Posts tagged as:

permian basin

U.S. Oil Production on the Rise – ND Leads the Pack

by Kenneth E. DuBose on January 31, 2012

U.S. oil production has experienced a more than 30% decline over the past 50 years. Compared to natural gas that has blossomed since the dawn of the boom in the Barnett Shale, that’s a stark difference. The primary reason for the delay is oil is just beginning to bear the fruit of technology application. From […]

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Texas Dominates the U.S. Rig Count

by Kenneth E. DuBose on September 27, 2011

The Texas rig count leads the next largest state in the U.S. by more than 700 rigs. That’s a lead of 700 in a market that is less than 2,000 rigs. The state employs almost 400 more rigs than the entire country of Canada. That’s why “oil & gas” and “Texas” are synonymous. You simply […]

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Frack Water Recycling Increasing With Texas Drought

by Kenneth E. DuBose on September 7, 2011

Frack water recycling is on the rise as operators face rationing in the worst drought in decades. Texas also has a wildfire problem to contend with. The state needs rain! That’s the only way to say it. The drought is straining more than oil & gas operations in the state. Looking for the silver lining, […]

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Oil Drilling Outpaces Natural Gas Drilling in the U.S.

by Kenneth E. DuBose on August 18, 2011

The oil rig count has surpassed the natural gas rig count in all polls and don’t expect that to change without higher natural gas prices. We’re experiencing a renaissance in oil drilling that might create hundreds of thousands of jobs and grow U.S. oil production by millions of barrels per day over the next decade. This is the […]

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Eagle Ford Shale and Marcellus Shale Boost TX and PA Jobs

by Kenneth E. DuBose on July 27, 2011

The Marcellus Shale, Eagle Ford Shale and West Texas’ Permian Basin should be thanked for the number of jobs that have been created over the past few years. Texas accounts for close to half of the net new jobs created since the recession began in 2007. Pennsylvania comes in third behind New York and then […]

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Encore Energy Partners and Vanguard Natural Resources are set to expand operations in West Texas.  The companies made $42.5 million acquisition in oil producing properties. “Encore Energy Partners LP (NYSE: ENP) (the “Partnership” or “ENP”) today announced it has entered into a definitive agreement to acquire an undivided fifty percent interest in producing oil and gas […]

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BreitBurn Energy Sell Permian Basin Assets

by Kenneth E. DuBose on April 21, 2009

BreitBurn Energy sold $23 million of non-core Permian Basin oil producing property to a private buyer. The proceeds will be used to pay down BreitBurn Energy’s debt. [Read More]

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