Tag Archives: Permian Basin

Top producers invest in west Texas but insist Colorado’s D-J Basin still has room to run

Drilling in Colorado is funding exploration in the Permian Basin By ALDO SVALDI – The Denver Post – August 28, 2016 PDC Energy last week said it plans to invest $1.5 billion in the Delaware Basin in west Texas — money it won’t … Continue reading

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OPEC is now effectively dissolved – BofA

By Ambrose Evans-Pritchard, The Telegraph – Aug 5, 2015 Saudi Arabia may go broke before the US oil industry buckles It is too late for OPEC to stop the shale revolution. The cartel faces the prospect of surging US output … Continue reading

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U.S. shale oil output to fall in May, first drop in 4 years -EIA

(Reuters) – Oil production from the fastest-growing U.S. shale plays is set to fall some 45,000 barrels per day to 4.98 million bpd in May from April, the first monthly decline in over four years, projections from the U.S. Energy … Continue reading

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ConocoPhillips plans to spend less in 2015 as crude slides

BY SWETHA GOPINATH – Reuters – December 8, 2014 (Reuters) – ConocoPhillips said its 2015 capital budget would be 20 percent, or about $3 billion, lower than this year’s, the biggest spending cut by a U.S. oil and gas producer in … Continue reading

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