As usual, the oil industry has seemed to turn on a dime. Two years ago producers were filling swimming pools with excess oil because it was a commodity nobody wanted during the Pandemic. In 2022, it’s still a commodity that certain groups don’t want, but they have to admit they need it. That’s due to […]
Where has Professionalism Gone?
Loose lips sink ships. Less is more in professional communication. Being clear and concise is the key. There is no need to fill the air with words that might get you in trouble. What is said cannot be taken back once it is out, either in conversation or in writing, including on social media. I […]
Finding a Fit
Merger and acquisition (M&A) activity across the United States surpassed an eight-year high in 2021, marking a dramatic recovery from the pandemic-led price crash in 2020. Yet, the last time oil prices were as consistently over $100 per barrel, in 2012-2014, the rig count was dramatically higher than it has been to start 2022. S&P […]
Enverus: Record number of three-mile laterals reported for 2021
Enverus said this week the number of three-mile laterals in oil and gas drilling has reached an all-time high. As of April 29 there were 343 laterals of at least three miles reported for 2021. And Enverus said that number is likely to grow because some completions for 2021 likely have not yet been reported. […]
DOE authorizes additional LNG exports from planned terminal in Texas
U.S. Department of Energy recently authorized additional natural gas exports from planned terminals in Texas and Louisiana. The orders allow Golden Pass LNG (18 million tonne/year) in Sabine Pass near Port Arthur to export an additional 350 million cfd and Magnolia LNG (8.8 million tonne/year) in Lake Charles, La., to export an additional 150 million […]
Kinder Morgan secures foundation shipper for Permian Highway expansion
Houston-based Kinder Morgan said last week it has secured a long-term binding agreement with a foundation shipper for half of the announced expansion capacity of 650 million cfd for the Permian Highway pipeline that moves gas from Waha in west Texas to Katy and other Gulf Coast markets. The project still is subject to a […]
Permian rig count increases for 21st straight month since July 2020
Baker Hughes’ count of active oil and gas drilling rigs in Permian Basin continues to increase. As of April 29, there were 335 rigs in Permian Basin (up 1 in past week, up 111 in past year), 345 in Texas (down 1 in past week, up 133 in past year), 97 rigs in New Mexico […]
TRP Energy to deploy Qube emissions monitoring technology in Permian
Calgary-based Qube Technologies said recently TRP Energy committed to deploy Qube emissions monitoring technology at its 25 facilities in Permian Basin. Qube provides oil and gas producers with “a low-cost and accurate solution” using fixed sensors on site that continuously monitor multiple gases for leaks. Data collected by the sensors are analyzed using advanced algorithms […]
Matador averages monthly production of 100,000 boed for first time
Dallas-based Matador Resources said April 26 it averaged monthly production of more than 100,000 boed in March for the first time in the company’s history. And Matador said it expects to continue to average above 100,000 boed for the remainder of 2022. In February in Lea County, N.M., Matador turned to sales 11 new Voni […]
ExxonMobil gas production at Poker Lake receives emissions certification
Irving-based ExxonMobil said last week about 200 million cubic feet per day of natural gas produced in its Permian Basin facilities at Poker Lake, N.M., have been independently certified and received the top grade for methane emissions management. The certification from MiQ helps Exxon meet customer demand for energy produced with fewer emissions. Tom Schuessler, […]
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