Posts Tagged ‘permian’
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Magellan Midstream, Occidental to build West Texas oil pipeline

by on November 19, 2012 4:41 pm BST
Magellan Midstream, Occidental to build West Texas oil pipelineHOUSTON -- Magellan Midstream Partners and Occidental Petroleum will build a pipeline to bring up to 300,000 bopd of West Texas crude oil to the Houston refining hub.The project is the latest attempt to bring the increasing supply of crude oil being produced

Crosstex dips further into the red

by on November 9, 2012 6:12 am BST
The company posted a net loss of nearly $16.2 million during the third quarter of the year, increasing on last year’s third quarter loss of just under $2.8 million.Revenues for the quarter were also down, totaling nearly $407 million, compared to the $517.5 million generated during the same period

Legacy buys Permian assets for $520m

by on November 7, 2012 11:26 pm BST
The assets hold estimated proved reserves of about 25.6 million barrels of oil equivalent, 71% of which are proved developed producing (PDP) with 15% are proved undeveloped.The proved reserves, which are 90.5% operated, are made up of an estimated 62% oil and 38% natural gas. The properties are currently producing

Legacy Reserves LP acquires Permian basin properties from Concho Resources for $520 million

by on November 7, 2012 3:45 pm BST
Legacy Reserves LP acquires Permian basin properties from Concho Resources for $520 millionMIDLAND -- Legacy Reserves has entered into an agreement to purchase Permian Basin oil and natural gas properties from Concho Resources Inc. for $520 million in cash, subject to customary purchase price adjustments.The properties have estimated proved reserves