Sean Lobo of Johnson Specialty Tools said it all in a short summation: “Efficiency. It’s all about efficiency.” His subject was drilling fluids. Specifically, today’s advanced drilling fluids. What goes into making those fluids—and how they’re utilized—is a story that is inextricably linked with the business of, well, drilling itself. And just as the business […]
Interior department opens program office for orphan well cleanup
U.S. Department of Interior said recently it has opened a new program office intended to ensure effective, accountable and efficient implementation of the federal government’s recent investment in cleanup of orphaned oil and gas wells. Last year $43.7 million was allocated in initial funding for New Mexico from a total funding of $4.7 billion. The […]
Permian operator Laredo Petroleum changes name to Vital Energy
Tulsa-based Laredo Petroleum said last month it is changing its name to Vital Energy. In Laredo’s 2022 environmental, social and governance and climate risk reports, Jason Pigott, president and CEO, said Laredo’s rebrand effective Jan. 9 is “consistent with its goal to ensure everyone has access to the reliable, affordable energy resources needed to power […]
Permian, Texas, New Mexico add rigs; New Mexico leads with 3 new rigs
Permian Basin, Texas, New Mexico and U.S. each added rigs in the second week of 2023, according to the weekly report of Jan. 13 from Baker Hughes. There were 356 rigs in Permian (353 week ago, 293 year ago), 379 in Texas (378 week ago, 281 year ago), 103 in New Mexico (100 week ago, […]
Delek allocates 2023 capex to expanding gathering business in Permian
Brentwood-based Delek U.S. Holdings said Jan. 4 its consolidated capital expenditure for 2023 will be about $350 million after an estimated $300 million capex in 2022. Delek said growth capital is primarily allocated to expanding its gathering business in Permian Basin. Sustaining capital includes a planned turnaround at its refinery in Tyler (75,000 b/d capacity). […]
Milestone opens oilfield waste disposal facility in New Mexico
Houston-based Milestone Environmental Services, independent provider of energy waste sequestration services, said Jan. 3 it recently opened its first facility in New Mexico. The Battle Axe facility is the first Milestone plant outside of Texas and the first of its kind permitted in New Mexico by the state’s oil conservation division to inject liquid oilfield […]
Based on True Fiction
Greetings and salutations! In lieu of the non-popularity of our industry by the current Administration, I wanted to take this opportunity to lighten things up a bit. Most safety professionals, when asked if they would like to say a few words, ought to respond realistically by saying, simply, “No.” We seldom have a few words. […]
Pumping Black Gold
With the spread of horizontal drilling around 2013-15, the artificial lift landscape began to change. For almost 100 years most wells had started the production phase with a beam pump (pumpjack) and finished with the same. Horizontal wells are a more complex beast, as production levels drop significantly over a well’s life. Changing production levels […]
Baker Hughes: U.S. rig count posts biggest decline in 15 months
Houston-based services firm Baker Hughes said in its first weekly report of 2023 that the count of U.S. active drilling rigs declined by the biggest margin in 15 months. The U.S. count fell by 7 rigs to 772 as of Jan. 6 in the previous week. Also, there were 353 rigs in Permian Basin (unchanged […]
Discovery founder Don Sparks to receive PBPA Top Hand award
Don L. Sparks of Midland, founder and chairman of the board for Discovery Operating, will receive the 2022 Top Hand award from Permian Basin Petroleum Association Jan. 18 at Petroleum Club of Midland. After beginning his career with Shell, Sparks founded Discovery in 1973. He is a Navy veteran and graduate of University of Texas […]
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