Permian basin companies ’ most prolific basin Pure play Permian midstream provider. Our Three-Pronged Business approach includes onsite frac sand operations and more. Private companies more than doubled their collective rig count in the basin, from 30 to 73, in a little over a year between “The Permian Basin. Since each well brought on so much more oil than before, the industry could now achieve with 400 rigs, what it took 1,600 rigs to produce a few years earlier. The current value of the portfolio assumes that $909. Permian Basin Royalty Trust's market performance has experienced a mix of ups and downs. Permian Basin oil production slowly crept back up to one million BPD in 2010, and then hydraulic fracturing sent production soaring. The U. 0100. The Permian Strategic Partnership (PSP) is a coalition of 29 leading Permian Basin energy companies and higher education institutions who joined together to work in partnership with leaders across the region’s communities to address current and future challenges to the responsible development of the vast oil and natural gas resources of the Permian Resources (NYSE:PR) is an oil and gas exploration company solely focused on the Permian Basin. We connect Permian Basin's Top Producing Real Estate Agents with the industry's most highly referred partners by publishing our monthly magazine, and hosting exclusive social events throughout the year. 7 billion as an entry point into both the Midland and Delaware sub-basins View Permian Basin Materials (www. The Permian Basin covers approximately 86,000 square miles and encompasses 52 counties in New Mexico and Texas. In Q4 2024, Chevron expects to produce roughly 940,000 barrels of oil per day in the Walker on Feb. Total Production. The company holds a 75% net overriding royalty interest in the Permian Q&A Permian Basin Companies Getting Back To Work As Recovery Continues. (NYSE American: REI) is headquartered in The Woodlands, Texas and is an oil and natural gas exploration and production company with current operations in the Permian Permian Resources (NYSE: PR) is an independent oil and natural gas company focused on driving sustainable returns through the responsible acquisition, optimization and Learn how operators of all sizes are investing in the Permian Basin, one of the most prolific oil and gas regions in the U. The acquisition of Houston-based Callon will give APA—and its subsidiary Apache Corp. One of the more innovative developments is Matador Resources’ pilot project using a “horseshoe” design in Loving County. Valor is a mineral rights service company that employees the use of it's proprietary state-of-the-art software, mineral. Apache Corporation is a subsidiary of APA Corporation. U. “And over 20% of the world’s drilling rigs are operating in the Permian more than all other countries, including Saudi Arabia. is getting deeper in the Permian Basin with a $4. Permian Basin. The Permian Basin’s oil production has seen robust growth in recent years. Today, there are more drilling rigs in the Permian Basin than anywhere else in the world, and production in the Permian currently accounts for about one-fourth of the total oil output of the United States. With proper treatment and the right completion fluid additives, the abundant supply of produced water can eliminate or reduce the need to fracture wells using fresh or brackish water. The company gathers these data from satellite imagery computer vision analytics, which detect and measure every frac water impoundment and well pad in the Permian In the final tab (“Top operators”) of the interactive presentation at the start of this post, the production and well positions are displayed for the 10 largest producers in the Permian Basin through March. The Permian Basin is the second-largest shale gas-producing region in the United Midland, TX-headquartered Diamondback Energy is an independent oil and gas exploration & production company with its primary focus on the Permian Basin, where it has more than 490,000 net acres Our Acquisitions Team works closely with Landowners and Oil Producers to develop locations where water disposal is needed the most. We pride ourselves on the relationships we develop over time, respecting all stakeholders – our clients, employees, landowners and neighbors. The company was founded on November 1, 1980 and is headquartered in Dallas, TX. We haul crude using new trucks and trailers with the latest safety equipement and technology on the Environmental Consulting in the Permian Basin and Beyond. To inspect the performance of the Permian Basin Oil and Gas Stocks portfolio, see the chart below. industry’s quest for liquids-rich plays is leading operators to double-down on the prolific Permian Basin, the long-standing cornerstone of domestic oil supply. 405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240. Concho Resources Inc. PERMIAN BASIN ROYALTY TRUST NNOUNCES DECEMBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES DALLAS, Texas, December 20, 2024 - Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the The Central Basin Platform (CBP) is a shallow subsurface structure located in west Texas and a portion of southeastern New Mexico. oil production output of any region. The deals expand Coterra’s CARLSBAD — Midstream operations to transport and process crude oil and natural gas continued to grow in the Permian Basin, with companies moving into the area and building new facilities in recent weeks. Permian Basin Materials LLC OS-420. 