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 […]
Railroad Commission delays acceptance of federal funds to plug wells
Christi Craddick, chair of the Railroad Commission of Texas, said Jan. 6 that the commission will not accept $300 million in federal funding to plug abandoned wells until it learns conditions of the funding. “We’re going to wait to see what their rules are before we decide,” she said in Houston at a meeting of […]
Targa acquires 100 percent interest in Grand Prix with Daytona expansion
Houston-based Targa Resources said this week it completed the previously announced acquisition of the 25 percent interest in Grand Prix NGL pipeline held by Blackstone Energy Partners for $1.05 billion cash. Targa said Monday it now owns 100 percent of Grand Prix, which transports up to 1 million b/d of NGLs to Mont Belvieu. The […]
Pioneer Natural Resources lowers Permian production forecast
Irving-based Pioneer Natural Resources lowered its long-term forecast for production in the Permian Basin, according to a report by Bloomberg. Scott D. Sheffield, president and CEO, said Jan. 5 at a conference in Miami that Pioneer now forecasts about 7 million barrels a day by 2030 – down from a previous estimate of 8 million […]
How Much is Enough? When is Less More?
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 […]
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