March 6th, 2017 and is filed under Company News
It is estimated that the Dakota Access Pipeline will generate more than $100 million in tax revenue annually for North Dakota. In addition to the oil taxes, North Dakota looks to rake in another $10 million each year in property taxes from the Dakota Access Pipeline. North Dakota is one of the leading states in […]
February 14th, 2017 and is filed under Company News
Texas is the top oil producing state in the country and the Permian Basin remains the top tight oil producing basin in the U.S. According to a recent EIA report, “Production in Texas, the largest oil-producing state, is driven by two major oil-producing regions, the Permian and the Eagle Ford. As defined in EIA’s Drilling […]
February 9th, 2017 and is filed under Company News
Bloomberg Gadfly released an article earlier this month delving into the breakeven crude prices of North American shale basins. While it was not news that OPEC nations will enjoy, for U.S. shale investors, it is a welcome development. The main takeaway from the article was “breakeven oil prices for North America’s shale basins and the […]
February 6th, 2017 and is filed under Company News
In 2016, land acquisition deals in the Permian Basin topped $28 billion, which more than tripled deals struck in 2015. This makes Permian Basin land the most sought after oil and gas land in the world. The Permian Basin is unique in that it was a productive area for crude oil long before the shale […]
February 1st, 2017 and is filed under Company News
TGS has begun its 3D seismic survey in the Delaware Basin of the Permian Basin. This high resolution survey will assist in the evaluation and development of multiple areas of the Permian, including the coveted Wolfcamp shale. TGS is an international provider of geoscience data to oil and gas exploration and production companies. According to […]
January 23rd, 2017 and is filed under Company News
Oil acquisitions of more than $31 billion have been announced since November of 2016, boosting investor confidence that a recovery is in the works. ExxonMobile and Noble Energy set their sights on the Permian Basin to the tune of $10 billion in acquisitions.
January 17th, 2017 and is filed under Company News
Oil field jobs are on the rise following an increase in rig count and drilling activity in the United States. This could signal that a recovery for the oil industry may be coming in 2017.
January 13th, 2017 and is filed under Company News
“2017 will demonstrate how efficient the oil and gas industry has become; showing projects in better shape all round,” said Malcolm Dickson, a principal analyst for Upstream Oil and Gas for Wood Mackenzie. Dickson went on to say, “We’ve just come through two years of gloom and lots of costs cutting and now we are […]
January 10th, 2017 and is filed under Company News
Great news for Texas oil investors – Texas oil land deals account for around 40% of all the U.S. oil and gas land deals in 2016. This is up from only 7% in 2011, making the Permian Basin the most sought-after oil and gas land in the world. IHS Markit reported that spending on Texas […]
January 4th, 2017 and is filed under Company News
Channel 5 News out of Dallas/Fort Worth posted a recent article lifting expectations of a strong 2017 for west Texas oil, specifically Permian Basin oil. The article quotes industry leaders Joseph Triepke the founder of Dallas-based research firm Infill Thinking, Jodi Quinnell manager of crude analytics for the energy intelligence firm Genscape, and numerous others. […]