Permian Basin

Permian Basin Exclusives

US, shale, gas, production, decline, fall, September, EIA, Marcellus, Utica, rigs, legacy, wells

Of the major shale plays, the Utica is expected to show gas production increases in June, July and August, the EIA said. Though by September, production in the play will also start to slip.

Parsley Energy, EnergyNet, Permian, acreage, A&D

Parsley comes out of the second quarter with 12,000 fewer acres but adds more drilling locations and longer horizontal laterals. However, its increased spending may turn off investors.

 

Permian Basin, WPX Energy, megadeal, A&D, RKI Exploration, divestments, M&A

WPX Energy is nearing a close to its $2.8 billion Permian deal, with the company saying it intends to wrap up the deal before the end of August.

 

Permian - Texas Drilling Permits Trends

7 Day Trend24 (-96)
30 Day Trend392 (-76)
1 Year Trend7955 (-1889)
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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