Houston-based NextDecade said recently it has made positive final investment decision to construct the first three liquefaction trains at the company’s Rio Grande LNG export facility in Brownsville.  The $18.4 billion project – the largest greenfield energy project financing in U.S. history – will have capacity of 27 metric tons per year.  NextDecade said Rio […]

U.S. exported 366.7 Bcf of LNG in May 2023, according to the latest LNG Monthly issued by U.S. Department of Energy in July.  That’s an increase of 4.4 percent from May 2022 and a decrease of 1.4 percent from April 2023.  Netherlands was the top country of destination at 64.5 Bcf followed by France at […]

Dallas-based Matador Resources this week reported record production during second quarter of more than 130,000 boed. It was 3 percent above expectation of 126,500 boed and 23 percent better than first quarter production of 106,654 boed. Matador attributed the record production to the performance of its Rodney Robinson leasehold wells in Lea County, N.M., in […]

The count of active oil and gas drilling rigs in Permian Basin fell again last week for the ninth time in the last 12 weeks.  According to the July 21 report from Baker Hughes, there are 333 rigs in Permian Basin (down 4 in the past week, down 16 from a year ago).  Since adding […]

Construction is underway on projects in Delaware and Midland basins by Enterprise Products Partners that will give EPP the capability to process 3.8 billion cubic feet of natural gas per day and extract more than 520,000 barrels per day of NGLs in the Permian Basin. In Delaware Basin, Enterprise is expanding its Mentone cryogenic natural […]

San Ramon, Calif.-based Chevron said Sunday in a quarterly earnings preview that its production in Permian Basin in second quarter increased 11 percent over 2022Q2 to 772,000 boed.  Chevron said it was a quarterly record for the company.  Early 2023 performance of company-operated assets is on track with fullyear guidance.  Chevron previously said it allocated […]

Occidental Petroleum subsidiary 1PointFive said last week it signed an oxygen supply contract with Nippon Sanso Holdings’ U.S. operating company Matheson Tri-Gas for the carbon capture, utilization and sequestration company’s first direct air capture plant in Permian Basin.  Matheson will supply oxygen to Stratos, the plant under construction in Ector County.  Oxygen is used to […]

U.S. Energy Information Administration said Wednesday it expects higher crude oil prices in the second half of 2023 and into 2024 “because of moderate but persistent inventory drawdowns.”  Inventory drawdowns occur when demand for a commodity is greater than its supply.  EIA said, “Production cuts from OPEC members and forecast higher production consumption will lead […]

Houston-based Enterprise Products Partners said Tuesday it has started service at Poseidon, cryogenic natural gas processing plant in Glasscock County that is EPP’s sixth in Midland Basin.  Poseidon has capacity of 300 million cubic feet per day and can extract more than 40,000 barrels per day of NGLs.  Enterprise now can process 1.3 billion cfd […]