4 million acres, extending from the southern New Mexico counties of Eddy, Lea and Chaves counties and southward into the western Texas counties Hirings, promotions, and other personnel matters in the nation’s biggest oil patch, the Permian Basin—or in companies who do business here. In the Permian “The sale of CrownRock could also be the first leg of a triple crown of mega sales by private companies in the Permian with Endeavor Energy Resource, an even larger Midland Basin producer with Improving Permian production amid healthy oil prices raises the incentive to keep an eye on companies like ExxonMobil (XOM), Chevron (CVX) and Diamondback Energy (FANG). pb-materials. Largest pure-play E&P company in the Delaware Basin; Deep inventory of high-quality drilling locations on ~180,000 net acres; Unique combination of attractive growth profile and robust shareholder returns framework; Strong balance sheet protects the business and return of capital program across commodity price cycles Oil has been drilled in the more than 75,000-square-mile Permian Basin for over 100 years, but now modern technology and the major oil companies have turned the region into a lever for world oil overview. Permian basin operators, major and independent service providers, and international companies seeking to gain insights into hydraulic fracturing for applica-tion to their indigenous unconventional resources. The Permian Basin Royalty Trust’s (the “Trust”) principal assets are comprised of a 75% net overriding royalty interest carved out by Southland Royalty Company (“Southland”) from its fee mineral interest in the Waddell Ranch properties in Crane County, Texas (“Waddell Ranch properties”), and a 95% net overriding royalty interest carved out by Southland from its Two companies that operate primarily in Permian Basin are ranked among the top 10 private operators in the lower 48 states, according to a recent report from Enverus. But the company now is applying state-of-the-art technology to build on its deep operational expertise and elevate drilling productivity, efficiency and safety to new The four are co-owners and mainstays of BTA Oil Producers, one of the leading independents in Midland and a renowned exploration and production firm with some remarkable accomplishments to its credit. The stock closed Tuesday at $45. Find related and similar companies as well as employees by title and much more. AI should take that number even lower TULSA, OK, May 12, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. ” Mike Wirth, chairman and [] The Delaware Basin is the western portion of the Permian Basin, separated from the more developed Midland Basin by the Central Basin Platform. 4 million net acres in the Delaware and Midland basins have an estimated 16 billion barrels of oil equivalent resource. Midstream companies looking to extend pipelines beyond the Basin face issues of costs and of landowners highly resistant to having water pipelines cross their property. The increased activity in the Permian Basin today is underpinned by innovation. Decades of experience on footage, turnkey and day rate drilling contracts has instilled into our company DNA an efficiency of operations and expertise in drilling formations in the Permian Basin. Occidental Petroleum is also digging deeper into the Permian: The company inked a $12 billion deal to acquire CrownRock, one of the most attractive remaining private E&Ps in the basin. Although named for The Permian Basin remains the largest oil-producing shale play in the US, with global demand and geopolitical shifts continuing to support growth and competitiveness in the region, according to One in five new wells in the Permian Basin of West Texas and New Mexico will rely on subterranean horizontal holes of 3 miles or longer in 2024, double the share this year and up from virtually This interactive presentation contains the latest oil & gas production data from all 45,039 horizontal wells in the Permian (Texas & New Mexico) that started producing from 2001 onward, through July 2023. We Provide Turnkey Saltwater Disposal Solutions Throughout the Permian Basin. Kinetik is one of the the largest independent gathering and processing companies in the Delaware Basin. Permian tight oil production came in at 5. Permian Q&A Permian Basin Companies Getting Back To Work As Recovery Continues. They commit to doing the right Accounting for 45% of the oil production and 20% of the natural gas production in the United States—the Permian Basin stretches about 250 miles wide and 300 miles long across west Texas and Southeast New Mexico. The Permian Basin is one of the oldest and most widely recognized oil and gas producing regions in the U. It sits in the heart of the Permian, between the Delaware and Midland Basins. Company & Play Break-Even, Type Curves and Well Economics; More than 2,500 Subscribers rely on our data each day. Email: jeremyrichey@dualec. In a statement, CEO Darren Over the past 15 years, oil drillers turned a stretch of desert in Texas and New Mexico called the Permian Basin into the most important oil basin in the world by re-engineering pipes and Occidental has agreed to sell $817. “I'm really excited about the future of certified natural gas, which is really about helping companies operate responsibly. "Permian Basin Part 2 Wolfcamp and Spraberry Shale Plays of the Midland Basin. has reached agreements with two closely-held companies to buy assets in the Permian Basin for $3. Its properties include Waddell Ranch and Texas Royalty. Once a significant challenge for producers, Permian Basin wells’ high water cuts have revealed a silver lining. 95 billion. com. The first large-scale venture by Oxy, costing $1. 7 nixed the proposal after widespread opposition, particularly from oil and gas companies operating in the Permian Basin, where peak electricity demand has grown 8% a year since 2012, compared with 2% system-wide growth in the grid operated by the Electric Reliability Council of Texas. brings PERMIAN BASIN OIL GAS Operator # Operator Name Lease Count Oil Volume (BBL) Oil Volume Rank 020528 ANADARKO E&P ONSHORE LLC 977 31,836,957 7 085408 BPX OPERATING COMPANY 296 92,994,293 7 148113 CHEVRON U. About PBT. The Hogan Building opens in downtown Midland, making Midland the headquarters for oil companies and leading to its nickname, the Tall City. bp supports more than 1,900 jobs throughout the state and has spent more than $1. [+] Recent reports indicate that the Permian Basin underlying Midland may now be the world's most APA Corporation contributes to global progress by helping meet the world's energy needs. Chevron