Baker Hughes’ count of active oil and gas drilling rigs increased again June 18 to 470 – a gain of 93 percent since low of 244 in August 2020. There were also 237 rigs in Permian Basin (236 last week, 132 last year), 221 rigs in Texas (219 last week, 111 last year) and 75 […]
Led by Permian, U.S. expects another increase in oil production in July
Crude oil production in seven major regions of the U.S. is expected to increase in July for the third straight month, according to the latest drilling productivity report from U.S. Energy Information Administration. An increase of 38,000 barrels per day is forecast for July to 7.803 million b/d from 7.765 million b/d in June. That […]
New Mexico reaches pre-pandemic level in crude oil production
Officials who testified at a legislative finance committee hearing this week said New Mexico is the first state to reach pre-pandemic level in crude oil production. Economist Dawn Iglesias said Wednesday in Ruidoso that in March 2021 New Mexico produced 36.5 million barrels of oil and 188 trillion cubic feet of natural gas – record […]
Select Energy Services begins construction on produced water facilities
Houston-based Select Energy Services, provider of water management and chemical solutions to the unconventional oil and gas industry, said June 16 it was awarded contracts for construction of three produced-water recycling facilities in Permian Basin (two in Midland Basin, one in Delaware Basin) that will decrease freshwater usage and waste disposal. The announcement said, “These […]
Northern Oil & Gas grows Permian position with deals for 2,900 acres
Minneapolis-based Northern Oil & Gas said June 16 it is growing its Permian Basin position with three deals for 2,900 net acres with two-stream net production of 2,200 boed (66 percent oil) in Delaware Basin for $102.2 million. Located in Reeves County in Texas and Eddy and Lea counties in New Mexico, the assets are […]
Recognizing Someone Special
If a tree falls in the forest, but there is no one there to hear it, does it make a sound? If a trade association has members, but those members can’t be in the same room with each other, can you have a member event? On April 1, 2021, PBPA held its first in-person event […]
Pigging Comes of Age
The lowly and usually invisible pipeline pig is not just an oilfield tool. Any industry that uses a pipeline to transfer liquid from place to place uses pigs to clean the insides and to check structural integrity. Food, industrial chemicals, water, and other fluids can flow a few feet across a plant or thousands of […]
Big Bend group releases study on energy development and conservation
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 […]
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