Permian Basin, EIA says
Oil production in the Permian Basin could rise by 53,000 barrels a day by next month, the Energy Department said Tuesday, and analysts expect the flurry of West Texas land deals to keep drillers pumping...
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Swift Energy, Transocean lay off dozens of Texas employees
Two prominent Gulf Coast employers, Swift Energy Operating and Transocean Offshore Deepwater Drilling, will lay off dozens of employees this month, according to the Texas Workforce Commission. Transocean, a Switzerland-based contractor with its main U.S....
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WPX Energy adds to Delaware Basin acreage
WPX Energy is joining the ranks of oil and gas companies buying further into West Texas’ ultra-hot Delaware Basin. Not a week ago, the Tulsa company announced it was buying 18,000 net acres in the...
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Market Currents: Pockets of faltering oil production
With the U.S. dollar being dealt a most solid dose of the whoop-bang-wallops (WBWs), crude prices cannot help but be propelled higher today. The great British pound on track for its best day since 2008,...
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ExxonMobil doubles Permian holdings through acquisitions from Bass family
By Collin Eaton and Mike D. Smith Exxon Mobil Corp. will add billions of barrels of oil equivalent to its Permian Basin resource by acquiring a set of companies from a wealthy Bass family of Fort Worth. The...
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