Corp. “Already, it’s producing 5 million barrels of oil per day. Midland-based Diamondback Energy was already a big upstream company in the prolific Permian Basin that straddles the border between West Texas and Southeast New Mexico. Texas deposits have not been developed because of the more expensive We provide premier, mission-critical midstream solutions to the Permian’s producers. Permian Basin Producers: Charting A Cleaner Energy Future 2023. “Permian producers are price takers and Saudi Arabia has both the spare capacity and the willingness to deploy it — that could bring any The four are co-owners and mainstays of BTA Oil Producers, one of the leading independents in Midland and a renowned exploration and production firm with some remarkable accomplishments to its credit. Jason Richey. From the Delaware and Midland sub-basins, the company is expecting to produce higher daily oil equivalent The Permian Basin is an energy-rich depression in the earth’s crust that spans parts of West Texas and New Mexico. Jeremy Richey. The Permian Basin encompasses an area that stretches 250 miles wide and 300 miles long. HRL Compliance Solutions is an expert in the field of environmental consulting, with extensive experience providing Spill Response, Air Compliance, and Waste Management & Remediation services to the Permian Basin in Texas and New Mexico. 8-K - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230. Here is a rundown of the major player’s operations in the Permian The Permian Basin is one of the oldest and most widely recognized oil and gas producing regions in the U. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties, including Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell fields in Crane Permian Basin Producers: Charting A Cleaner Energy Future 2023. We serve North America with offices in the Permian Basin, As of Wednesday, that description will need changing, after the company entered into two purchase agreements totaling $4. Challenges for 2024 and Beyond. contact. Just 10 companies will now control more than 6. The merger of ExxonMobil and Pioneer creates an Unconventional business with the largest high-return development potential in the Permian Basin. 5–42. 00 an MMBtu as the summer driving and cooling seasons begin, the Permian Basin is finding its mojo. In the Permian, the “break-even” price for oil producers has fallen to $40 a barrel from over $90 in 2012, according to S&P Global Commodity Insight. The list below is a summary of the top 10 Oil & Gas Producers in the Permian by wells drilled in 2023. Read More. What he thought was a failed gamble turned into one of the few remaining family oil companies in the Permian Supply for the Whistler Pipeline would be sourced from multiple upstream connections in the Permian Basin, including direct connections to plants in the Midland Basin through an approximately 50 mile, 30-inch pipeline lateral, as well as a direct connection to the 1. Surging production. The company holds a 75% net overriding royalty interest in the Waddell Ranch Mewbourne Oil CEO Ken Waits shares the strategy that propelled the 58-year-old private company to the top of the nation’s most prolific play, the Permian Basin. S. It’s a story of hard work and free enterprise, gut feelings and calculated risks, ingenuity and science, and legendary characters and companies. Ben enjoys golfing, spending time with his family and cooking. Marketed natural gas production from the Permian Basin in western Texas and eastern New Mexico reached a new annual high of 16. All 11 stocks are included in the portfolio computations. Permian Basin Petroleum Association D-40. Find out about the latest acquisitions, drilling techniques, ExxonMobil on Wednesday unveiled its corporate plan through 2030 and has earmarked a significant amount of cash for the Permian Basin. Continental Resources (Rockies) was the No. 5 billion takeout of Callon Petroleum Co. 16, 2024). Administrative Office 1400 S. Pioneer Natural Resources is the largest producer with almost half a million of production (Hz wells only) in recent months. In addition to the Permian Basin, where they have been most active During 2017, the company expects to average 15 drilling rigs in the Permian Basin and drill approximately 250 wells, which includes a four to six rig delineation drilling program at Alpine High. “Surging Permian production has made the U. And with an abundance of conventional and unconventional plays to choose from, the question for operators in the Permian these days is which formations to target to get the highest rate of return. 1/ Pioneer Natural Resources Company ranks #1 in wells drilled The Permian Basin is one of the oldest and most widely recognized oil and gas producing regions in the U. get the facts Chevron is one of the largest net acreage leaseholders and one of the largest producers in the Permian. Back to Top. From there, bpx manages world-class assets in the Permian and Eagle Ford basins in Texas, and Haynesville Basin in Texas and Louisiana. 816,725. 5 million within local communities in support A century ago, David Fasken acquired what would become his family legacy sight unseen. Our rigs set us apart as the best drilling company in the area. They came up with over 46 billion barrels The Permian Basin is one of the oldest and most widely recognized oil and gas producing regions in the U. Email: jasonrichey@dualec. Described in more detail elsewhere, Stratos will remove 500,000 m-tpd (metric-tons Drilling rigs sit unused on a lot in Odessa, Texas, in the Permian Basin, in March 2022. In a region where freshwater is scarce, that capability is invaluable. Permian Strategic Partnership. Our Methodology. 17. ’s $10. The company currently owns roughly 49,000 acres in the Permian Basin and produced 4. 7% announcement it will merge with Permian Basin ranked list of publicly traded Permian Basin companies. tech ®, to enable it to Permian Basin mineral rights management in Midland Texas, Valor specializes in Permian Basin Mineral Rights and Royalties. A. 4 million barrels of oil and 21. 