permian in A Sentence

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    The Permian basin.

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    Rising land prices in the Permian may be offsetting such worries.

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    Cowen noted the count in the Permian, the nation's biggest shale oil basin, was flat week-over-week.

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    Shares of Apache Corp, which also has extensive acreage in the Permian Basin, rose 2 percent, while Pioneer Natural Resources Co jumped 10 percent.

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    Chazen's former company, Occidental, is the Permian's largest oil producer, but that company bought much of its acreage years ago before land prices spiked.

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    Those investments are now paying off as production levels rise and soaring land costs in the Permian have producers looking to other fields for expansion.

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    Occidental Petroleum Corp, another company with assets in the Permian, bid more than $70 per share for Anadarko and is now considering options, sources said.

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    More than half the total oil rigs are in the Permian basin in west Texas and eastern New Mexico, the nation's biggest shale oil field.

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    More than half of the total oil rigs are in the Permian Basin in West Texas and eastern New Mexico, the nation's biggest shale oil field.

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    Production should rise this year 8 percent to 12 percent, much of that in the Permian Basin of West Texas and New Mexico, the largest U.S. oilfield.

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    The tolerance of modern animals to high temperature and low oxygen is expected to be similar to Permian animals because they had evolved under similar environmental conditions.

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    Occidental and Chevron are locked in the biggest oil-industry takeover battle in years as they eye Anadarko's prized assets in West Texas' huge Permian shale oil field.

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    For the quarter ended Sept. 30, Resolute's production from the Permian basin jumped more than 50 percent to 3,197 barrels of oil equivalent(boe) per day, over last year.

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    For the quarter ended Sept. 30, Resolute's production from the Permian basin jumped more than 50 percent to 3,197 barrels of oil equivalent per day(boe/d) over last year.

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    Analysts expect flows to rise further as three new pipelines from the Permian Basin to the U.S. Gulf Coast begin full service in the first half of 2020.

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    All are expanding drilling and acquisitions, particularly in the Permian Basin of West Texas and New Mexico, the largest US oilfield and the centre of the shale revolution.

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    Output from the Permian has come under pressure in recent months as oil prices crashed and a production surge there outpaced pipeline capacity, trapping barrels in the region.

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    Magellan Midstream Partners, which operates key pipelines from Texas's Permian Basin to the Gulf, expects to spend more than $1.7 billion in the next two years on construction projects.

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    Deserts have probably never been so extensive on earth as they were during the Permian period, the last phase of the Paleozoic era, some 290 to 245 million years ago.

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    All are expanding drilling and acquisitions, particularly in the Permian Basin of West Texas and New Mexico, the largest U.S. oil field and the center of the shale revolution.

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    Magellan Midstream Partners(MMP. N), which operates key pipelines from Texas's Permian Basin to the Gulf, expects to spend more than $1.7 billion in the next two years on construction projects.

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    Exxon said its fourth-quarter Permian production was 300,000 barrels of oil and gas per day, up 93 percent from a year ago and up 12 percent over the third quarter.

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    Occidental and Chevron, two of the largest oil and gas producers in the Permian by production volumes, argue they can best squeeze more oil from Anadarko's 240,000 acres(97,120 hectares)in the area.

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    Oil well productivity in Texas's Permian basin- the country's largest oil field- is falling, and the number of drilling rigs operating in the United States has declined for six straight weeks.

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    Also a Permian operator, said in a presentation earlier this month that it has earmarked more than 95 percent of its STACK budget for Meramec although it did not disclose dollar values.

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    Oil well productivity in Texas's Permian basin- the country's largest oil field- is falling, and the number of drilling rigs operating in the United States declined for six straight weeks before rebounding this week.

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    It sits on the U.S. Gulf Coast near two of the nation's largest oilfields, the Permian Basin and Eagle Ford shale, which together produce about 4.7 million bpd, nearly half of the total U.S. production.

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    Under a business-as-usual emissions scenarios, by 2100 warming in the upper ocean will have approached 20% of warming in the late Permian, and by the year 2300 it will reach between 35- 50%,” said Penn.

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    The Permian, now producing 3.85 million barrels per day, is forecast to generate 5.4 million barrels per day by 2023, greater than any single OPEC member other than Saudi Arabia, according to consultancy IHS Markit.

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    Oil and gas producer Cimarex Energy Co said on Monday it would buy smaller rival Resolute Energy Corp in a deal valued at $1.6 billion, including debt, adding more assets in the shale-rich Permian Basin.

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