Permian Basin

Permian Basin Exclusives

Crude Oil Gas Outlook The New Bullish

For crude prices to average $50 to $52 in 2017, OPEC must extend quotas and maintain compliance, and demand must increase, according to a report.

The API gravity for extracted crude varies across states, the U.S. Energy Information Administration said.

Permian Basins $21 Billion Haul Leads Record First-Quarter Acquisition Divestiture Activity

However, sellers’ value expectations may lead to a widening of the bid-ask spread, PwC said.

Permian - Texas Drilling Permits Trends

7 Day Trend0 (0)
30 Day Trend0 (0)
1 Year Trend2932 (-2204)
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Permian Basin Gross Acreage

 
CompanyNet Acreage
Occidental2,500,000
Apache1,700,000
Chevron1,500,000
Pioneer Natural Resources680,000
All Top Acreage Holders