The Permian Basin now produces over 6 million ... Both trends suggest that some formations in the basin are reaching geological constraints, and more drilling isn’t necessarily proportionate ...

Some areas in the Permian have hit geological limits while others, yet to be drilled, are not expected to be as prolific as the prime Tier 1 acreage. Despite record U.S. crude oil production ...

Diamondback Energy said on Tuesday it would buy certain units of EnCap Investments-backed energy producer Double Eagle for $4.08 billion in cash and stock, expanding its presence in the oil-rich U ...

image: The cover of the special issue of AAPG Bulletin containing the seven Permian Basin studies led by researchers at the Bureau of Economic Geology at The University of Texas at Austin.

ChampionX has completed a multi-million-dollar transformative project to enhance its chemical manufacturing hub in the Permian Basin. The project is a key initiative to meet industry demands while ...

A zombie well apocalypse is coming for the Permian Basin. ... the water flows into a geologic fault and causes earthquakes. Sometimes, ... but that’s for another column.

The United States Geological Survey confirmed six earthquakes ... particularly in the Permian Basin region, “The practice of deep injection of oil field wastewater, known as saltwater disposal ...

Jul. 15—MIDLAND — The Permian Basin continues to grow rapidly, reflecting the region's importance as an economic powerhouse for Texas, New Mexico and the country. This year's Economic Report ...

By 2030, the Permian Basin will contribute 50% of U.S. oil production. Although the Permian Basin is home to only 9.2% of New Mexico’s population, the region produces over a quarter, 25.9%, of ...

INTRODUCTION. The marine organic-rich shales from the lower Permian Irati Formation have a wide distribution overall Paraná Basin, reaching 10 6 km 2, corresponding to one of the geological formations ...

What he thought was a failed gamble turned into one of the few remaining family oil companies in the Permian Basin. (Source: Fasken Oil & Ranch) And as operators jockey for scale and runway in America ...

Three companies with extensive presences in the Permian Basin recently announced expansions and merger deals, with assets in New Mexico's Eddy and Lea Counties at play. Three companies with ...