Permian Basin Tag

Recent upward momentum in the US shale oil market is set to continue with production projected to rise for the fifth straight month, according to a forecast from the US Energy Information Administration (EIA). The EIA’s latest drilling productivity report has projected that production across the...

NAmerico Partners LP is mulling over a multi-billion dollar pipeline to transport natural gas from reserves in West Texas over to the Gulf Coast. The proposed pipeline would be the first major project by NAmerico, which was established in 2014, and would ease the mounting oversupply...

Royal Dutch Shell (LSE:RDS) and Anadarko Petroleum Corp (NYSE:APC) are in discussions regarding the termination of a 10-year joint venture in the Permian Basin of Texas. The separation would split each firm’s properties in the oil-rich basin, allowing them to drill and develop new wells at...