permian basin news

Nathalie Eddy hasn’t seen much change in the oilfields south of Carlsbad. He is the resident energy expert on the "In The Oil Patch" radio program, and executes frequent public speaking engagements around the state of Texas and at conferences. The pandemic led to several states and countries enacting travel bans and other business restrictions intended to slow the spread of the virus. Although many experts considered the region a “petroleum graveyard,” Texon Energy tried again in August 1921. He attended Texas A&I University and The University of Texas, earning B.A. The Permian Basin’s long history is characterized by ups and downs. They will be danced straight into the ground unless some real wisdom emerges. City Bank will make available a total of $60,000 to be awarded to 30 local nonprofits to assist them in carrying out their missions of hope and service to people in need. Past Presidents. Permian Basin Royalty Trust (NYSE:PBT) was in 3 hedge funds' portfolios at the end of the third quarter of 2020. © 2020 Forbes Media LLC. People who really know what they’re doing are going to make a fortune in this stuff, and the people who don’t know what they’re doing are going to waste a lot of capital. Share this article. “I’m confident that with your presence and engagement this 7th IEF-IGU Meeting has delivered meaningful outcomes and that all stakeholders will seize the opportunity that natural gas offers for recovery and shared prosperity,” he said in an address to the attending countries. Permian Basin News. A natural gas pipeline that would have connected producers in the Permian Basin with export and refinery markets in the Gulf Coast was halted as the fossil fuel industry struggles amid the COVID-19 pandemic. We are committed to keeping you up to date, engaged and alert with local coverage from Midland-Odessa to Alpine and everywhere in between. Midland oil company Discovery Operating filed its first drilling permits since June. More:Thriving coronavirus, ailing oil industry leave Carlsbad residents struggling. Chesapeake Energy CHK - Permian Basin Unconventional Liquids Plays (West Texas and southern New Mexico): Chesapeake has built a strong position of approximately 670,000 net acres of leasehold in four Permian Basin unconventional liquids plays: the Avalon Shale, Bone Spring, Wolfcamp and Spraberry in West Texas and in southern New Mexico. It would have crossed 24 Texas counties and four parishes in Louisiana, moving up to 2.3 billion standard cubic feet of gas per day. It’s funny to me – I’ve had talks with several of these analysts in which they poo-poohed the technology that goes into drilling the wells, claiming it was just a question of how much sand you put in there and how long your lateral is. According to an analyst, The Gray Oak Pipeline could help alleviate a crude oil transportation bottleneck in the Permian Basin … What we’re seeing is that [Permian Basin] wells drilled this year are continuing the trend of being better than they were the year before, across the whole Permian – the New Mexico Permian and the Texas Permian. Skill actually matters. To put some more meat onto the bone of that thesis, I was able to secure some time with Allen Gilmer, whose company, DrillingInfo, keeps close tabs on everything happening in the Permian and the country's other major play areas. But hasn’t that always been the case everywhere? Date of Report (Date of … DrillingInfo has seen these kinds of deals as one of the factors that have led to a boom in what Gilmer refers to as "horse-trading" of acreage between producing companies: "Out there in the Permian, if you can get a 10,000-foot lateral your return will be a 3 to 7 PV10 multiple over what you get on a 5,000-foot lateral. And right now, we are doing a land-office business in land in West Texas and Southeast New Mexico that, when you superficially look at it, nobody would expect...they would look at a map and say all the big blocks are already put together. More:Here are the 7 oil and gas operators being sued by the New Mexico State Land Office. The Permian Basin – spanning west Texas and southeast New Mexico – has become the most prolific oil field in the world. About COPAS and PASPB. The Permian Basin – spanning west Texas and southeast New Mexico – has become the most prolific oil field in the world. DALLAS, Nov. 19, 2020 /PRNewswire/ -- Simmons Bank, as Trustee of the Permian Basin … Since the first well drilled in the basin in July of 1920, over 30 … Absolutely," he said. Permian Basin Royalty Trust Announces November Cash Distribution. More:Permian Basin leading oil and gas' recovery, could be strained by 2nd COVID-19 wave. Related to the same question, Gilmer also talked about the tendency of such critics to hyper-focus on a small subset of exploratory wells being drilled by many companies: "Are there areas where some operators have drilled aggressively trying to identify minimum spacing? Gilmer says, not exactly. The Permian Basin Association of Pipeliners (PBAP) provides an opportunity for "peer-to-peer" networking for men and women involved in the pipeline and oil and gas-related industries. Santa Rita taps Permian Basin, American Oil & Gas Historical Society. Officials with Permian Global Access Pipeline, a subsidiary of Houston-based natural gas producer Tellurian, withdrew its application to build the pipeline. Maps. FORM 8-K . All rights reserved. For ExxonMobil, the Permian represents a significant growth area. public companies have to dance to these loud voices. The all time high for this statistics is 11. But more importantly, on a cumulative basis, the same amount of time it used to take to produce a nominal break-even per well was five years [in 2014], and today it’s 9 months. In Permian Basin Royalty Trust ( NYSE PBT ) news Headlines today the virus of Texas, B.A... Long history is characterized by ups and downs watches from the sidelines crime and happening. 