4mn barrels of oil equivalent a day of the Permian’s 12. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced the signing of a definitive joint purchase and sale agreement to acquire the assets of Forge Energy II Delaware, LLC ("Forge"), an EnCap portfolio company, further expanding the Company’s Permian Basin focus and Companies have focused on assets in the Delaware section of the Permian Basin, Blankenship said, adding that activity has been less robust in the Midland portion of the basin, where costs can be Companies with global influence and interests control more than half the acreage in the Permian Basin. By as early as 2024, we plan to increase our production in the basin to 1 million barrels of oil-equivalent per day. Corporate Office West Texas Cementers, LLC PO Box 6105 McAllen, TX 78502-6105 432. With its long history of production, about 45% of the total barrels produced to-date in the Permian have come from the Central Basin Platform. Collective - ly these industry sponsors represent more than 50% of oper-ated wells in and gross production from the Permian basin. The combined company’s more than 1. Described in more detail elsewhere, Stratos will remove 500,000 m-tpd (metric-tons The Delaware Basin is the western portion of the Permian Basin, separated from the more developed Midland Basin by the Central Basin Platform. JBS Parkway Odessa, Texas 79766 Company * Email * Phone * Wall Specs. Consists of over 1,200 miles of regulated and non-regulated crude oil gathering and transportation pipelines spanning the most prolific crude oil-producing counties in the Permian Basin. 7 billion cubic feet per day (Bcf/d) in 2021. daily production. Total oil output from the Permian, from conventional and unconventional sources, is forecast to grow by approximately 1 MMbpd this year, climbing from 4. San Ramon-based oil and gas major Chevron said last week it will reduce spending for Permian Basin in 2025. The distribution does not Permian Basin Royalty Trust's valuation is influenced by its revenue growth, earnings potential, and overall investor sentiment toward the energy sector. view the overview. PWS is a full service, full life cycle water midstream company with assets across the Permian, Eagle Ford, Rockies, Haynesville, and Appalachia. Active Rigs By Company and County (Updated Weekly) Drilling Permits (New & Recompletions) 2015 & 2014 Company Detailed Drilling Budgets; Company Contact Database; Unconventional Company Asset Database (acreage, production rates, well info, development plans, resverse, and completions designs) Company & Play Break-Even, Type Curves and Well The companies will own and 100 percent interest in the 450-mile Whistler pipeline, which connects the Permian’s Waha natural gas hub to Agua Dulce, Texas, and in the 137-mile Rio Bravo pipeline DALLAS, Dec. It is often oversimplified and mischaracterized as a singular play with Employers Being focused exclusively on the Permian Basin oil & gas industry, we bring you the best, most relevant candidates. In a region where freshwater is scarce, that The Permian Basin International Oil Show is a three-day gathering of producers, service companies, and innovators! | Every odd numbered year the Permian Basin International Oil Show, Inc. Permian Basin is in geology the name of two large intercontinental basins that Pioneer Natural Resources, ConocoPhillips, EOG, Devon Energy, Exxon Mobil Discover the leading oil and gas exploration and production (E&P) companies operating in the Permian Companies with global influence and interests control more than half the acreage in the Permian Basin. 2 billion About PBT. In fact, 2022 was a stand-out year for record production with the Permian producing nearly 5. (432) 223-5239 8-K - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230. , drillers swarmed to the U. 4 million barrels in the third quarter, contributing 62% to its total output. 4 million acres, extending from the southern New Mexico counties of Eddy, Lea and Chaves counties and southward into the western Texas counties Basin fluids is an independent drilling fluids company providing personal and dedicated service to oil and gas operators in the US Northern and Southern regions. Contact. Our streamlined logistics offer near-well storage via in-basin transload facilities, and our load-outs are optimized for quick truck turns on high-volume jobs. Portfolio values are computed using monthly closes for stocks from Alpha Vantage. In 2023, production in the Permian reached nearly six million barrels per Permian Resources (NYSE:PR) is an oil and gas exploration company solely focused on the Permian Basin. The Permian-based company, which also offers power generation and equipment rental services, connects to about 10 other water midstream players at its Howard County Super Headquartered in Midland, Texas, Permian Resources is the second largest pure-play E&P company in the Permian Basin. “That’s almost half the U. , noted for its rich petroleum, natural gas, and potassium deposits. Interested in For crude oil midstream companies in the Permian Basin, most of their customers want oil blended to WTI specifications, which require around 39. , on Monday, Dec. 5 API gravity targets. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash Our fit-for-purpose drilling rigs are built for efficient operation in the Permian Basin. *Requires active subscription. — In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. Two companies that operate primarily in Permian Basin are ranked among the top 10 private operators in the lower 48 states, according to a recent report from Enverus. We are focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. With strategically located assets in the core of its basins, Pilot Water Solutions is positioned to meet the needs of its customers with best-in-class service and reliability. Occidental Petroleum Corp. Hydrocarbon-rich layers of rocks lie beneath both See more Largest operators by average Q2 2023 gross operated production. Here is a rundown of the major player’s operations in the Permian including acreage, production and near-term plans. “Permian producers are price takers and Saudi Arabia has both the spare capacity and the willingness to deploy it — that could bring any Delaware Basin | Permian A Comprehensive Guide to the Permian’s Delaware Basin, Featuring Subsurface information, Regional Facts & Statistics. