The count of active oil and gas drilling rigs in U.S. declined to the lowest level in 31 months in Baker Hughes’ latest report. As of Nov. 1, there were 822 rigs in U.S. (830 a week ago, 1,067 a year ago), the lowest total since March 2017. The Houston-based oilfield service firm said there […]
Rystad reports another increase in gas flaring, venting in Permian
Preliminary analysis by Rystad Energy, which has been monitoring levels of natural gas flaring in Permian Basin since 2017, shows that flaring and venting in Permian Basin of Texas and New Mexico has reached an all-time high. Rystad said flaring and venting reached an average of 750 MMcfd in 2019Q3. Previous quarterly estimates suggested that […]
Chevron files permits for 21 wells in Midland, Culberson counties
California major Chevron filed for multiple drilling permits in Culberson and Midland counties in Permian Basin with Railroad Commission of Texas. Houston Chronicle said this week Chevron filed permits to develop 17 horizontal wells in Midland County in the Parks field on its GBG Danger Zone lease to 10,000 feet and another 4 horizontal wells […]
Accident Investigation
Greetings and salutations! Welcome to another fun edition in the land of safety. As I mentioned in the previous edition, this month I’m going to talk about Root Cause. Root cause analysis and its process is always one of the most fun topics in the oilfield, said no one ever. The first and most important […]
Chain Reaction
That screeching sound in the background is the brakes being slammed on drilling, at least for the short term. Rental companies feel the heat, whether they’re renting downhole tools, like Lucky Services’ Vice President of Operations Terry Goodwin, or surface machinery, like Gravity Vice President of Rental Solutions Chad Wolf. Both rely more on rentals […]
Drilling Deeper
It’s a New World In this month’s roundup of news and views, we share some headlines that, five years ago, few would have expected to see. But that is how much things have changed since the previous boom cycle. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions […]
New South Texas Rail Terminal planned in Matagorda County
Houston-based Lodestar Energy Group said recently that a 227-acre site near El Maton in Matagorda County has been chosen as location for a new rail terminal. The South Texas Rail Terminal will handle rail traffic from nearby fractionation and crude oil and natural gas storage facilities. Officials told commissioners of Matagorda County that construction on […]
Report: Optimized well design in Permian Basin would improve economics
New research by Deloitte, reported by Oil & Gas Journal, says shale operators in Permian Basin could generate capital efficiency gains of 23 percent if they fully optimized well designs. Combined with 19 percent gains possible in Eagle Ford in south Texas, Deloitte said that would represent a $24 billion capex savings opportunity for U.S. […]
Rig counts decline in Permian, Texas, New Mexico, U.S.
Declining counts of active oil and gas drilling rigs returned to Permian Basin, Texas, New Mexico and U.S. as of Oct. 25, according to Baker Hughes. The Houston-based oilfield services company said there are 417 rigs in Permian (422 previous week, 489 previous year), 418 rigs in Texas (423 previous week, 537 previous year), 110 […]
Chevron president says Permian not susceptible to “boom and bust” cycle
The president of Chevron-North America said Permian Basin won’t be susceptible to historic boom-and-bust cycles that have for decades occurred in the oil and gas industry. Speaking Tuesday at the Lone Star Energy Forum in Austin, Steve Green said, “We see a long, healthy pace of activity in the Permian and Texas for decades to […]
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