Bloomberg - Tue September 07, 2021
Permian Basin Will Receive $844M Boost Toward Recovery
The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling. The Permian Basin has grown over the past decade to produce more oil than Iraq....
Associated Press - Tue October 06, 2020
Contractor to Supply New Pipeline to Permian Basin
ALBUQUERQUE, N.M. (AP) Oil companies in the Permian Basin of Texas and New Mexico need millions of gallons of water to retrieve petroleum. At the same time, the city of Lubbock spends $1 million each year to dispose its treated wastewater at two city farms....
Link-Belt Cranes - Mon June 24, 2019
Link-Belt Cranes Work Overtime in Wolfcamp Shale
Wolfcamp and Bone Spring Formations of the Permian Basin in west Texas and New Mexico hold oil and gas reserves estimated at 46.3 billion barrels of oil. According to a fourth quarter 2018 U.S. Geological Society report, full production estimates through 2025 predict that by 2021 one in every six barrels of oil, globally, will come from the Permian Basin....
Romona Paden – CEG Correspondent - Wed June 19, 2019
Oil, Gas Surge Spurs West Texas Road Work
As the oil and gas industry in West Texas continues to roar, the heavy activity of energy exploration and production translates to a constant flow of 80,000-lb. trucks traversing the roads in the state's Permian Basin....
ExxonMobil - Wed June 05, 2019
ExxonMobil Permian Development to Provide $64B in Benefits to New Mexico
ExxonMobil said a new study estimates the company's development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements....
Tellurian Inc. - Mon May 06, 2019
Developer Opens Bidding for Gas Pipeline Project
Tellurian announced April 8 that its subsidiary Permian Global Access Pipeline LLC is conducting a binding open season to secure prospective shippers for its PGAP project. PGAP is a proposed 42-in.-diameter interstate natural gas pipeline originating at the Waha Hub in Pecos County, Texas, and terminating at Gillis, La., north of Lake Charles....
Cole Walker – SPECIAL TO CEG - Tue April 23, 2019
Fuel Hauling Solution Allows Company to Buy Fewer Trucks
It takes a lot of fuel to power the west Texas oil boom that's driving U.S oil production to record levels. In Pecos, Texas, located in the gut of the Permian Basin, DeepWell Energy Services is responsible for the housing — trailers and skid houses, mostly — and service equipment that support each of those sites....
Katherine Devlin – CEG Editorial Assistant - Wed March 27, 2019
Chevron, ExxonMobil Announce Plans to Step Up Oil Production in Permian Basin
Oil production giants Chevron and ExxonMobil have announced plans to increase the amount of oil produced in the Permian Basin in the coming years. Due to unconventional methods — defined as extracting oil using methods other than a conventional oil well — oil production has skyrocketed in the Permian, leading to new pipelines, refineries, ports and transportation methods to move the oil and gas....
Lori Tobias – CEG Correspondent - Wed March 27, 2019
Can the Permian Basin Boom Be Even Bigger?
The U.S. Energy Information Administration (EIA) is predicting U.S. crude oil production will average 11.7 billion barrels per day in 2019, putting it on track to surpass the previous record of 9.6 million b/d in 1970....
Texas Department of Transportation - Fri December 28, 2018
USDOT Awards TxDOT $50M for Road Improvements in Permian Basin
The Texas Department of Transportation was awarded $50 million in federal grants to pay for critical improvements needed to address safety and connectivity in the booming Permian Basin. Through its Better Utilizing Investments to Leverage Development (BUILD) Transportation grants, the U.S....
