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. […]
NexTier launches natural gas fueling services in Permian Basin
Houston-based NexTier Oilfield Solutions announced Monday the commercial launch of Power Solutions, its division that provides comprehensive fueling services to natural gas-powered fleets in Permian Basin. It integrates the latest in CNG supply and field gas handling technologies with NexTier’s portfolio of natural gas-fueled completion services and displaces a significant portion of carbon-heavy diesel with […]
Pioneer plans to operate 22-to-24 horizontal rigs in Permian in 2021
Dallas-based Pioneer Natural Resources said Monday in its second-quarter financial report it plans to operate 22-to-24 horizontal drilling rigs in Permian Basin in 2021, including 1 rig in Delaware Basin and 3 rigs in southern Midland Basin joint venture area. Pioneer’s 2021 capital program is expected to place 470-to-510 wells on production with oil output […]
Bryan Sheffield’s Formentera Partners makes first purchase
Reuters reported July 30 that Bryan Sheffield’s new fund Formentera Partners made its first purchase. The private equity income fund bought oil wells in Texas panhandle for about $121 million from an undisclosed seller. The assets span about 11,000 acres with production of 30 million cubic feet equivalent per day from about 200 wells. Sheffield, […]
Whistler pipeline begins operation from Permian Basin to Texas coast
Whistler pipeline began commercial operation July 1 to provide about 2.0 billion cubic feet per day of natural gas transport capacity from Permian Basin to Texas Gulf Coast. The pipeline consists of a 450-mile transmission line running between Waha hub in west Texas and Agua Dulce (providing shippers with access to Gulf Coast industrial and […]
Callon Petroleum to acquire assets of Delaware Basin operator Primexx
Houston-based Callon Petroleum, Permian and Eagle Ford driller, said Wednesday it will acquire leasehold interests and related oil, gas and infrastructure assets of Delaware Basin operator Primexx Energy Partners in a cash ($440 million) and stock transaction valued at $788 million. Dallas-based Primexx has a contiguous leasehold of 35,000 net acres in Reeves County with […]
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