Tag: Permian Basin
Emerson opens Permian Basin service center
Emerson recently announced the opening of a new USD 4M Permian Basin Service Center to bring enhanced oil and gas technologies and services to the fast-growing region.
Meridian Establishes Site Control for Permian Basin
Meridian Energy Group, Inc. announced that the Company has entered into agreement with a Winkler Company subsidiary (Winkler) establishing site control in Winkler County, Texas for a new Meridian full-conversion crude oil refinery.
East Coast buyers purchasing West Texas Crude
U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to discounts for West Texas crude. These refiners are also looking to bring in more shale oil more via rail, however, supply bottlenecks are making it difficult to secure more barrels.
Marathon Petroleum to acquire Andeavor
Marathon Petroleum has planned an approximate $23 billion buyout merger to buyout fellow refiner Andeavor, which will allow Marathon to capitalize on major trends in the energy sector.
Concho Resources to buy RSP Permian
Oil and gas producer Concho Resources Inc. has reported that will buy smaller RSP Permian Inc. in an all-stock deal valued at approximately USD $8 billion, making it one of the biggest producers in the Permian Basin.
Magellan and Occidental Petro to build Pipeline
Magellan Midstream Partners, L.P. and Occidental Petroleum Corporation have announced plans to build BridgeTex Pipeline, which will transport Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast area.