0 Page
0 Blog
0 Properties
0 News
0 Articles


Oil & Gas Update

Here are a few articles talking about oil & gas and the Permian Basin.  The information comes from Shale Smartbrief, January 26, 2017.

Midstream companies get caught in Permian Basin frenzy
The recent spike in acquisitions of gathering infrastructure and announcements of pipeline expansions in the Permian Basin suggest that midstream assets in the shale play are becoming as hot of a purchase as Permian Basin land. Most recently, Plains All American Pipeline said it was acquiring the Alpha Crude Connector System in the Permian's Delaware Basin for $1.2 billion.
Bloomberg (1/25)  
Investors disappointed with oilfield service providers' performance
Drilling and hydraulic fracturing services providers Schlumberger and Halliburton reported better-than-expected fourth-quarter earnings for their North America operations, but investors were dissatisfied because the pace of growth lagged behind the increase in rig count. Credit Suisse analyst James Wicklund said "people aren't as concerned about the quality of the recovery as much as the pace of the recovery."
Bloomberg (1/25)  
Barclays: Oil production will only increase in the Permian in 2017
The Permian Basin will be the only US shale play where oil production will surge in 2017, according to Barclays commodity analysts. They expect output in the Permian to increase by 490,000 barrels per day from the fourth quarter of 2016 to the final quarter of 2017.
OilPrice.com (U.K.) (1/25)  

The BridgeTex pipeline is the one that came through southern Fisher County a few years ago going from the Permian to the Gulf Coast.
BridgeTex Pipeline to get capacity boost
Plains All American and Magellan Midstream Partners, operators of the BridgeTex Pipeline system, announced plans to expand the pipeline's capacity from 300,000 barrels per day to 400,000 barrels per day, with completion expected by the end of June. The 20-inch pipeline transports crude from the Permian Basin to the Gulf Coast.
FuelFix.com (1/24)