Home / Tag Archives: Permian

Tag Archives: Permian

EcoloCap Solutions, AllSource Environmental partner to deploy ECOAS Bio-ART

Baker Hughes rig count, Williston, Bakken

EcoloCap and AllSource Environmental LLC have reached a sales representative agreement where AllSource Environmental LLC will be able to provide ECOS Bio-ART as a solution to their customers in the industrial waste industry. Based out of Downers Grove, IL, AllSource Environmental LLC is a national material management company that offers solutions with regulated and non-regulated waste streams and industrial services.  ...

Read More »

ExxonMobil to Triple Permian Production by 2025

ExxonMobil announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. Recent changes in the U.S. corporate tax rate create an environment for increased ...

Read More »

Inspectorate opens Permian Basin facility

magnifying-glass

A new oil and gas service facility opened in the Midland-Odessa area earlier this week. Inspectorate, a multinational inspection, sampling and testing services group, announced Tuesday that it will now provide services to the Permian Basin including sampling and gauging, terminal inventories, key point crude testing and water-draws. Inspectorate’s team is also trained and equipped to package and ship samples ...

Read More »

U.S. oil rigs decline, but up in Permian, Bakken

U.S. oil drillers this week added one rig each in the Permian and Bakken shale basins, data showed on Friday, another sign that higher crude prices are coaxing producers back to the well pad after a six-month slump in activity. Overall, drillers reduced the number of rigs by four this week, oil services company Baker Hughes Inc said in its ...

Read More »

Ferrellgas to buy Dallas energy company for $837.5 million

KANSAS CITY, Mo. — Propane retailer Ferrellgas Partners L.P. on Monday announced a definitive agreement to purchase Dallas-based Bridger Logistics LLC for about $837.5 million, as it seeks to expand in the crude oil business. Ferrellgas, based in the Kansas City suburb of Overland Park, Kan., and known for its Blue Rhino portable propane tanks, said Bridger’s owners will receive ...

Read More »

Signs point to recovery

Oil prices tick upward. The drop in rigs drilling in the Permian Basin continues to flatten. And some observers expect the worst of the layoffs are over. Meanwhile, some of the biggest drillers in the region, Pioneer Natural Resources and EOG Resources, announced plans in the past two weeks to start drilling soon, dependent on price stability and other factors. ...

Read More »

Encana posts surprise operating profit as costs fall

Encana Corp , Canada’s largest natural gas producer, posted a surprise quarterly operating profit as investments in technology to lower well costs and increase production begin paying off. Encana has been diversifying into oil production and has invested heavily in technology and drilling techniques, such as applying simultaneous drilling and completions operations on wells, to drive greater productivity and cost ...

Read More »