Christi Craddick, chair of the Railroad Commission of Texas, and Missi Currier, president and CEO of the New Mexico Oil and Gas Association, were among the featured speakers recently at the annual meeting of Permian Basin Petroleum Association. Craddick (R-Midland) spoke at the PBPA luncheon Sept. 17 in Midland. Craddick said during the upcoming 90th […]
TC Energy to divest Guadalajara-Manzanillo pipeline to Esentia Energy
Calgary-based TC Energy said recently it agreed to sell Energia Occidente de Mexico, the entity that owns the Guadalajara-Manzanillo pipeline, to affiliates of Esentia Energy Development for $400 million. Hart Energy said the deal will give Esentia the only integrated, private natural gas system from Permian Basin into central Mexico and out to the Port […]
Forum scheduled Oct. 2 in Iraan on use of produced water to benefit Pecos River
A public forum on proposals to treat and reuse oilfield produced water to help restore flows in the Pecos River is scheduled Friday, Oct. 2, at Iraan Civic Center. The forum will be conducted by Friends of the Pecos River and Texas Produced Water Consortium. Ranchers, landowners, hunters, government officials and other interested residents are […]
SoftVest, Blackbeard to create PBT Land and Minerals in $2.2 billion deal
Abilene-based SoftVest, significant unitholder in Permian Basin Royalty Trust, and Fort Worth-based Blackbeard Holdings said recently they will combine the trust and certain oil and natural gas mineral interests and land operations owned by Blackbeard. Their announcement said the combination, PBT Land and Minerals, is valued at about $2.2 billion. Closing is expected in second […]
Permian adds 1 rig, Texas declines by 1 to end streak of 7 weeks of additional rigs
Texas’ streak of adding drilling rigs came to an end after seven weeks with its report of a decline of 1 to 283 active rigs last week. Baker Hughes said as of Sept. 18 in the past year Texas added 41 rigs or 16.94 percent from 242. Permian Basin reported 1 additional rig in the […]
Corpus Christi LNG terminal becomes second largest after Cheniere addition
Houston-based Cheniere Energy completed its Corpus Christi liquefaction stage 3 project Aug. 28 after taking custody and control of the seventh and last liquefied natural gas train in the project. CCL stage 3 is part of the Corpus Christi LNG terminal in San Patricio County. The additional capacity expands the total nominal capacity of the […]
U.S., Texas add energy services jobs for second straight month in August
U.S. and Texas each added jobs in energy services in August for the second consecutive month. Data from Houston-based Energy Workforce and Technology Council and U.S. Bureau of Labor Statistics for August show 629,827 jobs in U.S. energy services, including 306,915 in Texas. That compares to 628,136 jobs in U.S. and 306,091 in Texas in […]
Giving It the Gas
In 1920, when Frank T. Pickrell and Haymon Krupp drilled Santa Rita Number 1, oil was the only thing on their minds. Any natural gas it produced was purely flaring fodder. That attitude continued for almost a hundred years. But now, with LNG, data centers, and other worldwide energy revolutions, natural gas is coming into […]
What to Expect: A Q&A with PBPA President Ben Shepperd
On Aug. 8, PB Oil and Gas Magazine visited with PBPA President Ben Shepperd about the format and topics of this year’s Annual Meeting. PBOG Magazine: I know you discussed the first two speakers of the meeting (the Sept. 17 session) in your regular column in this magazine, but could you expand a little […]
Where the Basin Convenes
The 64th Annual Meeting of the Permian Basin Petroleum Association will give all those in attendance the chance to listen to and ask questions of a variety of experts who will present on the top issues confronting the industry. Attendees will also benefit from projections on our industry moving forward from those in the know. The […]
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