By Laurie Guest There’s never a perfect time to pause your day-to-day work and focus on the internal team, but when you do make the effort, the dividends are immediate. Setting aside an hour, a half-day, a two-day retreat or anything you can manage as a team will provide the opportunity to gather together, grow […]
The World’s Biggest Oilfield
Saint Rita of Cascia (Italy), later to be known as the Patron Saint of the Impossible, left this earth on May 27, 1357. Exactly 466 years and one day later (May 22, 1923), a well named after her, extending about 3,050 feet into the earth she’d left, began alternately flowing, and blowing out, for about […]
Continental targets Barnett Shale on Permian’s central basin platform
Enverus recently reported that during 2022Q4 Oklahoma City-based Continental Resources completed its first two wells targeting Barnett Shale not in north Texas’ gassy Fort Worth Basin but on Permian Basin’s central basin platform. Enverus said preliminary results have been oiler. One of the wells, a Gardendale asset in Ector County, flowed 2,310 boed (74 percent […]
Plains expects to benefit from continued production growth in Permian
Houston-based Plains All American Pipeline said Feb. 8 it expects its assets in Permian Basin to benefit from continue production growth in 2023. Plains said it is experiencing higher utilization for long-haul systems for Cactus I and Cactus II pipelines in Texas. Increased volumes are also expected on the Wink-to-Webster line. Willie Chiang, chairman and […]
Trends continue in Permian’s most active counties, Lea and Eddy
Rig count in Lea County, N.M., declined for the third straight week as of Feb. 17 while the count in Eddy County, N.M., increased for the fourth straight week, according to Baker Hughes. They are the two most active counties in Permian Basin. Lea continues to lead with 58 rigs (down 3 in past week), […]
EnLink to relocate gas processing plant from north Texas to Delaware Basin
Dallas-based EnLink Midstream said last week it will relocate an underutilized natural gas processing plant from Barnett Shale in north Texas to Delaware Basin at a cost of about $30 million. EnLink said Feb. 14 that Project Tiger II is “a low-cost, high-return project” expected to add 150 million cfd of natural gas processing capacity. […]
Vital Energy acquires Midland Basin assets in Reagan, Upton counties
Tulsa-based Vital Energy said last week it signed an agreement to buy assets of another Midland Basin driller, Driftwood Energy Operating, for $215.6 million in cash and stock ($127.6 million cash). The deal includes 11,200 net acres (16,500 gross, 91 percent held by production) in Reagan and Upton counties with current production of about 5,400 […]
Life on the Wire
“It’s super competitive.” Those were the first words out of the mouth of Max Killingsworth, a wireline professional working in the Permian Basin, when asked what conditions are like for wireline companies trying to maintain market share in the ever-bustling Basin. Killingsworth is Operations Manager for Unconventional in the Odessa District for KLX Energy Services. […]
EPA delays decision on declaring Permian counties non-attainment areas
U.S. Environmental Protection Agency said last month it has delayed a decision on whether to declare the Permian Basin a non-attainment area for ozone. Houston Chronicle called the announcement “a break for oil and gas drillers that faced potentially severe restrictions on the amount of pollution they release into the air.” EPA said last year […]
Permian down 1, Texas down 6 in rig count year-to-date
Rig counts in Permian Basin and Texas declined for the second straight week, according to Baker Hughes in its weekly report of Feb. 10. Permian Basin’s count fell by 2 in the past week to 352 (353 to start 2023), and the count in Texas was down 7 in the past week to 370 (376 […]
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