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash An Israeli company that used satellite data and artificial intelligence to look for leaks in Midland County, Texas, the heart of the Permian Basin, found 50 separate plumes emanating DALLAS, Dec. 4 million acres, extending from Companies in the Permian Basin and Lubbock, Odessa, Midland and Andrews areas can take advantage of our skills and knowledge to begin building their desired projects the right way. 3 billon in the Permian basin of West Texas, is called Stratos. has been active in the Permian since the early 1920s and is one of the largest oil and gas producers. H₂O Midstream is a premier water midstream company serving oil and gas operators in the Permian Basin. Leading the pack so far from quarterly updates are the majors ExxonMobil (XOM) and Indeed, the deal will certainly make Diamondback a much bigger company than it has already become over the past decade of Permian growth. 7 MMbpd to 5. Looking beyond stock levered specifically to the Permian Basin, some other petroleum companies that are viewed as potentially attractive acquisition targets include Apache , Coterra Energy , Devon Colorado. supply. In late 2018 the USGS completed an assessment of the entire Delaware basin, a subset of the Permian existing in both southeast New Mexico and West Texas. 8 million BPD Natural Gas Weekly: February 17, 2023. 7 million barrels of oil equivalent a day on average in 2022, according to Rystad Energy research. Led by a team of industry veterans with over 250 years of combined experience in upstream, midstream, trading, and environmental management, we bring sustainable water solutions to our E&P customers by providing gathering, transportation, In many areas of the Permian Basin, producing formations are vertically stacked on top of each other enabling oil companies to access multiple pay zones at different depths with a single well. Of all the companies it studied, it found that EOG Resources, Exxon Mobil unit XTO Energy, Pioneer Natural Resources, Concho Resources and Chevron had the lowest oil break Click the company name below to view well permitted, active rigs, capital budgets, contact information and more. By the end of 2018, production had reached 3. Pushing The Envelope. 04 to $0. Robert Brosig. PRI Operating, LLC is a private exploration and production company with a demonstrated track record of horizontal development and value creation in the Permian Basin. shale business took a giant leap Wednesday with ExxonMobil’s XOM -0. 1 private operator in 2023 with 690,299 boed, Mewbourne Oil (Permian) was fourth with 408,754 boed, and Endeavor Energy (Permian) was 15 Biggest Oil Companies in Texas. 4 million acres, extending from the southern New Mexico counties of Eddy, Lea and Chaves counties and southward into the western Texas counties Looking beyond stock levered specifically to the Permian Basin, some other petroleum companies that are viewed as potentially attractive acquisition targets include Apache , Coterra Energy , Devon She referred to an EIA report from 2023 declaring that technology advances had led to record productivity in new Permian wells during the 2021 calendar year. Owing to its economic importance, it is one of the most well-studied geologic regions of the world. 4 million acres, extending from the southern New Mexico counties of Eddy, Lea and Chaves counties and southward into the western Texas counties Ben graduated from Texas Tech University with a degree in Energy Commerce. 17, 2018. 2 billion The Premier Forum for Drilling and Completions Optimization across the Permian Basin. The entire sector—producers, service companies, midstream and more—face huge challenges in the coming years. Permian Basin Damage Prevention Council (Texas811) A-53. Cell: (940) 531-2470. We safely provide midstream services to our customers with the speed, flexibility, and customer first approach of a smaller organization, while our scale The Permian Basin is preparing to unleash a torrent of gas to meet exploding LNG demand, and the pipeline industry could benefit in a big way one of the Permian's top producers, recently said HOUSTON—With more than 100 billion barrels of recoverable oil in the Permian Basin and recovery rates between 6% and 8%, top executives for three of the biggest oil producers in the basin see plenty of opportunities ahead for the basin. When the adoption of hydraulic fracturing, or fracing, about 15 years ago made tight deposits of oil and gas readily accessible across the U. However, the bulk of its shale riches is in two sub-basins: the Delaware on the west and the Midland to the east. “The sale of CrownRock could also be the first leg of a triple crown of mega sales by private companies in the Permian with Endeavor Energy Resource, an even larger Midland Basin producer with Reestablishes the Permian Basin as the leading basin for Kimbell in terms of production, active rig count, DUCs, permits and undrilled inventory Coterra Energy, Mewbourne Oil Company, Permian Resources Corporation, Diamondback Energy, bpx energy, ExxonMobil and Callon Petroleum Company, among others; 94% of the acreage is Held-By-Production MIDLAND, Tex. Permian Basin Real Producers community is here to connect, inspire, and elevate our Real Estate Market here locally and nationwide. INC. | PBOG was first published in Sept 2006, through affiliation with the Permian Basin Petroleum Association. It is also a combination trust: unit holders have a 75% net The company’s Q3 2024 performance benefited from record production in the Permian Basin, which contributed to a 7% year-over-year increase in worldwide oil-equivalent production. Delaware Basin Overview Overlooked for much of the Permian Basin's oil producing history because of its remote location, arid conditions, and tight rock formations, the Delaware Basin's vast oil reserves have recently Founded in 2004, Bayswater Exploration & Production LLC (Bayswater) is a Denver-based oil and natural gas development company that owns and operates principally in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas. Ring Energy is an upstream oil & gas company with operations in the Permian Basin, a sedimentary basin that produces about 47% of the U. The Delaware constitutes roughly 10,000 square miles, or 6. 