Permian Basin
Oil and gas production, drilling activity, and infrastructure in the Permian Basin.
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Latest Permian Basin Stories
Permian Basin holds ~55,000 sub-$50/bbl drilling locations
Enverus Intelligence Research estimates the Permian Basin has approximately 55,000 economically viable drilling locations under $50 per barrel, reflecting a 10% year-over-year growth. This expansion is attributed to high-quality resource additions and cost reductions. The report indicates that over 60% of the new oil resource is concentrated in emerging deep zones.
ICP DAS USA enhances rig connectivity in the Permian Basin
ICP DAS USA has developed the tGW-715 Modbus gateway to improve connectivity on rigs in the Permian Basin. This device converts sensitive serial signals into robust Modbus TCP, allowing operators to use a single shielded Cat5e cable instead of multiple copper serial lines. The tGW-715 is designed to withstand the harsh rig environment and ensures reliable data transmission.
Autonomous trucks begin operations in the Permian Basin
Autonomous trucks are now operating in the Permian Basin, specifically for frac sand hauling. Companies like Kodiak Robotics are running these trucks along established routes, enhancing logistics efficiency in the oilfield supply chain. The technology allows for longer operational hours compared to human drivers, potentially reshaping freight economics.
ExxonMobil highlights constraints in Permian basin water disposal
ExxonMobil's unconventional division leader states that subsurface disposal of produced water in the Permian basin is not a comprehensive solution to water management issues. This reflects ongoing challenges in managing produced water effectively in oil production.
Coterra Energy implements synchronized drilling model in Permian Basin
Coterra Energy's Mystik Dan development utilizes a synchronized drilling model in the Permian Basin, integrating licensing, drilling, and facility deployment. This approach results in a factory-style, multi-pad development with a consistent drilling cadence and rapid production transition.
Discussion on rig connectivity in the Permian Basin
The article addresses the importance of rig connectivity in the Permian Basin, highlighting a critical aspect of operational efficiency. Specific details and insights are not available due to the protected nature of the content.
Permian Basin Water in Energy conference scheduled for April 7-9 in Midland
The 2006 Permian Basin Water in Energy conference will take place April 7-9 in Midland, featuring keynote speakers from various sectors including energy and water management. Notable speakers include CEOs from Veriten, University Lands, and economic firms, along with Texas House representatives and officials from environmental and water development boards. The conference aims to enhance water management practices within the energy industry.
Portable power solutions address grid strain in the Permian Basin
Portable power providers in the Permian Basin, such as Gravity Oilfield Services and Liberty Power Innovations, are addressing grid strain by offering flexible power solutions for oil and gas operations and data centers. These companies are focusing on natural gas generators to meet varying power demands, from large-scale fracturing jobs to smaller electric submersible pumps. The growth of data centers in the region presents additional opportunities for these portable power solutions.
Permian Basin shifts focus from drilling to system optimization
The Permian Basin has transitioned from a drilling-centric approach to a comprehensive system that emphasizes optimization, continuous learning, and data-driven strategies. This evolution highlights the importance of system intelligence in gaining competitive advantage within the industry.
Private equity shifts focus to natural gas and water in the Permian Basin
Private equity investment in the Permian Basin is increasingly directed towards natural gas and water management solutions. New pipeline projects are expected to enhance gas outflow, addressing the rising gas-to-oil ratios and the need for better water recycling methods. This shift reflects a broader trend away from traditional oil investments as market dynamics evolve.
Permian Basin spot gas prices drop into negative territory for April flow
Permian Basin spot gas prices fell into negative territory for April flow due to spring pipeline maintenance and mild weather forecasts, worsening the supply glut in the region. This decline reflects ongoing challenges in managing excess supply amidst maintenance activities.
Permian Basin bottlenecks limit oil output despite high prices
Permian production growth is hindered by gas takeaway limitations, despite higher oil prices. Current flaring indicates infrastructure lag, with new capacity expected later this year. The basin's output remains constrained as gas handling infrastructure struggles to keep pace with production growth.
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