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Peregrine Energy acquires interests in six states, including Delaware Basin

Permian Basin Oil and Gas Magazine

The Texas and New Mexico assets included more than 400 net mineral acres in Delaware Basin. The deals completed with multiple unnamed sellers continue Peregrine’s goal to build “a diversified portfolio that blends geographic and product exposure with dependable cash flow.”

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Tejon completes Phase II expansion of Mongoose plant in Mitchell County

Permian Basin Oil and Gas Magazine

Denver-based Tejon Treating and Carbon Solutions said recently it completed Phase II expansion of its Mongoose amine treating plant and gas gathering network to accommodate rising production of sour gas. The post Tejon completes Phase II expansion of Mongoose plant in Mitchell County appeared first on Permian Basin Oil and Gas Magazine.

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RPC acquires Midland’s Pintail Completions for wireline services

Permian Basin Oil and Gas Magazine

Atlanta-based RPC, oil and gas services company, said recently it acquired Pintail Alternative Energy, which does business as Pintail Completions, for $245 million ($170 million cash). The Midland company is a leading provider of oilfield wireline services in the Permian Basin.

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EIA expects decline in U.S. production this year from previous forecast

Permian Basin Oil and Gas Magazine

producers slowing their drilling and completion activity this year. production this year from previous forecast appeared first on Permian Basin Oil and Gas Magazine. Energy Information Administration reduced its forecast for crude oil production this year. As a result, we forecast U.S. million b/d by 2026Q4.

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Diamondback completes purchase of Double Eagle IV in Midland Basin

Permian Basin Oil and Gas Magazine

Midland-based Diamondback Energy said April 1 it completed its previously announced acquisition of subsidiaries of Double Eagle IV Midco. billion purchase (cash and equity) covered about 40,000 net acres in Midland Basin with an estimated 407 gross drilling locations and anticipated 2025 production of 39,000 boed (69 percent oil).

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Northwind Midstream receives approval for additional AGI well in Lea County

Permian Basin Oil and Gas Magazine

It will be Northwind’s third AGI well to increase the company’s total permitted daily injection capacity to about 37 million standard cfd of total acid gas when completed in 2026. The injection zone of the new well will target the Devonian formation of the northern Delaware Basin.

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Plains All American Pipeline acquires Black Knight Midstream in Midland Basin

Permian Basin Oil and Gas Magazine

Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil gathering system of Black Knight Midstream. Plains also acquired the remaining 50 percent interest in Cheyenne Pipeline in southeast Wyoming and completed a debottlenecking project at a fractionation complex in Edmonton, Canada.