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 […]
Sabalo Energy reports strong results in Howard County
Corpus Christi-based Sabalo Energy recently brought online a multi-well, co-development project in Howard County that Enverus said was among the top third of completions in the county. The six wells on Vince Everett 13-12 pad target lower Spraberry and Wolfcamp A with laterals averaging 10,247 feet and initial 24-hour rates averaging 1,559 boed (91 percent […]
Occidental to sell 25,000 acres in Delaware Basin to Colgate Energy affiliate
Occidental Petroleum said June 10 it agreed to sell what it considers non-strategic acreage in southern Delaware Basin in Reeves and Ward counties to an affiliate of Colgate Energy Partners for $508 million. Proceeds from the sale will be used for debt reduction. Vicki Hollub, Oxy president and CEO, said, “This transaction brings our post-Columbia […]
Handling Conflict at Work
Building a better team by utilizing your employees’ modes of conflict. What? In May, I wrote about successful and efficient meeting leading. This month let us review building successful teams. First, you must hire a good team. Then you need to know how each new hire gets their job done while interacting with your internal […]
The NGL Factor
In Memphis, Elvis is The King. In the Permian Basin, Oil is The King. Oil’s had a long string of hits in West Texas, dating back more than 100 years. Its backup singers, natural gas and natural gas liquids, have their place, but they’ll never be the star of the show. In fact, NGLs are […]
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