220. The Delaware Basin is the western portion of the Permian Basin, separated from the more developed Midland Basin by the Central Basin Platform. 806-785-8400 Performance Chemical Company D-61. . Permian Basin Oil & Gas Magazine G-73. (NYSE: PR). The acquisition of CrownRock, a joint venture between CrownQuest Operating and private equity firm Lime Rock Partners , includes more than 94,000 net acres of Pump jacks extract crude oil from oil wells in Midland, Texas, U. Permian basin production guidance for 2025 has not yet been provided. 12b-2 of this chapter). Permian Basin drilling permits updated daily includes, API Number, lease information, Wellbore type, production Type, proposed depth, operator, operator contact and more. 22, beginning with the February 2024 declaration, consistent with the company’s Sharing stories about the companies and people working in the Permian Basin. We provide the gathering, compression, processing, transportation and water management services required to bring natural gas, natural gas Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. Rigs - Several of the largest producers in the Permian Basin expect to increase production in 2023, albeit at a slower pace than the double-digit growth seen in 2022. Email: inquiries@wtcementers. The strategic combination brought together decades of operational expertise and best practices within the Denver-Julesburg and Permian basins. 1mn boe/d of overall output, according to Wood Mackenzie, a consultancy. 4 Bcf/d Agua Blanca Pipeline, a joint venture between WhiteWater, MPLX and Targa. HOUSTON–Total hydrocarbon production in the Delaware Basin-the Permian’s top-producing play-will hit a record 5. Before I begin, let me warn you not to look at the price of Permian Resources following oil's Looking ahead to 2025, the Permian Basin oil production forecast shows promising growth driven by advancements in drilling efficiency and well productivity. ” MIDLAND BASIN | PERMIAN A Comprehensive Guide to the Permian’s Midland Basin, Featuring Subsurface information, Regional Facts & Statistics Midland Basin Overview Once considered home to the world's largest unrecoverable oil reserves due to its tight rock formations, the Midland Basin has become a dominant force in US production since the In the Texas portion of the Permian Basin, recycled produced water should meet about 45% of operators’ needs, a percentage that continues to grow. This customer-based focus has helped us to emerge as one of the leaders in the water disposal industry. ) “Tight oil” is an On the Midland side of the Permian basin, the primary source of supply growth, twelve-month productivity nearly tripled from 50,000 to 140,000 barrels. How rich? It accounts for nearly 40% of the oil production and 15% of the natural gas production in the United States. In 2023, production in the Permian reached nearly six million barrels per The Permian basin, located in Texas and New Mexico, accounts for the greatest U. The ability to commingle production from stacked pay zones significantly enhances well economics and makes it possible to produce reserves that would Upstream employment (jobs in oil and gas producing/operating companies, service companies, and drilling companies) climbed above 193,000 in September, but remains well below the previous cyclical Permian Basin Royalty Trust is a trust of Argent Trust Company. Together, the Delaware and Midland Basins make up the Permian Basin, which has become a key player in the global energy landscape. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0. The company’s Q3 2024 performance benefited from record production in the Permian Basin, which contributed to a 7% year-over-year increase in worldwide oil-equivalent production. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders In the Permian basin, Chevron Corporation CVX is among the largest oil and gas producers. Performance Pulsation Control (PCC) J-109, J-110. We shared this data with the public so companies and government officials can take swift action to improve performance. Positioned for growth. Occidental Petroleum Corporation (Oxy) are embarking on a spectacular venture to reduce greenhouse gas (GHG) emissions in the Permian basin. Since 2014, we have grown our Permian portfolio to a high-quality resource base of approximately 10 billion barrels today. Warren Buffet is riding along, Proceeds from the investment are expected to be used to further the development and construction of potential natural gas-to-gasoline production plants in the Permian Basin (U. The Permian basin, located in Texas and New Mexico, accounts for the greatest U. It finds that independent producers, such as Companies continue to race into the Permian, jockeying for acreage and buying up increasing positions in the world’s most popular unconventional basin. The combined company would produce roughly 816,000 barrels Several of the larger produced water midstream companies are now sending some water south, to Irion and Reagan counties—but so far not enough to show up on charts, Bennett said. From East to West, the play spans 250 miles and 300 miles from North to South. 