Houston-based pipeline operator Targa Resources said Feb. 3 it agreed to sell its wholly owned subsidiary that holds 25 percent interest in the Kinder Morgan-operated Gulf Coast Express pipeline to an undisclosed buyer for $857 million. Kinder Morgan Texas Pipeline, DCP Midstream and an affiliate of Targa built the GCX mainline that transports Permian Basin […]
NGL Energy, XRI Holdings to collaborate on wastewater management
Tulsa-based NGL Energy Partners said Feb. 2 it reached agreement to collaborate with XRI Holdings to enhance full-cycle produced water management in Permian Basin. NGL owns and operates the largest integrated network of large-diameter wastewater pipelines, disposal wells and produced water handling systems in the Delaware Basin (1.8 million b/d), and XRI is the largest […]
ConocoPhillips moves to 2-mile laterals on Shell acreage to improve rates
ConocoPhillips executive vice president Tim Leach said Feb. 3 the company intends to move from one- to two-mile laterals on its newly acquired Shell acreage in Delaware Basin to improve rates of return and generate a 30 percent improvement in cost of supply. Leach said Conoco will need to acquire offsetting acreage in certain areas […]
On Getting Buy-in
As long as I have been in the oil and gas industry, the largest obstacle to actual compliance, from what I can perceive, is buy-in. It is difficult, if not impossible, to bridge training, the application of policy, procedures, monitoring, and enforcement, especially if there is no buy-in. My reluctance to get into the field […]
How to leverage existing subsurface data for carbon sequestration modeling
Derisk CCS operations with detailed subsurface characterization As governments, agencies and industries across the world increase their focus on sustainability and mitigating the risks of climate change, carbon capture and sequestration (CCS) is becoming more important than ever before. As one of the few proven technologies to significantly lower net emissions from some of the […]
Going with the Flow
In a 2019 website post, the Produced Water Society estimated that the Permian Basin produces between 9 million and 15 million barrels of water per day. To put that in perspective, 15 million barrels equals 1933.4 acre feet, and Austin’s Lake Travis has a capacity of 1,135,000 acre feet. At that rate, Permian water production […]
Rig counts grow to 294 in Permian, 287 in Texas, 613 in U.S.
Baker Hughes reported small increases in rig counts in Permian Basin, Texas and U.S. in the past week. As of Feb. 4, there were 294 rigs in Permian (293 week ago, 198 year ago), 287 in Texas (284 week ago, 189 year ago) and 613 in U.S. (610 week ago, 392 year ago). New Mexico’s […]
Interior department to grant Texas $107.5 million to clean abandoned wells
The administration of President Joe Biden said last week it will provide a total of $1.15 billion to states to cap and clean abandoned oil and gas wells in its effort to reduce U.S. emissions and improve health and safety of nearby communities. U.S. Department of Interior said 26 states are eligible to apply for […]
Rystad forecasts production from new wells to top 1,000 boed in 2022
Oslo-based research firm Rystad Energy said recently that the average production of new wells in Permian Basin is expected to reach a record high in 2022. Rystad said it will top 1,000 boed because of increases in lateral well length. “The Permian is entering a three-mile lateral era,” Artem Abramov, head of shale research at […]
Whistler Pipeline to extend lateral 35 miles into Martin County
Austin-based Whistler Pipeline said Jan. 26 it will expand its Midland Basin pipeline with a new 36-inch lateral extending northwest into Martin County. The new Whistler lateral will lengthen the existing 36-inch lateral about 35 miles and connect to multiple processing sites by 2022Q4. Whistler, owned by a consortium of MPLX, WhiteWater, and a joint […]
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