Minneapolis-based Northern Oil and Gas said Sept. 30 it will acquire assets in Delaware Basin from Midland-based Alpha Energy Partners for $157.5 million. The assets in Eddy and Lea counties in New Mexico and Loving County in Texas include 2,800 net acres, 9.6 net producing wells, 2.8 net authorized or in-progress wells, and 21.2 net […]
Diamondback acquires FireBird Energy in $1.6 billion deal
Midland-based Diamondback Energy said this week it agreed to purchase all leasehold interests and related assets in Midland Basin of Fort Worth-based FireBird Energy in a cash and stock transaction valued at $1.6 billion. Diamondback acquired 75,000 gross (68,000 net) highly contiguous acres for 5.86 million shares of Diamondback common stock and $775 million cash. […]
Always Count the Cost
Greetings fellow readers. After three years of writing for this publication, I feel compelled to repeat my story as to how I came to value safety, offering it as a point of reference for those still inclined to resist or ballyhoo safety. Let me say right off, I started in the oilfield (as a roughneck) […]
See a Need, Fill a Need
After decades of resisting change, the oil patch in recent years has begun to embrace—and even seek out—new technologies that reduce overhead, boost efficiencies, and improve production, among other things, at least some of the time. One Houston company has recently purchased a developing technology it hopes will reduce flaring in the Permian and elsewhere […]
Railroad Commission preparing EPA application for carbon storage
Houston Chronicle reported this week that Railroad Commission of Texas is preparing an application to U.S. Environmental Protection Agency to assume responsibility for permitting of carbon storage wells. Chronicle said Texas Attorney General’s office is reviewing state environmental laws to verify that they meet federal requirements. When that is complete, commission officials said, Governor Greg […]
Environmental Partnership issues annual report, membership grows to 100
The Environmental Partnership, formed in 2017 by a group of 26 oil and natural gas companies to reduce emissions from oil and gas operations, recently issued its annual report on activities in 2021 in its six programs – leak detection and repair, pneumatic controller, manual liquids unloading, compressor, pipeline blowdown and flare management. The group […]
New Mexico adds 2 rigs in past week to reach 2022 high of 113
Baker Hughes’ count of drilling rigs reached a 2022 high of 113 in New Mexico for the week that ended Sept. 30. New Mexico added 2 rigs in the past week and 27 in the past year. Also, as of Sept. 30 there were 344 rigs in Permian Basin (unchanged in past week, up 81 […]
Texas Pacific Land, WaterBridge form alliance for water solutions
Dallas-based Texas Pacific Land Corp. and Houston-based WaterBridge said recently they established an alliance focused on sustainable oil and gas development on 64,000 acres in Loving and Reeves counties in Delaware Basin. The agreement enables TPL and WaterBridge to provide fullcycle water solutions to customers in a defined region in the Stateline area by facilitating […]
Evaluating Evaluations
If you cannot measure it, you cannot manage it. Thank you, Peter Drucker. October is the month to get ready for annual performance reviews. I wholeheartedly recommend evaluating the staff throughout the year with informal walkthroughs, supportive emails, and verbal or written corrective coaching to improve performance. The annual review should never be a surprise to […]
Taking Flight
The mention of aerial imagery usually brings visions of drones, and that is certainly a big part of the mix. Additionally, companies like Ft. Worth-based Prius Intelli are using manned, fixed-wing flights to quickly cover wider areas and collect more data than is afforded by just visual images. With regulators clamping down on greenhouse gas […]
- « Previous Page
- 1
- …
- 120
- 121
- 122
- 123
- 124
- …
- 338
- Next Page »