Houston-based Select Energy Services, a leading provider of sustainable water and chemical solutions to the energy industry, said last month it is rebranding to Select Water Solutions after multiple water infrastructure acquisitions in Permian Basin, including water gathering, disposal, sourcing, storage and distribution assets. John Schmitz, chairman, president and CEO, said, “We have closed on […]

The Woodlands-based Ring Energy said Thursday it expects 2023 production growth of 48 percent over 2022 after integration of Permian Basin assets acquired in August 2022 from Stronghold Energy.  Ring forecasts 2023 sales volumes of 17,800 boed to 18,800 boed (68 percent oil) compared to 12,364 boed (77 percent oil) in 2022.  The increase from […]

Global energy technology company Siemens Energy said last week its compressors will be used at Occidental Petroleum’s first large-scale direct air capture (DAC) plant in Ector County.  The two compressor packages will enable the plant to capture up to 500,000 metric tons of CO2 per year when fully operational.  Startup is expected in late 2024.  […]

Baker Hughes reported declines in drilling rig counts in Permian Basin for the second straight week and in U.S. for the fourth straight week.  In the weekly report of March 10, there were 343 rigs in Permian (349 week ago, 316 year ago) and 746 rigs in U.S. (749 week ago, 663 year ago).  Also, […]

Global research firm Wood Mackenzie said recently it expects U.S. to become the world’s largest exporter of LNG in 2023 after ranking third in 2022.  Giles Farrer of Wood Mackenzie said Feb. 22, “Record high prices and the need for energy security drove buyers … to seek long-term U.S. LNG deals in 2022 and created […]

Houston-based EOG Resources said in its fourth quarter earnings report it forecasts “steady development” in its “disciplined capital program” in 2023 in Delaware Basin, its largest operation.  Billy Helms, president and CEO, said Feb. 24, “We didn’t really feel that we wanted to ramp up activity anymore in the Delaware Basin, but instead leverage on […]

Houston-based Occidental Petroleum said in its fourth quarter earnings report that it forecasts 2023 production in Permian Basin of 560,000 to 590,000 boed – in line with the late 2022 rate of 565,000 boed.  Oxy is targeting capital expenses in 2023 of $5.2 billion to $5.6 billion – up from $4.5 billion in 2022 and […]

Among the hundreds of speakers at CERAWeek by S&P Global in Houston this week was Jennifer Granholm, U.S. energy secretary, who told industry leaders Wednesday, “Oil and gas is going to remain a part of our energy mix for years to come.  This transition is not about closing doors; it’s about opening new windows of […]

Austin-based frac sand provider Atlas Energy Solutions told Enverus recently its Dune Express will be the first long-haul overland conveyor system to deliver proppant.  Atlas secured contiguous right-of-way for its $400 million system of 42 miles from its facilities into northern Delaware Basin by yearend 2024. Atlas also controls more than 14,500 acres on two […]