EagleClaw Midstream Services, LLC Acquires East Toyah Natural Gas Gathering and Processing System In Reeves County, Texas

December 9, 2014 EagleClaw Midstream Private equity commitments to EagleClaw reach $200 million. EagleClaw commissions its Northwest Toyah Natural Gas Gathering and Processing System in Reeves County. EagleClaw secures acreage dedications from Silverback Exploration, LLC and Elevation Resources Holdings, LLC. MIDLAND, Texas – December 9, 2014 – EagleClaw Midstream Services, LLC (“EagleClaw”) announced today that the company has closed on the purchase of natural gas gathering and processing assets in Reeves County, Texas. These assets include more […]

Technology indicates Permian may have triple the oil believed in place

December 13, 2014 Midland Reporter-Telegram Technological advances are rewriting what experts thought they knew about Permian Basin oil fields. None more so than work now being done on residual oil zones, experts say. “For probably 60 years, we’ve used 100 billion barrels of oil in place in the Permian Basin, based on existing oil fields,” said Robert Trentham, director of the University of Texas of the Permian Basin’s Center for Energy and Economic Development. Of […]

Tech: Permian Basin oil impact more than $137 billion

September 4, 2014 Midland Reporter-Telegram It’s not a secret that the oil and gas industry has an impact on Midland County and the Permian Basin. But on Thursday, Texas Tech University released a study which attached figures to that impact. — A $42 billion economic impact in Midland County. — $137 billion in economic output generated in the 46 counties of the Permian Basin in 2012. — More than 546,000 jobs sustained in the Permian […]

Texas boasts the two most active spots for oil-and-gas drilling rigs

July 14, 2014 San Antonio Business Journal The number of rigs exploring for oil and gas in South Texas’ Eagle Ford Shale increased by five this week to 218, according to a weekly count by Houston-based oilfield services giant Baker Hughes. Texas — the state with the largest number of active drilling rigs — gained two during the week, increasing its total to 898. More than half of those were located in West Texas’ Permian Basin, […]