Dallas-based Grey Rock Investment Partners – with interests in more than 2,500 wells in core areas of Delaware and Midland basins and four other plays – and Executive Network Partnering Corp. said recently they agreed to a $1.3 billion business combination that will result in the formation of publicly traded Granite Ridge Resources. Grey Rock […]
If You Want to Go Places, Seat Assignments are Critical
This month I want to address the idea of getting the Right People in the Right Seat on the Bus. However, before I get started, and my reader may drift off, I will begin by highlighting a new resource to assist your organization with Human Resources (HR). I want to tell you about a fantastic […]
Building Momentum
In 2020 and the first half of 2021, finding work was the biggest problem in the oil patch. Now, finding workers is a greater challenge, but longtime firms like Saulsbury Industries are holding their own as the construction field roars back to life. Jeremy Nelson, vice president of operations for Saulsbury Industries, said the company […]
BKV Corp. acquires remaining Barnett assets of ExxonMobil
Already Barnett Shale’s largest natural gas producer, Denver-based BKV Corp., subsidiary of Thai mining and power company Banpu, agreed to acquire remaining upstream and midstream assets in Barnett of ExxonMobil for $750 million plus contingent payments. ExxonMobil said May 19 the deal is expected to close in 2022Q2 and provide BKV about 160,000 net acres […]
Eddy County adds 23 rigs in past year to lead Permian Basin
Minimal new drilling activity was reported by Baker Hughes for the week that ended May 27. There were 342 active rigs in Permian Basin (down 1 in past week, up 109 in past year), 358 in Texas (up 1 in past week, up 140 in past year), 98 in New Mexico (unchanged in past week, […]
Rystad: “Outstanding year for production growth in Delaware Basin”
Oslo-based research firm Rystad Energy said May 19 total production in Delaware Basin is expected to reach a record 5.7 million boed in 2022. “Spurred on by high oil prices and appealing well economies,” Rystad said, “total production is set to grow by around 990,000 boed – almost half of which (433,000 boed) is new […]
Crestwood acquires assets in Delaware Basin, exits Barnett Shale
Houston-based Crestwood Equity Partners said last week it is acquiring assets in Delaware Basin and divesting assets to exit Barnett Shale. Crestwood agreed to acquire from Sendero Midstream Partners for $600 million cash assets in Eddy County, including 350 million cfd of processing capacity, 140 miles of natural gas gathering lines, and more than 53,000 […]
Apache to resume drilling in Alpine High in Reeves County
Apache recently added a third drilling rig in Delaware Basin, and the Houston-based company said after that rig completes six wells it will move to Alpine High in Reeves County to drill two 3-well pads. Apache officials told Midland Reporter Telegram they “did not need natural gas at $9 per Mcf to make Alpine High […]
Augmented Reality (AR) to Help Bridge Skills Gap in the Oil and Gas Industry
The COVID-19 pandemic, geopolitics, and energy transition expectations have caused the oil and gas industry’s skills gap to slip down companies’ agendas, says GlobalData, a leading data and analytics company. According to GlobalData, the industry needs to capitalize on emerging technologies such as augmented reality (AR) to accelerate the training of a new generation of […]
Myth vs. Reality in Supply Chain Optimization
By Patrick Long Optimization tools are powerful additions to the arsenal of business systems for any company. The tools leverage the transactional advantages afforded by the discipline and interconnectedness of energy trading and risk management (ETRM) systems. They build on rich data in a continuous feedback loop where new objectives are set, and new forecasts […]
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