For shale operators, midstream companies, and gathering network or saltwater distribution network owners, it can be difficult to uncover how to get the most production and overcome operational challenges in the field. Schlumberger’s Serdar Atmaca, Business Development Manager – Digital Ops Solutions, and Nicolas Gomez Bustamante, Principal Production Engineer – Digital Ops Solutions, explain how […]
Corpus Plant Will Mean 2,400 Jobs
The resumption of construction of the Jumbo plastics project in Corpus Christi will bring great social benefit as it is estimated to generate up to 2,400 jobs at peak construction. The plastics factory project has gone through several stages since its initial planning more than 10 years ago, as construction had been stalled for several years, but it […]
North America to Drive Small-scale LNG liquefaction Capacity Additions
North America is expected to witness the highest small-scale LNG liquefaction capacity additions globally during 2023-2027, contributing about 32 percent of the total global small-scale LNG liquefaction capacity additions by 2027, forecasts GlobalData, a data and analytics company. GlobalData’s latest report reveals that North America is to witness a total small-scale LNG capacity addition of 4,710 […]
The Great Wind and Solar Land Grab
By Steve Goreham Which is more environmentally friendly, an energy source that uses one unit of land to produce one unit of electricity, or a source that uses 100 units of land to produce one unit of electricity? The answer should be obvious. Nevertheless, green energy advocates call for a huge expansion of wind, solar, and […]
Energy Security is Priority Number One in the U.S. House
The Permian Basin Petroleum Association had a great turnout for our June luncheon where Congressman August Pfluger updated the attending audience with the recent legislative work of the 118th Congress in Washington, D.C. Thank you to everyone who helped make this such a great event. Congressman Pfluger discussed the recently passed Lower Energy Costs Act […]
Report: Permian Basin leads mergers, acquisitions in second quarter
Upstream mergers and acquisitions accelerated in second quarter, according to Enverus Intelligence Research, after a relatively quiet 1Q. Enverus said second quarter activity expanded with 20 transactions valued at $24 billion. That included six deals of more than $1 billion each, including five with assets in Permian Basin. “The need for public buyers to secure […]
Devon Energy reports record oil production in 2Q led by Delaware Basin
Oklahoma City-based Devon Energy said recently that production averaged 420,000 boed (50 percent oil) in 2023Q2 in Delaware Basin. Devon operated 16 rigs and four completion crews in Delaware in 2Q resulting in 76 gross wells placed online, including the 11-well Mule development in Eddy County, N.M. Early production from six wells targeting Wolfcamp B […]
EOG Resources develops strategies in Delaware Basin to use in emerging plays
Houston-based EOG Resources said recently that efficiencies and cost-reduction strategies developed in its foundational assets in Delaware Basin and Eagle Ford are delivering operational improvements in the company’s emerging plays. EOG reported Aug. 3 improvements of up to 25 percent in daily drilled footage in Dorado dry gas play in south Texas, Ohio Utica and […]
U.S. count of 632 rigs declines 17 percent in past year, Permian down to 320
Baker Hughes’ count of active drilling rigs in U.S. fell for the seventh straight week in the weekly report for Aug. 25. There were 632 rigs in U.S. – down 10 in the past week and down 133 (17.4 percent) in the past year from 765. Also, there were 320 rigs in Permian Basin (down […]
Record oil output in New Mexico to provide $3.5 billion in “new money” to state
Record-breaking oil production in New Mexico is expected to provide state government with a multibillion-dollar surplus during the next fiscal year. Economists from four state agencies, including budget and accountability office in the legislature, said at a meeting of the legislative finance committee at New Mexico Highlands University in Las Vegas Wednesday that the state’s […]
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