USA Archives Page 9 of 21 - The American Energy News

Blackstone deal to buy EagleClaw Midstream for $2 billion

EagleClaw Midstream largest privately held midstream operator in Delaware Basin EagleClaw Midstream Ventures announced on Monday it will be sold to funds managed by Blackstone Energy Partners and Blackstone Capital Partners for approximately $2 billion. According to a press release issued by the Midland, Texas based company, money from the all-cash deal includes about $1.25 […]

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Permian Basin output boost pressures regional prices

USA

Cash traders selling Permian Basin crude at steep discounts Booming West Texas oil production has resulted in a drop in the value of the area’s spot crude to its lowest discount to the US oil benchmark in nearly two years. Shale producers in the Permian are frantically working to take advantage of higher prices and

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NuStar to buy Navigator Energy for $1.48 billion

USA

NuStar Energy looking to expand into Permian Basin NuStar Energy LP announced on Tuesday that it is buying privately held Navigator Energy Services LLC for approximately $1.48 billion. The company says with the purchase of the Dallas-based pipeline company it is expanding its operation into the Permian Basin. Navigator Energy owns and operates crude oil

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Texas drilling permits, completions statistics for March 2017

USA

Texas rig count as of April 7 was 418, representing 50% of active rigs in US AUSTIN – The Railroad Commission of Texas issued a total of 1,310 original drilling permits in March 2017 compared to 511 in March 2016. The March total included 1,144 permits to drill new oil or gas wells, 11 to re-enter

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Renewable energy plants pop up on West Texas oil and gas landscape

USA

West Texas renewable energy helps power Austin, San Antonio West Texas country, known for oil and gas rigs, is quickly becoming the home to a number of renewable energy facilities which provide electricity for thousands of Texas homes and businesses. On April 5, the East Pecos Solar Facility went live after a year-long construction period. The First

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Chevron shifts to Permian Basin shale, boosts spending by 67 per cent

USA

Chevron owns 2 million acres in Permian Basin Chevron Corp is shifting its focus from multi-billion dollar mega projects to the Permian Basin, hoping to weather low oil prices by quickly developing its vast shale holdings in Texas and New Mexico. In an interview with Reuters, Chevron CEO John Watson said he wants to put the shale

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Texas oil/natural gas regulator needs proper funding – industry association

USA

Texas has comprehensive regulations for all aspects of oil and natural gas activity By Todd Staples, Texas Oil & Gas Association Texas lawmakers are reviewing the Railroad Commission of Texas (RRC), the state agency that regulates the oil and natural gas industry, as part of the sunset review process. Lawmakers would do well to not

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Dallas Fed survey shows strong optimism for Texas oil, gas production

USA

50% of exploration and production companies responding to survey reported improved overall 6 month outlook By Matt Mandel, EnergyInDepth A new survey from the Dallas Federal Reserve Bank shows oil producers in Texas and Oklahoma are continuing to thrive amid the moderate price environment, as efficiencies in production and resource-rich shale basins drive breakeven prices

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Marathon’s $700USD million Delaware ‘bolt-on’ acquisition

USA

Marathon holds almost 600 million boe of risked resource, near 1.5 billion boe of total resource in Permian On March 21, Marathon bought 21,000 net acres in the Delaware Basin for US$700 million from Black Mountain Oil & Gas and other private sellers, according to Wood Mackenzie. The deal comes soon after Marathon entered the

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Texas oil and gas production statistics for January 2017

USA

Texas production in Jan. 2017 came from 166,839 oil wells and 91,847 gas wells Production for Jan. 2017 as reported to the Railroad Commission of Texas is 75,331,644 barrels of crude oil and 608,396,818 mcf (thousand cubic feet) of total gas from oil and gas wells, according to a press release. These preliminary figures are

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