Permian Basin

Permian Basin Exclusives

oil tax, Obama, price, commodity, climate change, Republican, Congress, election

President Barack Obama is proposing to pay for clean energy investments by placing a $10 per barrel oil fee as the industry grapples with low prices. Congressional leaders said the plan is dead on arrival.

A&D, Devon, Encana, RBC, Craig Lande, 2016, oil, gas

Craig Lande, managing director at RBC Richardson Barr, says A&D will be different in 2016: capital markets are tightening, 20% of production is hedged and demand is hopelessly outmatched by supply.

OFS, M&A, Trican, Keane Group, oilfield services, Bakken, Eagle Ford, Permian

Keane said it will purchase the U.S. assets of Trican Well Service, Canada’s largest pressure pumper, and expand its presence in the Midcontinent, Permian, Bakken and Utica/Marcellus shale plays.

Permian - Texas Drilling Permits Trends

7 Day Trend88 (+5)
30 Day Trend370 (+49)
1 Year Trend5388 (-5744)
View Permits

Heard In The Field

836

Some Operators Revert to Vertical Wells

Well Stimulation/Pressure Pumping
841

DUC Backlog Rising In Region

Downhole Completions
851

Service Providers See Bottom Early 2016

Workover/Well Service

Permian Basin Service Companies

Permian Basin Gross Acreage

Company Net Acreage
Occidental 1,765,000
Pioneer 900,000
Apache 850,000
Devon Energy 644,000
All Top Acreage Holders