Houston-based WaterBridge Holdings said Sept. 10 it acquired the produced water infrastructure acquired in June by Colgate Energy from Occidental Petroleum. WaterBridge also said it has a new 15-year produced water management agreement for Colgate’s operated acreage in Reeves and Ward counties. The acquired assets include 10 water-handling facilities, associated water midstream infrastructure (capacity 100,000 […]
Key Drivers in 2021
The pandemic of 2020 was undeniably a choke point for investment into the oil and gas industry. Reduced travel, and a general hesitation to invest in anything other than masks and toilet paper, coincided with a rise in ESG concerns to block the door to any significant investment in the sector. But, said Jack Herndon, […]
U.S. rig count falls below 500 ahead of Hurricane Ida, Permian adds 1 rig
The industry’s evacuation of infrastructure in Gulf of Mexico ahead of Hurricane Ida led to a loss of 11 active drilling rigs in U.S. as of Sept. 3, according to Baker Hughes. There were 5 additional rigs on land, but the number of rigs drilling offshore was down 13 in the previous week to 2. […]
Laredo adds first multi-well package with wider spacing in Howard
Tulsa-based Laredo Petroleum, pure play Permian operator, said last month it brought online in central Howard County in 2021Q2 its first multi-well package to use wider spacing in Wolfcamp A. Laredo said its third multi-well package in Howard, the 13-well Davis unit (10 wells in lower Wolfcamp A, 3 wells in lower Spraberry), is outperforming […]
Midland Basin produced 15 percent of U.S. crude oil in 2020
In a report released last month, U.S. Energy Information Administration said Midland Basin accounted for 15 percent of total crude oil production (1.68 million b/d) and 6 percent of total dry natural gas (5.4 billion cfd) in U.S. in 2020. In the past decade, exploration and production in Midland Basin, within Texas’ borders in eastern […]
WhiteWater acquires Gateway pipeline in northern Delaware Basin
Austin-based WhiteWater Midstream said Aug. 26 it is acquiring Gateway pipeline of Sendero Midstream Partners in northern Delaware Basin. In service since late 2020, the 24-inch pipeline extends 24 miles north from Reeves County to the Carlsbad area. It’s connected to WhiteWater’s Agua Blanca natural gas pipeline system, joint venture of WhiteWater and MPLX serving […]
ExxonMobil to begin certification of RSG in Delaware Basin
Irving-based major ExxonMobil said Tuesday it has reached agreement with independent, non-profit MiQ to begin certification process for natural gas produced at its facilities at Poker Lake in northern Delaware Basin in New Mexico. Certified natural gas, sometimes referred to as responsibly sourced gas (RSG), validates emissions reduction efforts and helps customers meet emissions goals. […]
How to Vet a Resume
Oh, what a tangled web we weave / When first we practice to deceive. Thanks, Shakespeare, for making Sir Walter Scott’s idiom so famous. When an applicant lies or acts dishonestly, they initiate problems and a domino structure of complications that run out of control, and they get caught. Karma. Here are tips for looking […]
The PBPA Annual Meeting is Sept. 29-30
While this space is generally reserved for a monthly President’s Message from Ben Shepperd, President of the Permian Basin Petroleum Association, we are devoting this month’s installment to a Q&A with Ben (below) on PBPA’s Annual Meeting, which this year lands on Sept. 29 and 30. On the 29th, which is a Wednesday, the membership […]
Industry E&P sector adds 1,500 jobs in July in Texas as recovery continues
Data from Texas Workforce Commission and Texas Oil and Gas Association released last week and reported by Houston Chronicle show that production and exploration companies in the state added 1,500 jobs in July “as the industry continues to recover from the pandemic-driven oil bust.” The state’s upstream sector has recovered 17,000 jobs (of 60,000 jobs […]
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