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ExxonMobil Continues To Increase Wolfcamp Position In Permian Basin

2014-09-22 12:56:29| chemicalonline News Articles

Exxon Mobil Corporation recently announced it entered into a non-monetary exchange agreement with LINN Energy, LLC to add 17,800 net acres in the Permian Basin to its U.S. oil and natural gas portfolio managed by subsidiary XTO Energy Inc.

Tags: position increase continues basin

 

Exxon grabs more Permian shale

2014-09-19 17:33:05| Chemicals - Topix.net

Exxon Mobil said it added to its portfolio in the Permian shale basin in Texas in exchange for a portion of its field operations in California. Exxon under the terms of a non-monetary exchange with LINN Energy gets 17,000 net acres in the Permian basin in exchange for 500 acres at its Belridge field in California.

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Callon Petroleum: Fast Growing Permian Play Selling At A Big Discount

2014-09-12 10:29:28| Oil & Gas - Topix.net

I recently added shares in my stake in fast growing Permian play Callon Petroleum after the stock had a big pullback earlier this week due to a secondary offering. The proceeds from the offering will be used to pay for a recent purchase that will substantially boost Callon's production and reserves.

Tags: big play fast growing

 

Study: Permian Basin oil boom has sizable economic impact on Lubbock

2014-09-05 08:03:07| Oil & Gas - Topix.net

A new report co-authored by Bradley Ewing, professor of energy economics at Texas Tech, analyzes the economic impact of the recent oil and gas boom in the Permian Basin. According to the report, titled "Economic Impact of the Permian Basin's Oil and Gas Industry," the oil and gas business has created and sustained more than 546,000 jobs and produced an economic output of about $137.8 billion.

Tags: study impact economic oil

 

Occidental building 600-employee office to serve West Texas' Permian Basin

2014-08-27 00:36:03| Oil & Gas - Topix.net

Occidental Petroleum Corp. broke ground Tuesday on a new 600-employee office complex in Midland that will serve as the center of the company's oil-and-gas operations in the Permian Basin in West Texas.

Tags: office west building serve

 

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