Pioneer Natural Resources will continue operating in the Permian Basin despite falling crude oil prices by selling a pipeline in the Eagle Ford Shale, CEO Scott Sheffield said in a conference call.The Irving-based company also plans a $1 billion stock offering.”It allows Pioneer to really prudently develop its assets in what I believe could easily be a $70 to $80 per barrel oil price environment over the next two years,” said Scott Sheffield, CEO of Pioneer. 17 more words
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For readers interested in the rock foundations of the Bedlam Walls Point the information from http://www.mrt.tas.gov.au/mrtdoc/dominfo/download/TR12_116_118/TR12_116_118.pdf may be of help.
“The area examined is rectangular and measures about 700 yards from SW to NE and about 600 yards from NW to SE. 413 more words
The production of natural gas liquids NGL in the Permian Basin will take off over the next several years as producers shift focus to liquids-rich shale plays and midstream companies follow their lead and build the necessary infrastructure to process and transport the liquids, according to an executive with Genscape Inc.In a five-page white paper, Bob Simmons, Genscape NGL product manager, said the firm believes NGL production in the Permian is on pace to increase by about 50,000 b/d in 2014, and by about 250,000 b/d by the end of 2018. 208 more words