Texas preliminary Sept. crude oil production averaged 2,380,134 b/d Production for Sept. 2016 as reported to the Railroad Commission of Texas is 71,404,018 barrels of crude oil and 561,242,466 mcf of total gas from oil and gas wells, according to a press release. These preliminary figures are based on production volumes reported by operators and will […]
Texas oil and gas production statistics for Sept 2016 Read More »
Silverback Exploration Delaware Basin assets sold to Centennial Resource Development Nov 28 (Reuters) – Privately held Silverback Exploration LLC will sell oil and gas assets in the Delaware Basin, Texas, for $855 million to Centennial Resource Development Inc, which is backed by energy private equity fund Riverstone Holdings LLC. The assets have net production of about
Silverback Exploration to sell oil and gas assets for $855 million Read More »
Fracking – and cheap oil and gas – has led to a revival of manufacturing in Texas We’ve experienced a tumultuous year as a nation and more than an ample share of uncertainty around the globe. Even in these challenging times, we have many reasons to give thanks in Texas and we can tip our hats
Op-ed: An energetic thanks for Texas oil and natural gas – Todd Staples Read More »
Net sales of 1,160 barrels of oil equivalent per day (97%) HOUSTON – Swift Energy Company announced today that it had entered into a purchase and sale agreement providing for the company to sell its Lake Washington field in South East Louisiana, according to a press release. “Swift Energy has made several strategic moves this
Swift Energy sharpens focus on Eagle Ford Basin Read More »
Castleton betting on LNG exports By Catherine Ngai NEW YORK, Nov 18 (Reuters) – Castleton Commodities International LLC on Friday announced the purchase of more than $1 billion in assets from Anadarko Petroleum Corp, in the commodity trader’s latest move to expand its East Texas footprint. As a result of the acquisition, the Stamford, Connecticut-based
Castleton buys $1B in Anadarko assets, expands East Texas footprint Read More »
Western Refining acquisition connects Tesoro to Permian Basin By Jessica Resnick-Ault NEW YORK, Nov 17 (Reuters) – U.S. oil refiner Tesoro Corp’s $4.1 billion purchase of Western Refining Inc is a bet on many things, but above all it may be a bet on Texas. The largest refining acquisition since 2011, announced earlier on Thursday,
Tesoro Western Refining buy: A bet on Texas Read More »
Wolfcamp largest estimate of continuous oil that USGS has ever assessed in the US The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to
20 billion barrels of oil in Texas’ Wolfcamp shale formation – USGS Read More »
FORT WORTH, Texas – An oil and gas fund has agreed to invest up to $450 million of equity and delayed draw unsecured debt capital to support additional Midland Basin asset acquisition. Funds managed by affiliates of Apollo Global Management, LLC and Post Oak Energy Capital, LP announced Double Eagle Energy Permian LLC and Magnetar Capital
Double Eagle Energy announces funding Midland Basin asset acquisitions, development Read More »
EIA’s most recent forecasts show production will increase in Permian, 2Q of 2017 US drilling activity is increasingly concentrated in the Permian Basin, which spans parts of western Texas and southeastern New Mexico, according to the US Energy Information Administration. The Permian now holds nearly as many active oil rigs as the rest of the United
U.S. oil drilling increasingly focused in Permian Basin Read More »
While blessed with abundant natural resources, the US is also blessed with drive for innovation by Matt Mandel, EnergyInDepth It’s no secret that U.S. oil production has trended skyward over the past decade; in fact we are now the number one producer of oil (and natural gas) in the world, thanks to hydraulic fracturing. But last year,
Texas leads US oil production to 43 year high Read More »
