Dallas-based Energy Transfer said Nov. 1 in its announcement of 2022Q3 results that its Grey Wolf cryogenic processing plant in Winkler County in Delaware Basin is expected to come online this year with capacity of 200 million cfd. Also, its Bear gas processing plant in Delaware Basin is expected to come online in 2023Q2. The […]
ConocoPhillips reports record production in Q3 for lower 48
Houston-based ConocoPhillips said Nov. 3 its lower 48 assets delivered record production in 2022Q3 of 1.013 million boed, including 668,000 boed from Permian Basin and 224,000 boed from Eagle Ford. The company said this was its first lower 48 production of more than one million boed, and it contributed to a company record global production […]
Occidential production growth in 2023 to come from Permian Basin
Houston-based Occidential Petroleum said Nov. 8 that production in Permian Basin increased in 2022Q3 to 523,000 boed from 499,000 boed in 2021Q3. Oxy topped midpoint of guidance for Q3 with 1.18 million boed. Vicki Hollub, president and CEO, said Oxy expects Q4 production of 1.2 million to 1.26 million boed with the Permian Basin accounting […]
Biden administration issues approval of export terminal off Texas coast
Biden administration recently approved plans to build the nation’s largest oil export terminal anchored about 30 miles south of Freeport off Texas’ gulf coast. When completed in 2025 it will add two million b/d to the U.S. oil export capacity. Approval by maritime administration in U.S. Department of Transportation was filed in the federal register […]
APA plans return to single-digit production growth in 2023
Houston-based APA Corp. said recently it plans to return to single-digit growth in production in 2023 – driven by Permian Basin oil increases – after three years of production declines. APA said Nov. 2 in its announcement of 2022Q3 operating results that adjusted production was 310,000 boed with upstream capital investment of $492 million – […]
Resolutions… and Rejoinders
It’s never too early to put in a word for something or to speak up for a worthy endeavor. Especially in a world where there are plenty of folks who are doing their best to pre-empt our directions and make our decisions for us. (Are you listening, Washington?) Let it be resolved that the Permian […]
ESG Reporting: Easing the Anxiety
By Lindsey Scott From Amazon to Walmart, companies across the globe are striving to implement ESG initiatives that can stand up to increased scrutiny. The energy industry, like all industries, is facing the possibility of new standards for carbon emission disclosures that will need to be disclosed to shareholders, stakeholders, and regulators. Simply put: today’s investors are relying on more robust […]
Crisis Management
by Dr. M. Ray Perryman For the second consecutive year, the Nobel Memorial Prize in Economics has been awarded to three Americans. For 2022, the recipients are Ben S. Bernanke (former Federal Reserve Chairman now with The Brookings Institution), Douglas W. Diamond (University of Chicago), and Philip H. Dybvig (Washington University in St. Louis) “for […]
E&P Reaches Milestone
Apache Corporation, a subsidiary of APA Corporation, announced Oct. 24 the donation of more than 245,000 trees to 40 nonprofit partner organizations through the annual Apache Corporation Tree Grant Program. Since 2005, more than five million trees have been granted to more than 900 U.S. nonprofit charitable partners and government agencies. Plantings from this year’s grants […]
Turning Around That Turnaround
by Tracy Gray Thanks to the pandemic, delays in turnarounds, and restrictions on the numbers of contractors on rigs, pipelines and production sites forced companies to delay work that had been planned for years. As we continue to emerge from the restrictions, industry experts predict a bottleneck of turnaround projects into 2023 as companies work to […]
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