U.S. Energy Information Administration said this week exports of U.S. petroleum products reached an all-time high during first half of 2022, according to records dating back to 1973.  Exports averaged nearly 6 million barrels per day – an increase of 11 percent or 596,000 b/d over first half of 2021.  Distillate fuel oils increased by […]

San Antonio-based Stakeholder Midstream said Sept. 13 it received approval from U.S. Environmental Protection Agency for its MRV plan (monitoring, reporting, verification) for permanent sequestration of carbon dioxide in Permian Basin.  The Pozo Acido injection well is near the Texas-New Mexico border in Yoakum County.  Stakeholder said it’s the first MRV plan approved by EPA […]

Record oil and gas production in New Mexico in FY 2022 resulted in record revenue of more than $2 billion for the state.  The State Land Office said in FY 2022 that ended June 30 the state produced 132 million barrels of oil and 659 billion cubic feet of natural gas.  Production has grown since […]

South Texas and its export markets are getting a connection in Corpus Christi to Whistler pipeline.  Cheniere Energy, which owns an LNG export facility on the Texas coast, said last week it reached agreement with WhiteWater Midstream and subsidiaries of Whistler Pipeline to jointly build a 42-inch pipeline from Whistler terminus in Agua Dulce 43 […]

Lea County in New Mexico added 6 rigs in the last week to reach 71 active drilling rigs – more than any U.S. state other than Texas and New Mexico.  Also as of Sept. 23, Baker Hughes said there were 344 rigs in Permian Basin (up 1 in past week, up 84 in past year), […]

The newly created Texas Produced Water Consortium released its preliminary findings Sept. 1 in a report to the Texas legislature titled “Beneficial Use of Produced Water in Texas: Challenges, Opportunities and the Path Forward.”  The consortium was created in 2021 to study the economics, treatment technologies, and environmental and public health considerations for beneficially using […]

State of New Mexico is scheduled to receive $25 million in October to clean abandoned oil wells and another $18.7 million later from the U.S. Department of Interior.  Interior is sending $560 million to 24 states to clean orphaned wells.  The state’s Oil and Conservation Division identified about 1,700 abandoned wells in New Mexico, and […]

Texas led a rebound in drilling rig counts in the past week, according to Baker Hughes.  Texas added 5 rigs to reach a count of 364 to reverse a trend of declines in 4 of the past 5 weeks (239 year ago).  Also as of Sept. 16, there were 343 rigs in Permian Basin (340 […]

U.S. Energy Information Administration continues to grow its forecast of oil production from Permian Basin.  In its drilling productivity report of Sept. 12, EIA said production for October 2022 is expected to be 5.413 million barrels per day – up 66,000 b/d from 5.347 million b/d in September.  Across seven major oil producing regions, EIA […]

Arlington-based U.S. Energy Development Corp. said last week it has made three additional acquisitions of assets in Delaware Basin for a total of $60 million.  U.S. Energy will partner with operators in 17 new wells in three counties.  Jordan Jayson, chairman and CEO, said Sept. 13, “We anticipate approximately $100 million of new production to […]