Internal rates of return are still excellent despite low oil prices, says Pioneer Natural Resources Pioneer Natural Resources isn’t backing down from its plan to significantly increase drilling in the Permian Basin, despite a drop in the price of oil by 20 per cent in recent weeks. “[I]nternal rates of return are most important in […]
Pioneer Natural Resources sticks with plan to increase Permian drilling Read More »
Reel Thanx has helped 168 injured American veterans since 2007 Reel Thanx is a Midland-based charity that supports injured American military veterans. Twice a year Reel Thanx holds fund-raising events and registration is now open for the next one, a fishing tournament at Lake Amistad. American Energy News is proud to be a supporter of Reel
Reel Thanx fundraising fishing tournament Oct. 17 – register now! Read More »
WPX Energy says it intends to increase focus on oil production WPX Energy Inc. is moving into the Permian Basin an a big way by buying privately held RKI Exploration & Production LLC for $2.35 billion, the company announced Tuesday. Natural gas producer WPX Energy (WPX.N) is buying oil assets in the Permian basin on the cheap during
WPX Energy pays $2.35B for RKI Exploration’s Permian oil assets Read More »
Gathering/processing a new operation for Legacy Reserves Midland-based Legacy Reserves is finally venturing into East Texas after purchasing natural gas properties, gathering/ processing assets for $440 million. Legacy Reserves (Nasdaq:LGCY) made the announcement Monday, saying it has entered into separate agreements with affiliates of Anadarko Petroleum and Western Gas Partners, LP as part of the deal. “This acquisition represents
Legacy Reserves buys East TX natural gas properties, assets for $440M Read More »
Clayton Williams Energy expects to run two rigs, one in Eagle Ford, one in Delaware Basin Midland-based independent Clayton Williams Energy, Inc. says it has sold about 3,700 net acres in the Eagle Ford basin for $22.1 million and that it plans to resume drilling in the third quarter. According to a release, the acreage in
Clayton Williams will resume drilling in Q3, sells Eagle Ford land Read More »
New study says American shale are adjusting to the new low oil price environment The much heralded death of the American shale revolution at the hands of OPEC and the Saudis appears to be premature, according to a new study by consultancy IHS. The report says the compounding effect of high-graded drilling locations and the
American shale revolution lives! High-grade drilling, cost reductions are key Read More »
Rapid growth of women in energy fuelled demand for Pink Petro, says founder Katie Mehnert Women in the traditionally male-dominated energy workforce need to a place to connect with each other, says Katie Mehnert, CEO of the new social platform Pink Petro, which launches in Midland June 18. Mehnert is an oil and gas industry veteran, working
Pink Petro plans to paint Permian pink June 18 in Midland, TX Read More »
Texas oil and gas sector adjusting to significantly lower oil prices The Texas oil and gas industry continues to post strong production numbers even though the rig count is down and fewer permits are being issued. The Texas average rig count as of May 22, was 372, representing about 44 percent of all active land
Texas oil and gas statistics – March/April 2015 Read More »
Encana says Texas shale oil assets performing better than when they were purchased The drastic drop in crude prices has not soured Encana Corp. on a pair of multibillion-dollar purchases it made last year to gain a foothold in Texas shale oil, CEO Doug Suttles toldshareholders last week. At Encana’s annual general meeting, investors questioned
Encana gungho for Texas shale oil Read More »
Midland producers will have new route to refineries in Houston, Beaumont, etc. with Enterprise Products Partners pipeline Enterprise Products Partners L.P. (NYSE:EPD) is building a new new 416-mile, 24-inch diameter pipeline to transport crude oil and condensate from the company’s Midland, Texas terminal to its Sealy storage facility near Houston. “The commitments we received for the Midland-to-Sealy
Midland to Houston pipeline planned by Enterprise Products Partners L.P. Read More »