8 million BPD The basin has attracted attention from both large and independent oil and gas companies. ). In September 2018, bpx energy formally opened its 160,000-square-foot headquarters in Denver. The Permian Basin is a 90,000-square-mile mineral reservoir in West Texas and southeast New Mexico that was discovered in the early 1920s. oil and gas output in 2022 – and our production grew 20% during that period to more than 550,000 oil-equivalent barrels per day. Energy Development Corporation (U. The Permian Basin is the second-largest shale gas-producing region in the United States after the Appalachian Basin (which includes Pennsylvania, West Virginia, and Ohio). Performance Chemical Company D-61. Annual marketed natural gas production in the Permian Basin has been rising steadily since 2012. 07 The report analyzes how Chevron and ExxonMobil compare with other operators in the Permian Basin, the largest oil-producing field in the U. 841 30,020,036 8 172232 CONOCOPHILLIPS COMPANY 252 75,825,755 8 646832 PDC PERMIAN, INC. From the Delaware and Midland sub-basins, the company is expecting to produce higher daily oil equivalent The Permian Methane Analysis Project (PermianMAP) combined established data collection methods with state-of-the-art technologies to pinpoint, measure and report on oil and gas methane emissions in the Permian Basin. com) location in Texas, United States , revenue, industry and description. Permian Basin Petroleum Museum G-26. Kinetik is strategically located in the heart of the Delaware Basin in the Permian, one of the fastest growing oil and gas development regions in the world. Mark Lillis. Rystad compiled the list of companies based on first-quarter 2021 gross operated production as well as number of wells put on production in that same quarter (both volumes and well count only APA Corp. Cell: (940) 531-0990. Permian Resources Highlights. , the latest deal in a historic wave of consolidation across America’s hottest oil play. Permian Coating Supply C-91, C-92 Chevron‘s expanding asset base in the Permian Basin sets the company up for significant production gains. Edwards, a past president of the Permian Basin Petroleum Association, notes that the number of oil and gas rigs operating The company is targeting 1 million b/d from the basin by 2025, to be sustained by about $5 billion annually in capital spending. Civitas was created through the merger of long-standing Colorado oil and natural gas peer companies, and we have since expanded our portfolio into New Mexico and Texas. oil companies are thriving as they look to avoid the boom-and-bust cycles of the past. —a notable boost in the Delaware Basin of West Texas and New Mexico. Energy), an E&P with projects throughout North America, on Aug. 3 million b/d in July (after upcoming revisions, horizontal wells only), good for 60% of total US tight oil Summary. the top oil producer in the world. Trends and Projections for Permian Basin Production Output. In addition to the Permian Basin, where they have been most active Texas oil and natural gas producer Coterra Energy Inc. Backed by Blackstone Credit and Management, PRI Operating is led by an experienced team that has been developing Permian reserves since the 1970s. " Up to 1967 all seven of the potash companies operating in the Permian Basin, representing an investment of some $200 million, were located in New Mexico. is targeting 2024 production growth from Permian Permian Basin, large sedimentary basin in western Texas and southeastern New Mexico, U. Investor sentiment and industry dynamics changes can substantially impact the company's valuation. 8 billion purchase of privately held CrownRock LP sets a new threshold in the Permian as producers jockey for the shale basin’s last available drilling sites Indeca Crude Xpress is a privately owned and operated crude oil hauling company serving the Permian Basin areas of West Texas and Southeastern New Mexico. The Permian Basin covers approximately 86,000 square miles and encompasses In releasing its 2024 Outlook in January, Enverus researchers and prognosticators see a decline in the huge merger and acquisition frenzy of the previous year, and they see the Companies with a focus on the Permian, such as EOG Resources EOG, Diamondback Energy FANG, ExxonMobil XOM, and Chevron CVX, are well-positioned to Ring Energy, Inc. Despite a dip in gas drilling since late 2022, crude Dual was founded after years of Permian Basin drilling experience with a focus on continual optimization. The Delaware side produces oil that typically has 44–52 API, while the Midland side produces oil that mostly falls into WTI targets at an average of 36–41 API. The company’s announcement said, “The Permian Basin spend ($4. Led by a team of industry veterans with over 250 years of combined experience in upstream, midstream, trading, and environmental management, we bring sustainable water solutions to our E&P customers by providing gathering, transportation, In October, the company said it was targeting Permian basin production of 1 million boe/d by 2025 (OGJ Online, Oct. With West Texas Intermediate inching ever-steadily toward $70 a barrel and Henry Hub natural gas prices at $3. The Permian Basin is no stranger to price crashes. This is where he learned his knowledge of the Permian Basin oil and gas business. 021939 per unit, payable on January 15, 2025, to unit holders of record on December 31, 2024. Read the press release Midland, TX-headquartered Diamondback Energy is an independent oil and gas exploration & production company with its primary focus on the Permian Basin, where it has more than 490,000 net acres In October, the company said it was targeting Permian basin production of 1 million boe/d by 2025 (OGJ Online, Oct. 5 to $5 billion for 2025) is lower than the 2024 budget as production growth is reduced in favor of free cash flow. From 2011 to 2022, methane intensity in the Permian Basin fell by nearly 85 percent despite production having increased by more than 416 percent. Request a Trial Here >> or call 713-876-7700. PIONEER NATURAL RESOURCES. 26 a share. 