Houston-based Targa Resources said Aug. 5 it will construct a cryogenic processing plant, Legacy (250 million cubic feet per day), in Midland Basin, and it completed relocation of another processing plant (200 MMcfd) to Midland Basin from north Texas. The $70 million Legacy plant is expected to begin commercial operations in 2022Q4. The Longhorn plant […]
De Nora finishes Phase I of wastewater recycling project in Delaware Basin
Milan, Italy-based De Nora, global provider of water and wastewater treatment solutions with a water technologies office in Sugar Land, said Aug. 11 it completed Phase I of a large wastewater recycling project in Delaware Basin. De Nora said it achieved produced water rates exceeding 140,000 barrels a day or more than five million barrels […]
Facing the Challenges
The interim for the Texas Legislature lasted a brief 38 days as Texas Governor Greg Abbott called on the legislature to return to the Texas Capitol and continue working on at least 11 items of importance. The 87th Regular Legislative Session did prove beneficial to so many Texas energy communities and the state adopted a […]
Patterson chief: Increased activity could leave rig customers “scrambling”
CEO of Permian Basin driller Patterson-UTI said recently that Q3 will produce a higher growth in rig count that might leave some customers scrambling for rigs. Andy Hendricks told reporters July 29 that Patterson-UTI already has signed contracts to operate an average of 24 rigs through 2022Q2 – including an international E&P company that will […]
Surge’s Moss Creek acquires assets in Howard County from Apache
Houston-based Moss Creek Resources Holdings, subsidiary of Surge Energy, said Aug. 11 it acquired leasehold interests and wells in Howard County from Apache for $37.5 million. The assets include 4,000 net leasehold acres (100 percent held by production) adjacent to existing leasehold position, 800 net boed of production, 14 net drilling locations, and saltwater disposal […]
Viper Energy acquires Midland Basin interests from Swallowtail
Midland-based Viper Energy Partners, mineral and royalties affiliate of Diamondback Energy, said Aug. 9 it is acquiring mineral and royalties interests from Swallowtail Royalties and Swallowtail Royalties II in a stock and cash transaction valued at $498 million ($225 million cash). Viper will acquire 2,302 net royalty acres primarily in northern Midland Basin – 65 […]
Rig count reaches 500 in U.S. for first time in 16 months
Count of active oil and gas drilling rigs in U.S. reached 500 in the past week, according to Baker Hughes, for the first time since April 2020. Baker Hughes said as of Aug. 13 there were 500 rigs in U.S. (491 week ago, 244 year ago), 245 rigs in Permian Basin (243 week ago, 117 […]
U.S. Energy Development Corp. acquires assets in Reeves, Ward counties
Arlington-based U.S. Energy Development Corp. announced this week its second transaction in five days in Permian Basin. CEO and board chairman Jordan Jayson said Monday the latest addition is located in Reeves County in the Delaware Basin targeting Wolfcamp purchased for $14.1 million. “The Permian Basin continues to be an area where we actively pursue […]
Something So Simple!
Here lately, I have been reminiscing about my own trials and tribulations throughout my career regarding safety and the oil and gas industry. One of the key reasons I went into safety was the constant loss of life and limb. To this day, the highways are still the most dangerous thing we do as an […]
Who Has the Paddles?
In his book, Make Your Bed: Little Things That Can Change Your Life…And Maybe the World, retired four-star U.S. Navy Admiral William H. McRaven offers this recommendation: if you want to change the world, find someone to help you paddle. Three folks that many of you may not know but who have had oars in […]
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