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. 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