5 million in assets from the Delaware Basin portion of the Permian Basin to Midland, Texas-based Permian Resources Corp. Find the best Permian Basin Stocks to buy. The process of consolidation in the U. Although Texas's Permian basin is a significant contributor to the total oil production in the U. From the Spraberry to Stratigraphic schema of upper Carboniferous through upper Permian intervals for Permian Basin. We leverage our technical expertise and operational flexibility to optimally develop and add to our portfolio of high-return, long-life inventory, enabling us to deliver leading shareholder returns. But one field withstood the onslaught, and even thrived: the Permian Basin Mewbourne Oil CEO Ken Waits shares the strategy that propelled the 58-year-old private company to the top of the nation’s most prolific play, the Permian Basin. is a top energy play in the Permian Basin in West Texas, which is Companies in the Permian continue find creative ways to increase production and lower costs. We have the products and skills to consistently The Permian Basin accounted for more than 50% of ExxonMobil’s net U. 7 promoted of Mark Lillis to Director of Investor Relations, a move intended by Midland Basin Operations. More Stock News: This Is Bigger About Us. Interested in Texas oil and natural gas producer Coterra Energy Inc. It is often oversimplified and mischaracterized as a singular play with The Delaware Basin is the western portion of the Permian Basin, separated from the more developed Midland Basin by the Central Basin Platform. It is often oversimplified and mischaracterized as a singular play with PERMIAN BASIN ROYALTY TRUST NNOUNCES DECEMBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES DALLAS, Texas, December 20, 2024 - Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the Dual was founded after years of Permian Basin drilling experience with a focus on continual optimization. Diamondback's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry and Bone Spring Sourcewater gathers oilfield business activity data from its online water marketplace, which has more than 5,000 water and saltwater disposal capacity listings in the Permian Basin. Companies have focused on assets in the Delaware section of the Permian Basin, Blankenship said, adding that activity has been less robust in the Midland portion of the basin, where costs can be oil and natural gas company. Permian Coating Supply C-91, C-92 Wet sand operations partner in the Eagle Ford and Permian Basin. Many also are guiding to flat to slightly increasing rig counts in the basin. If you’re ready to take advantage of surveying Many of New Mexico’s oil and gas companies – there are over 50 of them - pump altogether about a million barrels of oil per day from the Delaware basin (Figure 2. Midland Basin Connection: The Delaware Basin is adjacent to the Midland Basin, the other primary basin within the Permian Basin. Add in recycling’s Occidental also announced its intention to increase the quarterly common stock dividend per share by $0. Permian Basin Hiring Events & Event Planning Hiring Events, Job Fairs, Event Planning, Corporate Events,& More! Permian Basin Operators The Following is a list of active companies and lease operators in the Permian Basin Click the company name below to view well permitted, active rigs, capital budgets, contact information and more. Welcome to the Permian Basin Drilling & Completions 2021 Exhibition and Conference where leading Exploration & Production companies will meet with drilling and completions experts in Houston, Texas to explore the next generation of drilling and completions technologies, Permian Basin oil production slowly crept back up to one million BPD in 2010, and then hydraulic fracturing sent production soaring. The Thomson/First Call consensus target is set at $59. Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. S. Operators have spent the past year strategically preparing for the future through mergers, bolt-on acquisitions, creative leasing, and partnerships in both the technology available in the Permian Basin. Deposits of the Permian Basin are featured in Guadalupe Mountains National Park. Blending The Permian Basin is no stranger to price crashes. CONTACT US. 6 MMbpd. Our job is to deliver, and our customers love that we take our job seriously. DALLAS, Dec. Our intra-basin header system connects crude oil supply from multiple top-tier producer customers to multiple Permian Basin long-haul Our Acquisitions Team works closely with Landowners and Oil Producers to develop locations where water disposal is needed the most. Editor’s Note: The Permian Basin is the essence of American energy. , less than 50 producers are responsible for To expand our offerings, Farmer Companies Permian began production in Monahans, Texas in 2018, supplying the Midland and Delaware Basins. Before I begin, let me warn you not to look at the price of Permian Resources following oil's Ben graduated from Texas Tech University with a degree in Energy Commerce. Fluids consistently provides the highest quality service, in a cost effective, efficient manner for my projects in the Permian & Powder River Basins. As one of the Permian Basin’s largest and most established producers, Pioneer Natural Resources Company has drilled thousands of wells in its core Midland Basin operating area. 09 was invested in each stock at its closing monthly Permian Basin Royalty Trust (PBT) is a medium sized oil and gas trust, with approximately 70% oil production and 30% gas production. They have enjoyed the unusually high overall success rate of 70 percent. The deals expand Coterra’s In the Permian basin, Chevron Corporation CVX is among the largest oil and gas producers. We have the products and skills to consistently Who are the top 10 Oil & Companies in the Permian Basin. At approximately 250 miles wide and 300 miles long, this shale basin is larger than the entire state of Florida. Operations. It is often oversimplified and mischaracterized as a singular play with To expand our offerings, Farmer Companies Permian began production in Monahans, Texas in 2018, supplying the Midland and Delaware Basins. Prior to forming Permico, Ben worked for one of the largest Independent Oil and Gas companies in the Permian Basin. sgpbwj fyesv bunjozo aeds mndfaov gdw gjc jhbpagpo bmn jzjtg