Midland-based Oryx Midstream and Houston-based Plains All American said Tuesday they are merging their assets, operations and commercial activities in the Permian Basin into a new joint venture, Plains Oryx Permian Basin. The transaction will include all of Oryx’s Permian assets and – with the exception of Plains’ long-haul pipeline systems and certain of its […]
Bonuses and Pay Raises: What Employers Should Consider
For the summer, I am changing things up. We all need a change of pace. DEAR HR LADY: I am uncertain whether a bonus will allow me to keep my good hourly/non-exempt employees. Will it motivate my employees to work harder and smarter as well? What legal hurdles do I need to be aware of […]
Cyber’s New Era
Friday, May 7, 2021, may have been the wakeup call for any corporation thinking it was immune to cyberattacks of any sort, including ransomware. Alarms certainly went off in Alpharetta, Ga., then, at the home of Colonial Pipeline, the U.S.’s largest pipeline system for refined petroleum products. After a few days and a $4.4-$5 million […]
Small gains in rig counts in past week in Permian Basin, Texas, U.S.
Permian Basin, Texas and U.S. posted small gains in counts of active oil and gas drilling rigs in the past week, according to Baker Hughes. As of July 2, there were 237 rigs in Permian (236 last week, 126 last year), 222 rigs in Texas (221 last week, 112 last year) and 475 in U.S. […]
Numbers of fracturing crews increase, but production remains flat
Numbers of hydraulic fracturing crews have dramatically increased in the past year, according to Bloomberg, but production in the U.S. shale patch has remained relatively flat. Citing data from Primary Vision, which has tracked fracturing crews since 2013, Bloomberg said June 22 the number of crews has increased to 235 after falling to a low […]
Midstream Texas, KC Southern to develop truck-to-rail facility
Houston-based Midstream Texas Operating and Kansas City Southern, whose primary U.S. holding is Kansas City Southern Railway, said June 29 they have reached a long-term agreement to provide truck-to-rail transloading services for petroleum and petrochemicals from Corpus Christi into Mexico. Operations are expected to begin in 2021Q4. On property leased from KCS, Midstream Texas will […]
FireBird Energy reaches solar power agreement with Priority Power
FireBird Energy, upstream oil and gas company that operates properties in Midland Basin, and Arlington-based Priority Power Management said June 29 they reached a solar development agreement for Priority Power to develop and operate a 6.5-megawatt solar photovoltaic facility on FireBird land in Ector County. FireBird, based in Fort Worth with offices in Midland, agreed […]
The Life of a Safety Man
Back in 1971, I started working in the oilfield. It was in the summer after graduation from high school that I started as a roughneck. Yep, I worked lead tongs on a “triple.” It had 3 (quiet…sarcasm) Waukesha engines powering that rig. It was a deep hole triple (3 joints of pipe in a stand), […]
Rig counts of June 25 remain unchanged in Texas, New Mexico, U.S.
Baker Hughes said June 25 counts of active oil and gas drilling rigs in Texas, New Mexico and U.S. remain unchanged in the past week. Texas has 221 rigs (112 year ago), New Mexico has 75 rigs (50 year ago), and U.S. has 470 rigs (265 year ago). There also are 236 rigs in Permian […]
Magellan, Enterprise, ICE establish new WTI futures contract to Houston
Magellan Midstream Partners, Enterprise Products Partners and Intercontinental Exchange (ICE) said June 21 they are establishing a new futures contract for delivery of crude oil to Houston. The Midland WTI American Gulf Coast contract will be launched in early 2022, subject to regulatory approval, “in response to market interest for a Houston-based index with greater […]
- « Previous Page
- 1
- …
- 198
- 199
- 200
- 201
- 202
- …
- 363
- Next Page »