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Tag Archives: Delaware Basin

Noble Energy to acquire Clayton Williams Energy

rig count

With a recent Permian Basin acquisition worth around $6 billion, Exxon Mobil isn’t the only oil and gas company making waves in the new year. Noble Energy announced Jan. 16 it plans to acquire Clayton Williams Energy for $2.7 billion in Noble Energy stock and cash. The Noble Energy press release notes the acquisition will advance the companies goals within the ...

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Oil industry headlines from around Texas

Texas oil, pumpjack

From budget cuts to oil spills, here is the news from the Texas oil and gas industry this week. Oil spill photos are finally visible to the public Photos taken by the Civil Air Patrol of flood-related oil spills are now available to the public online, rather than requiring a login and password for the University of Texas website. The ...

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Anadarko Wolf Camp opens in West Texas

West Texas, Anadarko man camp,

The first worker arrived at the new Anadarko Wolf Camp last week in Loving County, Texas. The 77,180-square-foot facility, built by Target Logistics, is exclusive to Anadarko employees and contractors. The Wolf Camp goes against the perception of crew camps turning into ghost towns. While oil and gas companies have cut billions of dollars from their budgets, Anadarko remained willing ...

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Anadarko to build man camp in West Texas

Anadarko to build man camp in West Texas

Anadarko Petroleum will open a new housing facility in West Texas near El Paso, according to the Houston Business Journal. The 77,190-square-foot man camp, located in Mentone, will be able to support 200 Anadarko employees and contractors, according to Target Logistics. The facility will include a basketball court, movie theater, game room, laundry facilities and a convenience store. A ribbon-cutting ...

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Anadarko reports $1.25 billion loss in 4Q

Anadarko reports $1.25 billion loss in 4Q

Anadarko Petroleum posted a loss of $1.25 billion in the fourth quarter. The Texas-based company plans to slash nearly half of its budget next year as it weathers plunging oil prices. For the year, Anadarko posted losses of $6.69 billion, or $13.18 per share. Anadarko CEO Al Walker said the company’s decision not to expand drilling programs in 2015 paid ...

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Devon Energy to cut back rigs

devon energy

CARLSBAD – Despite showing increasing production, Devon Energy plans to operate on 13 rigs for 2015, as compared with more than 20 rigs last year. Devon Energy announced it’s earnings for 2014 on Tuesday, along with a brief summary of what the company is planning for 2015. “Drilling activity will be centered in the Delaware Basin where Devon expects to ...

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Operators factoring steep oil price decline into 2015 plans

A $40 decline in crude prices since their summer peak above $100 has injected some uncertainty into oil gas producers’ activity plans for 2015. Apache Corp. recently announced it has cut its 2015 budget to $4 billion. But the company has increased the portion earmarked for its Permian Basin operations to 55 percent. Concho Resources said it is monitoring commodity ...

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Oil Show: C&J Energy expanding, seeks 45K eyes of the oilshow

The oilfield services workers of C&J Energy Services want the oil-show to help them keep their name in any conversation about major fracking companies of the Permian Basin. Because by the time the show begins Tuesday, regulators are expected to be close to signing off on their $2.68 billion acquisition of Nabors Industries’ completion and production arm. The deal will ...

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Targa Resources to add processing capacities to Permian and Bakken

The Houston-based oil and gas company Targa Resource Partners LP is planning to expand its natural gas gathering and processing capacities in the Williston and Permian basins, according to a report from the Oil and Gas Journal. The company will be building a cryogenic gas processing plant capable of processing 300 million cubic feet per day (MMcfd), as well as ...

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Concho continues plan to double production within three years in Permian Basin

pump

Zack Ponce | Carlsbad Current-Argus CARLSBAD — Concho’s plans to double its development in the Permian Basin has already shown results for the company. And some job-seekers may be seeing the results soon, too. Concho’s “two-by-three growth plan” was implemented this year to double the oil company’s production in the Permian Basin within three years. “For Concho, the goal is ...

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