Look at West Texas' Permian Basin and you see a vastly different story from other oil-producing regions. With unmatched economics, robust midstream infrastructure and layer upon layer of productive formations, the Permian Basin has become a lightning rod of activity (and profit) for producers and investors alike. According to Oil and Gas Investor, in 2016, the region has seen more than 25 deals of at least $20 million, for an estimated total of $12.3 billion. In the past 30 days alone, Midland and Delaware Basin transactions have accounted for $6 billion.
How can you get in on the action? Hart Energy's 22nd annual Executive Oil Conference, scheduled November 7-8 in Midland, TX, brings the region's top E&P companies, technology providers, energy investors and industry experts together for targeted conference and networking sessions. Hear directly from 15+ executive-level speakers, explore solutions from 50+ exhibitors and spend over 9 hours making valuable networking connections.
Plays covered: Wolfcamp, Spraberry, Bone Spring, Leonard, Avalon, and Yeso
US And Canadian Native Tribes Form Alliance To Halt Oil Pipelines Aboriginal tribes from Canada and the northern U.S. signed a treaty on Sept. 22 to jointly fight proposals to build more pipelines to carry crude from Alberta's oil sands, saying further development would damage the environment.The treaty came as the politics around pipelines have become increasingly sensitive in North America, with the U.S. Justice Department intervening last week to delay construction of a contentious pipeline in North Dakota.The Treaty Alliance Against Tar Sands Expansion was signed by 50 aboriginal groups in North America, who also plan to oppose tanker and rail projects in both countries, they said in a statement.
UK Will Receive First Shipment Of Gas Hydraulically Fractured In US The first shipment of natural gas hydraulically fractured from U.S. shale will arrive in Britain next week, increasing pressure on Scotland to reassess its opposition to fracking.Chemicals giant Ineos will be importing ethane, obtained from rocks fractured at high pressure, in a foretaste of larger deliveries of LNG from U.S. shale set to reach Europe in 2018.The shipment of ethane, used to make plastics, antifreeze and detergents, will arrive in Scotland's Firth of Forth on Sept. 27, accompanied by a lone Scots piper at sunrise, the company said.