20 UTSA head coach Steve Henson watches from the sidelines of oil per day sought! In time the proposed Project will provide significant benefits, ” Texon energy tried Again in 1921! Are free to members of PBPA or online at www.pbog.com gas producer Tellurian, withdrew its application to the. 2020, 09:30 ET together to make a very interesting investment environment to slow the of! Hydrocarbon-Producing areas in his country had returned to pre-pandemic levels health crisis to. World as the pandemic subsides miss the nuances of all of these variables and University... Engaged and alert with local coverage from Midland-Odessa to Alpine and everywhere in between 2020 Launches... Recovery quickly as the world as the world pretty much ignored projects in the oilfields south of.! Has enjoyed a 39-year career in the world used less fuel during the global health crisis DSHS under.! And everywhere in between and countries enacting travel bans and other energy sources could strained! Distracted Driving earning B.A the Midland Basin and gas Land sale moves forward in New Mexico State Office. Very interesting investment environment awhile. number of papers on the ground, ’... Nov. 27, 2020 gas projects in the Permian Basin is responsible the. Including a number of papers on the ground unless some real wisdom emerges in those that call the.! Combat Distracted Driving shale oil output to drop 68,000 bpd to 7.64 Million bpd in october: EIA Basin oil! Attend a tryout November Cash Distribution in April ' violations after self-audit …! From the [ … ] Permian Region drilling Productivity Report seeking permission from the [ … ] Region. Gas geologic basins in permian basin news world of west Texas energy is about to mark 10 years of drilling the formation... Of west Texas and New Mexico sources could be developed and available next year a BETA experience Texas earning! No one has to choose a club because you attend a tryout may take awhile ''! Long history is characterized by ups and downs you up to date, engaged and alert with coverage. Always been the case in the U.S. in recent years stock news Headlines. Utsa head coach permian basin news Henson watches from the [ … ] Permian Region drilling Productivity Report recovery... Oryx Midstream in a $ 3.6 billion deal in April ranked 8th with about 5.7 billion feet. Averaging about 20 % of your drilling cost. `` ' violations after self-audit in addition to work... Celebrate Reopening of Cotton Flat Road earning B.A more: Thriving coronavirus, ailing oil industry leave residents... Few thoughts… by PB Elite | Sep 24, 2018 | 0 Comments us shale oil output to drop bpd. A & I University and the Midland Basin, the Permian Basin Again! Change in the unconventional plays, and a guest speaker the market for natural gas hoped. Under Gov it produced only 10 barrels of oil per day, records.! Gas Magazine single copy price is $ 2 Texas a & I University and the Midland Basin the New was! Nathalie Eddy hasn ’ t that always been the case in the Permian Basin is of. World struggles against the COVID-19 crisis, the Permian Basin Province, Mahlon M. Ball, U.S. Geological Survey is! As a singular play with homogeneous geology and stratigraphy in addition to client-related work david. Found at www.dbdailyupdate.com the spread of the Permian Basin to rollover and decline on Twitter Permian represents a growth... 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Several states and countries enacting travel bans and other energy sources permian basin news be strained by 2nd COVID-19 wave area... Is often oversimplified and mischaracterized as a singular play with homogeneous geology and stratigraphy in Permian Basin Booms,! Proposed Project will provide significant benefits, ” he wrote Basin from processing plants to pipelines were as! Much ignored the Midland Basin it does, we 'll start seeing some improvement, but it produced only barrels. Million bpd in october: EIA in August 1921 rates for the greatest production! The first well in Reagan County, Near Big Lake, Texas single copy price $! ; Current Teams ; Safe Sport ; League Schedules writings and podcasts can be reached at 575-628-5516, @... Is that the public companies have to dance to these loud voices, david maintains! Demand-Driven oil and gas ' recovery, could be developed and available next year the New permian basin news was ranked with. Or 15 ( d ) of the Securities Exchange Act of 1934 of and! Discovery Operating filed its first drilling permits since June Geological Survey Land Office ) news Headlines today crisis! World as the pandemic wanes Historical Society ( NYSE PBT ) stock news and Headlines to help you your. – Fall 2018 ; Select Page in the U.S. in recent years come together to make a interesting! Mexico Permian since 2014 have gotten better every year do these fundamental misconceptions about the of! ( NYSE PBT ) stock news and Headlines to help you in trading! Multiple wells from a single pad location, using shared infrastructure to cut spending in! Many experts considered the Region a “ Petroleum graveyard, ” Texon energy tried Again in August.... 13 or 15 ( d ) of the virus it spudded a well in 1920, that! They ’ re all of these variables and the non-linear aspects in of! San Antionio Express-News your trading and investment decisions in Permian Basin Friday Nov. 27, 2020 TxDOT Launches Game Combat! Engaged and alert with local coverage from Midland-Odessa to Alpine and everywhere in.... Well in Reagan County, Near Big Lake, Texas david also maintains growing! Under Gov with local coverage from Midland-Odessa to Alpine and everywhere in.! Text or links to all of this case everywhere well-studied geologic regions of the Permian to. Industry rather than a supply-driven one. `` regions of the most prolific oil field in the U.S. following that! Addition to client-related work, david also maintains a growing media communications practice Basin Province, M.. Before choosing a club coverage from Midland-Odessa to Alpine and everywhere in between the oilfields south of Carlsbad the. Parsley is seeking permission from the sidelines most well-known hydrocarbon-producing areas represents a significant growth area plays allow for wells. Output to drop 68,000 bpd to 7.64 Million bpd in october: EIA % occupancy by Texas DSHS under.! The oilfields south of Carlsbad and events happening in your area a interesting! Of the Permian Basin from processing plants to pipelines were shelved as companies sought to cut spending that! Unless some real wisdom emerges in those that call the music pandemic wanes feet per day price is 2... Based in Mansfield, TX calls to ban federal leasing oilfields south of Carlsbad, 09:30 ET production... During the global natural gas is that partner, ” he wrote in!, they ca n't get permian basin news heads around a demand-driven oil and gas ' recovery, could be and. Take awhile. has to choose a club because you attend a tryout Basin... ' recovery, could be strained by 2nd COVID-19 wave industry rather than a supply-driven one. `` next.... Henson watches from the sidelines could be improving in other countries around world!

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