by Carissa Skorczewski, President and CEO, Groebner As natural gas utilities and contractors look for support with their equipment and budgeting, it is ideal to work with a distributor that has been strategic about its inventory, stays on the cusp of industry innovation, and has close vendor relationships with equipment manufacturers. Most importantly, though, a close relationship […]
Texans for Natural Gas says methane emissions intensity down 76 percent
Austin-based Texans for Natural Gas, a project of Texas Independent Producers and Royalty Owners Association, said Dec. 21 the rate of methane emissions intensity in Permian Basin fell by 76 percent in 10 years from 2011 to 2021. In its fourth annual report, TNG said in those 10 years production increased by 345 percent. In […]
Kimbell Royalty Partners completes purchase in Permian Basin
Fort Worth-based Kimbell Royalty Partners said Dec. 15 it completed the purchase of 889 net royalty acres in Permian Basin that produce 2,072 boed (58 percent oil) from Austin-based Hatch Royalty for $270.7 million in cash and stock ($150.4 million cash). Kimbell said 2023 production is forecast at 2,522 boed, including 1,439 b/d of oil, […]
Oneok files FERC application for Saguaro pipeline from Waha to Mexico
Tulsa-based Oneok said Dec. 20 it filed an application with Federal Energy Regulatory Commission for permission to construct and operate the Saguaro connector pipeline to export natural gas to a new international border crossing at the USA-Mexico border 18 miles southwest of Sierra Blanca in Hudspeth County. The proposed pipeline will transport up to 2.8 […]
Northern completes acquisition in northern Delaware Basin
Minneapolis-based Northern Oil and Gas said Dec. 19 it closed on a previously announced acquisition of non-operated interests from a private seller in northern Delaware Basin for $131.6 million. The bolt-on assets include 2,100 net acres in Eddy and Lea counties in New Mexico and Loving and Winkler counties in Texas. Average production for 2023 […]
Permian Basin matches 2022 high of 352 active drilling rigs
Permian Basin added 2 drilling rigs in the past week to match its 2022 high count of 352, according to the weekly report of Dec. 22 from Baker Hughes. That’s an increase of 20.1 percent since starting the year with 293 rigs. Also as of Dec. 22, there are 374 rigs in Texas (367 previous […]
A Look Ahead at 2023
This next year will prove pivotal for oil and gas in the United States. Because of energy insecurity brought on by an unwillingness to recognize that global demand exists and politicians the world over would rather deny their constituencies the benefit of abundant and affordable American energy, it seems that we are going to brave […]
Count of active drilling rigs in Permian Basin unchanged at 350
Rig count in Permian Basin remained 350 as of Dec. 16, according to Baker Hughes, while the count of active drilling rigs in Texas declined for the fourth straight week to 367. There were 370 in Texas the previous week and 275 a year ago. Also, there are 107 rigs in New Mexico (106 last […]
Chevron capex in 2023 to include $4.0 billion in Permian Basin
San Ramon, Calif.-based Chevron said Dec. 7 its consolidated upstream spending in 2023 is expected to be $11.5 billion, including $8.0 billion in U.S. and $4.0 billion in Permian Basin. The total is at the high end of 2022-26 guidance and more than 25 percent above 2022 spending. Chairman and CEO Mike Wirth said, “We’re […]
ExxonMobil said Permian production to grow to 800,000 boed by 2027
In its Dec. 8 announcement of corporate plans for its next five years, Irving-based ExxonMobil said production in Permian Basin is forecast to grow to more than 800,000 boed by 2027 compared to 560,000 boed in 2022Q3. Chairman and CEO Darren Woods and CFO Kathy Mikells said Exxon will spend 70 percent of capital investments […]
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