Midland-based Catalyst Energy Services recently debuted its 50,000-HHP hydraulic fracturing fleet known as Vortex Prime that uses direct-drive turbine technology. Bobby Chapman, president and CEO, told Journal of Petroleum Technology, “I have spent more than four decades studying and innovating pressure pumping. Developing Vortex Prime, which will dramatically and literally change the fracing landscape, is […]
Verde Bio Holdings acquires mineral, royalty interests in Howard County
Frisco-based Verde Bio Holdings said Feb. 9 it will acquire mineral and royalty interests in Howard County for $325,000 from a private seller. The assets of 6 wells are operated by Ovintiv, whose 3 rigs are focused on Spraberry and Wolfcamp formations in Midland Basin. CEO Scott Cox said, “We continue to execute on our […]
Brigham Minerals acquires mineral, royalty interests in Midland Basin
Austin-based Brigham Minerals said Feb. 10 it will acquire mineral and royalty interests in Midland Basin in a cash and stock deal ($15 million cash). The 1,800 net royalty acres are operated primarily by Pioneer Natural Resources and Endeavor Energy Resources. Estimated 2022 production is 225 to 275 boed. Closing is expected in April. Brigham’s […]
88 Energy acquires producing assets on 1,300 acres in Permian Basin
Australia-based 88 Energy said Feb. 21 it will acquire 73 percent working interested in established conventional oil and gas production assets in Permian Basin. 88 Energy said the acquisition of 1,300 net acres is its “first move into producing oil and gas assets.” CEO Ashley Gilbert said the company’s core focus “remains exploration of our […]
Rig count improves in Permian, Texas, U.S.; oil demand grows in December
Baker Hughes continues to report small gains in its count of active oil and gas drilling rigs. As of Feb. 25, there were 309 rigs in Permian Basin (up 3 in past week, up 101 in past year), 312 in Texas (up 4 in past week, up 115 in past year), 95 in New Mexico […]
TCEQ approves modified plan for Pecos County refinery of MMEX
Fort Stockton-based MMEX Resources said Feb. 22 it is moving forward with its modified plan to build an integrated ultralow-sulfur fuels refining and hydrogen production complex equipped with carbon capture. It will be built in Pecos County near the Sulfur Junction spur of Texas Pacifico railroad northeast of Fort Stockton. MMEX said Texas Commission on […]
Diamondback forecasts flat production in Permian Basin in 2022
Diamondback Energy CEO and chairman Travis Stice said Feb. 22 the company expects to maintain flat oil production in Permian Basin this year after 224,400 bod (383,500 boed) in 2021Q4. “We will remain committed to capital discipline by maintaining flat Permian oil production,” he said. “Our operational achievements in the field in 2021 set a […]
Common Sense
Remember, Common Sense by Thomas Paine, 1776: “Society in every state is a blessing, but government even in its best state is but a necessary evil; in its worst state an intolerable one.” March 2022: The past is the past. Let it go, for now. Be prepared for the rest of the year and what […]
Oil Giants Continue Investment in Renewable Diesel, Other Biofuels
By Paul Wiseman Before the rise of the oil and gas industry, homes were heated by coal or wood, and they were lit by whale oil, lard oil, coal oil, etc. To the great benefit of whales, by the mid-1870s, most of these options were being replaced by petroleum-based kerosene. Now the clamor for reduction […]
New Positions at Texas RRC
The Texas Railroad Commission recently hired its first chief data officer and also a new director of government relations. Chief Data Officer Alkesh Amodwala and Government Relations Director Krista Duke have hit the ground running as the agency implements new legislation, including bills on data governance and natural gas infrastructure. “We are very fortunate to […]
- « Previous Page
- 1
- …
- 171
- 172
- 173
- 174
- 175
- …
- 364
- Next Page »