Business:

Oxy Sells, Buys Permian Acreage

Houston-based Occidental Petroleum (Oxy) said June 19 that it sold some of its holdings in the Permian Basin and used the proceeds to add to its acreage position in another area of the Permian in…

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Chevron CEO Expects Permian to Thrive for a Long Time

Chevron opened its bright new copper-colored Midland campus to its stockholders on Wednesday for its annual meeting in the heart of what is one of its most significant areas of operation. As other producing basins…

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Oxy Tests Supertanker at Port of Corpus Christi

A mammoth tanker docking May 26 at the Port of Corpus Christi was a historic event and a successful test. A 1,093-foot-long EuroNav tanker named the Anne docked at Occidental Petroleum Corp.’s crude oil export…

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Lonestar Resources Acquires Eagle Ford Properties for $115M

Lonestar Resources is significantly adding to its assets in the Eagle Ford Shale with the help of a Houston investment company. The Fort Worth-based producer announced Tuesday that it has reached agreements to acquire properties…

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U.S. Rig Count Soars by 16 to Over 900

The U.S. drilling rig count rose by 16 during the week to  901, oilfield services firm Baker Hughes said on May 19. It was the 18th consecutive gain for the closely-watched weekly rig count. Over the…

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Startup Led by Former Range Exec Buys Permian Acreage

A Fort Worth startup, Chisholm Energy Holdings, announced its first asset acquisition Tuesday in the New Mexico region of the Permian’s Delaware Basin. Formed in May 2016 and led by former Range Resources executive Mark…

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