Business:

Noble Exec: Clayton Williams Wells ‘Exceed Expectations’

Two months after acquiring Clayton Williams Energy for $2.7 billion, Noble Energy is already very pleased with the deal, according to a company executive. “We’re very excited,” said Donnie Moore, Noble’s vice president of Texas…

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Analysts: Permian Could Slow as Oil Falls, Costs Rise

Analysts at one research firm say that drilling in many parts of the Permian Basin could become unprofitable as oil prices fall and oilfield services costs rise. The Houston Chronicle reports analysts at Wood Mackenzie…

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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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