I sincerely hope this new year finds you doing well. In past articles I have written mostly about safety at work. Occasionally, I have mentioned or delved into safety at home, as well. Two examples are when I talked about slips, trips, and falls, as well as safety data sheets for home and work. Certainly, […]
Rig count declines in Texas, U.S., but Permian remains at 304 for sixth week
Rig counts declined in Texas and U.S. last week, according to Baker Hughes, but Permian Basin held steady with 304 active drilling rigs for the sixth straight week. As of Jan. 10 there were 282 rigs in Texas (down 3 in past week, down 26 in past year) and 584 rigs in U.S. (down 5 […]
Seven Permian producers rank in top 10 of most prolific operators in U.S.
Seven of the 10 most prolific public oil and gas operators in the U.S. last year based on gross operated production are in Permian Basin, including top-ranked ExxonMobil with 1,960,962 boed. Enverus said last week the Permian “is still the king and the most active region operated by the top 50 operators.” Permian produced 81 […]
Kimbell Royalty Partners to acquire mineral, royalty interests in Mabee Ranch
Fort Worth-based Kimbell Royalty Partners said last week it agreed to acquire mineral and royalty interests from a private seller in the Mabee Ranch in Midland Basin for $231 million. The assets are in Midland (63 percent) and Andrews (37 percent) counties in west Texas. As of Oct. 1, 2024, production was 1,842 boed (1,125 […]
Plains All American acquires Medallion crude gathering system in Delaware
Houston-based Plains All American Pipeline and Plains GP Holdings said last week they made three bolt-on acquisitions for a total of $670 million, including assets from Medallion Midstream in Delaware Basin. Plains Oryx Permian Basin acquired Medallion’s crude oil gathering business from The Energy and Minerals Group for $160 million. Willie Chiang, chairman and CEO […]
Emissions Detection Goes High Tech
Methane emission regulations are tightening, with EPA Quad Oc rules slated to take effect later in 2025. As a result, service companies are offering ways to capture methane efficiently so that producers can actually come out ahead by selling that formerly-lost methane into the market. Detection methods vary, being literally miles apart. Momentick aggregates and […]
ExxonMobil leads U.S. and Permian Basin in drilling rig count
According to a report this week from Enverus, ExxonMobil remains the leading operator of oil and gas drilling rigs in U.S. and Permian Basin. As of Jan. 3, the latest weekly average in U.S. for ExxonMobil was 36.0 rigs followed by ConocoPhillips at 34.6, Occidental with 30.7, Mewbourne Oil with 25.1, EOG Resources with 23.3, […]
Texas oil, gas industry pays record $27.3 billion in state, local taxes in 2024
Texas Oil and Gas Association said Tuesday the state’s industry paid a record $27.3 billion in state and local taxes and state royalties in fiscal year 2024. That’s about $1 billion above the previous record. TxOGA president Todd Staples said, “Texas oil and natural gas make an outsized and unmatched contribution to the financial might […]
Halliburton, Coterra launch technology to automate hydraulic fracturing
Two Houston-based companies, Halliburton Energy Services and Coterra Energy, said this week they launched autonomous hydraulic fracturing technology with the Octiv Auto Frac service, part of the Zeus platform. “This technology automates stage delivery execution with the push of a button,” Halliburton said. “Coterra is the first operator to fully automate and control their hydraulic […]
Phillips 66 grows Permian midstream business with EPIC NGL acquisition
Houston-based Phillips 66 said this week it agreed to purchase EPIC Y-Grade GP and EPIC Y-Grade LP, which own subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems, for $2.2 billion. EPIC NGL consists of two fractionators (170 million b/d) near Corpus Christi, about 350 miles of distribution pipelines, and NGL trunkline […]
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