Respect Big Bend Coalition last month released two reports on its two years of community engagement and analysis on energy development in the region. The coalition seeks to balance future energy development – oil and gas and renewables – with conservation planning and community input and leadership. The 14-member group includes landowners and community leaders […]
Judge blocks Biden administration’s pause on oil, gas leasing
Judge Terry Doughty of the U.S. District Court for the western district of Louisiana this week blocked the Biden administration’s pause on oil and gas leasing on public lands and waters. Tuesday’s order granted a preliminary injunction to Texas, Louisiana, Oklahoma and 10 other states – all with Republican attorneys general – that sued President […]
Permian, Texas, New Mexico, U.S. add rigs to reach 2021 high counts
Lea County, N.M., added 11 rigs in the past week to return to the top of the count of active oil and gas rigs in Permian Basin. According to the weekly report of June 11 from Baker Hughes, Lea has 44 rigs. Midland added 3 rigs in the past week to move up to second […]
Sabalo Energy reports strong results in Howard County
Corpus Christi-based Sabalo Energy recently brought online a multi-well, co-development project in Howard County that Enverus said was among the top third of completions in the county. The six wells on Vince Everett 13-12 pad target lower Spraberry and Wolfcamp A with laterals averaging 10,247 feet and initial 24-hour rates averaging 1,559 boed (91 percent […]
Occidental to sell 25,000 acres in Delaware Basin to Colgate Energy affiliate
Occidental Petroleum said June 10 it agreed to sell what it considers non-strategic acreage in southern Delaware Basin in Reeves and Ward counties to an affiliate of Colgate Energy Partners for $508 million. Proceeds from the sale will be used for debt reduction. Vicki Hollub, Oxy president and CEO, said, “This transaction brings our post-Columbia […]
Handling Conflict at Work
Building a better team by utilizing your employees’ modes of conflict. What? In May, I wrote about successful and efficient meeting leading. This month let us review building successful teams. First, you must hire a good team. Then you need to know how each new hire gets their job done while interacting with your internal […]
The NGL Factor
In Memphis, Elvis is The King. In the Permian Basin, Oil is The King. Oil’s had a long string of hits in West Texas, dating back more than 100 years. Its backup singers, natural gas and natural gas liquids, have their place, but they’ll never be the star of the show. In fact, NGLs are […]
Diversified Energy acquires upstream assets of Midland’s Blackbeard
Midland-based Blackbeard Operating reportedly agreed May 21 to deal certain of its upstream assets in Barnett Shale to Birmingham, Ala.-based Diversified Energy for gross purchase price of $180 million. Diversified said May 28 that “the Blackbeard acquisition represents an attractive entry point into the Barnett Shale and an extension of the company’s presence in its […]
Growth slows in Permian, Texas rig count; New Mexico adds 2
Growth in rig count in Permian Basin and Texas has slowed – adding only 3 rigs in Permian Basin and falling by 1 rig in Texas in the last 4 weeks. Baker Hughes said as of June 4 there were 232 rigs in Permian (233 last week, 141 last year), 216 in Texas (218 last […]
Surge Energy completes dual fuel project in Howard County
Houston-based Surge Energy said June 3 it recently completed a multi-zone project in the Moss Creek field in Howard County using dual fuel completions. The project included a 5-well pad with a compressed natural gas and diesel dual fuel system that yielded greenhouse gas emissions reduction of about 845 metric tons of CO2e emissions. Surge […]
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