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The Permian Basin is a large sedimentary basin in the southwestern part of the United States. ... Drilling companies focus on drilling and pumping oil, ...
The Permian Basin should fuel growth for these two leading energy stocks for years to come. Diamondback Energy is the leading pure-play producer in the Permian. Better Energy Stock: Diamondback ...
The Permian Basin also maintained its leadership in the U.S. for oil and gas drilling rigs with 310 rigs reported by Baker Hughes as of Friday, after dropping three rigs in the last week.
The oil and gas boom in the United States is truly something to behold. This is thanks in large part to abundant domestic supplies, as well as new drilling techniques that are resulting in huge ...
In 2014, the company acquired American Wellhead, which operates in the Permian Basin. [7] As Canary, LLC, the company has 26 locations in the United States and operates in the Bakken and Utica Shale plays and Mississippi Lime Field. [4] [2] It has over $100 million in revenue and is the 6th largest wellhead company in the United States. [1]
In 2016, the company sold assets in North Dakota and Montana for $222 million. [12] [13] In 2017, the company sold 26,000 acres in the Arkoma Basin for $68 million. [14] In 2021, the company acquired 92,000 net leasehold acres and 50,000 net royalty acres in the Permian Basin from Pioneer Natural Resources for $3.25 billion. [15]
The Permian Basin in southeast New Mexico and West Texas was expected to produce about 6 million barrels of oil in March. 2023 a growth year for companies throughout the Permian Basin Skip to main ...
In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc. In 2007, the company became a public company via an initial public offering. [2] In 2008, the company acquired Henry Petroleum for $584 million. [3] In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion. [4]