Power. Producing power is what the energy industry is all about. And power is what feeds the energy industry, primes its pumps, lifts its resources, and keeps drillstrings and driveshafts turning to the right. Portability. Portability is what energy producers are all about. It’s a pick-up-and-go industry. Nothing stays still for long. Other industries have […]
Sitio Royalties, Brigham Minerals combine with assets in Permian Basin
Denver-based Sitio Royalties and Austin-based Brigham Minerals said Sept. 6 they will combine in an all-stock merger with an aggregate enterprise value of about $4.8 billion. The combination brings together two of the largest public companies in the oil and gas mineral and royalty sector with complementary high-quality assets in Permian Basin and other oil-focused […]
Williams acquires gas pipeline and storage assets of NorTex Midstream
Tulsa-based Williams Field Services Group recently acquired NorTex Midstream, a fully contracted natural gas pipeline and storage company in north Texas, from an affiliate of Tailwater Capital for $423 million. The assets include 83 miles of natural gas transmission pipelines, 36 Bcf of natural gas storage in Eastland and Jack counties, and Tolar natural gas […]
Rig counts continue decline in Permian Basin, Texas, U.S.
Baker Hughes’ count of active drilling rigs in Permian Basin continued its retraction in the weekly report of Sept. 9. There were 340 rigs in Permian – down from 342 the previous week but up from 254 a year ago. It’s Permian’s sixth decline in the last eight weeks from a 2022 high of 351 […]
Palisade to build Rail Runner produced water pipeline from Delaware Basin
Houston-based Palisade Pipeline said recently it will build Rail Runner, produced water pipeline system, in the Watco Railroad right-of-way from Lea County, N.M., to Winkler County, Texas, along SH 18. Rail Runner will transport produced water from northern Delaware Basin to saltwater disposal well systems in Winkler County. Palisade said Aug. 30 its infrastructure also […]
The Value of a Mentor
Greetings and salutations! Over the last 25 years, I have found that safety is a profession that is not necessarily inspired by the lure of large monetary gains. Although it can be an incredibly fulfilling and rewarding profession, the job description is unique due to the concept of making a living by proving that one […]
Two Kinds of Green
“It’s not easy being green,” Kermit the Frog famously said, and many oil and gas producers feel the same way about ESG and the growing number of environmental regulations. ESG is short for “Environmental, Social, and Governance”—three non-financial factors that investors increasingly take into consideration when investing in companies, including energy companies. And it’s not […]
Callon increases production guidance in Delaware Basin for 2023
Houston-based Callon Petroleum said last month it expects to produce 102,000 to 105,000 boed (63 percent oil) in Q3 with 38-to-42 gross wells placed on production with operating expenses between $245 million and $255 million. Callon said Aug. 3 currently it operates 6 rigs – 3 in Delaware Basin, 2 in Midland Basin and 1 […]
HighPeak reduces operating expenses, emissions with 60MW substation
Fort Worth-based HighPeak Energy recently commissioned its 60MW high-voltage substation, began removing rental generators to reduce lease operating expenses and emissions, and launched a local sand project. HighPeak removed at least 70 percent of rental generators in Flat Top operating area, and electrification of the substation enabled HighPeak to power its first drilling rig with […]
Rig count declines in Permian Basin for fifth time in past seven weeks
Rig count in Permian Basin declined last week for the fifth time in the past seven weeks, according to Baker Hughes, as WTI fell below $85 for the first time since January. As of Sept. 2, there were 342 rigs in Permian Basin – down 6 in the past week, but up 92 in the […]
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