Hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business in the Permian Basin. ConocoPhillips announced Aug. 6 that Andy O’Brien, Chief Financial Officer and Executive Vice President, Strategy and Commercial, succeeds Ryan Lance as President and CEO. O’Brien joins the board of directors with his appointment. […]
Crescent to acquire assets in Eagle Ford from Devon Energy for $4.2 billion
Houston-based Crescent Energy, which operates primarily in Permian, Eagle Ford and Uinta basins, said last week it agreed to purchase assets in Eagle Ford from Devon Energy for an estimated purchase price of $4.2 billion. The transaction adds Tier 1 inventory and scale directly adjacent to Crescent’s existing operations. The assets include 90,000 net acres […]
Permian Basin (274), U.S. (603) reach highest rig counts of 2026
Permian Basin and U.S. reached their highest rig counts of 2026 last week in the Oct. 9 report from Houston services firm Baker Hughes. Permian increased to 274 active drilling rigs by adding 4 in the past week (up 24 or 9.60 percent from 250 a year ago) after starting the year with 247 rigs. […]
Enverus report shows opportunities in Barnett-Woodford play in Midland Basin
A report released last week by Calgary-based Enverus Intelligence Research said the Barnett-Woodford development in Midland Basin holds more than 6,400 locations representing 3 billion barrels of undeveloped recoverable oil. It’s the largest source of undeveloped oil among interval groups in the basin. Enverus said, “The opportunities have developed rapidly…. The Barnett-Woodford was absent from […]
A Pushmi-Pullyu Dilemma
On the Texas side of the Permian Basin the state government is generally supportive of its oil and gas industry, known for setting up mostly reasonable laws and environmental rules. It’s one reason the region has repeatedly set production records in recent years. In New Mexico, about two-thirds of legislators are hostile to an industry […]
ONEOK completes acquisition of assets in Midland Basin from Brazos Midstream
Tulsa-based ONEOK said Tuesday it completed its acquisition of Brazos Midstream’s natural gas gathering and processing assets in Midland Basin for about $4.425 billion. The deal more than doubles ONEOK’s Midland Basin processing capacity to about 2.3 billion cubic feet per day, including facilities under construction. Pierce H. Norton II, president and CEO of ONEOK, […]
ProPetro unit to provide power generation for Targa processing infrastructure
Midland’s ProPetro said recently its PROPWR business signed long-term contracts with a subsidiary of Targa Resources to provide about 230 megawatts of behind-the-meter power generation capacity for natural gas processing infrastructure in Permian Basin. Full deployment of the power generation capacity is expected by early 2028. Sam Sledge, CEO of ProPetro, said Sept. 22, “These […]
Energy Transfer to acquire Vaquero Midstream in southern Delaware Basin
Dallas-based Energy Transfer said Tuesday it will acquire Vaquero Midstream in a bolt-on transaction valued at about $2.625 billion ($1.95 million cash). Vaquero has a rapidly growing midstream services business that includes wellhead gathering and intrabasin transportation pipelines and a natural gas processing complex. The 300-mile pipeline network serves leading operators in Loving, Reeves, Ward […]
What Is Required to Perform the Job?
In August, I attended the Texas Tribune‘s daylong presentation featuring organizations that prepare future employees for the workforce. Several themes stood out. Artificial intelligence will not eliminate every occupation. Declining birth rates are contributing to reduced school enrollment. And many school-age children still lack the reading and mathematics skills necessary to pass certification examinations. I […]
After 7 weeks of increases, count of drilling rigs in Texas falls for third week
After seven straight weeks of increases, the count of active drilling rigs in Texas has declined for three consecutive weeks. Baker Hughes said as of Oct. 2 there were 278 rigs in Texas – down 3 in past week, but up 34 or 13.93 percent from 244 a year ago. Also as of Oct. 2, […]
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