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Flaring stays near record-high in the Permian

Flaring and venting in the Permian Basin has stabilized in the range of 600 million to 650 million cubic feet per day (MMcfd), according...

Permian gas flaring drops for the first time in years

Flaring of gas in the Permian Basin in the US in the first quarter of 2019 dropped for the first time in 1.5 years,...

Permian water woes pose risk to production

Rising produced water volumes and expanding costs pose a significant risk to production growth in the Permian basin, Ryan Duman, Senior Analyst at Wood...

New pipeline needed to meet surge in demand for Permian crude

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day (b/d) by...

ExxonMobil New Mexico Permian development to generate $64 billion in benefits

US oil major ExxonMobil said that its Permian Basin development in New Mexico will generate approximately $64 billion in net economic benefits for the...

Offshore drilling making comeback with low-cost targets like Stabroek

Producing 120,000 barrels of oil per day from the Permian basin would require a $12.8 billion investment while hitting the same volume from Guyana’s...

ExxonMobil to ramp up Permian production to 600,000 barrels

ExxonMobil today 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...

Exxon is drilling some extremely long shale oil wells

(Bloomberg) Exxon Mobil Corp. is drilling shale wells that stretch farther than the length of New York’s Central Park. The world’s biggest oil explorer by...

Exxon adds 22,000 acres to Permian Basin resource

Exxon Mobil Corporation announced Wednesday that it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and...