Dallas-based Energy Transfer Partners said recently it has commitments for about 25 percent of capacity for Warrior natural gas pipeline. It’s a 260-mile pipeline from Permian Basin to Energy Transfer interconnects southwest of Fort Worth with continued transport to Gulf Coast. Mike McCrea, co-CEO and CCO, said Feb. 14 during an earnings call that the […]
Atlas Energy acquires Permian Basin proppant assets of Hi-Crush
Austin-based Atlas Energy Solutions said Tuesday it agreed to acquire all Permian Basin proppant production assets and North American logistics operations of Houston-based Hi-Crush in a transaction valued at $450 million. The transaction includes $150 million upfront cash, $175 million in stock and $125 million in deferred cash. Atlas said the combination “brings together two […]
Lithium Chloride Extracted in Permian Field Test
Element3, the critical material extraction company specializing in oil and gas wastewater, announced Jan. 30 it successfully extracted lithium chloride from oil and gas wastewater at a Double Eagle Energy Holdings IV subsidiary’s produced water recycling facility. Prior to this test, it was widely held that lithium chloride could not be extracted from produced water […]
Predictive Maintenance: Crucial to O&G Success
Maintenance strategies in the oil and gas industry have gradually transformed from their early days in the 19th century. To achieve operational longevity, timely maintenance is necessary to prevent expensive repair works and unplanned production outages. Technologies, such as AI, machine learning, and the internet of things (IoT), add enormous value to predictive maintenance strategies, […]
Replace All Combustion Cars? Obrist Has a Better Idea
“It is unrealistic to believe that the global vehicle population of more than one billion cars with combustion engines can be replaced by electric cars in the foreseeable future,” says Frank Obrist, founder of the Obrist Group, which focuses on sustainable energy concepts, and calls for “more realism and less ideology in energy policy.” He […]
Christian: Biden’s LNG Policies Hurt Americans And Endanger Europeans
Following news that the Biden Administration would effectively pause new liquefied natural gas (LNG) plants, Texas Railroad Commissioner Wayne Christian on Jan. 26 issued the following statement: “Texas natural gas is saving the free world, and President Biden wants to end it. His administration’s pause on new liquified natural gas export (LNG) plants may recklessly endanger European […]
Control Devices Acquires Gilmore
Control Devices LLC, a portfolio company of HBM Holding, announced Jan. 29 it has acquired Gilmore. The acquisition expands Control Devices’ flow control solutions portfolio while widening its reach in the oil and gas market. The acquisition also broadens HBM Holdings’ expertise in the flow control sector. “Gilmore has a history of excellence in the […]
Rig counts increase in Permian Basin, Texas, New Mexico and U.S.
Permian Basin, Texas, New Mexico and U.S. each reported an increase in count of active oil and gas drilling rigs in the past week. Baker Hughes said as of Feb. 23 there were 314 rigs in Permian (312 previous week, 353 year ago), 301 in Texas (299 previous week, 370 year ago) and 102 in […]
Oxy production in Permian to be flat in 2024 after 14 percent increase in 2023
Houston-based Occidental Petroleum said recently its 2024 production in Permian Basin will be flat after a 14 percent increase last year. Total production this year is forecast at 1.22 million-to-1.28 million boed (midpoint would be an increase of 2.2 percent from 2023). In 2023Q4 Occidental’s total production was 1.23 million boed, including 588,000 boed from […]
Targa reports record Permian volumes, startup of Wildcat II gas plant
Houston-based Targa Resources reported recently Permian record volumes for fullyear 2023 and 2023Q4 and said it completed and commissioned in late 4Q the Wildcat II gas plant in Winkler County in Delaware Basin. Wildcat II capacity is 275 million cfd. Targa produced record Permian, NGL transportation, fractionation and LPG export volumes for 2023 fullyear and […]
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