Permian Basin
Oil and gas production, drilling activity, and infrastructure in the Permian Basin.
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Latest Permian Basin Stories
WellSense completes field trial of new well conveyance technology in Permian Basin
WellSense completed a field trial of its FiberLine Intervention Conveyance System (FliCS) in the Permian Basin, deploying bare fiber into a 19,000-ft well in 50 minutes. This technology aims to enhance diagnostic surveys in horizontal wells, operating approximately 10 times faster than traditional methods. The commercial launch is expected in early 2026.
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.
USGS reports new oil and gas potential in the Permian Basin
The USGS estimates 28.3 trillion cubic feet of gas and 1.6 billion barrels of oil in the Woodford and Barnett shales of the Permian Basin. This discovery challenges the perception of declining shale resources in the U.S. However, recovery challenges exist due to depth and geological conditions. The current oil market faces a global glut, impacting production decisions in the region.
Refracturing wells in the Permian Basin boosts oil production
Refracturing, or 'refrac,' is gaining traction in the Permian Basin as operators seek to boost production from existing wells. Recent analyses show refracs can increase production by up to 32% in the Permian and 174% in the Eagle Ford. Advances in technology and completion design make refracs a cost-effective strategy for maximizing output from older wells.
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.
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.
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.
USGS reveals significant undiscovered oil and gas resources in Permian Basin
The USGS announced significant undiscovered oil and gas resources in the Woodford and Barnett shales within the Permian Basin. This evaluation highlights the potential for bolstering U.S. energy security and economic growth in Texas. The findings are expected to impact jobs and data center growth in the region.
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