In December of 2021, I wrote an article about working where you want to work, not where your company physically exists. Now, in January 2023, let us revisit the topic. First, do you have to live where you work? Elon Musk may have ordered the Tesla and the Twitter workers back to the office, but […]
The Joy of Discovery
“I had a dream, I’ve seen it move forward, and I see the possibility of it living after I’ve gone.” —Don Sparks, PBPA Top Hand Award Winner 2022 With 50 years of service both in the oil industry and the community, Discovery Operating, Inc., cofounder and Chairman of the Board Don Sparks will be recognized […]
EIA: Texas leads in proved reserves of crude oil and lease condensate
In its latest report on domestic reserves, U.S. Energy Information Administration said Texas still held more proved reserves of crude oil and lease condensate than any other state at the end of 2021 (up 12 percent or 1.9 billion barrels). Proved reserves of U.S. crude oil and lease condensate increased by 16 percent to 44.4 […]
Permian Basin (353), Texas (376) finish year with high count of active rigs
Permian Basin and Texas each finished the year with a high count of active oil and gas drilling rigs for the year, according to Dec. 30 report from industry services firm Baker Hughes. There were 353 rigs in Permian Basin (352 week ago, up 20.4 percent from 293 a year ago) and 376 rigs in […]
EIA forecasts oil production of 5.579 million b/d in January in Permian
Oil production in Permian Basin and other major producing regions of U.S. continues to rise in monthly drilling productivity reports from U.S. Energy Information Administration. EIA said in its Dec. 12 report that production for January in Permian Basin is expected to increase to 5.579 million barrels per day from 5.542 million b/d last month […]
U.S. Energy completes 3-well pad in Ward County with Atlantic Energy
Arlington-based U.S. Energy Development said Dec. 20 it completed its Rio Hondo three-well pad in western Ward County. Each of the three Wolfcamp B horizontal wells had about 9,900 feet of completed lateral. “We are very pleased with our drilling performance,” Kevin Duncan, vice president, said. “Completing frac stages as designed is no easy feat […]
Scepter to launch balloon with methane-detection sensors for ExxonMobil
The first stratospheric balloon equipped with methane-detection sensors is scheduled to launch this month by San Francisco-based Scepter for ExxonMobil on the Texas side of the Permian Basin. Philip Father, CEO of Scepter, said balloons carrying hyperspectral sensors operating in short-wave infrared never have been commercially deployed to get this detailed level of data. Balloons […]
2023 Legislative Sessions
The Texas Legislature meets in a regular session every two years, convening on the second Tuesday in January of every odd-numbered year in Austin. These biennial sessions are limited to 140 days. The governor has the authority to call special sessions as necessary, which cannot exceed 30 days. The 88th Texas Legislature is set to […]
Interpreting Force Majeure
Recently the Texas Supreme Court heard oral arguments in a case titled Point Energy Partners Permian, LLC, et al., v. MRC Permian Company, which is a review of an El Paso Court of Appeals’ decision regarding the interpretation of the force majeure clause contained in the litigants’ lease. The underlying facts are as follows: MRC […]
Water Recycling Pipeline Promises Multiple Benefits
XRI Holdings, LLC, a water recycling company in the Permian Basin, announced Dec. 1 they have commenced construction of their Evolution Pipeline System. The system is a purpose-built large-scale, multi-producer water recycling and produced water infrastructure network connecting XRI’s existing pipeline infrastructure system in Midland County to its significant infrastructure footprint located in Reagan and […]
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