Oslo-based energy research company Rystad Energy said Dec. 11 water disposal in Permian Basin is likely to hit an all-time high in 2020Q4 by exceeding 1.3 billion barrels. Rystad said, “Behind the expected expansion is a combination of factors, including a rapid recovery in activity, a steady clip of enhanced oil recovery projects, and base […]

Production of oil and natural gas in the nation’s seven major producing regions is again forecast to decline in January 2021 by U.S. Energy Information Administration. In its drilling productivity report of Dec. 14, EIA said production of oil will decline by 137,000 barrels per day in January from December to 7.438 million b/d. Permian […]

Texas and New Mexico were the only major producing states and Permian Basin was the only region to add oil and gas drilling rigs last week. Baker Hughes said as of Dec. 18 there were 174 rigs in Permian (168 previous week), 158 in Texas (155 previous week), 66 in New Mexico (60 previous week) […]

Honeywell UOP of Des Plaines, Ill., said Dec. 17 that it will upgrade two cryogenic gas processing plants for Fort Worth-based Brazos Midstream in Reeves County using new technology to increase recovery of more ethane and propane typically present in natural gas. UOP will upgrade two existing plants (200 million cubic feet per day) from […]

Houston-based Pinnacle Midstream said Dec. 15 it will build a new greenfield Dos Picos natural gas gathering system in Midland Basin supported by a 15-year gas gathering, processing and purchase agreement with DoublePoint Energy. Dos Picos is expected to begin service in 2021Q2 for operators in Glasscock, Martin and Midland counties. The initial system will […]

San Antonio-based Stakeholder Midstream said Dec. 15 it acquired gas gathering and processing assets in Yoakum County from Santa Fe Midstream. The assets include Santa Fe’s 30-30 gas treating and processing plant, low-pressure gas gathering pipelines, downstream residue and NGL lines, and long-term acreage dedication from an established San Andres oil and gas producer. The […]

Midland-based Diamondback Energy said Monday it is acquiring QEP Resources and Guidon Operating. The transactions will strengthen Diamondback’s position in Midland Basin and bring Diamondback’s total leasehold interests to more than 276,000 net surface acres with annual savings of at least $60 million from efficiencies. CEO Travis Stice said, “Diamondback does not need to participate […]

U.S. LNG company Chienere Energy loaded its first cargo Dec. 7 from the third liquefaction train of its plant in Corpus Christi. Chienere, the nation’s largest LNG producer, said it loaded the train’s commissioning cargo and also the plant’s 200th cargo onto LNG tanker La Mancha Knutsen. U.S. Energy Information Administration said Wednesday that U.S. […]

Texas Petro Index, a monthly tracking measure for the state’s upstream oil and gas exploration and production economy, declined for the 20th consecutive month in October to 139.9 from a revised 144.0 in September and 196.8 (down 29 percent) in October 2019. Base 100.0 was set in January 1995. Economist Karr Ingham, who prepares the […]

Dickinson, N.D.-based Steffes recently opened an office in Midland on East CR 117 to provide a larger inventory yard, office space for local sales and service, and more space for future manufacturing. Steffes specializes in designing and manufacturing surface equipment for the oil and gas industry, including flares, separation equipment, containment, walkway, vapor recovery units, […]