Permian Basin
Oil and gas production, drilling activity, and infrastructure in the Permian Basin.
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Latest Permian Basin Stories
Permian Basin banking integrates deeply with energy sector
In the Permian Basin, financial institutions are closely integrated with the energy industry, providing tailored financing solutions for various operators. Banks offer a range of services from traditional loans to specialized financing for small independents, emphasizing relationship-based banking. The culture of trust and understanding of the energy sector is critical for success in this region.
Permian Basin methane emissions drop 20% since 2022 amid increased production
Methane emissions in the Permian Basin have decreased by 20% since 2022, despite rising production levels, according to an S&P Global study. This reduction is attributed to various approaches, including the use of advanced combustion technology and AI-based monitoring systems. Companies like Total Combustion, Inc. and Reliable Oilfield Services are leading efforts to minimize emissions and improve compliance.
Ovintiv focuses on Permian Basin for 2025 drilling strategy
Ovintiv's 2025 drilling strategy emphasizes the Permian Basin as its core growth area while planning to exit the Anadarko Basin. This shift aims to build long-term value and streamline asset monetization.
Civitas acquires 13 miles of gas pipeline from Oxy in Permian Basin
Civitas Permian Operating acquires approximately 13 miles of natural gas pipeline from Oxyrock Operating in Howard and Glasscock Counties. This acquisition enhances Civitas' control over gas handling and development efficiency in the Midland Basin, aligning with their active drilling strategy.
Permian Basin faces wastewater disposal challenges impacting oil production
The Permian Basin, a major contributor to U.S. oil production, is facing significant challenges with wastewater disposal due to hydraulic fracturing. The Texas Railroad Commission has restricted new wastewater disposal well licenses due to rising ground pressure and environmental concerns. Current solutions, including switching to shallower disposal wells, are proving insufficient, leading to increased costs and potential impacts on oil production.
Diamondback shifts to co-developing entire sections in the Permian Basin
Diamondback Energy is changing its drilling strategy in the Permian Basin by focusing on co-developing entire sections rather than just targeting select benches. This approach aims to improve the economics of shale development as the company prepares for its 2025 drilling plans.
Targa files for air permit for YETI Gas Plant in Permian Basin
Targa Delaware LLC filed a Standard Permit air authorization for the YETI Gas Plant in early January 2026. This marks the beginning of the regulatory approval process for a significant new gas processing facility in the Permian Delaware Basin.
January gas prices rise in Northeast, fall in Permian Basin
January spot gas prices show significant regional variation, with Northeast prices averaging in double digits, while Permian Basin prices decline sharply. Gulf Coast prices remain relatively stable compared to the previous month.
LibertyStream achieves consistent lithium carbonate production in Texas Permian Basin
LibertyStream Infrastructure Partners has achieved consistent production of lithium carbonate from its automated refining unit in the Texas Permian Basin. Independent laboratories have validated multiple batches of the product, meeting target specifications. The company plans to advance to bulk sampling and offtake discussions to support scale-up in 2026, with commercial volumes targeted for 2027.
Midland and Odessa mayors discuss collaboration at Permian Basin Oil Show
Mayors Lori Blong of Midland and Cal Hendrick of Odessa discuss their collaboration and the importance of the energy industry at the Permian Basin International Oil Show. They highlight infrastructure needs, community growth, and future opportunities in energy, including water management and attracting new industries. Both mayors express optimism for continued growth in their cities.
Advanced analytics optimize well spacing in Permian Basin
A study analyzed 23,000 horizontal wells in the Permian Basin to determine optimal well spacing for maximum recovery. Findings indicate that well spacing should vary between 500 to 1,000 feet based on geological characteristics, with tighter spacing benefiting high organic carbon zones.
Permian Basin highlights advancements and opportunities in oil and gas production
The Permian Basin is recognized as a leading oil and gas production region, contributing to U.S. energy independence and global market stability. The upcoming 2025 SPE Permian Basin Energy conference will showcase advancements in technology and strategies from operators in the area. Attendees will gain insights from field case studies and discussions on strategic plans.
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