Denver-based Ovintiv said July 27 its Permian Basin production averaged 126,000 boed (82 percent liquids) in second quarter of 2021. The company averaged 3 gross rigs, drilled 21 net wells and had 33 net wells turned in line. Permian drilling and completion costs averaged $480 per foot year-to-date and are 11 percent lower than in […]
Matador reports record operational, financial achievements in Q2
Dallas-based Matador Resources reported July 27 its second quarter featured record operational and financial achievements, including a significant increase in net income and all-time quarterly highs for oil and natural gas production and revenues. Matador reported better-than-expected performance by 13 Voni wells in the Stateline asset area and by the Rodney Robinson wells in the […]
Texas Petro Index improves for third straight month
Texas Petro Index by Texas Alliance of Energy Producers gained again in June for the third straight month and fourth time in six months of 2021. The index prepared by economist Karr Ingham grew to 147.2 in June after 143.1 in May, 139.7 in April and 138.3 in March. The index started 2021 with 131.5 […]
Pioneer, Mewbourne, Devon lead Permian Basin in active drilling rigs
Pioneer Natural Resources dropped from 27 rigs to 23 in the past week, according to Enverus Aug. 5, but the Irving-based company continues to lead Permian Basin in count of active oil and gas drilling rigs. Other basin leaders include Mewbourne with 14 rigs and Devon Energy with 13. Across the Permian, Baker Hughes said […]
HollyFrontier acquires Sinclair Oil, forms new downstream parent company
Dallas-based HollyFrontier and Holly Energy Partners said Aug. 3 they are acquiring Sinclair Oil and Sinclair Transportation and forming a new downstream parent company, Dallas-based HF Sinclair Corp., in a transaction valued at $1.8 billion. HollyFrontier will acquire Sinclair’s branded marketing business and all commercial activities, renewable diesel business and two premier Rocky Mountain refineries. […]
NexTier acquires Midland’s Alamo Pressure Pumping in dual-fuel market
Houston-based NexTier Oilfield Solutions said Aug. 4 it is acquiring Midland-based Alamo Pressure Pumping in a transaction valued at $268 million that combines two leading providers of low-carbon well completion solutions in Permian Basin. Alamo’s focus on Midland Basin complements NexTier’s position in Delaware Basin. After closing Aug. 31, NexTier expects to operate 17 hydraulic […]
Managing Manager Behavior
DEAR HR LADY: We are back in our office, and I have an exempt/salaried manager I hired during Covid who is chronically late, takes way too long on personal appointments, talks—not texts—on their cell phone in meetings, does not use spellcheck, and is just plain oblivious to appropriate office behavior. What can I do? Did […]
Fracs in Focus
While not yet out of the woods, the oil and gas patient is doing better as 2020 gets further in the rear view mirror. Recovery signs are pointing upward—and none more so than those surrounding most types of energy demand and, therefore, energy production—and frac’ing is vital to that. The Institute for Energy Research reported […]
Permian Basin, Texas add rigs; New Mexico, U.S. report declines
Permian Basin and Texas posted small gains in the past week in Baker Hughes’ count of active oil and gas drilling rigs. As of July 30, there were 243 rigs in Permian Basin (242 week ago, 124 year ago) and 230 rigs in Texas (228 week ago, 104 year ago). Also, New Mexico lost a […]
Railroad Commission reports declining rates of natural gas flaring
Railroad Commission of Texas said July 28 the percentage of natural gas flared compared to natural gas produced from oil and gas wells in Texas dropped from a high of 2.29 percent in June 2019 to 0.65 percent in May 2021. During the same period the volume of gas flared decreased by about 73 percent. […]
- « Previous Page
- 1
- …
- 194
- 195
- 196
- 197
- 198
- …
- 363
- Next Page »