Welcome back to the latest installment in our ongoing conversation about safety! I hope this finds you where you want to be regarding safe practices and procedures. This month we are broaching a topic not normally associated with safety. I find this topic is not a hot subject in safety circles, nor in operations, either! […]
Getting into the Swing
By Paul Wiseman The wild swings of pricing in the oil and gas sector have brought turmoil to every part of that business, and equipment leasing is no exception. When drilling slows down, drillers need less equipment. So it goes for equipment companies like Gravity as well as those providing housing, such as Stellar Oilfield […]
Marathon acquires Ensign Natural Resources to double Eagle Ford position
Houston-based Marathon Oil said Nov. 1 it agreed to acquire Eagle Ford assets of Ensign Natural Resources for $3 billion. The transaction, expected to close by yearend 2022, nearly doubles Marathon’s position in Eagle Ford. The acquired assets cover 130,000 net acres (99 percent operated) in Bee, DeWitt, Karnes and Live Oak counties in the […]
Rig count in Permian Basin remains unchanged at 346 for fourth week
Count of active drilling rigs in Permian Basin remains 346 for the fourth straight week, according to Baker Hughes, as losses offset gains. As of Nov. 4, there were 369 rigs in Texas (up 1 in past week), 106 rigs in New Mexico (unchanged) and 770 rigs in U.S. (up 2). U.S. count included 2022 […]
Enterprise transports record volumes of products in 2022Q3
Houston-based Enterprise Products Partners said last week its pipelines transported record volumes of products in 2022Q3. A.J. (Jim) Teague, co-CEO, said Nov. 1, “During the third quarter, our pipelines transported a record 11.3 million barrels per day equivalent of NGLs, crude oil, natural gas, refined products and petrochemicals. Enterprise’s natural gas pipelines transported a record […]
Enbridge, Plains now sole owners of Cactus II crude oil pipeline
Enbridge and Plains All American Pipeline said last week they are now sole owners of Cactus II crude pipeline after purchasing the 15 percent interest of Western Midstream Partners for an aggregate price of $265 million. Calgary-based Enbridge acquired 10 percent, and Houston-based Plains acquired 5 percent of Cactus II, a 26-inch pipeline in service […]
Cardinal Midstream acquires natural gas system of Medallion Midstream
Dallas-based Cardinal Midstream Partners said last week it agreed to acquire the natural gas gathering and processing system of Medallion Midstream Services in Loving and Reeves counties. It consists of about 80 miles of high- and low-pressure natural gas gathering pipelines and a processing plant (140 million cubic feet per day). Closing is expected in […]
Targa to build Daytona NGL pipeline from Permian to north Texas
Houston-based Targa Resources said Nov. 3 it will construct the Daytona NGL pipeline to expand its common carrier Grand Prix NGL pipeline system. Daytona will transport NGLs from Permian Basin to Targa’s Grand Prix NGL pipeline (550,000 b/d) in north Texas for delivery to Targa’s fractionation and storage complex in Mont Belvieu. It is expected […]
Conducting a Human Resource (HR) Audit
The best HR audits are the ones you control. The worst are those prompted by a letter from a government agency. Clean up one issue at a time while there is still time. All organizations need a major HR audit every few years and an annual review to ensure that the policies and procedures comply […]
Coming: The Year of Natural Gas
For decades natural gas was more of a nuisance than a blessing in the Permian Basin, where oil, specifically, was the economic engine of the region. Oil still is king, but natural gas is starting to flex some serious economic muscle these days, due to ripple effects from world events. This competition is creating its […]
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