Effects from the pandemic and Ukraine war continue to reverberate through the global economy. Food and energy prices remain high, though prices for underlying commodities have lost upward momentum as economic fears rise. The drop in commodity prices and recent bond yield inversions are sending up red flags about slowing economic activity and a potential […]
Water Recycling’s Rising Tide
Breakwater Energy Partners LLC announced it has further developed its commercial and noncommercial recycling network across the Midland Basin to meet rising customer demand for sustainable water solutions. Breakwater expanded its Big Spring Recycling System (BSRS) in Howard and Martin counties with two additional multi-year produced water offtake and recycling agreements. BSRS is one of the largest recycling networks in the […]
Largest-ever Bismuth Plug Deployed in Milestone Effort
Employing cutting edge technology in a challenging environment, BiSN, a supplier of sealing solutions and technology to the global oil and gas industry, recently completed its 300th deployment, helping operators solve common downhole flow issues. As part of its operations, BiSN deployed the largest bismuth plug ever created, placing the plug in a well in the […]
Q&A: Helping Operators to Optimize Production from Complex Shale Reservoirs
For shale operators, midstream companies, and gathering network or saltwater distribution network owners, it can be difficult to uncover how to get the most production and overcome operational challenges in the field. Schlumberger’s Serdar Atmaca, Business Development Manager – Digital Ops Solutions, and Nicolas Gomez Bustamante, Principal Production Engineer – Digital Ops Solutions, explain how […]
The Answer Includes the Permian Basin
In 1789 after the finalization of the U.S. Constitution establishing a separation of powers between three branches of the federal government, Benjamin Franklin penned a letter to Jean-Baptiste Leroy which included a worry that even with Franklin’s enthusiasm for the document’s permanency “…in this world nothing can be said to be certain, except death and […]
Rig count declines for third straight week in Permian – first in two years
Drilling rig count in Permian Basin continues to decline. Baker Hughes said as of Aug. 19 there were 345 rigs in Permian – down 1 in the previous week but up 98 in previous year. The decline of three straight weeks in Permian rig count is the first since Baker Hughes’ reports of July 31, […]
Phillips 66 interest in DCP Midstream increases, declines in Gray Oak
Houston-based Phillips 66 said Aug. 17 it realigned joint venture midstream assets with Enbridge. Phillips 66 realigned economic and governance interests in DCP Midstream and Gray Oak pipeline through merger of existing JVs with Enbridge. Phillips 66’s economic interest in DCP increased to 43 percent from 28 percent, and it will oversee and manage the […]
EIA: Oil production in Permian to increase to 5.4 million b/d in September
Forecast of oil production in Permian Basin by U.S. Energy Information Administration continues to increase to record levels. In the latest drilling productivity report of Aug. 15, the EIA said production in Permian is expected to reach 5.408 million barrels per day in September – an increase of 79,000 b/d from August. Across the seven […]
Enterprise to expand three assets in Permian Basin
Houston-based Enterprise Products Partners said Aug. 3 it will expand three projects in west Texas to support production growth in Permian Basin. Enterprise will add a third plant at its Mentone cryogenic natural gas processing complex in Loving County by 2024Q1 to increase capacity by 300 million cubic feet per day and allow EPP to […]
Natural gas exports from west Texas to Mexico increase to 1.6 Bcfd in May
U.S. Energy Information Administration said last week pipeline exports from west Texas to Mexico averaged 1.6 billion cubic feet per day during May 2022 – the largest pipeline export from west Texas on record. Compared to 2021, pipeline exports from west Texas January through May 2022 increased by 12 percent to average 1.4 Bcfd. Natural […]
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