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The Latest Breaking News from Permian

America is going through an oil boom — and this time it's different

Business is pretty good in America's busiest oil patch. Prices are high enough to turn a profit and then some. But instead of going wild, producers have been aiming for something new: Discipline.

WEKU

U.S. Permian Basin oil production — and profits — have surged

President Biden has been asking for more oil. Producers now think prices will be high enough for the next several years to justify it.

Axios

EPA moves away from Permian Basin air pollution crackdown

The oil industry pushed hard against the proposal to issue an ozone nonattainment designation, which would have required that companies reduce oilfield emissions.

The Texas Tribune

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EPA Backs Down from Permian Air Pollution Crackdown

Oil sector advocates pushed hard against an ozone nonattainment designation, which would have required oilfield emissions reductions.

Texas Observer

Texas oil patch gears up for more growth and spending with the Permian leading the way

What a difference a few years make in the Texas oil patch.

Tribune News Service

To ease looming West Texas water shortage, oil companies have begun recycling fracking wastewater

Oil and gas companies are increasingly reusing “produced water” as West Texas aquifers are being depleted and the practice of injecting wastewater into disposal wells triggers more earthquakes.

The Texas Tribune

Texas natural gas drops toward zero as output swamps pipelines

Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel.

Tribune News Service

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Texas’ oil and gas industry will produce “massive amount” of toxic wastewater with few reuse options, study finds

Oil and gas companies produce 3.8 billion barrels of wastewater per year in the arid Permian Basin. A state consortium is trying to figure out whether it can be reused.

The Texas Tribune

EPA announces flights to look for methane in Permian Basin

The Environmental Protection Agency says it will conduct helicopter overflights to look for methane “super emitters” in the nation’s largest oil and gas producing region

The Independent UK

Hidden Menace: Massive methane leaks speed up climate change

New aerial surveys show that massive amounts of methane are venting into the atmosphere from oil and gas operations across the Permian Basin

The Independent UK

$US fracking boom could tip world to edge of climate disaster$

US fracking boom could tip world to edge of climate disaster

140bn metric tons of planet-heating gases could be unleashed if fossil fuel extraction plans get green light, analysis shows

The Guardian - US

Why BofA Initiates Kinetic Holdings With Buy Rating

Kinetik Holdings Inc (NASDAQ: KNTK) is strong growth and free cash flow story, given its ownership in the Permian natural gas takeaway and latent processing capacity, according to BofA Securities.

Benzinga

Permian Basin: high oil price breathes new life into US shale

The 2020 price drop almost killed the US industry, but oil production is at record levels despite political pressure

Financial Times

Schlumberger Q4 Earnings Beat, Sees 'Favorable' 2022 Macro Fundamentals

U.S. rig counts are up by 228 vs. a year ago to 601, as Permian Basin output hits a record. That's good news for oil service giants Baker Hughes and Schlumberger.

Investors Business Daily

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