MDM Permian Strikes Black Gold in East Texas

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Lone Star Stories

• Billion-Dollar Texas Two-Step: Viper Energy's Permian Basin Boost

Viper Energy, a subsidiary of Diamondback Energy, is set to expand its presence in the Permian Basin with a $1 billion deal, acquiring assets from Warwick Capital Partners and GRP Energy. Amid major and minor operators acquiring assets in the region, the Permian Basin's oil production sees a minor dip, but its natural gas output and potential remain robust.

• MDM Permian Strikes Black Gold in East Texas

Dallas-based MDM Permian Inc announces promising geological findings on an East Texas lease, suggesting a recoverable oil volume of up to 730,000 barrels in the Pettit formation. Previous nearby fields have showcased substantial production, emphasizing the region's significant oil and gas potential.

Reader Question of the Day

How does oil viscosity change with temperature and what implications does it have for transportation and refining?

Oil is a lot like honey when it comes to temperature. When it's cold, oil becomes thick and sluggish, but when it's heated up, it becomes thinner and flows more easily. So, just like honey flows better on a warm day or when you heat it slightly, oil's thickness or "viscosity" decreases as the temperature rises.

This temperature-viscosity relationship is super important for the oil industry. When transporting oil, especially in cold places, it can get too thick to flow easily through pipelines. So, they sometimes have to heat the oil a bit to keep it moving. When refining oil, the temperature is carefully controlled to separate the oil into different products, like gasoline and diesel. If the oil is too thick, it won't process correctly, so understanding and managing its viscosity is key to getting the job done right.

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