Permian Basin, Texas and U.S. continue to add drilling rigs. As of Nov. 5, according to Baker Hughes, there were 271 rigs in Permian Basin (up 3 in past week, up 124 in past year), 254 in Texas (up 4 in past week, up 115 in past year), 86 in New Mexico (down 1 in […]
HollyFrontier reduces capex forecasts for 2021 after turnaround at Navajo
Dallas-based HollyFrontier Corp. said last week it reduced capital spending forecasts for the remainder of 2021. Mike Jennings, president and CEO, said the company’s recent turnaround at its Tulsa refinery and smaller scope of work at a turnaround in progress at its Navajo refinery (100,000 b/d) near Artesia, N.M., in Eddy County have enabled it […]
Pioneer says divested Delaware Basin assets had higher operating costs
Officials of Pioneer Natural Resources said the company’s Delaware Basin assets divested last week to Continental Resources have a higher operating cost than their Midland Basin assets. Pioneer sold for $3.25 million all its assets in Delaware Basin (92,000 net acres with net production of 50,000 boed – 70 percent oil) acquired in October 2020 […]
Brazos Midstream acquires assets in Delaware, Midland basins
Fort Worth-based Brazos Midstream said Nov. 3 it acquired assets in Delaware and Midland basins of Permian Basin in two transactions. Brazos Delaware acquired the Pecos gas gathering system from Diamondback Energy and midstream affiliate Rattler Midstream. And newly formed Brazos Midland also acquired Diamondback’s Mustang Springs gas gathering system. Brazos has operated the Pecos […]
The Vaccinations Issue
How will businesses survive this pandemic? How will businesses stay healthy, wealthy, and wise? There seem to be many different schools of thought concerning how best to keep employees well enough to work during this pandemic. Americans enjoy a degree of freedom of choice, but some limits and opportunities tip the scales and allow employers […]
Going the Rental Route
The equipment leasing model allows service companies to reduce capex by only paying for certain equipment as it’s needed—as opposed to buying it and letting it sit idle when things slow down. A good deal for them. For leasing companies, in good times, this is fine. Once a forklift finishes at a job in the […]
Diamondback’s Danny Wesson named to Texas Energy Reliability Council
Danny Wesson of Midland-based Diamondback Energy has been appointed by the Railroad Commission of Texas to the Texas Energy Reliability Council. The council was established by the state legislature to “ensure that the energy and electric industries in this state meet high priority human needs and address critical infrastructure concerns” and to “enhance coordination and […]
HighPeak adds third rig in Midland Basin, increases production guidance
Fort Worth-based HighPeak Energy said Oct. 28 its recently mobilized third rig in Midland Basin will not change capital expenditure guidance for 2021. The company’s production for second half of October will average about 15,000 boed compared with 2021Q3 production of 8,168 boed. HighPeak said it expects wells drilled with its second rig to begin […]
Texas adds to rig count, but Permian and New Mexico unchanged
Texas and U.S. added drilling rigs last week while Permian Basin and New Mexico were unchanged. Baker Hughes said as of Oct. 29 there were 268 rigs in Permian Basin (up 126 in past year), 250 in Texas (up 1 in past week, up 117 in past year), 87 in New Mexico (up 40 in […]
Commission inspects injection wells after more earthquakes in west Texas
Additional inspectors were sent to Gardendale seismic response area north of Odessa last week by Railroad Commission of Texas after two earthquakes Oct. 26 of magnitude 3.4 and 3.6. They are inspecting saltwater disposal well sites. As a result of previous earthquakes, the agency in September had requested 25 operators of 76 wells in Gardendale […]
- « Previous Page
- 1
- …
- 175
- 176
- 177
- 178
- 179
- …
- 354
- Next Page »