Exploration and production companies in Texas added about 2,400 jobs last month as the industry continues its recovery from the pandemic.  Texas Workforce Commission said the state has 185,300 drilling and extraction workers – about 16 percent fewer than the 220,300 before the pandemic began in January 2020.  Texas has recovered about 35,000 (58 percent) […]

Midland-based Regiment closed on two recent acquisitions to grow its pressure pumping company.  Last month Regiment acquired pressure pumping equipment from a Permian operator, and in September it acquired a fleet of pumps and high-specification frac stack equipment from a private pumper.  The two acquisitions increased Regiment’s total asset base to more than 75,000 HHP […]

Des Plaines, Ill.-based Honeywell said Dec. 15 it will commercialize carbon capture technology created by researchers at University of Texas in Austin that could significantly reduce carbon dioxide emissions from many industrial sources.  The proprietary technology from Texas’ carbon management program reduces the cost of capturing carbon dioxide emissions from power plants and other heavy […]

Nabors’ Pace-R801 drilling rig, the world’s first fully-automated land rig, recently completed its first well to a depth of nearly 20,000 feet for ExxonMobil in Permian Basin, according to a report last week in Houston Chronicle.  The Chronicle said this “marks a milestone in the automation of the oil and gas industry… Robots are transforming […]

Permian Basin has added 28 rigs to date in 2021Q4 after adding 46 rigs in Q1, 15 rigs in Q2 and 24 rigs in Q3.  Baker Hughes said as of Dec. 17 there were 288 rigs in Permian Basin (up 2 in past week and 114 in past year), 275 rigs in Texas (up 3 […]

After four additional earthquakes in northwest Midland County last week, KOSA-TV and Midland Reporter Telegram reported this week the Railroad Commission of Texas suspended indefinitely all deep injection of produced water by oil and gas operators effective Dec. 31.  Operators of disposal wells in Gardendale seismic response area will not be permitted to inject below […]

The Woodlands-based Earthstone Energy said last week it reached agreement with Fort Worth-based Chisholm Energy to acquire 36,100 net acres (92 percent operated) in Delaware Basin in Eddy and Lea counties in New Mexico.  Purchase price is $604 million in cash and stock ($340 million cash at closing in 2022Q1).  Robert J. Anderson, president and […]

U.S. Energy Information Agency expects another record month for crude oil production in Permian Basin.  In its Dec. 13 drilling productivity report, EIA forecast production of 5.031 million barrels of crude oil per day in January 2022 – the second straight month for a record forecast and the first monthly forecast of at least 5 […]